Gail Tverberg here summarizes years of her research into the relationships between energy and the economy.
While there are no new ideas from Tverberg here, a complex and important topic is nicely repackaged for consumption by non-experts.
This essay is thus an excellent primer for people seeking a coherent story to explain what’s going on in the world today, and what we can expect in the future.
As an aside, I’m pleased to see debt playing the larger role it deserves in her story.
Financial regulators would like to think that they determine how the economy works. In fact, the operation of the economy is largely determined by the laws of physics.