Insight and inspiration in turbulent times.
World Energy ministers met this week in Cancun for the latest session of the International Energy Forum. The meeting resulted in a declaration committing its 66 signatories to an “enhanced global producer-consumer energy dialogue”. As if on cue, the oil price reached its highest point in 2010 on Wednesday at over $83/barrel…
A weekly round-up including:
– Prices and production
– Venezuela’s Power Crisis
A Bloomberg poll of leading US economists found that 79% were “shocked” or “dismayed” by the recently-readjusted Bureau of Labor Statistics data showing that labor productivity in the United States plunged by 13.8% in 2010. Asked how they felt about the corresponding sharp decline in U3 unemployment – from 10.1% to 6.3% – 31% of these economists said improved employment numbers were “welcome”, but 88% considered the correlation (between falling productivity and falling unemployment) “counterintuitive” or “irrelevant”. All agreed that the top priority must be to return to increased productivity and healthy economic growth as rapidly as possible.
-Drill, baby, drill: The myth of energy independence
-Obama to Open Offshore Areas to Oil Drilling for First Time
-Expect a new peak for oil next year
-So Much for Peak Demand… Try 134mb/d by 2030
The sparkling, sanitized waterfront of Cardiff, Wales, reveals barely a hint of the country’s grimy industrial past. Where one of the busiest ports anywhere once shipped Welsh coal out into the world, a complex of upscale shops, pubs, and restaurants now dominates the area. Out are the sailors, brothels, and seedy watering holes. In are tourist-friendly pubs, fusion restaurants with names like ffresh, and a circus carousel. The locally favored Brains brewery (“People who know beer have Brains”) has survived nearby.
In the years leading up to the crash of the Housing Bubble in 2006 and the subsequent financial meltdown in 2008, there was no shortage of people telling us America’s continued prosperity was not in jeopardy. All that talk was nonsense, of course. In 2010, the situation is eerily similar in the natural gas business. We are told that we have 100 years of supply, implying that we will still be producing cheap shale gas long after the oceans are devoid of fish. As in the pre-Housing Bubble days, a few skeptics are crying foul. There are underground rumblings that things are not on the up & up with shale gas.
Today’s consumer is emerging from the recession with a radically new definition of the American Dream and a renewed sense in their own resourcefulness and priorities according to a just released marketing study.
Bound by the tangled cord of its own sins, Industrial Civilization sits immobilized — with the gun of reality pressed to its temple. Monumental changes are imminent – probably (hopefully) a swirling mix of both bad and good. In order to maintain our present sanity and maximize chances for the best possible futures, we need to both envision and embody the positive change we wish to see in the coming post-carbon era. As such, I suggest this: a return to life at a proper ‘human’ scale, the reclamation of functional human communities, and the widespread internalization and application of a true morality.
-Martin Crawford and me speaking at the Launch of ‘Climate Friendly Food’
-Churches partner with ‘transition town’ environmental movement
-Lexicon of Change: The Rise of Transition Culture
-Joel Salatin And Polyface Farm: Stewards of Creation
-Brian Kimmel looks to shine a light on the importance of eating locally with Ingredients at the CIFF
-The Best Film About a Plastic Bag You’ll Ever See
-Green advertising rules are made to be broken
-Watching the green screens at the Environmental Film Festival in D.C.
-Greenpeace Takes Aim at Koch Industries
I think we can solve this problem. If we look at it from an engineering or technical perspective, we have solutions in hand that we can build out in the next decade that would reduce our carbon dramatically. We could double our nuclear, we could double our natural gas for electric power, ramp up wind and solar dramatically while cutting back our coal use 80 percent…Just because we could do it as engineers with off-the-shelf technology that exists today within a decade does not mean that the policy, economic, or cultural hurtles are not real.
A testimonial to the heights to which our consumer culture can go when shelter becomes an investment vehicle. Bad for the planet, bad for communities, bad for the poor, and yet another way to fleece the middle class of wealth via investment bubble.
