Oil

The peak oil crisis: 2011 – a pivotal year?

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With the final surge in the world’s production of fossil fuels coming to an end the outlook for the global economy changes dramatically. … If much of the 5 or 6 million b/d of productive capacity that OPEC claims to have in reserve does not really exist or cannot be opened in a timely manner, then much higher oil prices seem likely by spring. This, of course, will reduce demand again and we are off on another cycle of falling demand, more economic damage, and eventually lower prices.

Robert Hirsch on “The Impending World Energy Mess”

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Robert Hirsch made waves as the 2005 author of what became known simply as the Hirsch Report, the first study funded by the US government on peak oil and its consequences. The experience of writing that report left him shaken at the consequences of peak oil. Now he says that in the next 2-5 years we’ll see world oil production permanently decline, a phenomenon “unlike anything faced by modern civilization.”
(audio interview about Hirsch’s new book)

Not arks or fortresses but Cities of Light

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We have a natural desire to find a way that we and our loved ones can be “safe” in the midst of the upcoming Peak Oil, Economic Collapse, and Climate Change cataclysms. This leads us to think of Arks or Fortresses, which simply won’t work. What then is a model for the coming times? The only model that can work is the decidedly unsafe and generous City of Light.

Iceberg economies and shadow selves

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As 2010 ends, what really interests me aren’t the corrosions and failures of this system, but the way another system, another invisible hand, is always at work in what you could think of as the great, ongoing, Manichean arm-wrestling match that keeps our planet spinning. The invisible claw of the market may fail to comprehend how powerful the other hand — the one that gives rather than takes — is, but neither does that open hand know itself or its own power. It should. We all should.