Insight and inspiration in turbulent times.
The US encourages peaceful protesters in Egypt. With many in the peak oil community mindful of the potential for civil unrest as economic and material conditions continue to slide in some wealthy Western countries, could unrest spread beyond autocratic states, even to US shores? If so, America’s lofty ideals would be put to the test as her own people sought real reforms to overhaul government and help rein in corporate power.
The toppling of dictator Ben Ali in Tunisia in the wake of mass protests and bloody street clashes has been widely recognized as signifying a major transformation in the future of politics and geopolitics for the major countries of the Middle East and North Africa (MENA). There is little doubt that the Tunisian experience triggered the escalation of unprecedented protests in Egypt against the Mubarak regime. The question on every media pundit’s lips is, ‘Will events in Tunisia and Egypt have a domino effect throughout the Arab world?’
(Problem fixed)
– How Egypt spells oil spike (Jeffrey Brown and Peak Export Theory)
– Oil Drops From Two-Year High as Investors Sell After Prices Soar
– Egypt unrest rattles oil markets
– OPEC quotas and crude oil production
– Analyst sees little Egypt oil and gas impact
– Q&A: Suez Canal
– U.S. envoy tells Egyptian President Hosni Mubarak to step aside
– Egypt’s Unrest May Have Roots in Food Prices, US Fed Policy
– Soccer clubs central to ending Egypt’s ‘Dictatorship of Fear’
– The Egyptian people tend to the streets that are now their own (video)
– Oil Prices Rise Sunday as Egypt Unrest Gooses Market
– Egyptian Unrest Has Repercussions in Global Economy
– White House quietly prepares for a post-Mubarak era in Egypt
– Juan Cole interview: “Egypt is a Praetorian Regime”
– Israel ‘anxiously monitoring’ turmoil in Egypt
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Deepwater drilling
-China’s ongoing drought
-Quote of the week
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In response to the financial crisis, governments and central banks have undertaken a series of extraordinary, dramatic measures. In this section we will focus primarily on the U.S….From Richard Heinberg’s upcoming book The End Growth.
This morning, I’ve been catching up on some reading about the protests in Egypt and Algeria, following on the Jasmine Revolution that is in process in Tunisia. Clearly, the reason for interest is wondering to what extent is there any risk of these events spreading into the big oil exporters, which could cause extremely large disruptions in the global economy. This is probably unlikely, but not so inconceivable that serious observers aren’t starting to at least think about it.
Our desire not to stand on the wrong side of history is radically tempered by our desire to keep the flow of oil coming and the markets stable. The US cannot endure another major economic shock, and oil price spikes and the possible market repercussions of a destabilizing Middle East clearly terrify our present administration.
Author, blogger and social critic James Howard Kunstler opens up on two circumstances he sees running neck and neck “that are going to put us out of business as an advanced industrial civilization”—the “fiasco” in banking, money and finance and the unfolding “energy predicament.” He explains that the crises are really all about “capital” and that we need to look at how wealth has been accumulated and deployed for productive purposes.
Twenty six (26) units of fossil fuel energy goes into producing one (1) unit of food energy in the form of beef. While fossil fuels provide us with tremendous labor efficiency, we can no longer say we have an energy efficient way to make food since food production is now an energy sink.
– One Commodity to Rule Them All: Oil (WikiLeaks cables)
– The Will to Drill
– Cuba doesn’t share our oil concerns
