Insight and inspiration in turbulent times.
I personally support the spirit of Occupy Wall Street, especially the spotlight it has cast on the shocking level of inequality in our country. But the movement oddly conveys a very mainstream message that Wall Street can and should be fixed. Just clean up our existing financial institutions – make them more accountable, honest, transparent – and all will be well. Really?
I think it would be smarter to end our relationship with Wall Street. Just say “no.”
A weekly roundup of peak oil events, including:
-Oil and the global economy
-The EU debt crisis
-Iran’s nuclear program
-China
-Quote of the week
-Briefs
It has been interesting to note that most of those I have met at OccupyLondon hadn’t previously heard of Transition, and that got me thinking about the parallels and differences between the two movements…
More evidence for the disconnect between Nymex (WTI) and Brent prices surfaced this week. Although the spread has narrowed, Nymex rose to $94.16/barrel, almost seven dollars more than it was two weeks ago in my as Saturday report. Brent came in at $112.55, only a few dollars higher than it was on October 22. The alarm level remains the same.
A research study challenged the concept that “Peak Oil” will be a supply side phenomenon and predicts that the demand for oil may well peak before 2020 and then fall back to levels significantly below 2010 demand by 2035.
“The world is nearing a paradigm shift in oil demand,” said Peter Hughes of Ricardo. “The predominant role of oil in the global energy mix is facing an ever greater challenge from a number of emerging trends. Over the past few years a near ‘perfect storm’ for oil demand has been forming and gathering strength, created by a preoccupation in many quarters about the availability of future supplies.”
– How I Got Off My Computer And Onto The Street At Occupy Oakland
– Anthropologist Graeber Turns Radical Side Loose in Zuccotti Park Protest
– #Occupy and Transition: resources for creating lasting change
– Jan Lundberg: How The Occupy Movement May Be Off-Base, and How It Can Evolve
– What’s the Black Bloc? And why is it important for the fate of the Occupy Movement? (links)
– Kurt Cobb: Time to Worry: World Oil Production Finishes Six Years of No Growth (NEW)
– Steve Levine’s Weekly Wrap of energy news
– ASPO-USA Conference Report: Friday Notes
– Gail Tverberg: New Dept. of Energy Priority-Setting Analysis Seriously Flawed
– Reuter’s Exclusive: IEA draft outlook sees $212 oil in 2035
– NYT: Occupy Wall Street Protest Reaches a Crossroads
– Occupy Wall Street Ads Hit TV This Weekend
– The Audacity of Occupy Wall Street
– Will Extremists Hijack Occupy Wall Street?
The Occupy Movement is the most significant development of the year – together with Arab Spring and the Indignados protests in Mediterranean countries. Occupy is important for those of us who follow Peak Oil and Transition, because it has the potential to change the political equation. As the rising price of oil and other commodities continues to threaten living standards in the US and other countries, protest movements are inevitable.
The Occupy Movement has struck a chord with the “99 percent.” Occupy Oakland, for example, saw somewhere between 5,000 and 25,000 people out in the street during the General Strike there Wednesday, November 2. I was struck by the presence of the black clad groups that appeared in the midst of the demonstration to trash stores, break windows, etc. These are the Black Bloc, a phenomenon which first appeared in the 80s and has been with demonstrations across the world ever since. How the Occupy Movement deals with the Black Bloc is critical for its future.
Below is a collection of excerpts/links for those who wish to learn more.
– Greenhouse Gases Have Surpassed the Worst-Case Scenario
– Ugo Bardi: Burning the skeptics: a false flag campaign against the concept of man made global warming
– Keystone XL: Game over?
The Occupy Wall Street movement arose in response to the economic crisis of capitalism, and the way in which the costs of this were imposed on the 99 percent rather than the 1 percent. But “the highest expression of the capitalist threat,” as Naomi Klein has said, is its destruction of the planetary environment. So it is imperative that we critique that as well. (Also – video of a talk by Fred Magdoff)
– ASPO-USA Conference Report: Thursday Afternoon Notes
– The six natural resources most drained by our 7 billion people
– Peak Oil – Herausforderung für Sachsen: Bündnis90/Die Grünen präsentieren Studie des Postfossil-Instituts im Landtag
