Insight and inspiration in turbulent times.
During recent weeks, evidence has piled up that U.S. and European economies, far from recovering, are swirling back into recession. Failure of American politicians to address the federal debt crisis, the U.S. credit rating downgrade, and increasing fragility of European economies have investors running for the hills.
3 years on from the worst economic crisis since the great depression and things are looking…well worse really. What is going on, and what actions should we be taking? Read our web chat with Nate and Richard.
French translation of the animation Who Killed Economic Growth?.
“Imagining a world without oil” describes in stark detail what might happen if one day the world decided to decommission all its oil tankers, rigs, pipelines and strategic reserves. The authors, environmental scientist Steve Hallett and journalist John Wright, expect that we’d initially see sky-high prices and long lines at pumps. After a few weeks, fuel wouldn’t be had at any price and even first-world citizens would struggle to stay fed and out of the elements. This is no Hollywood doomsday scenario—it’s a levelheaded extrapolation from current trends in the fast deteriorating world energy situation. [An essay prefiguring the book originally appeared in The Washington Post.]
For a long time, I had in mind the idea that when things start going bad, they tend to go bad fast. We might call this tendency the “Seneca effect” or the “Seneca cliff,” from Lucius Anneaus Seneca who wrote that “increases are of sluggish growth, but the way to ruin is rapid.”
At the intersection of global energy depletion and concerns about human impact on the environment lie some serious and oft overlooked issues. Largely gone from our public discourse is the idea that oil is infinite. It is now accepted, even to previous staunch cornucopians, that increasing, or even maintaining oil production will come only at higher costs. The new response to the energy/environmental crisis is to transition to a green economy, replacing our declining stocks of fossil sunlight with new technologies able to harness our current sunlight in its various forms. That these renewable technologies are available, viable and becoming more popular is not in question – however, whether these low carbon strategies can combine with now more expensive fossil fuels to maintain a growth trajectory for both the developed and developing worlds is another question entirely.
We speak with engineer, author and speaker Mat Stein about his books, When Technology Fails and the upcoming, When Disaster Strikes. Mat explains how our illusion of abundance and order can be easily shattered through solar flares, EMP strikes and peak oil.
“If anyone tells you that there’s a single-factor explanation for societal collapse,” says collapse guru Jared Diamond, “you know right away that they’re an idiot. This is a complex subject.” So, forget about peak debt, peak oil, peak climate, peak Harry Potter or even peak everything as the single most important problem that could bring today’s whole pulsing, beaming and txt-mssgng mess down into a lifeless pile of shorted-out microchips, rusted carburetors and busted sporks from Taco Bell. Diamond gives the Five Fatals that could do us in, using the example of the unlucky Greenland Norse.
I could never understand why activists picked on the personal automobile so much. Sure, people die in accidents. The car also uses a lot of oil and spews a lot of pollution. But so do planes, ships and lots of other machines. And won’t gasoline cars soon be replaced by cleaner hybrids or even 100% clean electric vehicles? Now, after reading “Stop Signs,” I can see the problem — as the main gateway drug to excessive consumption of everything from suburban homes and appliances to self-storage, more than anything else, the auto literally drives climate change and peak oil.
Dmitry Orlov scares me. But it would be a shame if his fearsome reputation as a relentless doomer scared others off from reading the revised edition of his book that came out this year, Reinventing Collapse: the Soviet Experience and American Prospects. As a foreign-born analyst of the American scene, Orlov is as prescient as Alexis de Tocqueville. But Orlov, of course, is edgier, just like that other analyst of the American character: Gallagher. Yes, that Gallagher, the prop comic we loved in the 1980s for smashing watermelons on stage.
So far, we are on course for full-force collision. The fundamental problems with our monetary and financial systems have not been addressed, but only papered over. The latest excerpt from Richard Heinberg’s new book ‘The End of Growth’.
Clive Hamilton has been researching energy and its problems for years. But judging by his book on why the world’s governments have failed to slow industrial society’s slide towards climate disaster, Hamilton is either willfully ignorant of peak oil, or too scared to talk about it. But like too many people who care about climate change, he’s only getting half the story — and helping to handicap the climate movement in the process.
