Doyne Farmer Wants To Drag Economics Into The 21st Century
Doyne Farmer believes the world of economics has too many mathematicians and too few physicists, leading to inaccurate predictions.
economics
A Perfect Storm For Energy Is Coming To The US
It looks to me like a perfect storm for energy is coming to the United States. The Trump administration is trying to push energy resources that cannot be built quickly, while attempting to kill some that can. And this is happening just as demand is increasing. I believe we will … [continued]
Brussels Conversations: Port Decarbonization, Economics Of Climate Refugees, Logistics Strategy & More
When people found out I was going to be in Brussels, invitations for lunch and dinner came out of the woodwork, and people started booking train rides, including two from London. Lengthy conversations on different decarbonization challenges ensued, around the main event itself, the book launch of the second edition … [continued]
What Will The End Of Fossil Fuels Be Like?
I recently came across a somewhat old spreadsheet from the U.S. Department of Energy, “Public Retail Gasoline Stations by State and Year,” which covered data from 1996 to 2012 (xlsx file found HERE). It was clear that the numbers in it were not precisely accurate, but there was something very … [continued]
Higher Carbon Prices Driving Greater Interest In Carbon Capture Technology
As the cost of releasing carbon dioxide into the atmosphere goes up, so does interest in carbon capture.
The Other Bitcoin Problem
It is not just the carbon footprint. During the Civil War, a postage stamp to mail a letter cost 3¢. It was still 3¢ when I was a kid. There had been times of inflation, but the price of the stamp had not changed. In fact, during the Civil War, … [continued]
Fakenomics Keeps Pulling The USA Backward
I had the title written before I saw this tweet, but it’s a good metaphor for the overall topic:
The End Of Oil & Gas: A Different View
I have come to believe that the end of oil & gas could look very different than what people expect. In ways it could appear even to defy the accepted law of supply and demand. If I am right, loss of demand in the face of continued availability of the resources could drive retail prices up instead of down. And once this process has begun, the consequences could quickly become disruptive.
The Dangers Of Reopening The Economy Too Soon
At the moment, we have had over a quarter million deaths due to covid-19. This death toll will continue to rise until the virus infects everyone and causes millions of deaths, or until we defeat it, either by social distancing and contact tracing, a vaccine, a treatment, or whatever tools we employ, including new technologies. I am personally fascinated by the potential of covid-sniffing dogs.
IMF Advocates For Carbon Assessments
The IMF says a price on carbon is far more effective than government rules and regulations. It recommends a minimum cost of $75 per ton of carbon dioxide.
