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Reality Report: Natural Gas Cliff and Credit Situation

By Jason Bradford, originally published by Reality Report

January 30, 2009

NOTE: Images in this archived article have been removed.

Image RemovedIn this edition of The Reality Report host Jason Bradford interviews Nate Hagens. In a show broadcast over a year ago Nate described the financial deleveraging process and how this could lead to commodity deflation, including “$50 oil.”

Topics in this program include how the current financial meltdown may impact the timing and severity of peak oil and natural gas–including the dreaded “natural gas cliff” as rigs go idle due to low prices. We discuss whether this means economic growth is now over, and if so, how should societies adjust?

Nate is a former Wall Street investments manager and has an MBA from University of Chicago. He is working on his doctorate at the University of Vermont’s Gund Institute for Ecological Economics. Nate is also an editor for The Oil Drum, an online source for news, analysis and discussions about energy and our future. www.theoildrum.com.

Jason Bradford

Dr. Jason Bradford is an organic farmer, and manager of Confluence Farms near Corvallis, Oregon. He has been affiliated with the Post Carbon Institute since 2004, initially as a Fellow. He is currently Board President and a co-host of the Crazy Town podcast. In 2019, he authored The Future is Rural: Food System Adaptations to the Great Simplification. Prior to his switch to agriculture, he was a research biologist studying evolution, ecology, and global change.

Tags: Fossil Fuels, Natural Gas

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