Renewable energy zealots must understand ‘Net Energy’

Was I surprised that last issue’s column, Can Renewables Outshine Fossil Fuels?, elicited a strong reaction, with written responses of support and derision? Not at all. It’s an issue that continues to divide the environmental community, and one which keeps us from moving forward as quickly as possible to conserve resources and relocalize as an era of cheap, concentrated, easy-to-get energy comes to an end.

ODAC Newsletter – Aug 12

This week saw riots on Britain’s streets and in world markets. The IEA monthly oil report referred to the oil market as a ‘big dipper ride’ as Brent oil dropped below $100 for the first time since early February, before regaining some of the losses later in the week. Pundits compared the turmoil with 2008, but in some ways it looks far worse…

Economic crisis or nonviolent opportunity? Gandhi’s answer to financial collapse

The real purpose of an economic system is to guarantee to every person in its circle the fundamentals of physical existence (food, clothing, shelter) and the tools of meaningful work so that they can get on with the business of living together and working out our common destiny. This was Gandhi’s vision, among others’. We can no longer afford to ignore him in this sector any more than we can ignore his spectacular contributions to peace and security.

Riots, disaster, and recovery – Aug 12

-An open letter to David Cameron’s parents
-Why we need to stop trying to ‘save the planet’ and just realise our place in it
-New Zealand quake: Christchurch ‘to be garden city’
-Riots are no reason to surrender our rights
-Shopocalypse Now
-The moral decay of our society is as bad at the top as the bottom
-Can the Aftermath of Disaster Be Beautiful?

Con game

In both the entrepreneurial and the financial pyramid scams, the magic ingredient is confidence. The investors believe in the financial guru or in the person who initiates them into the marketing chain. And, of course, the investors are confident that they’ll make lots of money. In some cases, as in the pyramid schemes that ripped through the former communist world in the 1990s, many investors even knew about the fraud but believed that they could get in and get out with a bag of money before the whole thing collapsed.

If the analogy holds, then the U.S. economy is…a giant pyramid scheme?

Haircuts for All . . . or Free Money?

To get past the wall of potential financial-monetary collapse, governments would have to resort to extraordinary emergency measures. In the best instance, this would create time and space to begin coming up with long-term, infrastructural responses to declining energy supplies and climate change—responses involving the redesign of transport systems, power generation and transmission systems, food systems, and so on. Of course, there is no guarantee that time, once gained, will be well spent. Nevertheless, in principle the wall can be traversed.

 

“Nickel & dimed: On (not) getting by in America”: Barbara Ehrenreich on the job crisis & wealth gap

Standard & Poor’s announced Friday it has downgraded the U.S. credit rating for the first time in history. The move by S&P, one of three leading credit rating agencies, came just days after Congress approved a $2.1 trillion deficit-reduction plan. “In some ways, that is in another world from most Americans and their day-to-day struggles. What is it going to mean to you if you have no job now?” says our guest, Barbara Ehrenreich, who has just published the 10th anniversary edition of her book “Nickel and Dimed: On (Not) Getting By in America.” In the book, Ehrenreich tells the story of life in low-wage America and tries to earn a living working as a waitress, hotel maid, nursing home aide and Wal-Mart associate. Ten years later, she compares the current situation of low-income U.S. workers to “third-world levels of poverty.”