Global scarcity: Scramble for dwindling natural resources

National security expert Michael Klare believes the struggle for the world’s resources will be one of the defining political and environmental realities of the 21st century. In an interview with Yale Environment 360, he discusses the threat this scramble poses to the natural world and what can be done to sustainably meet the resource challenge.

Growing a new crop of farmers

The California farming community is facing a demographic crisis. The average age of a California farmer is 58, and nearly 20 percent of them are 70 or older. As these farmers approach retirement, California needs to train new ones if we are to continue to feed our country and keep a healthy rural economy in the decades ahead. And with farm internships in California subject to strict labor laws, opportunities to get a hands-on farming education have become even fewer.

ODAC Newsletter – May 25

G8 leaders meeting last weekend in Camp David will have been cheered by the recent slide in oil prices – albeit that the weakening in price is largely a consequence of the increasingly dire economic news. Nevertheless the group issued a statement to the effect that should the price start heading back in the other direction they will be calling on the IEA to take action…

The rise of reuse

You’ve heard of CEO Mark Zuckerberg and Facebook’s 900 users exchanging gossip and other personal pleasantries or worries through a medium that inflates narcissism. You’ve probably not heard of Ben Rose of the New York City Materials Exchange Development Program (NYC MEDP) or the equivalent organizations in your communities providing services to thousands of charitable non-profit groups which promote the donating and reusing of materials to avoid incineration, landfilling and recycling.

Oil addiction generates denial

Whenever the U.S. supply of imported oil is threatened with interruption (or if the U.S. economy should recover much), the global marketplace bids up the oil price, and the politically sensitive price of gasoline will rise in step and depress consumer spending. Whenever the world oil price is high enough, it can cause an economic crisis. In this case global demand may contract sharply, as it did in 2009. The price can never rise for long above what the global oil market can bear.

Greasing the wheel: Oil’s role in the global crisis

Between January 2002 and August 2008, the nominal oil price rose from $19.7 to $133.4 a barrel. This led to a large increase in oil revenues for oil exporters and a deterioration of the current account for oil importers. Between 2002 and 2006, net capital outflows from oil exporters grew by 348%, becoming the largest global source of net capital outflows in 2006 (McKinsey 2007).

Capital outflows from oil exporters therefore played an important role in the global liquidity glut during the build-up to the US subprime crisis.