Latest from the Taskforce | The Peak Oil Group. Discussions about Energy and Our Future. Where we are headed: Peak oil and the financial crisis. Our One-Way Economy Our economy is very much a one way economy--because of its heavy reliance on debt, it needs to grow.
It is easy to overlook the importance of debt. The Oil Drum: Net Energy | Discussions about Energy and Our Future. The Oil Drum: Net Energy | Further Evidence of the Influence of Energy on the U.S. Economy. Posted by David Murphy on April 16, 2009 - 11:11am in The Oil Drum: Net Energy Topic: Economics/Finance Tags: dot-com bubble, economy, energy, eroi guy, finance, housing bubble, oil crisis, original, petroleum expenditures, steve balogh [list all tags] Gail, Jeff Rubin , and now James Hamilton (warning- pdf) of the University of California – San Diego have produced literature correlating either this financial collapse or recessions more generally with peak oil and oil prices.
The take-away message of their work is that oil prices played a fundamental role in causing the current recession and many previous recessions. In this post I, along with Steve Balogh, a fellow researcher here at the EROI Institute at SUNY-ESF, will add to this discourse. 2010 Peak Oil Report | The Peak Oil Group. 2010 Peak Oil Report Download 2010 report Business calls for urgent action on “oil crunch” threat to UK economy Taskforce warns Britain is unprepared for significant risk to companies and consumersPoorest to be hit hardest by price rises for travel, food, heating and consumer goodsNew policies must be priority for whoever wins the General ElectionRecommended packages include legislation, new technologies and behaviour-change incentivesFundamental change in demand patterns triggered by emerging economy countries London, 10 February, 2010: A group of leading business people today call for urgent action to prepare the UK for Peak Oil.