Year: 2011

How big is Exxon’s gamble in Kurdistan? (Answer: BIG)

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Has ExxonMobil — the annoyingly prissy schoolboy who always obeys the teacher — risked weakening one of its distinguishing pillars in order to break into a single oil patch? And if so, could that shake up the global oil market along with geopolitics?

We are referring to the news, indiscreetly disclosed by a Kurdistan official last week, that the northern Iraqi region has signed an oil exploration agreement with Exxon. The reason this is a problem is that Kurdistan has been in a long-standing turf war with the folks in Baghdad over how to divide the spoils from its hydrocarbon riches.

Climate – Nov 26

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– CO2 sensitivity possibly less than most extreme projections
– Ice age analysis suggests global warming may be less severe than predicted
– Chris Huhne: a new global climate change treaty is not a luxury
– At Durban, the Big Emitters Will No Doubt Fail Us Again on Climate Change

“Demand-side” economics and the liberal denial of reality

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To the extent that liberals cling to the notion of demand as the source of all economic problems, their thinking will become increasingly irrelevant to future debates. In a way that is equally alarming, conservative economics, even it its most naïve and populist forms, are more likely to find a prominent place in serious discussions about the economy in this future. The conservatives have ventured on to the near side of the supply and demand equation, though in a highly troubling way.

Why is economic growth so popular?

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The growth stimulating strategy only buys time (and buys it at a high price). Nothing that governments or financial traders do can change the thermodynamics of the world system – all what they can do is to shuffle resources from here to there and that doesn’t change the hard reality of depletion and pollution. So, pushing economic growth is only a short term solution that worsens the problem in the long run.

The Energy Return on Investment threshold

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Hall and Day (2009) report that the Energy Return on Energy Invest (EROI) for coal might be as high as 80 and that for hydropower, EROI is 40. Does this mean that coal is twice as ‘good’ as hydro? The answer is no, and in this post I will discuss how this relates to the idea of an EROI Threshold

Monday Mayhem: Occupy Wall Street on Common Sense and Equal Time Radio

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It’s another edition of Monday Mayhem, where talk radio hosts Rob Roper and Carl Etnier are guests on each others’ shows. Roper hosts Common Sense Radio on WDEV, Waterbury, Vermont, and the show’s focus is “improving the economic well being (sic) of Vermonters through reliance on free markets, limited government, and fiscal responsibility.” Etnier hosts the Monday edition of Equal Time Radio, focusing on energy, food, and the local economy at the end of the age of oil. The theme this Monday Mayhem is Occupy Wall Street.

The seven ages of Transition

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While there has been much discussion in terms of Transition and diversity over the past few years, little has been said about the issue of age. It’s not something we’ve explored here at Transition Culture in the past. Sometimes it is suggested that Transition only appeals to older people, whereas Occupy, for example, tends to attract more younger people. But is that the case? Is it that straightforward? How might Transition best serve people at the different stages in their lives, and what might they, in turn, bring to it? What are the things that attract people of different ages and what do they hope to get out of their engagement?

Bringing It Down To Earth

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The last two months of posts here on The Archdruid Report have focused on the murky interactions between the crisis of the industrial world and the deep structures of our minds — and the ways in which those deep structures have been manipulated by marketers and advertisers at the bidding of competing political and economic interests. Abstract as though these issues may seem at times, they link up directly to the most practical issues we face at the end of the age of cheap energy — and the link between them has very often been the missing piece in proposals for dealing with the challenges of the future.

Don’t Panic!

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Talk about stockpiling food brings home the seriousness of the situation, the potential for disorder to descend on our society with terrifying speed. The threat of chaos and awareness of how close it is, triggers panic, an instinct to flee, to jump around, lose all sense of place and direction. Oooft. Stop and breathe. The scary thing about Transition is that so many well-informed, intelligent individuals share the conviction we’re on extremely dangerous ground. It would be such a relief to be able to dismiss it as a paranoid delusion.

Fracking Gas = Climate Crash

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For years, governments, industry, and TV ads told us natural gas is the safe bridge fuel while we move away from dirty coal and oil. Cornell University scientist Robert Howarth wondered “Is that true?”…Program includes 27 minute speech by Professor Robert Howarth of Cornell at ASPO USA 2011, November 2nd in Washington D.C. recorded by Carl Etnier of Equal Time Radio, Vermont…Then a follow-up interview this week with Robert Howarth, to fill in his hurried climax of the speech…that methane emissions, when calculated over 20 years…could add up to at least 44% of all greenhouse gas emissions in the United States!