So, you know you ARE the 1%, right?

So with the return of spring comes the return of Occupy, which by and large, is probably a good thing. OWS deserves some props for drawing attention to inequity, for bringing radicalism back, and for showing a very complacent corporate and political leadership that the people still have bite in them. Generally speaking I approve of Occupy.

One of the things I don’t approve of, however, catchy as the framing is, is the “1% vs. 99%” rhetoric. The reason I don’t is that I think it functionally masks really deep inequities — by putting the second percentile together with the 92 percentile, it implies a fundamental symmetry between people who are truly and deeply poor and those who are more than comfortable.

Energy policies will lead to diesel fuel rationing in Europe

During the last six years the world’s production of oil has, overall, been flat. From 2005 up to and including 2010 annual it was around 81.5 Mb/d with top production in 2010 at 82.1 Mb/d. World oil production has never been greater than in that period. We describe the maximum rate of oil production from an oilfield, region or the world as “Peak Oil”.

OPEC Has Lost the Power to Lower the Price of Oil

There’s been a lot of excitement in the past year over the rise of North American oil production and the promise of increased oil production across the whole of the Americas in the years to come. National security experts and other geo-political observers have waxed poetic at the thought of this emerging, hemispheric strength in energy supply. What’s less discussed, however, is the negligible effect this supply swing is having on lowering the price of oil, due to the fact that, combined with OPEC production, aggregate global production remains mostly flat.

But there’s another component to this new belief in the changing global landscape for oil: the dawning awareness that OPEC’s power has finally gone into decline.

Night Thoughts in Hagsgate

There are times, at least for me, when the fate in store for industrial society can be seen with more than the usual clarity. I’m thinking just now of the time I looked out a train window and saw an abandoned factory, not yet twenty years old, with foot-high saplings rising incongruously from the gutter around the roof; or of another time, in a weekend flea market here in Cumberland, when I found a kid’s book on space travel I’d loved as a child, flipped through the pages, and found myself face to face with the gap between the shining future we were supposed to have by now and the mess that was actually waiting for us when we got here.

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.

Economics as if the laws of thermodynamics mattered

Have you ever considered the question: what is life? If we are aiming for a new economic system that will preserve and enhance life, rather than the current system, which more often than not seems to destroy and degrade life, perhaps we should consider what life is and how it is made possible. I recall learning about “living things” in high school biology classes, but always found the definitions of these “living things” to be somewhat vague. Let me try a physicist’s definition then, which might feel unfamiliar at first. A living thing is a kind of low-entropy-maintenance machine: a configuration of differentiated parts that succeeds in performing complex, interdependent functions for a prolonged period of time.

Universities co-creating urban sustainability

The sustainability crisis has provoked an unexpected and dramatic response from academia. Until now, higher education institutions have tended to focus on sustainability within their own borders. This has predominantly been via sustainability education, research and designing green or carbon neutral campuses. Yet borders between society and academia are dissolving.

Amsterdam-By-the-Bay

The single biggest reason for Dutch success in making biking safe and popular is their policy of separating bike lanes from moving vehicles on busy streets, either by physical barriers such as curbs or bright painted markings on the pavement.

Money doesn’t grow on trees and trees don’t grow on money

I was so gratified to see Wendell Berry’s remarks in a recent interview (“Wendell Berry: Landsman” with Jim Leach in Humanities magazine, May/June 2012) where he makes a point about economics that is overlooked in these days when divisiveness rules the political roost. The general view is that the economic battle is between capitalism and socialism, but as Wendell observes, “both are industrial systems and they have made the same mistakes in some ways.” Both have ignored “the propriety of scale and the standard of ecological health.”