Gail Tverberg

Latest articles from Gail

• A World Running On Empty: The Decline Of Fossil Fuel Supply

  Published 01 September 2023 | viewed 24,087 times

  For many years, there has been a theory that imports of oil would become a problem before there was an overall shortage of fossil fuels.…

• The Looming Oil Crisis The World Is Ignoring

  Published 10 August 2023 | viewed 33,653 times

  It has recently become clear to me that heavy oil, which is needed to produce diesel and jet fuel, plays a far more significant role…

• How Inadequate Energy Supply Is Disrupting The World Economy

  Published 04 July 2023 | viewed 4,704 times

  A common belief is that if the world does not have adequate energy, the result will be high prices. These high prices will allow more…

• Understanding The Economic Realities Behind Wind And Solar Energy

  Published 05 June 2023 | viewed 5,585 times

  A major reason for the growth in the use of renewable energy is the fact that if a person looks at them narrowly enough–such as…

• The Very Bumpy Path Ahead For The Global Economy

  Published 08 May 2023 | viewed 3,560 times

  In the post-World War II era, the US has been known for its hegemony–in other words, its leadership role in the world economy. According to one…

• There’s No Quick Fix For Our Energy Inflation Problem

  Published 06 April 2023 | viewed 1,870 times

  There is a reason for raising interest rates to try to fight inflation. This approach tends to squeeze out the most marginal players in the…

• The Global Energy Squeeze Is Riskier Than We Thought

  Published 08 March 2023 | viewed 5,310 times

  Most people have a simple, but wrong, idea about how the world economy will respond to “not enough energy to go around.” They expect that…

• The Fatal Flaw Of The Renewable Revolution

  Published 10 February 2023 | viewed 36,045 times

  Many people believe that installing more wind turbines and solar panels and manufacturing more electric vehicles can solve our energy problem, but I don’t agree…

• 2023: Expect A Financial Crash And Major Changes In Global Energy Markets

  Published 10 January 2023 | viewed 28,280 times

  Why is the economy headed for a financial crash? It appears to me that the world economy hit Limits to Growth about 2018 because of…

• The Global Economy Is Finally Realizing That Fossil Fuels Are Finite

  Published 20 December 2022 | viewed 23,273 times

  The problem is hitting limits in the extraction of fossil fuels We know that historically, many economies around the world have collapsed. We also know…

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

  Published 18 November 2022 | viewed 25,814 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 9,069 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 9,394 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 108,537 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 48,143 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 12,691 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 18,741 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 8,697 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 12,615 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 43,384 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…