Peak oil, the web of debt, & our local future

A new set of high definition videos are now online: Richard Heinberg on peak oil, Thaddeus Owen on permaculture, Ellen Brown on financial collapse, Tim Husdon on the four futures, and Kim Hill on the auto industry crisis, and more.

Lightering our way to abundance

One promising sign of a bottom to oil prices is the move by oil companies and Wall Street firms to secure tankers in which to store oil in order to play the contango in the oil market. By leasing a tanker and filling it with oil purchased at the current low price while simultaneously selling it on the futures market for delivery later this year at a significantly higher price, they can generate considerable profit–enough to pay for the costs of storage on the high seas and take home handsome paychecks to boot.

Reality Report: Natural Gas Cliff and Credit Situation

In this edition of The Reality Report host Jason Bradford interviews Nate Hagens. Topics in this program highlight how the current financial melt down and impact the timing and severity of peak oil and natural gas–including the dreaded “natural gas cliff” as rigs go idle due to low prices. We discuss whether this means economic growth now over, and if so, how should societies adjust?