Overly simple energy-economy models give misleading answers

It is not intuitive, but complexity-related issues create a situation in which economies need to grow, or they will collapse. See my post, The Physics of Energy and the Economy. The popular idea that we extract 50% of a resource before peak, and 50% after peak will be found not to be true–much of the second 50% will stay in the ground.

~ Gail Tverberg from, Overly Simple Energy-Economy Models Give Misleading Answers | Our Finite World

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