Demand is going to rise one hell of a lot. Supply for that demand just is not there.
Category: economics
Finally, some one else does the maths on oil
the price of oil will rise without limit until coal to oil and nuclear to hydrogen fills the gap. And right now, coal to oil projects are insignificant, and nuclear to hydrogen is not even on the drawing board.
This time they did ring a bell at the bottom
The bell has just rang to announce the bottom of the housing market in California.
Exxon blows it
Bryan Caplan wonders if oil prices are a bubble. When oil spikes abruptly, that means people made incorrect investment decisions – under invested in exploration, development, and gas to liquids conversion. A simple back of the envelope calculation tells me they are still under investing. Exxon recently abandoned gas to liquids plant that would be profitable if oil remains above forty dollars to fifty dollars a barrel. But if everyone acts like that – and everyone is acting like that …
Vote Obama
The presidents that have done the most to smash capitalism have never been Democrats, because anti capitalist Democrat presidents have always found themselves paralyzed by gridlock – the pro capitalist faction unites along party lines, and the federal government system locks up, as it was designed to do. The founding fathers intentionally constructed the federal government so that it would be slow and inefficient at making large controversial changes. The greatest catastrophes for capitalism have come from the anticapitalist Republican …
Genocide and environmentalism
When someone says “There are too many Jews,†we suspect that he wants to kill Jews. And when someone says there are too many people …
US$ declining as a reserve currency
Such a change is cataclysmically rapid compared to the normally glacial rate of monetary change.
Paul Collier explains the famine
the twentieth century was a time of socialist famines. Let us hope the twenty first century is not a time of greenie famines.
Coal to oil is not under development
People are starving yet we still treat energy developers as criminals, rather than heroes.
Regulation kills
Today, a lot of people are going hungry because of an energy crisis. When we look at businesses that are attempting to address the energy crisis, for example Linc Energy Systems, we see that ninety percent of their effort, energy, and thought, is addressed to the political problem of getting permits and approvals, and very little to the merely technical details of collecting energy from nature and making it available in usable form. Linc energy systems plans to use UCG-CTL …