Energy Transitions and the Next “Paradigmatic Image of the World”

The history of modern humankind has undergone two major energy transitions, marked by the invention and development of agriculture and the discovery and exploitation of oil. The two energy transitions partition human history into three phases: hunter-gatherer, agricultural, and industrial. Faber et al. (1996) refer to these phases as “Paradigmatic Images of the World,” because they describe the common structure of societies throughout the world. The most important question is “what is the next paradigmatic image of the world?”

Agricultural Commodities in Light of Peak Oil

The subject of Peak Oil seems timely this week, as it has been pointed to in a number of news-worthy articles and video interviews. It is imperative to stay informed on this issue. This article hopes to provide some of the latest pertinent information on the subject while tying together how agricultural and oil commodities may relate to Peak Oil.

Tracking U.S. farmers’ supply of nitrogen fertilizer

We burn through more of it per capita than any other country; and our appetite for it can only be sated with massive imports. No, not oil–I’m talking about nitrogen fertilizer. With only 5 percent of the world population, the U.S. consumes nearly 12 percent of the globe’s annual synthetic nitrogen fertilizer production. And we’re producing less and less of it at home–meaning that, as with petroleum, we’re increasingly dependent on other nations for this key crop nutrient.

The Oil Crunch: a wake-up call for the UK economy (report excerpt)

On 10 February 2010 at the Royal Society, six UK companies – Arup, Foster + Partners, Scottish and Southern Energy, Solarcentury, Stagecoach Group and Virgin – joined together to launch the second report of the UK Industry Task-Force on Peak Oil and Energy Security (ITPOES).

Delusions of Finance: Where We are Headed

Back in October, I participated in the 2nd International Biophysical Economics Conference at SUNY-ESF in Syracuse, New York. Charlie Hall had written to me, inviting me to come and give a talk. Specifically, he wanted me to go back to my post from January 2008 called Peak Oil and the Financial Markets: A Forecast for 2008 and explain why my forecasts had turned out pretty close to correct, while many others widely missed the mark. The title he suggested for the talk was Delusions of Finance.