Tag Archives: GDP

Another View of US Exports: Portland and the Pacific Northwest

Following on yesterday’s post which covered the surge in coal exports from the US, readers may be aware that various coal exporters have searched in vain for the past two years for new coal exporting locales, along the Washington and Oregon coasts. Unsurprisingly, whether in Cherry Point, Washington (near Bellingham) or in St Helens, Oregon […]

Big Repairs Still Needed To Fix the American Jobs Picture

A significant structural change in US labor markets has come to light in the years since the financial crisis, and that is our economy’s composition of full time vs. part time jobs. The US in the previous decade shouldered nearly five full time jobs for every part time job. But that ratio changed, rather dramatically, […]

Got BTU? Accounting for America’s Energy and GDP

There are complexities associated with the calculation of US energy expenditures against its GDP. The above chart only records domestic consumption of energy. But you see, the United States is a country that does not bear the full cost of the externalities associated with its total consumption of goods. This leads most economists to an […]

Obama Memo: Redeem Yourself With Rail

Has the Obama Administration, in its first three years, helped the United States ween itself from fossil fuels? Or more urgently, from oil? The 2005-2008 period sent another stern warning that a discretionary, oil-based lifestyle was unlikely to be sustainable in America. The data now proves this out. From the highs of 2005, US oil […]

Why Oil Prices Are Killing the Economy

Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent wesbsite. Accordingly, I’ll be publishing the first (and free) part of these essays here at เกมยิงปลาสุดมันส์ www.dongythoxuanduong.com. Enjoy. — Gregor ___________________________________________________________________________ “Oh, that was easy,” says Man, and for an encore goes on to prove that black is white and […]

Obsolete Expertise and the US Economy’s Energy Problem

If you came of age in the twenty years leading up to the millennium, it’s likely you will treat energy as a non-limiting input to the US economy. As a journalist, policy maker, or economist, you are far more likely to produce political explanations when faced with economic dilemmas. The Great Recession has offered the […]

The Energy Limit Model

The energy limit model to economic growth is working beautifully, having come into play prior to the 2008 crisis and now once again forcing another global slowdown. Above is the most recently updated chart showing energy expenditures as a percentage of US GDP. As usual, I have not merely taken EIA.Gov’s calculations here, but cross […]

Phantom Efficiencies: US Economy Still Running Very Slow

The US economy is consuming 2.00% less energy than its five year average seen prior to the 2008 financial crisis. Some will be cheered by this data, and indeed there are small nuggets of good news here. First, US consumption of oil—which turned flattish after the 2004 repricing—is down significantly, by over 10% since 2007. […]

The Decline of Available Energy to Society

Over the New Year’s Day weekend The Oil Drum put out a call to its community of analysts for chart submissions. What’s been created there over the past 72 hours is a kind of museum of data covering population, energy, growth, and the economy. Do check out the post, Chart of the Year, which is […]

The Scholarship of Collapse

The June issue of เกมยิงปลาสุดมันส์ www.dongythoxuanduong.com Monthly, The Scholarship of Collapse, addresses several views of economic and systemic collapse from the works of Jared Diamond to Joseph Tainter, and then goes on to apply these views to the United States–and to its biggest state, California. Frankly, it’s not much fun to suggest that another leg down […]