I present three reasons why oil prices tend not to rise over time. The supply and demand model of economists omits the interconnections caused by physics.| Our Finite World
New data indicates that world diesel, copper, and platinum supplies are constrained. Nuclear power has fallen in supply. Tariffs are a new solution.| Our Finite World
Physics limits underlie today's conflict. Governments are being forced to cut back. Individual efforts cannot change this outcome. Stay away from conflict!| Our Finite World
In this post, I will try to describe the physics-based limits that the economy is facing, related to diminishing returns of many kinds. The problem we are facing has sometimes been called "limits to growth," or "overshoot and collapse." Such changes tend to lead to a loss of "complexity." Continue reading →| Our Finite World
The world is moving from having enough goods and services to go around, to not having enough to go around. Tariffs and DOGE may be helpful in fixing this.| Our Finite World
Long-term oil supply problems have been hidden by growing debt levels since 2008. Now economies with high debt levels face shrinkage and possible collapse.| Our Finite World
My analysis indicates that our expectation of what goes wrong with inadequate energy supplies is wrong. Strangely enough, it is the finances of governments that start to fail, early on. They add too much debt to support investments that do not pay back well. They add too many programs that they cannot be supported for the long term. Continue reading →| Our Finite World
Inadequate crude oil per capita is pushing the world economy toward recession. High interest rates indirectly reflect energy shortages.| Our Finite World
Added complexity allows an economy to grow, even as resource limits are reached. But at some point, the complexity itself becomes a problem.| Our Finite World
Supply and demand models of economists are shown not to work for crude oil. If prices cannot rise, peak crude oil extraction was in 2018. This is far past!| Our Finite World
The US may split into parts based on political philosophy. The area with adequate energy supplies relative to population may fare better than elsewhere.| Our Finite World
Economists have not understood the physics basis of the world economy. This post points out several issues that they have overlooked.| Our Finite World
If losing fossil fuels completely, or nearly completely, is a risk for some of the world's population, it is useful to understand what is likely to change.| Our Finite World