World Oil Depletion Models: Price Effects Compared with Strategic or Technological Interventions ; Technological Forecasting and Social Change, (in press).). The GBM is a beautiful model that has been applied in finance and marketing science (see here for some background). The estimation in Gu...
Peak Oil.There seems to be a distinct possibility that we will be reaching the peak in world oil supply very soon–2014 or 2015, or even 2016. The way we reach this peak though, is different from what most people imagined: low oil prices, rather than high oil prices. Low oil prices ...
Jeffrey, if possible, perhaps you could show data in per capita terms, as this is a critical factor when examining overall systemic net exergetic stock and flows at scale and change rates, i.e., a more comprehensive measure of an economy’s capacity to sustain (or not) the necessary work...
demand has been climbing back up. U.S. consumption over the last 12 months was 800,000 b/d higher than in 2013, a 4% increase. Vehicle miles traveled in the U.S. are up 6% over the last two years.
These folks typically buy a new car or pickup if they can afford one, and drive it twenty years and three hundred thousand miles before they even THINK about trading it off. They’ll go solar the same year, if they can, that they come to believe that solar panels are reliable and ...
This unprecedented rise comes as the Earth has experienced its 11th month in a row of record-breaking temperatures and a string of climate change-fueled disasters. “It’s a new milestone and it helps reinforce the point that CO2 is still rising faster than ever overall in the atmosphere,”...
The problem that we face here in the US is our very high per capita energy consumption,and it will be very difficult to change. By and large, we live in large houses, long distances from work. Europeans by and large tend to live in smaller housing closer to work (or along mass transi...
It isn'ttheirproduct. They sell transit, they don't buy the refined product and hope the price doesn't change in the 4 days it takes to make delivery at 3 miles per hour, which is how fast the oil flows in pipelines on average. The refiners havetheirown records of how much they pu...
time (the latter one I say extends five miles out the room, w. the oil "window" being about an inch on the X-axis). I like to ask questions... sometimes begin w. "Why does the pop. curve rise to steeply...about here?" Or, "Have any of you lived in a so-called "Third ...