“The core issues would’ve gone on being ignored until the system broke down irretrievably. It should’ve been obvious that there had to be a shift to radical localism and simpler ways, but as long as rich world supermarket shelves remained well-stocked no one would take calls for downshifting seriously.” A futuristic vision from Ted Trainer.
Nagraj Adve writes: In any economy primed to continuously expand, technological improvements alone can only help so much. While being stunned by Trump’s victory, let’s neither underestimate nor render invisible the inherent, long-term economic tendencies that prevent greenhouse-gas emissions worldwide from declining as the science demands they should. In fact, they may well rise again.
With the production of ‘conventional oil’ having reached a plateau and fossil fuels in general under attack for their impact on the climate and the environment, the global oil industry is undergoing an unprecedented upheaval. Oil being the very lifeblood of all industrial societies, the geopolitical and economic consequences of these changes are already being felt.
NASA: World ‘Locked Into’ at Least 3 Feet of Sea Level Rise Common Dreams New research underway indicates that at least three feet of global sea level rise is near certain, NASA scientists have warned. That’s the higher range of the 1 to 3 feet level of rise the UN Intergovernmental Panel on Climate Change
Fossil fuels subsidised by $10m a minute, says IMF The Guardian UK Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund. The IMF calls the revelation “shocking” and says the figure is an
It’s Official: Global Carbon Levels Surpassed 400 ppm for Entire Month Common Dreams Marking yet another grim milestone for an ever-warming planet, the National Oceanic and Atmospheric Administration revealed that, for the first time in recorded history, global levels of carbon dioxide in the atmosphere averaged over 400 parts per million (ppm) for an entire
The Fracking Bust Hits Home Wolf Richter, Wolf Street In the latest reporting week, drillers idled another 84 rigs, the second biggest weekly cut ever, after idling 83 and 94 rigs in the two prior weeks. Only 1056 rigs are still drilling for oil, down 443 for the seven reporting weeks so far this year
Climate change inaction pushes ‘doomsday clock’ closer to midnight The Guardian, UK The symbolic doomsday clock moved to three minutes before midnight on Thursday because of the gathering dangers of climate change and nuclear proliferation, signalling the gravest threat to humanity since the throes of the cold war. It was the closest the clock has
“He who laughs has not yet heard the bad news.” – Bertolt Brecht (Editor’s Note: As a necessary corrective to the unbridled optimism of the mainstream media, here’s a selection of forecasts for 2015 by some of the most insightful alternative voices on world politics, energy and the economy. For those in a hurry, here’s a one-line
The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming Zero Hedge While the mainstream media continues to chant the happy-clappy side of lower oil prices, now, we have the first casualty of the shale oil leverage debacle as WSJ reports, on Sunday, a private company that drills in Texas, WBH Energy LP,
Why the Fracking Phenomenon Will Leave Us High and Dry Asher Miller, Post Carbon Institute A new, landmark report shows that hopes of a long-term golden era in American oil & gas production are unfounded. Eight Pieces of Our Oil Price Predicament Gail Tverberg A person might think that oil prices would be fairly stable. Prices would
A reality check on U.S. Government forecasts for a lasting tight oil & shale gas boom David Hughes, Post Carbon Institute Drilling Deeper reviews the twelve shale plays that account for 82% of the tight oil production and 88% of the shale gas production in the U.S. Department of Energy’s Energy Information Administration (EIA) reference
U.S. Streaks Past Saudi Arabia as World’s Largest Oil Producer Breitbart News The United States surpassed all other countries this year with daily crude oil and other petroleum liquids reaching 11 million barrels per day (mbd). Since the beginning of 2011, U.S. liquid fuels grew by more than 4 mbd, including 3 mbd of crude
Could Fighting Global Warming Be Cheap and Free? Paul Krugman, The New York Times In his latest column, well-known NYT columnist Krugman attacks, among others, the Post Carbon Institute, a leading think tank on Peak Oil and Climate Change, as wrong-headed and inducing “climate despair”. In a piece titled Paul Krugman’s Errors and Omissions the Post Carbon Institute’s Richard
How Climate Change is Going To Affect India By Nidhi Jamwal, Yahoo India A new set of reports by UN’s Intergovernmental Panel on Climate Change point to the rising incidence of freak weather occurrences, and the very real impact of these on our lives. Of course we’ve all heard of global warming, but here’s how
India’s Dangerous Food Bubble Lester Brown, an expert on population and resources and a former consultant to the Government of India on its five year plans, writes on India’s looming food crisis. According to him, while the adoption of higher-yielding crop varieties and the spread of irrigation have led to a remarkable tripling of grain
Six Key Trends Shaping the Energy Future The Paris-based International Energy Agency was established after the oil crisis of the early 1970s in a move by oil-consuming nations to keep better track of trends and improve energy security. Its annual World Energy Outlook, with hundreds of pages of analysis and charts, is considered the industry