Insight and inspiration in turbulent times.
Dmitry Orlov Are you still talking about Cyclone Nargis? Have you ever heard of Cyclone Nargis? Here’s a reminder: on 1 May 2008 a weakening low-pressure system suddenly picked up energy as it approached Burma from the Bay of Bengal…The Irrawaddy Delta was devastated, causing at least 140,000 human deaths. Most of us have forgotten about it.
As I watched the recently released film about Amelia Earhart, I couldn’t help thinking about parallels between her journey and ours as an industrial culture.
How will our well-being be affected by the expected growth in population? How will this affect our food supply, our climate, our economy and our hopes for peace? In Copenhagen the hungry will prioritise more food on the table before an unaltered climate. The poor nations want economic growth and we all know that this requires more fossil energy use.
As peak oil sets in while the world is growing thirstier for oil, what benchmark should be used to assess if you are weaning yourself from oil?
The IEA 2009 World Energy Outlook, the report which informs energy policy for 28 nations, was released on Tuesday in London. The report’s key focus this year was climate change…
This is part 2 of my post on oil demand. This time I look at the Non-OECD demand and how it may impact global oil demand. Based on data from the 2009 BP Statistical Review, the OECD oil consumption in 2008 decreased by -3.2% while demand within emerging economies increased by +3.1%. The report also indicates that oil production from OECD countries has been declining since 1997 and is now below 23% of the world production.
I read Sally Erickson’s post on Energy Bulletin, and as a clinical psychologist, I gotta tell you, I found it sort of depressing. It wasn’t her criticism of psychotherapy. I understand her point about psychotherapy not healing a sick culture. James Hillman made the same point in “One Hundred Years of Psychotherapy and The World’s Getting Worse.” But golly, if we’re here anyway, shouldn’t we have some role as Peak Shrinks while the world as we know it collapses around us?
Occasionally, you just need to avoid saying Peak Oil. In some company, it’s tantamount to betrayal, in others, too much like a fart at the dinner table. Other people believe peak oil is the realm of cults and conspiracy theorists, and as such, if you want to discuss it without an auto-reflex of denial on the part of your communication partner, you have to use some other terms.
According to Nobel Laureate Joseph Stiglitz and Harvard economist Linda Bilmes, the Iraq War cost three trillion dollars. While much of the money used to conduct the war was borrowed (most notably from Chinese institutions), ultimately American taxpayers will be responsible for many years to come for footing the bill, including the high interest payments on the funds loaned.
A front page report November 9, 2009 in The Guardian tells us that “Key oil figures were distorted by US pressure, says whistleblower.”
-IEA Whistleblower Claims Agency Has Downplayed Looming Oil Shortage
-“It’s Really Bad” – Oil Supplies Intentionally Overstated
-Looming oil crunch played down: IEA whistleblower
-Did the US pressure the IEA over oil supply forecasts?
The claim that market forces will inevitably take care of energy shortfalls due to peak oil is common enough these days. Unfortunately for such optimistic notions, there’s reason to think that in an environment of economic contraction caused by geological limits to energy, market forces may well push money away from any investments that could help the situation.
