Comments on: Have We Reached an Inflection Point in Economics History? http://www.getreallist.com/have-we-reached-an-inflection-point-in-economics-history.html Deal With Reality or It Will Deal With You Fri, 20 Aug 2010 18:21:05 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Chris http://www.getreallist.com/have-we-reached-an-inflection-point-in-economics-history.html/comment-page-1#comment-1109 Chris Tue, 23 Jun 2009 21:10:28 +0000 http://www.getreallist.com/?p=1181#comment-1109 Good stuff Phil, thanks for the comment and links. I was actually referring (perhaps unclearly) to the inflection point of economic growth. In that sense, I think I used it correctly. Cheers! Good stuff Phil, thanks for the comment and links.

I was actually referring (perhaps unclearly) to the inflection point of economic growth. In that sense, I think I used it correctly. Cheers!

]]> By: Phil Henshaw http://www.getreallist.com/have-we-reached-an-inflection-point-in-economics-history.html/comment-page-1#comment-1108 Phil Henshaw Tue, 23 Jun 2009 11:46:59 +0000 http://www.getreallist.com/?p=1181#comment-1108 oops... I guess in your curve of oil supply above the "inflection point" is shown as `1975. The inflection point in the 1960's was for US oil consumption. see: http://www.synapse9.com/issues/DJ_Energy+exp.jpg {C.Hall data curves w/ P.Henshaw equation fitting) oops… I guess in your curve of oil supply above the “inflection point” is shown as `1975. The inflection point in the 1960’s was for US oil consumption. see: http://www.synapse9.com/issues/DJ_Energy+exp.jpg {C.Hall data curves w/ P.Henshaw equation fitting)

]]> By: Phil Henshaw http://www.getreallist.com/have-we-reached-an-inflection-point-in-economics-history.html/comment-page-1#comment-1106 Phil Henshaw Tue, 23 Jun 2009 11:16:11 +0000 http://www.getreallist.com/?p=1181#comment-1106 Chris, I have an article on TheOilDrum that links with this and Dave Murphy's article there today too. How I see the issues connected is summarized in my comment on Dave's piece: http://netenergy.theoildrum.com/node/5500#comment-513254. My article is called "Profiting From Scarcity", on the illusion that increasing commodity prices means increasing investment opportunity when it actually means the reverse. http://www.theoildrum.com/node/5478 In any case, the natural drop-off in true availability of economically useful energy as you push the limits is quite sharp. It strongly appears we already are hitting thresholds of that, and this is what caused the commodities bubble of the past half decade and precipitated the world financial collapse. Yes, I think "we're playing catch-up" on this, and not ahead of the ball at all. I study the subject as the physics of natural systems. One terminology note, the energy availability "inflection point" is the end of the curve's growth period, and was in the 1960's. What we're at now is technically the "peak". Chris,
I have an article on TheOilDrum that links with this and Dave Murphy’s article there today too. How I see the issues connected is summarized in my comment on Dave’s piece: http://netenergy.theoildrum.com/node/5500#comment-513254. My article is called “Profiting From Scarcity”, on the illusion that increasing commodity prices means increasing investment opportunity when it actually means the reverse. http://www.theoildrum.com/node/5478

In any case, the natural drop-off in true availability of economically useful energy as you push the limits is quite sharp. It strongly appears we already are hitting thresholds of that, and this is what caused the commodities bubble of the past half decade and precipitated the world financial collapse. Yes, I think “we’re playing catch-up” on this, and not ahead of the ball at all. I study the subject as the physics of natural systems.

One terminology note, the energy availability “inflection point” is the end of the curve’s growth period, and was in the 1960’s. What we’re at now is technically the “peak”.

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