This is the third in an on going series of interviews with some of the leading scientists and thinkers on the subject of energy. The first was with Dennis M.
Gail Tverberg
Member since: 2016
My background is as an actuary, making financial forecasts for the insurance industry. In 2015, I began investigating how the limits of a finite world might affect the financial system, oil companies, and the power industry. I have come to the conclusion that the limits we are reaching are affordability limits, rather than the common view of running out. To be useful, energy of any kind must be inexpensive to produce; otherwise, its use will lead to recession and a shrinking economy. There is also a danger that the competitively set price will fall below the price level needed for energy producers to make a profit. If this happens, there is a danger of collapse from inadequate prices.