Insight and inspiration in turbulent times.
The overriding issue is just how long the economic downturn will last. Historical precedent and conventional wisdom from Wall Street seems to be saying that by the middle of 2009 we will hit bottom and things will start to improve. Some, however, are not so sure and are making cases for a downturn of many months, quarters, years, or in extreme cases decades. Sorting this out is obviously impossible for we seem to be entering an era unique in history.
A mid-week review, including:
– Prices and production
– Forecasts
If an economic system is built on myths that aim to defy the laws of physics and ecology we should not be surprised to see it fail. Perhaps we can use this crisis to begin asking the right questions and redesign with human needs and planetary realities in mind. The Reality Report interviews Professor Joshua Farley of the Gund Institute of Ecological Economics at the University of Vermont.
In this show, Jason Bradford and Professor Michael Klare discuss the geopolitics of resource competition. Nations are engaging in a dangerous zero sum game as they jostle over finite supplies of fossil fuels, including the positioning of opposing advanced weapons systems in unstable parts of the world.
Peak Oil’s impact on the United States will probably be more severe than what most other countries will feel. This follows from a different way of thinking about the problem – availability vs. production…I would suggest that this is not the most useful way to consider the question.
Merrill Lynch says global oil production will decline further in coming years
Henry Groppe inteview
The Price of Oil this summer
The Spike and the Peak
The rhythm of rest and excess
Downward Spiral’s Silver Lining: End of Lonely Plastic Culture
Is This The End Of Wealth Creation?
A weekly review including:
– Production and Prices
– The Eventual Rebound
– Venezuela
– Briefs
Enjoy low oil prices while you can: Henry Groppe
Get ready for the rebound (analyst Fadel Gheit)
Why peak oil prices may rocket higher (Grandich, Yardeni)
Oil output could fall by 30m bpd by 2015 – Merrill
Iraqi oil minister: OPEC to cut production
Amish help neighbors left without electricity
Obama orders new rules to raise energy efficiency
Why shovel-ready infrastructure is wrong
Fight against Big Coal hits Kansas legislature – national repercussions
Community” is often dismissed as a romantic notion, “harking back a golden age that never existed”. Traditional rural communities tended to be held together by the absence of choice: you were your mother’s daughter or your father’s son, and the range of possible futures – opportunities for travel, education, and employment- were limited.
A weekly review from a UK perspective.
