WORSENING STRESSES IN AN INFLECTING ECONOMY As almost everyone must have noticed by now, economic and broader affairs are in a strange state of uneasy limbo. The economy certainly hasn’t ‘collapsed…
Oh for sure. But someone needed to point out the projections are predominantly imaginary just to make sure there is a voice of reason to shooting in the dark and blindly claiming they got a bullseye.
But the actual data is interesting. And can be useful for current trends but wish it was without far flung hypotheses.
The author has been working on the SEEDS model for about two decades. The projections are reasonable, since it is about lack of new fossil energy reserve discovery at long-term declining EROEI and new growth coming largely from debt. The fight of technology against geology has been valiant, but ultimatively doomed. If anything the model is perhaps too conservative, since it underestimates EROEI decline and does not address the Seneca effect.
See the other posts in this community for different angles on the same problem.
I ignored all the projections but the data is compelling up too that point.
Oh for sure. But someone needed to point out the projections are predominantly imaginary just to make sure there is a voice of reason to shooting in the dark and blindly claiming they got a bullseye.
But the actual data is interesting. And can be useful for current trends but wish it was without far flung hypotheses.
The author has been working on the SEEDS model for about two decades. The projections are reasonable, since it is about lack of new fossil energy reserve discovery at long-term declining EROEI and new growth coming largely from debt. The fight of technology against geology has been valiant, but ultimatively doomed. If anything the model is perhaps too conservative, since it underestimates EROEI decline and does not address the Seneca effect.
See the other posts in this community for different angles on the same problem.