Dr Tim Morgan, former head of research at Tullett Prebon, has spent several years now working on a new economic model that accounts for energy production--specifically, the Energy Cost of Energy (ECOE). This is similar to the concept of EROI/EROEI--Energy Return on Energy Invested. 

His website has some interesting articles based around his findings and expectations for the global economy as the ECOE continues to rise. He just posted a summary post that might interest some. Link below:

#175 - The Surplus Energy Economy

Hello, 

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Cheers,
Kai