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Carey King Research Newsletter - November 2016:
Happy Thanksgiving week everyone.

Four items for this newsletter:

FIRST, my latest journal publication (on the economy and the food, energy, water nexus) is now in print and free to view online (link here):  King, Carey W.  Information Theory to Assess Relations Between Energy and Structure of the U.S. Economy Over Time. Biophysical Economics and Resource Quality2016, 1 (2), 10. doi: 10.1007/s41247-016-0011-y. 

I summarized some of the main points in the previous newsletter, but I have a more extensive blog entry here.  It is a bit dense, but if you care to understand how energy (and food) costs fundamentally feedback to the economy ... then you will REALLY want to read this post.


SECOND is link to the now functioning webpage for the project I've been working on for the last 3 years, focused on Brazil: CLIMA - Land Water Energy (or http://clima.org.br/en/).  This link describes the purpose and goals of the project (to understand how water and climlate change might affect Brazil's economy and agriculture sectors) that we will close-out with a conference on December 15, 2016, in Brasilia, to report our findings to interested stakeholders in the government, industry, and non-governmental organizations: https://www.linkedin.com/pulse/new-project-clima-land-water-energy-martin-obermaier


THIRD are my blog comments on a recent article entitled "Energy Giant Shell Says Oil Demand Could Peak in Just Five Years".  The article discusses peak oil demand vs. peak oil supply, but really, there is no practical difference.  And due to energetic constraints, a shift to biofuels and/or hydrogen is not an economically advantageous response to lower oil demand. Read further ... 


FOURTH are links to a couple of interesting blog entries from Steve Keen.  If you want to know why macroeconomic modeling is lacking, and why we need research targeting improvements in this area, then read these entries (and then call me!): 
1) Incorporating energy into production functions, explains how macroeconomic theory basically doesn't consider energy as a necessary input to operate the economy, something that is entirely obvious to someone not trained to ignore the obvious.
2) Olivier Blanchard, Equilibrium, Complexity, And The Future Of Macroeconomics: In an article for Forbes, Keen summarizes why mainstream macroeconomics assumption that the economy is in "equilibrium" is another horrible idea that needs to be thrown away. Equilibrium means that things are not changing (or per macroeconomics, the rates of things are not changing), and of course we know that nothing going on in the world is constant (e.g., population growth and decline being the most obvious).
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Thank you very much for your time.  As always, please contact me for more information about how you can be involved in and contribute to my research program and student researchers (they need food!). 

Sincerely,

Carey W. King, Ph.D.
Research Scientist
Assistant Director, Energy Institute, The University of Texas at Austin
careyking@mail.utexas.edu, 512.471.5468, careyking.com
,  @CareyWKing

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My research takes a systems approach to describe the role of energy and energy technologies in our past and future. This approach provides the best way to both address questions about our future economy and environment as well as understand how individual technologies can and cannot affect the macro-scale and long-run trends that will frame our future options. I seek understanding of the relationships among:
  • energy resources and technologies,
  • population demographics,
  • water and food,
  • macroeconomic factors, and 
  • implications of internalizing environmental externalities.

 

To learn more about Carey's research, visit his website or contact him using this information:
e: careyking@mail.utexas.edu      |  web: careyking.com    |     ph: +1 512-471-5468    |    t: @CareyWKing
The University of Texas at Austin, 2304 Whitis Ave, C2400, Austin, TX 78712-1718

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University of Texas at Austin · 2304 Whitis Ave · Stop C2400 · Austin, TX 78712 · USA

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