Tag «tar sands»

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, …

Limits to growth

We’re due for a massive correction with respect to our hallucinatory economy and our bloated population. Because we’ve run out of inexpensive energy, we’ve reached the end of economic growth. We might be at the end of global population growth, too. If not today or tomorrow, the day is fast upon us. Within a few years, the global human population will shrink by eighty percent or so. When it does, the alleviation of oppression will be profound, with respect to the rest of the world.