Richard Heinberg Navigating the New Economic Reality Part 1
In this keynote presentation Richard surveys three over-arching global trends that provide the context for smart local economic development and planning.
In this keynote presentation Richard surveys three over-arching global trends that provide the context for smart local economic development and planning.
•Shale gas won’t stop peak oil, but could create an economic crisis •Oil giants could feel major pain should world get serious about reducing global temperatures •Why you should be cautious about the next oil boom forecast that you hear •Catastrophic Oil Spill Threat to Canadian River Basin •Climate experts weigh in on flood in the heart of oil country
Russia is at its 2nd and last oil peak. The easy oil is gone. The FSU export peak comes ahead of the production peak.
A weekly update including: Oil and the Global Economy, The Middle East North Africa, China, Quote of the Week, The Briefs
While some predict peak oil will soon be the end of industrial society, others shrug it off as scaremongering. But if we are running out of oil, is intervention needed to mitigate the impact of peak oil – or will market forces and technological innovation be a sufficient response?
•Rising energy prices will challenge western way of life – MoD report •Dangerous Times As Energy Sources Get Costlier To Extract •Peak oil: preparing for the extinction of ‘petroleum man’ •Greenwashing the Tar Sands, Part 3: Wherein money trumps fact every time
Smil’s mantra is this: "All of the past shifts to new sources of primary energy have been gradual, prolonged affairs, with new sources taking decades from the beginning of production to become more than insignificant contributors, and then another two to three decades before capturing a quarter or a third of their respective markets."
"If you really grasp the idea that this is not suddenly going to turn around, in six months or a year, you begin to look at your life very differently," says Dr. Kathy McMahon, clinical psychologist and self-named "Peak Shrink."
A mid-week update…Oil prices rebounded this week with Brent climbing above $104 after trading below $100 on Monday…
•Oil guru says US shale revolution is ‘temporary’ •A Black Mound of Canadian Oil Waste Is Rising Over Detroit •Analysis – Oil executives tune out the call of the wild Arctic •The delayed oil impact of the ‘Arab spring’
Too many experts from McKinsey and elsewhere seem to think that life is like an iPhone screen. But here is the bad news: Life does not care about iPhones, iPads, and similar.
In the last 10 years the world’s annual car production went up from 41 million to 63 million cars in 2012, or 52%… in the same period, global liquid supplies went up only 16%, an obvious mismatch.