Insight and inspiration in turbulent times.
The Gulf of Mexico oil blowout carries the emotional wallop and learning potential of a near-death experience. First, it certifies that the age of cheap and plentiful oil is over. Second, it reveals that our collective faith in technology to overcome any challenge posed by nature is a dangerous delusion. Third, it may be the event that sets our nation on the path to genuine economic and ecological sustainability.
A hurricane is a dynamic system. Heat, air and water create pocket thunderstorms that come together and gather strength in a powerful spiral effect, destroying whatever isn’t prepared for it on land. A hurricane is gathering strength in the global economy, as a self-reinforcing spiral of debt, money and materials hurls toward us, with most of us obliviously lying on the beach in our bathing suits and shades on, assuming the calm weather will last indefinitely.
A midweekly roundup of peak oil news, including:
-Prices and production
-Deepwater Horizon
As BP’s reputation in the U.S. plummeted, the company in a new spirit of openness began releasing live video feeds from their Remotely Operated (Underwater) Vehicles “ROV”s working on stopping the torrent of oil spewing into the Gulf of Mexico.
On Wednesday June 2, President Barack Obama called for an end to U.S. dependence on fossil fuels. Continuing reliance on oil, coal, and natural gas will, he said, “jeopardize our national security, it will smother our planet and it will continue to put our economy and our environment at risk.”
-Why America should thank BP
-Nigeria’s agony dwarfs the Gulf oil spill. The US and Europe ignore it
-BP oil spill: Shares fall further
-BP’s OTHER Spill this Week
-The real cost of cheap oil
-What Will it Take to End Our Oil Addiction?
There is a way we can stretch our oil use, decrease our involvement in the Middle East, reduce climate change, dramatically lower the number of traffic deaths, extend the life of our cars and increase neighbourhood safety all at once. It’s called driving slowly.
The [US] Materials Management Service report claims that the ecological consequences of an oil spill could be ignored because such an event was “unlikely,” and besides, “no additional mitigation measures” would be needed in the event of a spill.* We now know that this was a horrendous mistake. Here, as in many other cases, the questions people ask are instrumental in creating the future they manifest.
As much as I intended to cover the pending designation of GNP National Monument in Montana, that will have to wait until next time. This week, there’s just no way a Daly News contributor could fail to focus on British Petroleum and the Deepwater spill.
Following the failure of the latest efforts to plug the gushing leak from BP’s Deepwater Horizon oil well in the Gulf of Mexico, and amid warnings that oil could continue to flow for another two months or more, perhaps it’s a good time to step back a moment mentally and look at the bigger picture—the context of our human history of resource extraction—to see how current events reveal deeper trends that will have even greater and longer-lasting significance.
The British government is making a review of current, ongoing global shortages of vital raw materials. This will go beyond the notion of peak oil to look at the supply of a series of key natural resources, following rises in commodity prices, food riots and accusations that various countries – particularly China and Japan – are beginning to stockpile important minerals in an attempt to protect their businesses from global competition.
A weekly review including:
– Oil and the Global Economy
– Deepwater Horizon
– Quote of the Week
– Briefs
