Insight and inspiration in turbulent times.
It’s hardly news that economists these days spend more of their time explaining away their mistakes than providing useful guidance to policy makers and the public. Behind the failure of contemporary economics lies a poorly understood reality: the mismatch between today’s economic ideas and the laws governing the natural systems that support the human economy.
Tithing at the Crude Altar
Oil rush: Scramble for Iraq’s wealth
Japan and China fight it out for right to mine lithium under Bond’s battlefield
Transition Web project: recommendations report
FTC plans to monitor blogs for claims, payments
A review of three ‘sort-of’ post-oil novels
James D. Hamilton: “Causes and consequences of the oil shock of 2007-08”
The Net Hubbert Curve: What does it mean?
Global oil and gas E&P spending seen down 15 pct
Former Puerto Rico energy advisor: Peak oil – coming soon but when?
Tertzakian: Demand: The other side of the oil coin
Iraq: The final countdown
Kurdistan brands Iraq oil contracts ‘unconstitutional’
7 Blasts Around Baghdad Kill at Least 24
Rush for ‘easiest oil in the world’
A weekly review including:
– Production and Prices
– Iraq
– Natural Gas
– Briefs
Despite Relatively Low Demand, Oil Prices Spike (text and audio)
Greens told no alternative to fossil fuels
Study Shows Expense of Finding Oil, Nat. Gas Soared in 2008
High Speed
UK air passenger numbers slump as recession bites
Lord Adonis sees demise of short flights
“What struck me the most, as a surprise, is the virulence in the downtrend in the world economy. That’s a negative for the peak oil story, but only a temporary negative. By crushing demand, we are in effect gaining two more years, maybe three, in which we in the consuming world have added to our time before the peak, and could take good advantage of, since the peak is right upon us-I have it still at 2015 for all liquids.” (Charlie Maxwell is the life-long oil industry analyst viewed by Barrons’ magazine as their energy guru.)
You can see it in the faces of those gathered to hear the latest news on the natural gas industry: Anxiety. Anger. Fear of losing everything they have. Frustration that there seems nothing anyone can do.
Letter from the Motor City
Pay, baby, pay (oil royalties)
Robert F. Kennedy challenged growth for growth’s sake as does Barack Obama
Can the U.S. afford to let California fail?
Why we need the national academy of sciences to study peak oil
Peak flow rates, not peak oil?
The pitfalls of natural gas as the default climate change option
GM preparing for high oil prices: chief executive
