Energy

A Fascinating Subfield of Economics - Oct 2023

I’m absolutely fascinated by the thoughts of authors like Vaclav Smil, Steve Keen, Anas Alhajji, Rule Rule etc. but would like to really learn more. Unfortunately, their Public figures tend to rehash talking points. published material repeats itself over and over. There are terms which roughly cover it:

Falling Oil Production - Feb 2022

Brazil is the only country in the world who expects to produce more in 5 or 10 years and is making the required investments. Elsewhere, there has been precious little capital expenditure (outside of fracking) for over a decade beyond what’s needed to maintain current production levels. Keeping production even requires a lot of energy and money - which hasn’t actually been going in very much. The super majors all plan to reduce production every year from now on. Some national oil companies are aiming at maintaining levels (or in Brazil’s case raising). Private US and Canadian companies are also planning to increase.