Oil Depletion Economics 101

After constructing several alternative scenarios [for the economic impact of an oil crisis], it became abundantly clear they all produced results that were strikingly similar. Every scenario produced higher rates of inflation and unemployment with declining GDP. The only real difference was in the timing and degree of severity.

Cuba: the accidental revolution

The Nature of Things with David Suzuki celebrates Cuba’s success in providing for itself in the face of a massive economic crisis, and how its latest revolutions, an agricultural revolution and a revolution in science and medicine are having repercussions around the world.
Part 1: 7pm July 30 CBC
Part 2: 7pm August 6

Climate – July 30

Heatwave with a global grip / Methane makers yield to science / How global warming has thrown nature into disarray (Scotland) / Acid waters, dissolving shellfish / Capital pollution solution? (carbon trading)

A tank of gas, a world of trouble

What does it take to quench America’s mighty thirst for gasoline? Pulitzer-winning correspondent Paul Salopek traced gas pumped at a suburban Chicago station to the fuel’s sources around the globe. In doing so, he reveals how our oil addiction binds us to some of the most hostile corners of the planet—and to a petroleum economy edging toward crisis. [A milestone in U.S. coverage: multiple articles and high-quality online video. Topics include peak oil, urban sprawl and Saudi reserves.]