Peak oil notes – Nov 5
A weekly review including:
– Production and prices
– A leak from the IEA
Tom Whipple
More natural gas controversy
What Arthur Berman is saying is that natural gas companies that extract shale are mis-estimating how quickly natural gas production will decline in the future–they are assuming gas production will decline more slowly than evidence indicates it will. As a result of their optimistic assumptions about decline rates, they are assuming that shale gas can profitably be extracted for as long as 50 years, when Berman believes the average well life is only about 8 years.
Train, train!! – Nov 5
-The age of the train: myth or reality?
-Buffett gambles £27bn on rail to get back on track
-Buffett’s Bet on Trains
-Is Warren Buffett’s Railway Buy a Billion Dollar Bet on Big Coal?
-It’s Time to Rebuild Our Passenger Railroad System
-India jumps on gold bandwagon but Warren Buffett rides the growth train
Capitalism, love, change, or leave it? – Nov 5
-John Maynard Keynes: Don’t call it a comeback
-Good Capitalism, Bad Capitalism
-Economic growth has let us down. What’s the alternative?
-The Iron Cheer of Empire
-Small Deposits Add Up: Savings, not just loans, factor into microfinance formula
Billy Blundermacher’s Great Corn Cob Fiasco
Billy Blundermacher was maybe not the smartest farmer in Winsome County but contrary to what politicians, prophets, preachers and pedagogues were saying, he knew that 1 plus 1 always equaled 2. Often he wished fervently it were not so, that numbers existed only in the fantasy realm of the Federal Reserve, not the real world.
Decline of the Empire — Now What?
It is now 4 months since I wrote The Decline of the American Empire. The time is ripe for a follow-up. I will tell a sad story first, talk a little about our precarious banking system, and then relate the lessons learned back to my Decline theme. At the end I will talk about what all this means for the loosely structured peak oil “movement”.
Wealth is not wealth
Wealth is not what we are taught. Wealth is a verb, not a noun. Wealth is not stuff; it is a fiercely protected system of concentration. It is the act of the hoarding, and is a pillar of our culture.
Continuously less and less (paper abstract)
The fundamental enabler of our industrialized American way of life is continuous access to enormous quantities of inexpensive nonrenewable natural resources (NNRs)—energy resources, metals, and minerals.
Solutions & sustainability – Nov 4
-Changing a City: Inside Portland’s 80 Percent by 2050 Target
-Zone5 Podcast #1 with Albert Bates and #2 with Noel Carillo
-Urban Permaculture in Clacton-on-Sea
-Toward an Ethic of Place: Experiments in Regional Governance
Nations & resources – Nov 4
-The heart of India is under attack
-Shale gas blasts open world energy market
-Shale gas numbers may not add up
-It’s a dirty business — the new gold rush that is blackening Canada’s name
Barcelona, Copenhagen, and climate change walkouts – Nov 4
-U.N. Signals Delay in Climate Change Treaty
-Republicans walk out of Senate hearing on climate-change bill
-African nations make a stand at UN climate talks
-Senators opposed to the Clean Energy Jobs Act are ignoring the bill’s benefits to Americans
-We only have months, not years, to save civilisation from climate change
Native Recipe for Health
On a stretch of desert near the U.S.-Mexico border, the only eatery on the Tohono O’odham Indian Reservation opened last spring to a full house. The Desert Rain Café brightened a space in a small shopping complex, drawing dozens of curious customers who filled patio tables by noon. Its menu, local by design, featured ingredients from the café’s own farm: desert squash enchiladas, mesquite-flour muffins, hummus made from tepary beans. The café recently extended its hours to take advantage of its booming business.
