Even Stephen Roach Has It Wrong

In his latest commentary, Morgan Stanley’s Stephen Roach, perhaps the only Wall Street economist who at least partially comprehends the looming economic danger, once again lamented that a “co-dependent global economy can’t live without the excess consumption of Americans.”

Video: Rep. Bartlett’s Peak Oil Presentation to the US Congress

[UPDATE APR 9 – new date for next speech] On the 14th March Republican Congressman Roscoe Bartlett made a presentation on Peak Oil to the US Congress. Online video of the presentation and a text version with graphics are now available. Rep. Bartlett will be giving a second presentation on solutions in about a week.

Has Ghawar truly peaked?

A monthly publication put out by the Bank of Montreal argues that “Hubbert’s Peak must have arrived for Ghawar, the world’s biggest oilfield, and Wall Street’s most-cited reason for assuring us month after month that oil prices would plunge…”

Prospects in the Post-Petroleum World

The longing for the simpler times of my childhood when the unreliable third world electrical grid went down and my extended family of aunts came outside to sit in the dark and talk to me. It was an awake-to-the-moment, off routine, no TV, intimacy that was somehow magical. This, if we could get through the dark times of loss and chaos, was something to look forward to.