Talking about oil — Complacency, panic and ignorance

Thirty-four years have come and gone since Energy Secretary James Schlesinger described the American approach to oil supply problems. “We have only two modes—complacency and panic.” Nothing has changed. As popular revolt spread from Egypt into Libya, panic smoothly replaced complacency in the markets and the overwrought minds of the American people. Apparently, since Egypt blew up first, and Libya, which is west of Egypt, blew up next, it has been deemed logical to conclude that Algeria, which is west of Libya, will be the next domino to fall.

What punctured the North-African balloon? Crude oil and social unrest

A society is not as simple as a balloon but it can easily explode in revolutions, collapse, breakdowns, civil wars and all sort of rapid and unpredictable changes. Societies, it seems, are fragile, at least in terms of the stability of their governments. This behavior looks normal to us because we have seen it happening many times. But, just as for balloons, it is difficult to explain exactly why societies “explode.”

Oman’s unrest may be a domino, not just to suppliers, but also to customers

There are reports that the unrest in the Middle East has spread to the Sultanate of Oman. While at the moment there have been only one or perhaps two deaths, small in number relative to the larger number of fatalities in countries like Libya, such a milepost, nevertheless, is sadly likely to indicate that the situation will get much worse. … Oman is not a member of OPEC, but contains the largest oil reserves of any country outside that group in the Middle East.

Support a hero

I’m writing you today about Tim de Christopher. For you that don’t know his name, here’s a short story: In its last days, the Bush administration was selling off 77 parcels of federal land totaling 150,000 acres for drilling, a last round of favors to the oil and gas industry. The leases were on wilderness areas, including some areas next to national parks. Business as usual. Then a student at the University of Utah named Tim de Christopher showed up.

Transition and the cuts: a report from Camden

It was heartbreaking to be at Camden Council last night. Because of the government-imposed cuts libraries, playgroups, breakfast clubs and after school care are being swept away in a borough that has always prided itself on its public services, especially for the young. Protests outside the council turned into chaotic and ugly scenes and the police prevented demonstrators entering the building on public order grounds. A few made it in and loudly berated councillors for cutting services. Council had to be adjourned at one point.