I’ve been meaning to write an article featuring Dr. Tim Morgan’s blog for quite some time due to the fact that he has quite an awesome site. You can find his blog here, Surplus Energy Economics. Many people may find the word economics in the name somewhat off-putting, but these economics are more about energy rather than money and relate to the energy cost of energy rather than financial price of energy. This is a primary distinction that many people simply DO NOT UNDERSTAND, which amounts to precisely WHY there is so much misinformation constantly being spread around about all the predicaments my blog focuses on. Energy stocks are a resource that require energy in order to be extracted, shipped, refined, stored, and transported to end users all over the world. The energy stocks remaining (after the energy required to acquire said energy) are available to do actual work and this is the “surplus energy” in the title. Money is nothing more than a claim on future energy. The predicament of energy and resource decline is that due to these facts, money which has value today will continue to become increasingly worth less as time moves forward because the surplus energy it represents is in constant decline.This particular entry, A Moment of truth, is what promulgated this post. It goes into detail about the false narratives which have been attempted to “fix” the issues with energy decline (the constant borrowing from the future to pay for the issues of today) and the fact that degrowth is the only possibility from here on out…
…click on the above link to read the rest of the article…
