Alternative Currencies

Review: Life Without Oil by Steve Hallett With John Wright

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“Imagining a world without oil” describes in stark detail what might happen if one day the world decided to decommission all its oil tankers, rigs, pipelines and strategic reserves. The authors, environmental scientist Steve Hallett and journalist John Wright, expect that we’d initially see sky-high prices and long lines at pumps. After a few weeks, fuel wouldn’t be had at any price and even first-world citizens would struggle to stay fed and out of the elements. This is no Hollywood doomsday scenario—it’s a levelheaded extrapolation from current trends in the fast deteriorating world energy situation. [An essay prefiguring the book originally appeared in The Washington Post.]

Renewable energy zealots must understand ‘Net Energy’

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Was I surprised that last issue’s column, Can Renewables Outshine Fossil Fuels?, elicited a strong reaction, with written responses of support and derision? Not at all. It’s an issue that continues to divide the environmental community, and one which keeps us from moving forward as quickly as possible to conserve resources and relocalize as an era of cheap, concentrated, easy-to-get energy comes to an end.

Haircuts for All . . . or Free Money?

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To get past the wall of potential financial-monetary collapse, governments would have to resort to extraordinary emergency measures. In the best instance, this would create time and space to begin coming up with long-term, infrastructural responses to declining energy supplies and climate change—responses involving the redesign of transport systems, power generation and transmission systems, food systems, and so on. Of course, there is no guarantee that time, once gained, will be well spent. Nevertheless, in principle the wall can be traversed.

 

Review: Reinventing Collapse – Revised and Updated by Dmitry Orlov

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Neither an economist nor a formally trained scholar, Dmitry Orlov is perhaps best described in his own words, as “more of an eyewitness” to the phenomenon on which he writes. He’s a Russian émigré who saw the Soviet Union fall firsthand and has been drawing on this experience in warning of the coming U.S. collapse. He came to fame five years ago with a smash-hit Internet article that won him a loyal following and a subsequent book deal. The book, Reinventing Collapse, is now in its second edition—and regardless of how well it holds up to scholarly scrutiny, it’s admirable in its wit and prodigious street smarts.

Three strikes and you’re hot: Time for Obama to say no to the fossil fuel wish list

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The Obama administration is making its biggest decisions yet on our energy future and those decisions are intimately tied to this continent’s geography. Remember those old maps from your high-school textbooks that showed each state and province’s prime economic activities? A sheaf of wheat for farm country? A little steel mill for manufacturing? These days in North America what you want to look for are the pickaxes that mean mining, and the derricks that stand for oil.

Economic Resilience #5. A multiplicity of financial vehicles

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Previously in this discussion of what we can do about economic contraction, we reminded each other than the economy is basically the sum total of transactions between people. At that same basic level, “money” is simply the markers we use to record those transactions. There is no mandate that transactions between people can only be counted via one kind of marker. In fact, plenty of perfectly valid and life-supporting transactions can be accomplished without any markers at all.

Review: Localisation and Resilience by Rob Hopkins

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The dissertation is a case study of the first official Transition Town, the English market town of Totnes, long a popular tourist destination known for its alternative culture. Using interviews, focus groups, questionnaire surveys and other social science research methods, the study examines the degree to which the Transition ideals of localization and resilience have become a reality in Totnes. (Transitioners endorse a number of upbeat definitions of a resilient community, a popular one being “[a] culture based on its ability to function indefinitely and to live within its own limits, and able to thrive for having done so.”*)

Advice to students: understand money, localize

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A coal industry CEO told students at a small Quaker boarding high school to prepare for jobs in coal mines and power plants, rather than study philosophy or become community organizers….He preached high technology as the answer to humanity’s energy woes—technology created and owned by large multi-national corporations, which are designed to amass enormous monetary and physical wealth by exploiting natural resources and human labor.

Argentina’s collapse and the grassroots of resilience

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When people think of the 2001 Argentinean collapse, they automatically think of riots, looting and violent unrest. It’s true. Social cohesion did break down in large cities as they negotiated both the erosion of societal norms and the carrying capacity of the land beneath them. On the other hand, in rural Patagonia a different dynamic existed that allowed for the spontaneous emergence of barter markets. These markets self-organized to create a flow of trade in necessary goods and services when access to standard currency was radically reduced and even ultimately removed from society. Community cooperatives also formed to provide the means for a higher level of local function and, thus, greater regional stability.