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Nonlinear: New York, London, Shanghai underwater in 50 years?
Nonlinear: New York, London, Shanghai underwater in 50 years? Those under the impression that climate change is advancing at a constant and predictable rate don’t understand the true dynamics of the issue. The rate of increase of the carbon dioxide concentration in the atmosphere, the main driver of climate change, went from 0.75 parts per million […]
Has U.S. oil production started to turn down?
Has U.S. oil production started to turn down? The plunge in oil prices last year led many to say that a decline in U.S. oil production wouldn’t be far behind. This was because almost all the growth in U.S. production in recent years had come from high-cost tight oil deposits which could not be profitable […]
Chinese stocks: When mispricing becomes more important than pricing
Chinese stocks: When mispricing becomes more important than pricing Defenders of the free market faith tell us that price conveys a great deal of information, enough that you can base an entire economic system on it without any central planning or coordination whatsoever. Whether extreme devotion to this principle is wise may not be so […]
Lab rats and the corruption of how we count
Lab rats and the corruption of how we count There’s an old joke about lab rats in which the teller says he or she secretly suspects that all lab rats are prone to cancer and so all research about the risk of cancer in humans based on tests in rats is likely useless. The Committee for […]
No, BP, the U. S. did NOT surpass Saudi Arabia in oil production
No, BP, the U. S. did NOT surpass Saudi Arabia in oil production Even the paper of record for the oil industry, Oil & Gas Journal, got it wrong. With the release of the latest BP Statistical Review of World Energy, media outlets appeared to be taking dictation rather than asking questions about which countries produced the […]
Delayed gratification for OPEC, more pain for investors
Delayed gratification for OPEC, more pain for investors Delayed gratification is said to be a sign of maturity. By that standard OPEC at age 55 demonstrated its maturity this week as it left oil production quotas for its members unchanged. It did so in the face of oil prices that are about 40 percent lower than they […]
The energy revolution will not be televised
The energy revolution will not be televised Three recent news items remind us that energy transitions take time, a lot of time–far too much time to be shrunk down into a television special, a few talking points, or the next big energy idea. For example, the complex management task of putting together the international fusion […]
Is the slowdown in productivity growth a result of energy costs?
Is the slowdown in productivity growth a result of energy costs? Slowing productivity growth in the United States has been in the news in recent months. It has become a concern to policymakers because they believe it is one of the primary contributors to a middle-class economic squeeze according to the annual report of the White […]
Chinese energy figures suggest much slower growth than advertised
Chinese energy figures suggest much slower growth than advertised Last year China reported the slowest economic growth in 24 years, about 7.4 percent. But the true figure may actually be much lower, and the evidence is buried in electricity figures which show just 3.8 percent growth in electricity consumption. David Fridley, a staff scientist in the China Energy Group at […]



