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Crude Prices Jump After Israeli Tanker Hit By Iranian Drone Off Oman Coast
Crude Prices Jump After Israeli Tanker Hit By Iranian Drone Off Oman Coast Crude prices are higher Wednesday morning after a bomb-carrying drone on Tuesday evening struck an oil tanker owned by an Israeli billionaire, The Associated Press reported. The Liberian-flagged oil tanker Pacific Zircon was approximately 150 miles off the Omani coast at 730 pm local […]
Friede Gard Prize Lecture 05 Energy In Production Functions
Friede Gard Prize Lecture 05 Energy In Production Functions Both Neoclassical and Post Keynesian economic models have been “energy blind”: postulating output from inputs of Technology, Labor and Capital, but ignoring energy (and matter, for that matter…). In this lecture I show how tautological and wrong the Cobb Douglas Production Function is, and that incorporating […]
Imperialism Of The Apocalypse
Imperialism Of The Apocalypse Rich people are depriving poor people of cheap energy in the name of climate change. Why? Clockwise from upper-left: Meghan Markle, Duchess of Sussex; Jennifer Lawrence; Prince Harry; Leonardo DiCaprio. Center: Pakistani boy with woodfuel for cooking (Getty Images) Few appear to care about climate change more than global celebrities. In […]
Pakistan ‘Has No Option But To Ration’ Natural Gas Supply This Winter
Pakistan ‘Has No Option But To Ration’ Natural Gas Supply This Winter The energy crisis in Pakistan has deepened this year. Gas supplies available for households will be very limited this winter. Pakistani households will have gas available for three hours in the morning, two hours in the afternoon, and three hours in the evening. […]
8 Billion Souls
8 Billion Souls By the time you read this, the counter above will have probably hit 8 billion (1). Screenshot from World Population Clock World population is projected to reach a new milestone — 8 billion people — tomorrow on November 15, 2022. According to United Nations Population Fund chief Natalia Kanem: “Eight billion people, it is a […]
War in a Changing Climate
War in a Changing Climate
Europe May See Forced De-Industrialization As Result Of Energy Crisis
Europe May See Forced De-Industrialization As Result Of Energy Crisis European industries including ferroalloys, fertilizer plants and specialty chemicals are shutting down as a result of the ongoing energy crisis. Certain industries may not come back, even if the energy crisis eases. An increasingly tight regulatory environment is another reason for de-industrialization in Europe. The […]
#242. The dynamics of global re-pricing
#242. The dynamics of global re-pricing IN SEARCH OF EXPLANATIONS SUMMARY There is a growing acknowledgement that the World economy has entered a new era. We know that the cost of capital is trending upwards, with adverse consequences for asset prices. But there’s been remarkably little inclination to examine the underlying processes that are causing this […]
Energy Bills In Europe Are 90% Higher Than Last Year
Energy Bills In Europe Are 90% Higher Than Last Year Electricity and gas prices are soaring across Europe, with bills close to double from last year in most European capitals, according to new data from the Household Energy Price Index—a monthly tracker of energy prices for households across 33 European capitals, including the 27 EU member […]
Arthur Berman: “The Devil is in the Diesel”
Arthur Berman: “The Devil is in the Diesel”
The UN Reveals Plan To BAN All Fossil Fuels
The UN Reveals Plan To BAN All Fossil Fuels I want to go over and address this climate change summit. The cop37 or whatever it’s called in Egypt has allegedly produced some extremely inflammatory rhetoric. Absolutely insane. The scary reality is that if this rhetoric continues, it could kill hundreds of millions of people. I’m […]
The decoupling canard won’t die…
The decoupling canard won’t die… aka, ‘Green Growth is an oxymoron’! I keep coming across people contending that decoupling will allow continued economic expansion, whilst reducing emissions. I put together this summary of rebuttals: This is a great starting observation from Tim Morgan at Surplus energy economics: “At the same time, we should dismiss the […]
Oil Prices Are Primed To Spike This Winter
Oil Prices Are Primed To Spike This Winter The EU embargo on seaborne Russian crude oil exports and the G7 price cap on Russian oil are both less than a month away. While a global economic slowdown and weak oil demand in China have capped prices, looming supply disruptions will likely send oil prices higher. […]
Tucker Carlson: The U.S. is about to run out of diesel fuel
Tucker Carlson: The U.S. is about to run out of diesel fuel
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction Abstract This paper assesses how much oil remains to be produced, and whether this poses a significant constraint to global development. We describe the different categories of oil and related liquid fuels, and show that public-domain by-country and global […]
