Tag Archives: economic

Analyzing Global Energy Inflation

In almost every news broadcast, fuel inflation holds the top spot. This is not surprising. With an energy inflation growth of around 30% per year (see Figure 1) and the average price of gasoline at around $5/gallon (occasionally up to … Continue reading

Posted in Energy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fighting Russian Aggression & Learning How to Fight Global Wars in the Nuclear Age

Figure 1 – Source: Interest.co.nz The world is busy right now with several simultaneous global transitions that will leave an impact long after they are over. I have mentioned these transitions in earlier blogs. They include climate change, demographic saturation, … Continue reading

Posted in Climate Change | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

“Peak” Oil:  Self-Limiting or Open-Ended?

The Age of Oil started around 1800, when drilling techniques started to become available to extract oil from the ground. Figure 1 shows the oil price changes normalized to a constant US$ (2014) from the American Civil War until 2015. … Continue reading

Posted in Russia/Ukraine, Sustainability | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Russia: The Large Gas Station With Nuclear Weapons

The current situation between Russia and Ukraine started in November 2021, when the Russian army began encircling Ukraine. It was about two months before the Winter Olympics were scheduled to start, and President Putin had promised President Xi that he … Continue reading

Posted in Energy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The American Jobs Plan & Power Generation by Source

Last week, when I discussed the new $2.3 trillion “American Jobs Plan,” I listed the costs of items that directly address climate change mitigation. The second most expensive item was the $174 billion program for electric vehicle incentive. A few … Continue reading

Posted in administration, Biden, coronavirus, Electric Cars, Sustainability, US | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 3 Comments

Winners and Losers: COVID and Coal

President Biden signed 17 executive orders immediately after his inauguration on January 20th (January 26th blog). Many of them nullified President Trump’s policies which had deliberately ignored climate change and thwarted mitigation efforts. Foremost of these new policies was the … Continue reading

Posted in Biden, Climate Change, Energy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

K-Shaped Global Disasters

In an earlier blog (August 4, 2020), I presented anthropogenic climate change, COVID-19, population, jobs, and equity as circles in a Venn Diagram. COVID-19 gives us an opportunity to quantify those relationships. In this case, jobs represent the economic impact … Continue reading

Posted in Climate Change, coronavirus, Economics | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

COVID-19-Inspired Longer-Term Changes to the Energy Transition

I started to write this blog on Thursday, June 11th. On that day, Treasury Secretary Steven Mnuchin announced that, “we can’t shut down the economy again.” The Federal Reserve and others had already made grim predictions about the long-term economic … Continue reading

Posted in Climate Change, coronavirus | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 16 Comments

Climate Change Economics: Present Costs and Long-Term Threats

The Davos meeting in Switzerland is in full swing. President Trump is there, as is Greta Thunberg; climate change will be at the top of the agenda. The World Economic Forum (WEF) is organizing the meeting. In preparation, the WEF, … Continue reading

Posted in Climate Change, Economics, Extreme Weather, Sustainability | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 13 Comments

Economic Impacts Report: Worse than Predicted?

Last week’s blog looked at Naomi Oreskes’ and Nicholas Stern’s October op-ed in The New York Times, “Climate Change Will Cost Us Even More Than We Think,” which dealt with a report about the unexamined economic risks of climate change. … Continue reading

Posted in Climate Change, Economics, Extreme Weather, Sustainability | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment