Gain a fresh perspective on climate change and ecological sustainability with author Keith Akers as he delves into the impacts of fossil fuel extraction, the ecological crises facing our planet, and the radical changes needed for a sustainable future.
The post Peak oil and the Flawed Logic of Infinite Economic Growth, with Keith Akers appeared first on MintPress News.
ABSTRACT This is a response to the two sets of articles written by Sajai Jose on the Fourth Industrial Revolution and on the world’s and India’s hunger crisis. It is in two parts. In the first part it lays the historical background of the response of capital in the face of periodic crises it faces and people’s response to it.[Read More...]
Collapse is a frightening subject. The question of why collapse occurs is something I have pieced together over many years of study from a number of different sources, which I will attempt to explain in this post. Collapse doesn’t happen instantaneously; it happens many years after an economy first begins outgrowing its resource base. In fact, the resource base likely declines at[Read More...]
Strangely enough, the limit we seem to be reaching with respect to fossil fuel extraction comes from low prices. At low prices, the extraction of oil, coal, and natural gas becomes unprofitable. Producers go bankrupt, or they voluntarily cut back production in an attempt to force prices higher. As the result of these forces, production tends to fall. This limit comes long[Read More...]
by Thomas NeuburgerThe phrase "the end is near" has overtones so cartoonish as to render it meaningless. Joke after joke has been built on this announcement, many of them excellent.
This week JP Sottile joined me for the first hour to discuss the climate catastrophe. We started out by discussing how many people, including myself, have long ignored this issue. We talked about how daunting and overwhelming the crisis is, and how this has led many to feel as though they can’t do anything to […]
We often hear the statement, “When oil supply is lower, oil prices will rise because of scarcity.” Now, we are getting to see firsthand whether oil prices really do rise, as oil supplies become more scarce. Figure 1. Figure from the OPEC Monthly Oil Market Report for August 2019 showing world and OPEC oil production by month. Figure 1 shows that world[Read More...]
[audio mp3="http://www.corbettreport.com/mp3/2019-05-28%20Luke%20Rudkowski.mp3"][/audio]James Corbett joins Ricky Varandas of The Ripple Effect and Jeffrey Wilson and Pat Miletich of Conspiracy Farm for another roundtable swapcast. This time they break down the history of Big Oil carbon eugenics agenda and the future of the technocratic post-carbon world.
Most people expect that our signal of an impending reduction in world oil or coal production will be high prices. Looking at historical data (for example, this post and this post), this is precisely the opposite of the correct price signal. Oil and coal supplies decline because prices fall too low for producers. These producers make voluntary cutbacks because the prices they receive fall below their[Read More...]
Almost everyone seems to believe that our energy problems are primarily oil-related. Electricity will save us. I recently gave a talk to a group of IEEE electricity researchers (primarily engineers) about the current energy situation and how welcoming it is for new technologies. Needless to say, this group did not come with the standard mindset. They wanted to understand what the[Read More...]
