Reality Report: Natural Gas Cliff and Credit Situation

In this edition of The Reality Report host Jason Bradford interviews Nate Hagens. Topics in this program highlight how the current financial melt down and impact the timing and severity of peak oil and natural gas–including the dreaded “natural gas cliff” as rigs go idle due to low prices. We discuss whether this means economic growth now over, and if so, how should societies adjust?

Frugal is the new black

This new year brought another new feeling for me too, of having come to the end of a long string of questions. I’d spent so many years in hot pursuit of answers that I was suddenly at a standstill looking around wondering where I was headed or had I, in fact, arrived?

Oil production peaked in July 2008

There are numerous indications that world oil production peaked in July 2008. So says Uppsala Professor of Physics Kjell Aleklett. According to him, the theory that oil production is on a downward path is gaining more and more supporters.

Deflation, reflation and our oil future

This overview of our economic future relates to the “peak oil” issue in a very straightforward way. Oil demand and prices will remain depressed during the deflationary period (2008 Quarter III–?) and then rebound as they did in recent years when inflation takes hold again.