Energy and the Financial System : What Every Economist, Financial Analyst, and Investor Needs to Know
Overview
Chapter 1. The Nature of the Problem
Chapter 2. It takes Energy to get Energy
2.1. A very short history of Humanity and Energy Return on Investment
2.2. The Fossil Fuels: 86.6% of human society's usage
2.2.1. Oil: EROI 18:1 and rapidly declining; 32.6% of energy usage
2.2.2. Coal: EROI 20-80:1 and slowly declining; 30.3% of energy usage
2.2.3.Natural Gas: EROI 10:1 and declining; 237% of energy usage
2.3. Hydro & Nuclear: 11.3% of global energy usage
2.3.1. Hydroelectricity: EROI 12:1 to 267:1 and stable; 6.4% of energy usage
2.3.2. Nuclear: EROI about 5:1 with large uncertainties; 4.9% of energy usage
2.4. Non-Hydro Modern Renewable Energy: 2.1% of global energy usage
2.4.1. Wind: EROI Averaging 18:1; approximately 1% of energy usage
2.4.2. Bio-Fuels: EROI 1:1 to 18:1; approximately 0.5% of energy usage
2.4.3. Solar: EROI between 2:1 and 12:1; less than 0.5% of energy usage
2.4.4. Wave: EROI not available; negligible % of energy usage
2.4.5. Geo-Thermal: EROI not available; negligible % of energy usage
2.5. Summary
Chapter 3. It's the flow stupid
3.1. Introduction
3.2. Oil: Probably Already Peaked
3.3. Natural Gas: More flow possible, and some substitution for oil as a transport fuel
3.4. Coal: The Old Workhorse Still Has Something Left3.5. Hydroelectricity: Small Increases Possible
3.6. Nuclear: New Capacity significantly offset with retirements
3.7. Wind: Could provide a useful percentage of energy needs
3.8. Bio-Fuels: From Really Small to Small
3.9. Solar: From Tiny to Really Small
3.10. Wave: Really Tiny to perhaps Tiny
3.11. Geo-Thermal: Tiny, unless you live in Iceland
3.12. Summary
Chapter 4. A Financial System Addicted to Exponential Growth
4.1. Introduction
4.1.1. Limits on Energy Availability
4.2.2. The Financial System as a Time Machine
4.2. Share Prices
4.3. Bond Prices
4.4. Mutual Funds
4.5 Pension Funds and Annuities
4.6 Insurance Companies
4.7. Bank Lending
4.8. Investment Decisions
4.9. Summary
Chapter 5. So What Can I Do?
5.1. Introduction
5.2. Reducing Exposure to Fictitious Assets
5.3. Location, location, location
5.4. Outlook for Change: Cognitive Dissonance, Vested Interests, and Inertia
5.5 Nature of Collapse
5.6. Summary
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Details
- ISBN-13: 9783319042374
- ISBN-10: 3319042378
- Publisher: Springer
- Publish Date: February 2014
- Dimensions: 9.21 x 6.14 x 0.19 inches
- Shipping Weight: 0.3 pounds
- Page Count: 80
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