Insight and inspiration in turbulent times.
The convention says that the supply constraints of peak oil lead to an increase in oil prices. But when you factor in fractional-reserve banking, does this not instead imply a decrease in prices?
If prices stay low for the next three years, the global oil industry and the countries it finances will be out $4.4 trillion in revenues.
Energy is often called the ‘lifeblood’ of civilisation, yet the overconsumption of fossil energy lies at the heart of two of the greatest challenges facing humanity today: climate change and peak oil.
A recent crowdfunding campaign to bail out Greece does little more than obfuscate the role that energy shortages play in Greece’s systemic collapse.
Of Asia’s total incremental oil imports since 2001, 4.5 mb/d (47%) have come from production growth, 3.9 mb/d (41%) from taking away imports of other countries (US, Europe, Africa and others) and 1.2 mb/d (12%) from direct consumption decline (US, Europe and others).
What’s new about Afterburn is that it offers two things that Transitioners or anyone else who forecasts a more local future needs today: inspiration and advice for the future…
Cuba is an unusual country that has been followed by many peak oilers. I recently visited there. I also followed my usual practice of looking up data from Internet sources about what is happening. I summarize my findings in this article.
Chris Nelder on why peak oil isn’t dead.
The story of peak oil presented as a graphic novel.
The possibility that 2015, give or take a year, will see the all-time peak in global oil production is coming in for increased discussion as some prominent analysts make a “peak year” call.
Glut of Capital and Labor Challenge Policy Makers: Global oversupply extends beyond commodities, elevating deflation risk. To me, this is a very serious issue, quite likely signaling that we are reaching what has been called Limits to Growth…
The conventional wisdom about steadily rising demand is wrong. Within two decades, global oil use will start to fall, according to sustainability professor at University of California.
