Exploring how oil limits affect the economy
Our Finite World
Claim This Podcastby Gail Tverberg
5.0(2 reviews)
10 episodes
Updated Daily
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Podcast Overview
Exploring how oil limits affect the economy
Language
🇺🇲
Publishing Since
3/20/2021
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Recent Episodes
September 20, 2022
Ramping Up Renewables Can’t Provide Enough Heat Energy in Winter
<p>This episode is also available as a blog post: https://ourfiniteworld.com/2022/09/20/ramping-up-renewables-cant-provide-enough-heat-energy-in-winter/</p> <p>One of our big needs for energy is heat energy to keep us warm in winter. Solar energy is primarily available in summer. Hydroelectric generation and wind energy are are unpredictable. They both tend to produce peak output in spring, when little heat energy is needed. Even if we ramp them up, they cannot solve our need for winter heat energy. </p>
October 18, 2021
Spike in energy prices suggests that sharp changes are ahead
<p>This episode is also available as a blog post: https://ourfiniteworld.com/2021/10/18/spike-in-energy-prices-suggests-that-sharp-changes-are-ahead/</p> <p>An analysis of what is going terribly wrong in the world economy to cause these spikes, and a bit of a look at what might be ahead.</p> <p>The world economy requires stability. As long as energy supplies are abundant, stability is easy to achieve. But, as energy supplies get scarce, we add complexity to try to work around the adverse impacts of price spikes. These workarounds are not permanent fixes, however. Eventually, the economy becomes too brittle. It cannot respond to the temporary disruption in energy consumption caused by the economy's reaction to the pandemic. The situation is alarming. Analyses of the value of wind and solar greatly overvalue these resources because the economy really needs stability of energy supply. The economy now seems to be headed toward the early stages of collapse. This occurs because we seem to be reaching limits on oil, coal and natural gas almost simultaneously, and renewables are not of much value. </p>
August 30, 2021
The Afghanistan Fiasco (and Today’s High Level of Conflict) Reflect an Energy Problem
<p>This episode is also available as a blog post: https://ourfiniteworld.com/2021/08/30/the-afghanistan-fiasco-and-todays-high-level-of-conflict-reflect-an-energy-problem/</p> <p>Even though it is not obvious, the United States is up against energy limits. It needed to pull back from Afghanistan to try to have enough energy to continue in its other roles, such as providing benefits for its growing army of retirees, and building infrastructure to mitigate the COVID-19 downturn.</p> <p>The way energy limits play out is not at all intuitive. Most people assume that we will run out of oil, leading to a spike in oil prices. We will then transition to renewables. As I see it, this understanding is completely wrong. Limited energy supply first leads to a need for simplification: Stepping back from Afghanistan would be one such type of simplification. It would save energy supplies and reduce the need for greater tax revenue or added debt.</p>
10 total episodes available
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