After the bird strike

Against the backdrop of widespread economic carnage, the fact that global oil production likely peaked last summer seems almost irrelevant. The prevailing meme has long been that since oil created prosperity, peak oil would devastate it-but derivatives launched a pre-emptive strike.

Peak oil – March 29

Matt Simmons sees oil shock from credit crunch
Kurt Cobb: Is thorium an energy alchemist’s dream?
Energy pundits duke it out at Aspen Institute
Social critic James Kunstler offers a decidedly darker view
CBC on peak oil, Transition Town Totnes and Robert Hirsch
Jeff Rubin: Oil scarcity will spell end of globalisation

I am a banker. Some of us did not f*ck up.

I am a banker. I’ve been financing projects in the energy sector for close to 15 years. … Banking has always been both a utility and a casino. … there needs to be a separation once again between the utility bits of banking, and the speculative bits. Both are – or at least, can be – useful, but only one is absolutely necessary, and that fact (the absolute need for a sound basic banking system) cannot and should be hijacked to protect the speculators from the consequences of their bets.

Testimony to the Australian Senate inquiry into public transport funding

I have had 37 years in the oil industry. I was CEO of a large company for the last 16 years and I have just retired. … I would make the following observations: there are virtually no unexplored basins in the world. The ones that there are might be in the Arctic, and that illustrates the point quite neatly because it is obviously really difficult to get that.

Public health and the episteme of growth

Academic public health is ensconced in an institutional matrix of growth. It owes much of its existence to the socioeconomic expansion petroleum facilitated during the 20th century. … The best option I see for academic public health is to reorganize itself around the question: “If growth and economic development as they have been understood are no longer possible, then what kind of public health system is sustainable?”