Guy McPherson's blog

Economic and environmental consequences of expensive oil

What are the causes and consequences of expensive oil? The first question is posed in this article, and answered surprisingly well by a neoclassical economist. He understands the relationship between the price of oil and economic growth, and he hints at constrained supply while also expressing irrational exuberance about continued economic growth. As an economist, [...]

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Business Party II slithers by Business Party I

Damn the torpedoes. It's full steam ahead for the idea of economic growth, even though Obama surely knows the days of economic growth are behind us.

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