Media & Communications

There and Back Again – The Opening of Cornucopia LLC

by

Dear theoildrum.com readers. Many of you may have wondered about my absence here over the last 6 months or so. Suffice it to say that I’ve had a sea change of understanding about both our situation and on the opportunities it presents. As such, I’ve made some career change decisions, which Kyle and Gail are allowing me to share with you here (based on my prior efforts at TOD). Starting May 1, I have accepted an offer from Goldman Sachs to become a Managing Partner in a new energy and resource hedge fund where I’ll be one of three people responsible for security selection and risk management. Details, and the story of how I came to ‘see the light’ on resource depletion opportunities are below the fold. Basically I feel like a kid in a candy store.

Productivity Plunges

by

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.

Skills and Materials for Post-Petroleum Economies

by

Margot McDowell is a sail maker and seamstress in Anacortes, Washington. She has a counterpart here and there in the region, such as a woman in Port Townsend and a woman in Bellingham. Considering the number of sailboats and ongoing demand for more sails and sail repair, these sail makers barely comprise a local industry. This is because the great majority of sails are made in Taiwan — made out of Dacron, a petroleum product.

‘Britain’s Appalachia’ engineers a brighter post-coal future

by

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.

Courtship, Cooperation & Negotiation: What Darwin Got Wrong about Human Emotions

by

Many social critics in the Peak Oil community are fond of saying “Men do what they do driven by the desire to please women.” But what if that notion is just plain wrong? Is there power in the narrative that redirects our energies away from helpful pursuits believing that such strivings are “against the laws of nature?”

Shale Gas Shenanigans

by

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.

Deconstructing Dinner: Bill C-474 (Protecting Farmers From Economic Harm of GE Crops)

by

Deconstructing Dinner has long been at the forefront of covering anything and everything to do with the presence of genetically engineered (GE) foods…On today’s episode we’ll listen to Members of Parliament debate the issue in the House of Commons. Deconstructing Dinner also followed up with Liberal MP Francis Valeriote who supports the bill being sent to committee, but nevertheless shared many critical remarks in the House that are requiring some… deconstructing.