Insight and inspiration in turbulent times.
We’re excited to announce the publication of our first Community Resilience Guide: Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity by PCI Fellow Michael Shuman. This book series will be part of a larger new effort we have launched—the Community Resilience Initiative.
On Feb. 6th, Dr. Marcia McNutt, Director of the US Geological Survey, delivered a lecture at IU entitled “US Energy Outlook: Whatever Happened to ‘Peak Oil?’” According to the press release announcing this talk, “Not so many years ago, the public heard much concern that the nation, and the globe, had or was about to reach the point of peak oil production and would be on a downward trajectory due to declining resources. The current fact is that despite growing demand for energy, fossil fuel resources have never been higher.”
The main problem with Dr. McNutt’s talk is that it was based on a critical evasion. “Peak oil” is not simply about the resource base – it’s about the flow rate of petroleum. More ominously, it suggests that officials in positions of national responsibility cannot or will not level with the public.
On Thursday 23 February a panel of experts including representatives from all the 27 EU member nations voted on the position they would take to a suggestion that Canada’s oil sands be classified as a dirtier fuel than conventional oil. The vote did not give either side of the question a qualified majority – 54 experts agreed with the suggestion while 128 disagreed. I do not know if Canada’s threat of, among other things, trade sanctions was decisive but obviously Canada was concerned.
We may not be able to beat the banks, but we don’t have to play their game. We can take our marbles and go home. The Move Your Money campaign has already prompted more than 600,000 consumers to move their funds out of Wall Street banks into local banks, and there are much larger pools that could be pulled out in the form of state revenues.
Gas prices are going up again, resulting in a lot of discussion by people who don’t normally think about the oil markets, and therefore aren’t necessarily that well informed about the subject. As a certified oil-obsessive these last seven years, I thought I’d put up a “cheat sheet” with just the key graphs that would allow you to understand the major forces that affect the behavior of gas prices over time.
Who’s right? Gordon Gekko (greed is good) or Tim Jackson (prosperity without growth)? It should be a simple question, but the answer is not so clear.
This is such a colossally immoral and unethical act — collectively and in many cases individually — that most people, including the overwhelming majority of the so-called intelligentsia, simply choose to ignore it on a daily basis. That won’t save a livable climate, however, nor it will stop future generations from cursing our names.
And so it is not surprising that many immoral and unethical acts that regularly occur on a far less grand scale are condoned or winked at or simply ignored.
If Transition is to succeed – to deliver on its promise of happier, more resilient communities – then it’s always seemed obvious to me that the work we do is fundamental to this change. If we can find ways to create enough work that contributes to the resilience of our area, that is more fulfilling, in tune with our own particular skills and values, and that pays the bills, then many of the outcomes we want will naturally emerge.
These overview books on starting up a smallholding/homestead/small farm/urban sustainable oasis are often the first books any of us come to, precisely because we need that encyclopedic breadth so badly – eventually we may need to know more about growing melons or delivering a calf or butchering a rabbit or canning pickles – in fact, most of us end up with specialist books on all these things. But at first the best of these books give you a picture of the whole range of the work you are entering into – and that’s what a lot of us need.
Let’s not be shy about the matter; the dominant picture of agriculture in this country is pretty grim. Set upon the foundations of unequal land distribution, the expansion of neo-liberal policies into agriculture since the 1950′s have accounted for a halving of agricultural employment, the systematic industrialisation of farming techniques, the consolidation of larger farms and the tightening of corporate control on food markets. We have been left with an economy in which new entrants to farming can expect to pay up to £10,000 an acre for land but receive less than 10% of the money spent on food by consumers.
The global economy grew 3.8 percent in 2011, a drop from 5.2 percent in 2010. Economists had anticipated a slowdown, but this was even less growth than expected, thanks to the earthquake and tsunami in Japan, unrest in oil-producing countries, the debt crisis in Europe, and a stagnating recovery in the United States. As richer economies struggle to recover from the financial crisis of 2008–09, poorer countries are facing high food prices and rising youth unemployment. Meanwhile, growing income inequality and environmental disruption are challenging conventional notions of economic health.
Rising oil and gasoline prices are of concern to many people today. I see three basic issues involved: “Stalled out” growth in world oil supply, concerns about Iran, and artificially low interest rates. In my view, the biggest contributor to high oil prices is the first one–stalled out oil supply. At this point, the interaction between oil demand and oil supply does not work in the way most people expect it would. Even if the price of oil rises, world oil production doesn’t increase by very much, if at all.
