Peak Oil and Worldwide Economic Recession Soften Oil Prices: Lull Before the Storm

In the first half of 2008 we saw oil climb to approach $150 a barrel amid the pundits’ warning of oil rocketing to $200 a barrel and way beyond due to the phenomenon of Peak Oil. In the wake of those heady days we have now witnessed the slumping of oil prices to well under $100 a barrel into October.
So what is happening to cause the retreat of oil prices?

How to create change In your community: finding or forming a local group

When we live locally and strengthen our communities, we become stronger and better able to adapt to changes in the economy, climate, and energy availability. But we discuss much about how to go about this. So… how do you create change in your community? And how do you form a group of people who can tackle these community needs?

Cassandra’s View

This year’s ASPO-USA conference in Sacramento approached the surreal at times, with implausible “solutions” to the peak oil crisis presented cheek by jowl with troubling news about the limits already closing around industrial civilization, in the setting of a luxury hotel sustained by exactly the kind of resource use the future will not be able to sustain. Chalk it up to a used copy of Bulfinch’s Mythology, but images out of Greek legend proved impossible for a visiting archdruid to push aside.

The peak oil crisis: bailouts & shortages

We are witnessing one of the most eventful weeks in modern history. Stocks and oil prices plunged on Monday and bounced on Tuesday; credit markets seem to be freezing; the Congress remains in gridlock as members watch the approaching elections fearful of what could happen to their incumbency.