ODAC Newsletter – Jan 6

The New Year failed to ring in the customary changes this time round. The great economic hangover moves into its fourth year with many predicting that things will take a turn for the worse during 2012. Geopolitically, the standoff between the West and Iran escalated over the holiday, hoisting oil prices over $113/barrel once again.

Iran and the price of oil – Jan 4

– EU agrees Iran oil embargo
– Iran’s Real Weapon Of Mass Destruction Is Oil Prices
– Iran prepares bill to bar foreign warships from Persian Gulf
– Obama Seeks to Distance U.S. from Israeli Attack (Iran)
– Iran’s new show of force
– Tehran Times: U.S. presence in Persian Gulf is damaging: Iran defense minister
– Nuclear Fuel Test Won’t Hasten Iran Bomb: Experts

Iran and the price of oil – Jan 3

– NYT: Iran Warns the United States Over Aircraft Carrier
– Oil up 3 percent on Iran warning and U.S., China data
– Iran risk accounts for up to $10-15 of oil price: Reuters’ Kemp (video)
– Crude Oil Prices Could Rise This Year, But Prices Could Be Very Volatile
– Conflict in Straits of Hormuz? $200 a Barrel Oil?

There’s hope for a new economy in the New Year

There’s hope that the U.S. will break free from this “global suicide pact” and develop a fundamentally different economy. My prediction for 2012: decentralized forces, formed in response to the unsustainable and unfair economic situation, will begin to fundamentally change how our national economy works. People in the Occupy Wall Street movement and groups working on human rights, public health, clean energy, and social and tax justice are laying the groundwork for a shift to a steady state — a dynamic and sustainable economy that pursues prosperity and full employment without GDP growth.

Commentary: 2012 Predictions

Last year ASPO-USA brought together a host of leading thinkers and their predictions for what to expect in 2011. While not all the predictions were on target, last year’s thinkers and leaders on energy issues were remarkably prescient, accurately anticipating among other things Arab Spring, the flow of energy prices, the re-emergent world food crisis, and the next step in the Transition movement. While foreseeing the future is a delicate exercise, there are real trends that are evident to eyes prepared to see. Here are their thoughts about the coming year. A Hopeful New Year to all from ASPO-USA!