Yesterday, Tim wrote about the theory of peak oil. Being an empiricist, I decided to test that theory. And, yes, I am ready to present to the world my results. The experiment (I love experimental economics) involved a large sample (n=30) of 6 oz. glasses with beer poured into them (with about a half-inch head). The experimental subject proceeded to drink the beer at various speeds. In each and every trial "The glass starts full and ends empty and the faster you drink it the quicker it's gone." QED. Due to this proof, I am now a true Peak Oiler. Yet, as a result of my experiment, I doubt if I'll be able to type a decent post for the next several days. And finally, if anyone knows the whereabouts of my car keys and my pants, please let me know.
« Is giving to the environment a substitute for sex? | Main | Book Review »
June 15, 2007
I finally understand peak oil: theory and practice
Posted by John Whitehead on June 15, 2007 at 10:16 AM in Energy Resources | Permalink
Comments
Info
Who Knows What Willingness to Pay Lurks in the Hearts of Men? A Rejoinder to Egan, Corrigan, and Dwyer
by John C. Whitehead, Econ Journal Watch, 14(3): 346–361, September 2017
Buy our books :)
December 2019
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | 31 |
Tietenberg and Lewis, 11th edition
Anderson, 5th edition
Recent Comments
- LawShelf1 on Clean Air Act and Clean Water Act Symposium in Journal of Economic Perspectives
- jroumasset on Nature is hiring an environmental economics editor
- jroumasset on Boyle and Kotchen: The Need for More (Not Less) External Review of Economic Analysis at the U.S. EPA
- Garth Heutel on Daily demand and supply: A simultaneous (and equivalent) increase in demand and supply leads to no change in price
- Garth Heutel on For the 37th year in a row!
- jroumasset on It's time to stop wondering when the renewable switch will occur and start asking how do we manage the transition
- jroumasset on What's up with folks in Hawaii?
- jroumasset on If I'm standing in the bathtub, and the tub fills with water, am I sinking?
- PaulS on Here we go again: DRIVE LESS! is the answer
- jroumasset on Hey #EconTwitter (and blog readers), I'm curious as to your reaction to this principles-level definition/discussion of efficiency (and equity) and ultimately the definition of the study of economics
Rankings
"This blog aims to look at more of the microeconomic ideas that can be used toward environmental ends. Bringing to bear a large quantity of external sources and articles, this blog presents a clear vision of what economic environmentalism can be."
Categories
- Agriculture
- Air Quality
- Answer Desk
- Attempt at humor
- Beer
- Benefit-cost analysis
- Book Reviews
- Books
- Cap-and-Trade
- Cap-and-Trade Watch
- Carbon Tax
- Climate Change
- Coastal management
- Contingent valuation
- Contributors
- Current Affairs
- Deepwater Horizon blowout
- Demand and Supply
- Dubious to hopeless
- Ecological Economics
- Econometrics
- Ecosystem Services
- Energy Resources
- Film
- Fishery Resources
- Food and Drink
- Forestry Resources
- Games
- Gas Tax
- Government Policy
- Guest Post
- Health Effects
- Humor
- Just Because
- Kahn
- Land Resources
- Macroeconomics
- Marine Resources
- Microeconomics
- Movies
- Murder
- Music
- Natural Hazards
- navel gazing
- Off topic (e.g., personal)
- Outdoor Recreation
- Peak Oil
- Policy Benefits
- Policy Costs
- Politics
- Public Humiliation
- Puerile Humor
- Recipes
- Recommended Reading
- Religion
- Research
- Science
- Self-loathing
- Solid Waste
- Sports
- Sustainability
- Teaching
- Television
- The Energy Collective
- Tourism
- Trade
- Transportation
- Travel
- Value of statistical life
- Water Quality
- Water Quantity
- Weather
- Web/Tech
- Weblogs
- Wildlife Resources