Tuesday, October 25, 2016

Gail Tverberg: Energy 
Actuary Gail Tverberg returns to provide an update on where we are in the global energy story. Her outlook is not rosy: she doesn't not see a path for society to transition to an affordable, plentiful substitute to petroleum as a transportation fuel. The physics as well as the funding do not pencil out, at least with today's known technologies. Without such a solution in hand, the world finds itself now mired in a scenario where there really is no long-term workable range for the price of oil. It's either "too high" & demand suffers, or "too low" and producers can't afford to extract it. The acceptable middle ground has disappeared .. 46 minutes

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