Fossil Fuels

The globe’s limitations: How peak oil threatens economic growth

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In the second video in the series “Peak Oil and a Changing Climate” from The Nation and On The Earth productions, Richard Heinberg, senior fellow with the Post Carbon Institute, discusses how depleting oil supplies threaten the future of global economic growth. According to Heinberg, historically there has been a close correlation between increased energy consumption and economic growth. If the economy starts to recover after the financial crisis and there is an increased demand for oil but not enough supply to keep up with that demand, we may hit a ceiling on what the economy can do.

To protect and serve: interview with Mike Ruppert

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You may know author Michael Ruppert in one of his many roles as a truth-seeker: the chain-smoking star of the documentary film “Collapse,” the seemingly boundless energy source behind CollapseNet, a former beat cop and police detective and a sometime 9/11 theorist. In this interview, Ruppert reveals a new role as a spiritual seeker, saying that with societal collapse in the offing, “God is on the table.”

The Deepwater Horizon spill report – Jan 12

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-Oil spill report: Initial analysis
-Disregard for safety led to Deepwater Horizon spill
-Panel Faults Oil Firms, Calls for Better Oversight
-National Oil Spill Commission Finds Right Problems, Issues Wrong Solutions
-Missed Opportunity: Spill Commission Rejected by Drillers

2011: Living in interesting times

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Some economists have high hopes for 2011. The stock market has broken 11,000 and many predict GDP growth. I don’t necessarily see a rising stock market and GDP as indicators of economic health, especially since the vast majority of stock market gains goes to a very small minority of people. The stock market may zoom, GDP may grow, but what will be happening to the majority of people – considering the forces and trends that are in play? Maybe it’s my pessimistic side, but I continue to have some major concerns about the economy…

Peak Coal: the Olduvai perspective

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Coal will not be able to replace the other fossil fuels. Whether extraction peaks in 2011 or in 2050, the probabilities of coal on its own being able to help the world avoid the Olduvai cliff are slim at best.

Certainly, this fossil fuel can still become more relevant as a fuel in some regions of the world.
This can occur in the US for instance, if reported reserves are anywhere near a geological reality. In such places, coal can provide time for a smoother transition to a fully renewable energy paradigm, but on a global scale, the panorama is entirely different.

For states or nations that are net importers today but do not possess realistic reserve perspectives, the use of coal is more a thing of the past than of the future.

Commentary: The Tierney-Simmons bet

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Five years ago, John Tierney, a columnist with The New York Times, and Matt Simmons, peak oil guru and founder of energy investment bank Simmons & Co., made a bet. Simmons argued that oil prices would be much higher in 2010. Tierney, a believer in human ingenuity and a follower of economist Julian Simon, took the other position. Simon, a so-called Cornucopian, argued that there would always be abundant supplies of energy and other natural resources and that the real price of commodities like oil would remain stable or decline over time.

Review: Prelude by Kurt Cobb

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Kurt Cobb has just released a page-turner of a first novel titled Prelude, which uses a Grisham-esque tale of suspense and intrigue to educate the public about peak oil. Prelude’s main character is a young energy analyst who discovers a top-secret report shedding light on the true, precarious state of the world’s oil reserves….Allegorically named Cassie, she stands for all of the real-life Cassandras within the peak oil movement, who, like the Cassandra of Greek myth, are able to foresee disaster but so far seem cursed never to be believed.

The extremely leisurely pace of American democracy and the urgency of our predicament

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Winston Churchill once remarked that “[t]he United States invariably does the right thing, after having exhausted every other alternative.” The assumption behind that remark is that there will be time to do the right thing after all alternatives have been exhausted. This assumption is especially troubling when it comes to addressing such issues as peak oil and climate change.