Why Economic Models Neglect Energy, and Why That’s a Problem
As the Fed raises interest rates to fight inflation, the economic models they use include energy as a small part of the overall picture. Is that model flawed?
As the Fed raises interest rates to fight inflation, the economic models they use include energy as a small part of the overall picture. Is that model flawed?
Released smartly in time for the COP27 climate change conference, the film “The Oil Machine”, presents a stark picture of the imperative to cut our use of fossil fuels, in particular crude oil, but moreover of our utter dependency on the “black gold” for practically all aspects of modern civilization.
We need a realistic plan for energy descent, instead of foolish dreams of eternal consumer abundance by means other than fossil fuels.
either attention to climate change will leave all else in the dust or climate change itself will leave us all in the dust, and how truly sad that would be!
Finding a way out of this “polycrisis” requires a deep transformation in how energy and food are produced and distributed, with actions that challenge corporate control head on.
Colin Campbell, the petroleum geologist who coined the term “peak oil,” has died. He was a co-founder of the Association for the Study of Peak Oil (ASPO) in 2000 and the author of many articles and books on petroleum geology and oil depletion.
Indigenous delegates said they had been amazed at the “wilful ignorance” they encountered when demanding global banks cease financing new fossil fuel projects on their ancestral lands in what is today North America.
Do renewable energy sources generate enough energy ‘profit’ to make them worth continued investment? And is any energy profit large enough to run our modern world, as renewables displace fossil fuels?
On this episode, petroleum geologist Arthur Berman returns to discuss recent diesel shortages and go into depth on the importance of diesel and the complexity of getting it and other products from a barrel of crude oil.
The world faces a “rapidly closing window” to meet the Paris Agreement’s goals, warns the latest “emissions gap” report from the UN Environment Programme (UNEP).
The time is now or never. Cooperation is fundamental to our success, and only by uniting as a human family, on all levels from local to global, can we hope to achieve an equitable and concordant future on our Mother Planet.
On Friday 14 October 2022 a new work of art was created in Room 43 at the National Gallery. It was a collaboration between Phoebe Plummer, Anna Holland and Vincent van Gogh.