Results 1 to 2 of 2

Thread: no increase in energy, just increase in cost - gregor

Threaded View

  1. #1
    jk's Avatar
    jk is online now Shadow Fed, iTulip Select Member, The Brain
    Join Date
    May 2006
    Posts
    10,347

    Default no increase in energy, just increase in cost - gregor

    The Decline of Available Energy to Society
    by Gregor Macdonald


    Over the New Year’s Day weekend The Oil Drum put out a call to its community of analysts for chart submissions. What’s been created there over the past 72 hours is a kind of museum of data covering population, energy, growth, and the economy. Do check out the post, Chart of the Year, which is still expanding. Amongst all the various entries, I found this following nugget from a paper by Alan Dechert:



    Quantification of the decline of available energy, which results from the increased cost of energy extraction, is difficult. Instead of trying to quantify EROEI (energy return on energy invested) Dechert uses the proxy of inflation-adjusted dollars to obtain his result. I think the answer is valuable, and his graphic here is a more complete look at energy expenditures in the US than my own chart from late last year. What I like about the Dechert chart is that he tracks BTU consumption and shows that this levels off as the cost of that consumption soars. This may appear obvious, but the decline of energy available to society–the energy available after one has spent energy to obtain it–has a forceful and direct impact on the economy. What’s anomalous is that in our age of trailing fossil fuel wealth, we simply don’t recognize the transition. In Dechert’s chart, however, you can very clearly see that we have crossed a threshold.

    http://gregor.us/oil/the-decline-of-...gy-to-society/
    Last edited by jk; 01-03-11 at 10:38 PM.

Similar Threads

  1. Replies: 41
    Last Post: 01-14-10, 08:03 PM
  2. Replies: 5
    Last Post: 11-23-09, 03:20 PM
  3. Inflation without Wage Increase
    By sishya in forum News
    Replies: 9
    Last Post: 07-01-09, 01:40 PM
  4. Replies: 19
    Last Post: 08-27-08, 11:22 AM
  5. Possibility for a rate increase today?
    By friendly_jacek in forum Financial Markets
    Replies: 2
    Last Post: 04-30-08, 04:48 PM

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material.

Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. We reserve the right to make changes, including change in price, content, description, terms, etc. at any time without notice. By using this board you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions. Read full legal disclaimer.

Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc. Requests for permission may be made via Contact Us.

Objectionable posts may be reported to the board administrators via Contact Us.

-->