Environmental Economics

DECEMBER 6, 2013

In Part 1 of our Hotelling's Rule explanation , we laid out the basic economic observation that for a non-renewable, exhaustible resource with completely known stock, no discoveries possible, no alternatives, no recycling, private ownership and constant costs of extraction, the price of the resource will increase at the interest rate over time.  The complete stock of the resource is fully known and there is no more. There are no alternatives to the resource.

2013 162

2013 Alternative resource Alternative Fossil Fuel 162

Environmental News Network

MARCH 18, 2014

If you haven’t guessed it by now, Google invested specifically in clean wind power — $275 million in Texas resources alone. In addition, Google heated things up by including solar energy resources in the mix. The Benefits of Alternative Resources.

Clean Energy 112

Clean Energy Clean Energy 2014 112

Green Prophet

MAY 31, 2014

Shipping box homes make sense where containers are available and alternate resources scarce, but it’s still cheaper and less energy consuming to build a structure using traditional framing or concrete block.

2014 107

2014 Ban Banned Banning 107

Environmental Economics

DECEMBER 2, 2013

  OK, it wasn't really over the Hotelling rule , but it was about Hotelling-like predictions of changes in depletable resource prices.    One observable indicator of Ehrlich's and his colleagues' dire predictions would be the Hotelling-like rise in depletable resource prices over time.    As resources become more scarce (reach their natural limits), prices would have to rise. 

2013 135

2013 Earth Miami Capitalism 135

Environmental Economics

OCTOBER 18, 2017

The important corollary to the Hotelling rule regarding transition to alternative fuel sources is: As the price of the depletable resource rises and/or the price of the alternative resource decreases, incentives are created to switch between the resources. 

2017 208

2017 Fossil Fuel Alternative resource Greenhouse gas 208