The falling EROEI of coal and natural gas is of course just going to make everything so much worse.
But with lot of numbers tanking by 20 percent in a Chinese hard landing...the glut is probably massive.
Short, this is a comment about your last graph about the GDP disconnecting from oil production.
Could there be a factor in causing the disconnect that represents the unexpectedly (by major forecasters) fast rise of renewable energy? I know that the starting base-% is low so that in early years this could be ignored, but at some stage as the energy mix transforms linking GDP to just one source of energy is bound to bring distortions.
So looking that the chart you are saying there is disaster in store, whereas I can look at it as wonder if the transformation from oil is working (and showing up in the charts)
[crawling back into a dark corner with a ] It looks like I misread the chart with it bending the wrong way! Short, thanks for taking the time for a good reply.
dissident wrote:The claim that GDP is decoupling from oil is patent BS. The correlation between the GDP and CO2 emissions remains within the same tight bounds. If the claim was correct, then the GDP growth and CO2 emissions growth would be decoupling. I notice that a lot of so-called economists do not really understand inflation adjustment. The enormous debt growth over the last 30 years and more has created the delusion that GDP can grow through consumer wishes and company advertisements without any other inputs. Then we have the shenanigans with oil price manipulation by the so-called free market. Because, everyone knows, that US gasoline stock levels represent the physical global oil supply potential and demand for crude oil.
So non adjusted by real inflation GDP numbers pumped up by debt generation and oil price undervaluations are thrown around to "prove" this GDP detached from physical reality BS. Alternatives are a drop in the bucket as of the present time. They cannot account for the alleged "decoupling".
onlooker wrote:dissident wrote:The claim that GDP is decoupling from oil is patent BS. The correlation between the GDP and CO2 emissions remains within the same tight bounds. If the claim was correct, then the GDP growth and CO2 emissions growth would be decoupling. I notice that a lot of so-called economists do not really understand inflation adjustment. The enormous debt growth over the last 30 years and more has created the delusion that GDP can grow through consumer wishes and company advertisements without any other inputs. Then we have the shenanigans with oil price manipulation by the so-called free market. Because, everyone knows, that US gasoline stock levels represent the physical global oil supply potential and demand for crude oil.
So non adjusted by real inflation GDP numbers pumped up by debt generation and oil price undervaluations are thrown around to "prove" this GDP detached from physical reality BS. Alternatives are a drop in the bucket as of the present time. They cannot account for the alleged "decoupling".
Yes, that is true. But Short is also correct as his graphs attest. The decoupling is precisely because energy per say is no longer driving economic activity but instead the frenzied lending. And so GDP as measured in dollars is a mirage that fails to account for the diminishing energy but instead coaxes economic activity in the present by depriving posterity of economic well being . Basically leaving the Economy and society with a tremendous debt load even as net energy dwindles.
Basically leaving the Economy and society with a tremendous debt load even as net energy dwindles.
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