Insight and inspiration in turbulent times.
President Obama’s to-do list:
– Increase domestic production of oil.
– Root out fraud and manipulation in oil markets.
– End $4 billion in subsidies to oil and gas companies.
– Invest in renewable energy.
Chris Martenson joins David Pakman live in studio for a discussion about the budget, economic situation, Wall Street, corruption, energy, the Japanese nuclear crisis, and more.
– Gas-price spike sparks U.S. probe of oil traders (Obama)
– Guardian: Shale gas special report
– Peak Oil – Gail Tverberg’s April 2011 Update
– Prof. David Rutledge of Caltech on “Hubbert’s Peak, The Coal Question and Climate Change” (video)
Confusion around the true extent of the spare oil production capacity of Saudi Arabia increased this week following a statement by Saudi oil minister Ali al-Naimi that his country had reduced production in March by 800,000 barrels–this despite the loss of 1 million barrels/day of production from Libya. Al Naimi went on to claim that global markets are currently oversupplied.
Considered out of touch just a few years ago, these two clear thinkers’ predictions have proven to be on the money. They offer an astute picture of the near future and practical advice on landing on our feet.
– Oil sands investments by state-owned bank ‘not sound’, say UK greens
– Multinational fossil fuel firms use ‘biased’ study in massive lobbying push for gas
– Really Unpopular Complicated Expensive Technological Solutions For A Nonexistent Problem
– The Big Grab: 9-part series on the economic threats to Canadians posed by the Alberta oil sands
A midweekly roundup of peak oil news, including:
-Developments this week
-Saudi oil production
Polls suggest that as many as 50 percent of American families have had some sort of financial setback in recent years. Into this milieu we now have added higher oil prices. Moreover, given the increasing unrest in many Middle Eastern states, continued robust economic growth in China and India will result in still higher prices before the year is out. It implies that in the not too distant future there will be another economic downturn.
The worst environmental disaster in history isn’t the oil that gets away. It’s the oil we burn, the coal we burn, the gas we burn. The real catastrophic spill is the carbon dioxide billowing from our tailpipes and smokestacks every second, year upon decade. That spill is destabilizing the planet’s life-supporting systems, killing polar wildlife, shrinking tropical reefs, dissolving shellfish, raising the sea level along densely populated coasts, jeopardizing agriculture, and threatening food security for hundreds of millions of people.
– Canada military report: Oil shortages and environmental decline could create ‘global quagmire’
– ETH Zurich: Unsung bedrock of prosperity (phosphorus)
– Era of ‘tough oil’ won’t deter drillers
– What happens when we run out of water?
Nobody’s yet accused Tom Donohue of leading a dark cult to enslave the human race like high priest Mola Ram in Indiana Jones and the Temple of Doom. But Bill McKibben seems to think that Donohue has cast an evil spell over his country’s young ruler in order to make him do his bidding.
I admit it: in the days of mobile internet and GPS, the concept of posting physical signs as a way of generating community may seem “retro” and outmoded. However, signs are all about locality. Finding resources in the course of our normal daily movements is direct, efficient, and full of the possibilities inherent in the manifold layers of existence that engage when we interact with our living immediate environment.
