Gail Tverberg

Latest articles from Gail

• Today’s Energy Crisis Is Unlike Anything We’ve Ever Seen Before

  Published 18 November 2022 | viewed 24,311 times

  Back in 2005, the world economy was “humming along.” World growth in energy consumption per capita was rising at 2.3% per year in the 2001…

• The World’s Economy Needs Fossil Fuels To Thrive

  Published 19 October 2022 | viewed 8,736 times

  Time and time again, financial approaches have worked to fix economic problems. Raising interest rates has acted to slow the economy and lowering them has…

• Ramping Up Renewables Won’t Save The World From A Cold Winter

  Published 22 September 2022 | viewed 9,181 times

  We usually don’t think about the wonderful service fossil fuels provide in terms of being a store of heat energy for winter, the time when…

• The World’s Energy Problem Is Far Worse Than We’re Being Told

  Published 29 August 2022 | viewed 106,306 times

  No politician wants to tell us the real story of fossil fuel depletion. The real story is that we are already running short of oil,…

• Today’s Energy Crisis Spells Disaster For The Global Economy

  Published 01 August 2022 | viewed 47,735 times

  It is my view that when energy supply falls, it falls not because reserves “run out.” It falls because economies around the world cannot afford…

• The Fed’s Plan To Raise Interest Rates To Combat Inflation Could Backfire

  Published 07 July 2022 | viewed 12,562 times

  Are we headed for very high energy prices? Or, are we headed for a financial system that starts falling apart? The whole economic system may…

• Is The Global Debt Bubble About To Burst?

  Published 18 May 2022 | viewed 18,546 times

  The years between 1981 and 2020 were very special years for the world economy because interest rates were generally falling: Figure 1. Yields on 10-year…

• Is Global Oil Production Growing Fast Enough?

  Published 25 April 2022 | viewed 8,353 times

  Media outlets tend to make it sound as if all our economic problems are temporary problems, related to Russia’s invasion of Ukraine. In fact, world…

• Putin’s War Is A Disaster For The Global Economy

  Published 03 April 2022 | viewed 11,917 times

  Most people have a preconceived notion that there will be a clear winner and loser from any war. In their view, the world economy will…

• Can The World Economy Function Without Russian Oil?

  Published 05 March 2022 | viewed 43,138 times

  Russia’s attack on Ukraine represents a demand for a new world order that, over the long term, will support higher prices for fossil fuels, especially…

• The Biggest Problem With The Green Energy Revolution

  Published 27 February 2022 | viewed 17,868 times

  We have been told that intermittent electricity from wind and solar, perhaps along with hydroelectric generation (hydro), can be the basis of a green economy.…

• The Energy Crisis That No One Is Talking About

  Published 06 May 2021 | viewed 28,742 times

  We live in a world where words are very carefully chosen. Companies hire public relations firms to give just the right “spin” to what they…

• Energy And Our Collapsing Debt Bubble

  Published 25 March 2021 | viewed 7,303 times

  A $1.9 trillion stimulus package was recently signed into law in the United States. Can such a stimulus bill, plus packages passed in other countries,…

• The Post-COVID ‘Great Reset’ Won’t Be Fueled By Renewables

  Published 03 September 2020 | viewed 23,021 times

  It seems like a reset of an economy should work like a reset of your computer: Turn it off and turn it back on again;…

• Recession Fears Cap Oil Prices In 2020

  Published 11 January 2020 | viewed 41,803 times

  Energy Forecast for 2020 Overall, I expect that oil and other commodity prices will remain low in 2020. These low oil prices will adversely affect…

• Could Low Energy Growth Lead To A Recession?

  Published 14 December 2019 | viewed 13,717 times

  Many people have the impression that recessions come from financial missteps, such as the US subprime loan fiasco. If energy is involved at all, the…

• The Big Lie Behind Global Energy Policy

  Published 16 November 2019 | viewed 31,898 times

  The world today has a myriad of energy policies. One of them seems to be to encourage renewables, especially wind and solar. Another seems to…

• Renewable Energy's Inconvenient Truth

  Published 26 October 2019 | viewed 195,086 times

  The energy needs of the world’s economy seem to be easy to model. Energy consumption is measured in a variety of different ways including kilowatt-hours,…

• The Biggest Problem With Renewables

  Published 03 August 2019 | viewed 37,453 times

  Powering the world’s economy with wind, water and solar, and perhaps a little wood sounds like a good idea until a person looks at the…

• Why We Should Worry About Low Oil Prices

  Published 01 December 2018 | viewed 38,000 times

  Many people, including most Peak Oilers, expect that oil prices will rise endlessly. They expect rising oil prices because, over time, companies find it necessary…