Our Finite World

History back to 1820 gives hints regarding what may follow With the recent closure of the Strait of Hormuz, many expect oil prices to spike and stay high.

There have recently been many warnings about near-term oil shortages stemming from the conflict in Iran.

The war with Iran is not going well.

As I will explain, the outcome that looks like losing may actually be the best path forward for the world’s remaining economies.

The underlying problems are energy-related A few years ago, I analyzed the growth of world energy consumption, breaking it down into (a) the growth in energy consumption needed to support the growth in world population, and (b) the growth in energy consum…

We are starting to see the beginnings of deglobalization: Countries are increasingly at odds with each other.

Recently, many people have begun talking about the US having a k-shaped economy.

Summary: Today’s financial system allows many promises of future goods and services.

Economists, actuaries, and others tend to make forecasts as if whatever current situation exists will continue indefinitely or will perhaps improve a bit.

We are at a time when there seems to be far more conflict than in the past.