- QotD: Most people are easy enough to talk to, and once the sex is over it is just pillow talk and back rubs. http://gu.com/p/3xxhy/tw ->
- What Matters: What’s the biggest limit on city growth? (Hint: it's not steel or cement) http://t.co/bfrc0Oe ->
- The economics of peak oil http://t.co/CZgVSUp ->
- July 2011 Global Weather Extremes http://t.co/Kk2QODB ->
- Barry Schwartz: Practical Wisdom, & Making Good Choices http://t.co/1gIfxwl ->
- Basketball scoring in NBA games: an example of complexity http://t.co/pndPcIk ->
- Onset of coherent attitude layers in a population of sports fans http://t.co/RJrz6KA ->
- Detection of Crashes and Rebounds in Major Equity Markets http://t.co/WT32lA7 ->
- El-Erian: U.S. Downgrade Heralds a New Financial Era http://t.co/rYjZYJB ->
- Why tennis players, but not soccer players, have asymmetrical asses – http://goo.gl/fb/UaTU2 ->
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That "economics of peak oil" paper is interesting, but I think it still misses the key point of what it refers to as "peak oil literature." Whether you want to talk about how extraction rates will decline at constant extraction costs, or instead talk about the increases in extraction costs necessary to keep up with demand, either way you're talking about the same problem. The problem is that the "easy" oil fields are all nearing their declines in extraction rates, and it in order to maintain the current rates (or increase them to meet demand), you'd have to increase prices in a way that destroys demand and causes recessions. I.e., an "undulating plateau" with a downward slope.