Insight and inspiration in turbulent times.
-DOE slashes gas estimate for Marcellus Shale
-DOE report projects greater coal production drop
-Obama makes strong call for clean energy — oh, and drilling and fracking too
-Obama sets out ‘all-of-the-above’ clean energy policy
-Obama’s speech and some sober talk about the oil patch
-Fossil fuels are sub-prime assets, Bank of England governor warned
-The real beneficiaries of energy subsidies
-Podcast: How Equity and Economics Will Drive Climate and Energy Stories in 2012
-Companies and tax authorities can all benefit if they work together
Mark Twain is reported to have said: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” What most environmentalists think they know for sure is that oil, coal and natural gas are all abundant-so abundant, in fact, that many environmentalists believe they are forced to make a Hobson’s choice of natural gas as a so-called “bridge fuel” to a renewable energy future.
The Australian Daily Telegraph published today a story on a leaked government report (BITRE 117) which (optimistically) calculated peak oil around 2017, followed by permanent decline. The report raises questions to be answered by the Federal Government.
– Fossil fuel subsidies: a tour of the data
– Natural gas galore?
– US Thirst for Fossil Fuels is Decimating Nature’s Wildlife: Report
– Fracking the World: Energy Companies Set Their Sights Globally
Fears of an EU recession gained ground this week with news that the German economy shrank in Q4. In oil markets this dunked oil prices to a New Year low – though they quickly recovered on Thursday in response to renewed concerns of supply disruption. In Nigeria unions threatened to escalate nationwide strikes to the oil production sector at the weekend if the government fails to reverse recent cuts in fuel subsidies.
Richard Heinberg joins James Howard Kunstler, Nicole Foss, Dmitri Orlov and Noam Chomsky in a panel discussion. Reviewer: "These extraordinary clearseers analyse precisely the catastrophic crises which — amongst many other things — are bringing on the steady, relentless collapse of the US empire."
(Transcript and audio)
The end of our industrial lifestyle paradigm will be dictated by Liebig’s Law, and by humanity’s response to its consequences. Unfortunately, it is impossible to know at this point which increasingly scarce nonrenewable natural resource (NNR) or NNR combination will ultimately prove to be industrialized humanity’s limiting factor.
Consequently, humanity’s global societal collapse may be triggered by scarcity associated with one or more NNRs other than those commonly considered “most critical” to the perpetuation of our industrial lifestyle paradigm—fossil fuels, or oil specifically. After all, the space shuttle Challenger disaster was caused by a faulty o-ring.
Richard Heinberg joins James Howard Kunstler, Nicole Foss, Dmitri Orlov and Noam Chomsky in a panel discussion. Reviewer: “These extraordinary clearseers analyse precisely the catastrophic crises which — amongst many other things — are bringing on the steady, relentless collapse of the US empire. “
We cannot “set things right” in the sense of restoring things to the way they once were, but we must begin now to adapt to the new realities if we are to reduce suffering and continue an advanced culture. Today’s article, “Out With the Old”, discusses ending seven unsustainable practices.
For generations, human development has been fuelled by ever greater amounts of energy. The discovery of fire by our earliest ancestors allowed them to harness the energy stored in plants to keep warm and to cook. Agriculture is essentially a means of diverting sunlight into crops to provide easily accessible food. Farming liberated people from the daily hunt for sustenance, and allowed populations to grow. Exploitation of coal fuelled the industrial revolution and the development of urban societies. Oil for transport, and the development of electricity systems enabled modern society, with its ever increasing consumption and mobility. Energy use and social progress have been inextricably linked. Until now. Now, it makes sense to use less energy, not more.
As The Big Engine That Couldn’t has faltered for several years, it is becoming increasingly clear the economy is running off the tracks. Both investors and the public are beginning to realize the long-revered goal of endless economic growth is failing. Anger and fear are widespread, as the livelihoods and hopes of ordinary Americans are being destroyed. Anger runs among the “99%” over economic injustices that favor the “1%”. Fear, however, may run among 100% over this question: How do we live when economic growth fails?
