Peak oil futures: same crisis, different responses

Peak oil theorists predict an impending terminal decline of world oil production, with no adequate alternate resource and technology available to replace oil as the backbone resource of industrial society. Instead of endlessly debating whether peak oil theorists are right or wrong, let us simply ask what would happen if they were right. Based on historical case studies I suggest that there would be different reactions in different parts of the world, ranging from predatory militarism to authoritarian retrenchment and the mobilization of local resilience.

Peak oil, prices, and supplies – May 6

-Groundhog Day for Oil
-Oil disaster may prove tipping point for world oil production
-Mother of all gushers could kill Earth’s oceans
-Peak Oil and the Return of the Jet Set
-Not So Fast: With Gas Prices Low, A Return To Oil
-Caution Required for Gulf Oil Spill Clean-Up, Bioremediation Expert Says

The principle of subsidiary function

When a society’s problems are caused by too much complexity, adding more layers of complexity is a recipe for more problems. In the abstract, this is easy enough to grasp, but applying it in practice is quite another matter. Fortunately, the writings of maverick economist EF Schumacher come to the rescue with another of his counterintuitive but valuable insights.

From the Deepwater Horizon

The Gulf of Mexico “spill” is really a man-made underwater volcano of oil. This accident taps a primeval fear in the human mind. Something dark and uncontrollable rushes out of the Earth, poisoning the global oceans. Could that really happen? Richard Heinberg, Anita Burke, Riki Ott, Antonia Juhasz, and new song “Corporate Catastrophe”.

Rabbit-fed pigs and farmers as teachers

I am on record as believing that the de-industrialization of our agriculture is both wise and inevitable – I do not believe we will have the wealth, the energy resources or the ability to absorb the outputs of our present agricultural model over the long term, and that because such a transition is necessary, we’d be better off doing it sooner than later, and more gradually than not. I believe in the necessity of that transition, and I also believe it is viable to drop the energy intensiveness of our agriculture dramatically while still feeding people…

Totnes Energy Descent Action Plan website launched today!!

It gives me the greatest pleasure this morning to launch the Totnes Energy Descent Action Plan website. The site makes the full version of the UK’s first EDAP freely available, invites comments and discussion, and will act as a dynamic portal for people to discuss the Plan and reshape subsequent revisions.

Industry leaders seem to be showing more openness to energy descent issues

I’ve spent the last two days at the Institute for the Future’s Ten-Year Forecast retreat in Sausalito, CA…At this retreat, I introduced ideas relating to peak net energy, and the possibility of major changes in the years ahead. I found industry leaders much more open than I had expected to listening to and understanding our energy predicament, and talking about what may be ahead. In this post, I would like to tell you about my experience.

Worse than 1789?

Senator Levin pretty much had Goldman Sach’s Lloyd Blankfein dead in a casket with that now-notorious email from GS’s head of sales and trading, Tom Montag, describing one of their billion-dollar investment “products” as “one shitty deal.” Levin seemed to delight in crossing the boundary into the realm of the unspeakable, knowing that even the so-called “family” newspapers and cable TV networks would have to report it. And just to make sure nobody missed the point, the senator repeated that phrase at least twenty times before the day was over.

The trophic theory of money

We can only hope that last week’s edition of The Daly News finds its way into the monetary policy arena, but without the cartoon. Something is very wrong with an image of Herman Daly holding a money bag from which a tree is sprouting. The brainy proportioning of Herman is nicely done, but the relationship between the money bag and the tree is completely backwards.

History’s Mad Hatters

On a winter’s day in Boston in 1773, a rally of thousands at Faneuil Hall to protest a new British colonial tax levied on tea turned into an iconic moment in the pre-history of the American Revolution. Some of the demonstrators — Sons of Liberty, they called themselves — left the hall and boarded the Dartmouth, a ship carrying tea, and dumped it overboard.