Insight and inspiration in turbulent times.
This turbulent, troubled global economy is precisely what Chris Martenson predicted in early 2010, “When Exponential Meets Reality” (episode 166). He asserts that we can no longer look at the economy without factoring in the terminal decline of its master resource — oil.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The EU debt crisis
-Shortages in China
-Cold fusion test
-Quote of the week
-Briefs
Last week we and other representatives of the Association for the Study of Peak Oil & Gas USA (ASPO-USA) stood on the steps of the U.S. Department of Energy (DOE) to call for “Truth in Energy” concerning one of the most serious threats to our economy, national security, and environment: the prospect of an impending decline in world oil supply. The consequences of this milestone are far-reaching and potentially catastrophic. After a news conference at DOE, we delivered a letter to Energy Secretary Steven Chu summarizing our concerns and requesting answers to specific questions about DOE’s response to this monumental challenge.
At first glance, Jan Lundberg and Amanda Kovattana seem like unlikely kindred spirits. He’s a former oil analyst turned whistleblower and rock musician, while she’s a British-educated Thai émigré who makes her living helping people become organized. Yet their similarities run deep, beginning with a profound concern for the planet and a flair for writing. Indeed, both are indispensable contributors to one of the top news sites on energy and the environment, Energy Bulletin. Both also happen to be accomplished memoirists, and their memoirs offer rare insights into family relationships, the vicissitudes of wealth and the quandary of being an environmentalist in an environmentally apathetic age.
Markets jumped on Thursday as the Eurozone patched together yet another deal to relieve its debt crisis. The high spirits saw 3% added to the FTSE amid hope that the deal will buy time to develop a permanent solution – if that is possible. Meanwhile the turbulence in the markets is being increasingly reflected in the streets through the growing Occupy movement, and continuing demonstrations in Spain and Greece…
Since the turn of the century, light oil, the highest quality hydrocarbon, has given civilization extraordinary energy gains and fueled all the trappings of modern life. But the rapid development of bitumen, one of the world’s most expensive and heaviest hydrocarbons, has clearly signaled the end of cheap oil. Like most unconventional fuels, bitumen takes more energy to make than conventional oil. In fact, bitumen production requires so much natural gas for processing and enrichment that it now accounts for one-fifth of Canada’s natural gas demand. The extravagant use of natural gas to produce a lower grade fossil fuel is unprecedented.
A midweekly roundup of peak oil news, including:
-Developments this week
Robert Anton Wilson pointed out some years ago that people who say “you’re either part of the problem or part of the solution” are usually part of the problem. The habit of thinking in binaries–that is, in hard oppositions between antithetical concepts–has deep roots in the human mind, but it leads to certain predictable difficulties, among them a particular kind of vulnerability to the sorcery practiced by the advertising and marketing industries. If we’re to see past the haze of arbitrary binaries to a less polarized future, a glance at other ways of thinking is probably worth our while.
A few weeks back, I made the case that relying on space to provide an infinite resource base into which we grow/expand forever is misguided. Not only is it much harder than many people appreciate, but it represents a distraction to the message that growth cannot continue on Earth and we should get busy planning a transition to a non-growth-based, truly sustainable existence. To prove what a distraction it is, I will distract myself again this week with another space post. This time, true to the brand, I will do the math on why the infinite resources of space appear to be of questionable use to our human enterprise.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The EU debt crisis
-US oil consumption
-Fracking for gas
-Quote of the week
-Briefs
By itself, the concept of having to get by on just a little bit less oil each year seems to be manageable enough. Some think that a steadily, or even sharply, rising price will merely reduce demand and promote exploration and that everything will more or less normally work itself out through well understood market mechanisms. Perhaps it will, but I think the odds are stacked against a smooth transition to a future of less net energy.
As temperatures dropped in Britain this week, the political heat over rising energy bills intensified. Prime Minister David Cameron hauled in the utility bosses and demanded action. Cameron claimed “everything that can be done will be done to help people bring their energy bills down…
