Actuary and researcher Gail Tverberg discusses our energy problems and how we have an ever-growing population coupled with resources which are more and more difficult to extract. She believes "limits to growth" is a better way of looking at this problem as opposed to EROI. At some point the system binds up and that's what we're running into right now. The corona shut downs may have been an excuse to shut things down due to the collapsing economy and energy situation. Such a decline in a historical cycle brings revolution, disease, and famine. She worries about semiconductors and the world economy breaking into different pieces. Pax Americana can't last forever and several countries are now getting together to take care of themselves. She has a hard time finding electricity sustainable, let alone cryptocurrencies. She doesn't think far-flung wars are sustainable. Things are good as they're going to be.

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Geopolitics & Empire · Gail Tverberg: Energy Limits Could Be Pushing Us Toward End Times #280

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Website

Our Finite World https://ourfiniteworld.com

Twitter https://twitter.com/gailtheactuary

About Gail Tverberg

The author of Our Finite World is Gail Tverberg. She is a researcher focused on figuring out how energy limits and the economy are really interconnected, and what this means for our future. Her background is as a casualty actuary, working in insurance forecasting.

Gail first became aware of oil shortages, and the impact they could have on insurance companies, back in the 1973 – 1974 period, when oil limits were first a problem. In 2005, she began reading books on the subject, including Jeremy Leggett’s The Empty Tank. Gail did further research about the situation, and wrote her first article about the potential impact on the property-casualty insurance industry in early 2006.

In March 2007, Gail decided to research the issue of limits of a finite world on a full-time basis, leaving her career in insurance consulting. She began OurFiniteWorld.com in 2007, but temporarily changed her writing base to TheOilDrum.com between mid-2007 and 2010, where she was a writer and editor. Since late 2010, her blog posts have been published on OurFiniteWorld.com. These posts are widely republished under Gail’s Creative Commons license; many posts are translated into other languages and republished.

Besides blog posts, Gail is the author of a number of academic papers. The most widely cited is, “Oil Supply Limits and the Continuing Financial Crisis.” Another academic paper of interest is, “An Oil Production Forecast for China Considering Economic Limits,” published in 2016. Section 2 of this paper discusses the possibility that the limit on oil extraction may be a financial limit: prices cannot rise high enough. A longer list of academic papers and papers for insurance audiences is given on the sidebar.

Gail also speaks to many groups regarding her views on energy limits and the economy. She has spoken in many countries around the world, including Italy, Spain, China, and India. She has spoken to academic groups, actuarial groups, “Peak Oil” groups, and more general groups, such as religious groups and graduate students. In early 2015, she taught a course at China University of Petroleum in Beijing on...