Insight and inspiration in turbulent times.
Todd Stein Asian central banks have been financing America’s $500 billion current account deficit mostly via the purchasing of US Treasuries. To get a better grip on this number, try to understand that America needs $1 million of Asian capital every minute in order to maintain its current standard of living.
Signals are growing that oil’s price surge could push all the way to $70 a barrel, according to the technical analysts who forecast market trends by interpreting chart patterns.
Boosting U.S. wind energy installations to approximately eight times
today’s levels could create 150,000 manufacturing jobs nationwide, with
most jobs being added in the 20 states that have lost the most over the
past three years, according to a report released today by the Renewable
Energy Policy Project (REPP).
A study of the organisms that “eat” about half the world’s reserves of oil provides another intriguing contribution to understanding of the extent of global resources.
If we want to know the logically simple but socially very difficult solution, it is conservation. Conservation is not conservative, but something that can only be accomplished through a revolutionary change in society. Whether we can accomplish the social transformation necessary is one issue, but the fact is that an energy soft-landing will require us to dramatically conserve dwindling fossil fuel stocks, by as much as 75%, and begin to think seriously about how to de-link from the growth economy… forever.
Limits to Growth: The 30-Year Update brings data on overshoot and global ecological collapse to the present moment. It provides a short course in the World3 computer model, types of growth, and the various kinds of overshoot likely to occur in the current century.
Royal Dutch/Shell has kicked off auctions for two units worth several billion dollars, to move forward with its plans to sell non-core assets to help fund more upstream oil exploration.
Saudi Arabia produced 9.5 million barrels per day in September, about 250,000 b/d below earlier estimations, Geneva-based tanker-tracker Petrologistics said in its latest report.
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
An off-planet view of economic theory and its applicability when dealing with limited primary resources.
Those who believe that abundant deposits are waiting to be discovered are misguided, said Mr. Buckee, who holds a Ph.D. in astrophysics from Oxford University. “There is precious little in the world now that isn’t known about or hasn’t been tried,” he said. “I don’t think there is going to be any new Middle Easts or Saudis hanging around. There aren’t many unexplored basins.”
