Comments on: Energy Policy: The Conservation Bomb http://seekerblog.com/archives/20050329/energy-policy-the-conservation-bomb/ Seeking reliable, objective sources on economics, foreign-policy and energy-policy issues. Sat, 20 Mar 2010 19:26:07 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Brian H http://seekerblog.com/archives/20050329/energy-policy-the-conservation-bomb/comment-page-1/#comment-138 Brian H Thu, 31 Mar 2005 00:51:27 +0000 http://seekerblog.com/archives/20050329/energy-policy-the-conservation-bomb/#comment-138 The increasing efficiency isn't just applied to a static standard of living, of course; much of it is eaten up in upgrading (increasing) devices which require it, or which generate $1 of GDP. It would be interesting to combine these numbers with some of the new accounting initiatives, which greatly expand the factors taken into account in computing GDP-like figures. BTW, for ease of computation, there is something called the Rule Of 72. Divide 72 by either the compounding rate or the number of periods to get the other required to double a starting figure. E.g.: 2%/annum doubles in 36 years; 12% doubles in 6 years, etc. The increasing efficiency isn’t just applied to a static standard of living, of course; much of it is eaten up in upgrading (increasing) devices which require it, or which generate $1 of GDP. It would be interesting to combine these numbers with some of the new accounting initiatives, which greatly expand the factors taken into account in computing GDP-like figures.

BTW, for ease of computation, there is something called the Rule Of 72. Divide 72 by either the compounding rate or the number of periods to get the other required to double a starting figure. E.g.: 2%/annum doubles in 36 years; 12% doubles in 6 years, etc.

]]> By: New World Man » Blog Archive » Beating peak oil with capitalism http://seekerblog.com/archives/20050329/energy-policy-the-conservation-bomb/comment-page-1/#comment-137 New World Man » Blog Archive » Beating peak oil with capitalism Wed, 30 Mar 2005 11:26:51 +0000 http://seekerblog.com/archives/20050329/energy-policy-the-conservation-bomb/#comment-137 [...] did not end for lack of coal. The oil age will not end for lack of oil. UPDATE: Followup post by Steve D. with a reference and longish quote on conservation [...] [...] did not end for lack of coal. The oil age will not end for lack of oil. UPDATE: Followup post by Steve D. with a reference and longish quote on conservation [...]

]]>