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What really causes falling productivity growth -- an energy-based explanation

What really causes falling productivity growth? The answer seems to be very much energy-related. Human labor by itself does not cause productivity growth. It is human labor, leveraged by various tools, that leads to productivity growth. 2,950 more words

Financial Implications

Intermittent Renewables Can't Favorably Transform Grid Electricity

Many people are hoping for wind and solar PV to transform grid electricity in a favorable way. Is this really possible? Is it really feasible for intermittent renewables to generate a large share of grid electricity? 3,731 more words

Financial Implications

An Updated Version of the "Peak Oil" Story

The Peak Oil story got some things right. Back in 1998,¬†Colin Campbell and Jean Laherr√®re wrote an article published in Scientific American called, “ 4,037 more words

Financial Implications

Overly Simple Energy-Economy Models Give Misleading Answers

Does it make a difference if our models of energy and the economy are overly simple? I would argue that it depends on what we plan to use the models for. 3,430 more words

Financial Implications

China: Is peak coal part of its problem?

The world’s coal resources are clearly huge. How could China, or the world in total, reach peak coal in a timeframe that makes a difference? 2,478 more words

Financial Implications

$50 Oil Doesn't Work

$50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per barrel oil. 2,852 more words

Financial Implications