Historical data show that a reduction in energy availability has mostly affected the US, European countries, Japan, and other advanced economies. I expect this situation to continue as energy limits (oil and coal, especially) become more of a problem. Advanced economies will start looking and actin...
The US already has a huge amount of LNG export capacity approved but not yet under construction. The likely roadblock is the need for debt financing. One obstacle is the need to find investors willing to make very long commitments--as long as 25 years, considering the time to build the LNG plants, plu...
In 2024, the world economy is acting more and more like an 80-year-old man than like a young vigorous economy. Perhaps the economy can continue for quite a few more years, but it increasingly looks like it is in danger of falling apart, or of succumbing as a result of what might be regarded as mino...
If losing fossil fuels completely, or nearly completely, is a risk for some of the world's population, it might be useful to think through some of the things that go wrong. The following are some of my ideas about things that change, mostly for the worse, in a fossil fuel-deprived economy. Continue readin...
Strangely enough, the economy seems to move from tailwind to tailwind, as new resources are discovered, as population expands, and as central banks figure out new ways to fix the economy. In this post, I will describe some tailwinds affecting the economy. Many of these have recently lost their valu...
In this post, I try to explain the energy bottleneck the world is facing because of an inadequate supply of diesel and jet fuel, and the effects such a bottleneck may have. The world's self-organizing economy tends to squeeze out what it considers non-essential parts when bottlenecks are hit. Strangely...