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Table of Contents

• ↓ Affordability, Not Scarcity, Is the Real Energy Crisis
• ↓ [1] How high demand differs from low demand
• ↓ [2] What experience with high and low growth in energy supplies since 1820 teaches us.
• ↓ [3] The world’s self-organizing and self-healing economy
• ↓ [4] What kinds of things may happen in the near future?
• ↓ [5] How the nature of the economy may help over the long term
• ↓ Top Alternatives to ourfiniteworld.com

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Content Snippets from ourfiniteworld.com

"With the recent closure of the Strait of Hormuz, many expect oil prices to spike and stay high. Instead, they have barely budged. The latest spike in prices is a mini spike. If these oil prices were adjusted for inflation, the spikes in the past would appear even higher."

"This is not a new problem. Looking at energy data going back to 1820, low demand (affordability) has repeatedly produced financial crashes, wars, and collapses. We appear to be entering another such period."

"In this post, I examine differences in how the economy behaves, comparing two different types of periods: those with low energy affordability (“low demand”) and those with high energy affordably (“high demand”). I also offer my view on what this analysis suggests may be ahead for the world economy."

"High demand looks like a situation in which, each year, an increasing number of people can afford cars and the fuel that they require. With high demand, the number of new cars sold each year tends to rise. Young people are eager to buy homes because they find homes affordable. They find their incomes relatively higher than their parents’ were at their age. Countries around the world find it easy to industrialize. This allows their citizens to have better lifestyles. As we will see later in this post, the periods of the 1950s, 1960s, and 1970s were periods of high growth in demand for oil products."

Key Topics & Focus Areas for ourfiniteworld.com:

Affordability, Not Scarcity, Is the Real Energy Crisis

[1] How high demand differs from low demand

[2] What experience with high and low growth in energy supplies since 1820 teaches us.

[3] The world’s self-organizing and self-healing economy

[4] What kinds of things may happen in the near future?

[5] How the nature of the economy may help over the long term