Insight and inspiration in turbulent times.
Former oil and gas analyst Jan Lundberg says declining energy and climate ends globalization. It’s time to launch the lifeboats of localization and sustainable energy. Why big government can’t fix it — and why do we need big government at all? Lundberg sees an inevitable rebuild from his website culturechange.org.
A weekly update from a UK perspective.
-Tickle your fancy
-Re-Appointed Fed Chief Ben Bernanke Didn’t Get Us Out of the Economic Crisis, He Helped Cause It
-Growing Poverty And Despair In America
-Peak Oil, Peak Credit and Investments – “So What the Hell Does One Do”?
Last week Michael Lynch and Daniel Yergin pummeled the concept of peak oil in two mainstream media outlets. Lynch’s feisty but nearly fact-free op-ed for the New York Times and Yergin’s more scholarly reflection in Foreign Policy whipped up further discussion in the blogosphere. Although the majority of on-line responses to Lynch’s piece were negative, peak oil advocates were put on the defensive.
Unless the world’s economy continues to deteriorate and the worldwide demand for oil falls more rapidly than depletion, large price spikes somewhere ahead are almost inevitable.
-BP hails ‘giant’ oil find
-Giant Indian oil field comes on stream
-Canada’s Oil Sands – Part 2
-Brazil moves to boost control over new oil wealth
-Millions more Russians shunted into poverty
-Oil find sparks new hope for Uganda’s people
The end of oil is closer than we thought. An industry expert tells us we’re in for 40 years of bad road.
So we’ll visit the oil-free alternative called “Transition Town”, a community of high-energy people experimenting with a low-energy lifestyle in England.
A weekly review including:
– Production and prices
– Droughts in Asia
– Quote of the Week
– Energy Stat of the Week
– Briefs
I’m happy to communicate that yesterday, 2009/08/27, the city council of the Borough of Teo, in Galicia (NW Spain), passed a resolution acknowledging peak oil. As far as we know it’s the second Spanish local authority in doing so after La Palma in Canary Islands in 2007.
-A strategic blunder in the North-West Frontier Province
-U.S. Military Says Its Force in Afghanistan Is Insufficient
-Tensions Rise in Post-Election Afghanistan
-Is Pakistan’s Taliban movement on the way out?
-Iran Gas Ban: Step toward War with Iran?
-How Crime Pays for the Taliban
One “emerging consensus view”, even among politicians who continue rooting for economic growth if only to claw tax receipts for paying off swollen national debt, is that world oil demand will ceiling if not crater. Peak Oil has won converts, some of them even able to openly admit it is real, but mostly selling oil saving and oil substitution to consumers as part and parcel of the hunting down of the Evil Molecule called CO2.
