…is Jevons’ Paradox.
From a recent post on The Oil Drum,
In his 1865 book “The Coal Question: An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of our Coal-Mines,” English economist William Stanley Jevons made the observation “Of the Economy of Fuel” that when improvements in technology make it possible to use [...]
Renewable energy is often touted as the future because it has lower CO2 emissions or “can solve our energy scarcity problems because it will replace oil”. Unfortunately, renewable energy is far from solving those massive problems. Solar, wind, geothermal, tidal, etc… all require tremendous amounts of oil to get their infrastructure up and running, emitting [...]
Chris Martenson has been working to raise awareness of the coming economic transition for a while now through videos like his Crash Course series, which explains fundamentals of money creation, net energy and environmental depletion. This is a great ten minute summary of net energy and the crisis we are about to face. All the [...]