Peak Oil is You
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Page added on January 4, 2008
At $100 Oil – What Can the Scientist Say to the Investor?
The following post is my cut and paste review of a new paper by Charles Hall, Robert Powers, and William Schoenberg titled “Peak Oil, Investments, and the Economy in an Uncertain Future”. This paper, along with 16 others (including 2 by theoildrum.com contributors), will be part of an upcoming book edited by Professor David Pimentel, “Renewable Energy Systems: Environmental and Energetic Issues”. (I’ll provide links when published). The paper by Professor Hall et al. is a thoughtful preliminary treatise on the impact that projected lower net energy for petroleum might have on the economy and investments.
The following graphics and grey box quotes are taken, in order, from the paper “Peak Oil, Investments, and the Economy, in an Uncertain Future”. The paper is much longer than what is pasted below, but this post should give a general sense of the authors work. The comments between the grey boxes, as well as the conclusion, are my own:
While we are used to thinking about the economy in monetary terms, those of us trained in the natural sciences consider it equally valid to think about the economy and economics from the perspective of the energy required to make it run. When one spends a dollar, we do not think just about the dollar bill leaving our wallet and passing to some one else
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