167 comments on The Economics of Oil, Part II: Peak Oil and the Energy Supply Curve
Comments can no longer be added to this story.
| Show without comments | PDF version
167 comments on The Economics of Oil, Part II: Peak Oil and the Energy Supply Curve
Comments can no longer be added to this story.
| Show without comments | PDF version
Search The Oil Drum with Google
Support The Oil Drum
Recently on TOD:World
TOD:Campfire
TOD:Europe
- Peak Gold, Easier to Model than Peak Oil? - Part I
- Carbon Capture and Storage
- Oilwatch Monthly November 2009
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- The Round-Up: October 24, 2008
- Compressed Air Energy Storage - How viable is it?
TOD:Australia/NZ
- International Energy Agency calls 'Peak' on OECD Oil Demand
- Australian Senate: Peak Oil motion defeated 31:6
- The Bullroarer - Friday 20th November 2009
TOD:Net Energy
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- Early Warning
- The Energy Blog
- European Tribune
- GraphOilology
- Health After Oil
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- The Big Picture
- Calculated Risk
- The Crash Course
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
Peak Oil Primers
Beware email scams!
Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.
“He that will not apply new remedies must expect new evils, for time is the greatest innovator.”
—Francis Bacon, Essays
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Nate Hagens, Gail the Actuary, Prof. Goose
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Heading Out, jeffvail, JoulesBurn, Sam Foucher, Robert Rapier
- TOD:Campfire: Glenn, Jason Bradford
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Emeritus: Stuart Staniford
- Technician: Super G
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
If price rationing would work without any big problems, then what`s the problem with Peak Oil. It would merely mean ever higher price of gasoline, and a lower economic growth rate.
And then the price should force the society to adapt to other solutions with a lower energy use.
I hope he is right there. And perhaps he is. Well i hope he is.
EDIT: If we would solve this with price rationing, then USA with very small gasoline taxes, should have big problems compared with the Europeans who could easily lower already high taxes to mitigate the impact on its citicens.
So now i understand, why USA has chosen the military option.
I agree that price rationing alone may not solve the issue and to think like that would be utterly foolish (reality doesn't follow an economic model, esp. such a broken one).
As for US/gasoline tax/war option, how about UK? They have high gasoline tax as the rest of the EU, but they are still with US in the oil wars.... err... I mean the great generational just war against terrorism (sic)
Well, i don´t know why UK is in the war. But i know that Sweden has a military force in northern Afghanistan supposedly for idealistic reasons helping the people of Afghanistan, when they and some other countrys in reality are lured by the US to be a part of the oil war.
EDIT: I hope Sweden as payment will get a share of the oil US is going to steal from the region.