Limits We are Reaching – Oil, Debt, and Others
The world is clearly reaching many limits. What limits are the human and natural systems reaching now?
The world is clearly reaching many limits. What limits are the human and natural systems reaching now?
Oil pundits and politicians are pushing the idea of United States energy independence due largely to the current boom in hydraulic fracturing. But behind the rhetoric, is there any truth to these claims?
Contrary to the views of some ill-informed journalists and politicians, there are many places where the international momentum is swinging rapidly towards — not away from — a swift transition to a post-carbon economy.
G8 leaders meeting last weekend in Camp David will have been cheered by the recent slide in oil prices – albeit that the weakening in price is largely a consequence of the increasingly dire economic news. Nevertheless the group issued a statement to the effect that should the price start heading back in the other direction they will be calling on the IEA to take action…
You’ve heard of CEO Mark Zuckerberg and Facebook’s 900 users exchanging gossip and other personal pleasantries or worries through a medium that inflates narcissism. You’ve probably not heard of Ben Rose of the New York City Materials Exchange Development Program (NYC MEDP) or the equivalent organizations in your communities providing services to thousands of charitable non-profit groups which promote the donating and reusing of materials to avoid incineration, landfilling and recycling.
The local Transition group’s brand new community garden needed raised beds. So we tried a couple different ways to get them.
Whenever the U.S. supply of imported oil is threatened with interruption (or if the U.S. economy should recover much), the global marketplace bids up the oil price, and the politically sensitive price of gasoline will rise in step and depress consumer spending. Whenever the world oil price is high enough, it can cause an economic crisis. In this case global demand may contract sharply, as it did in 2009. The price can never rise for long above what the global oil market can bear.
There’s been a lot of excitement in the past year over the rise of North American oil production and the promise of increased oil production across the whole of the Americas in the years to come. National security experts and other geo-political observers have waxed poetic at the thought of this emerging, hemispheric strength in energy supply. What’s less discussed, however, is the negligible effect this supply swing is having on lowering the price of oil, due to the fact that, combined with OPEC production, aggregate global production remains mostly flat.
But there’s another component to this new belief in the changing global landscape for oil: the dawning awareness that OPEC’s power has finally gone into decline.
There are times, at least for me, when the fate in store for industrial society can be seen with more than the usual clarity. I’m thinking just now of the time I looked out a train window and saw an abandoned factory, not yet twenty years old, with foot-high saplings rising incongruously from the gutter around the roof; or of another time, in a weekend flea market here in Cumberland, when I found a kid’s book on space travel I’d loved as a child, flipped through the pages, and found myself face to face with the gap between the shining future we were supposed to have by now and the mess that was actually waiting for us when we got here.
Germinating your seeds is fun and easy, however methods vary by plant type. Seeds of annual plants have a shallow dormancy and do not need a winter to germinate, they only live one season. Annuals generally are buried to a depth equal to the size of the seed in moist well drained soil. Some, like tomatoes and peppers, require warm soil or a heat mat to germinate.
So with the return of spring comes the return of Occupy, which by and large, is probably a good thing. OWS deserves some props for drawing attention to inequity, for bringing radicalism back, and for showing a very complacent corporate and political leadership that the people still have bite in them. Generally speaking I approve of Occupy.
One of the things I don’t approve of, however, catchy as the framing is, is the “1% vs. 99%” rhetoric. The reason I don’t is that I think it functionally masks really deep inequities — by putting the second percentile together with the 92 percentile, it implies a fundamental symmetry between people who are truly and deeply poor and those who are more than comfortable.
During the last six years the world’s production of oil has, overall, been flat. From 2005 up to and including 2010 annual it was around 81.5 Mb/d with top production in 2010 at 82.1 Mb/d. World oil production has never been greater than in that period. We describe the maximum rate of oil production from an oilfield, region or the world as “Peak Oil”.