In this article, Sagar Dhara examines Capitalism’s crucial tipping points: The first, the impending energy and natural resource crisis, related to the sourcing of raw materials. The second, inequality, related to the production of goods and services. The third, global warming, which is related to greenhouse gas emissions (GHGs) in excess of the earth’s sink capacity.
Virtually everything in our homes, everything in our stores, got there on a truck. Prior to that, 90 percent of those items were transported on a ship and/or a train. If trucks, trains, and ships stopped running, our global economy and way of life would stop too. Alice Friedemann’s new book examines precisely this prospect.
The Guardian reports: According to a new NASA study, the average global surface temperature in February was 1.35C warmer than the average temperature for the month between 1951-1980, a far bigger margin than ever seen before. The unprecedented leap led scientists, usually wary, to label the new record a “shocker” and warn of a “climate emergency”.
We are hitting something similar to “Peak Oil” right now, but the major symptoms are unexpected. There is a glut of supply, and prices are far below the cost of production. Perhaps we should call it “Limits to Growth,” rather than “Peak Oil,” because it is a different type of problem than most people expected.
John Michael Greer writes: While the standard peak oil scenario did not happen, quite a bit of the economic, political, and social turmoil we’ve seen since 2005 or so was in fact driven by the impact of peak oil—but that impact didn’t follow the linear model that most peak oil writers expected it to follow.
Gail Tverberg writes: We are about to see a substantial disruption to the economy, as oil limits, as well as other energy limits, cause the economic supercycle to contract. Whether its Peak Oil, the Limits to Growth, or the Debt Supercycle, the underlying problem is the same – we’re reaching the limits of a finite world.
Oil prices drive not just economics, but geopolitics. Alliances rise and fall over petroleum. For these reasons and more, the collapsing value of oil will have profound consequences, with the potential to destabilize regimes, remake regions and alter the global economy in lasting and unforeseen ways. Fifteen experts tell Politico what that means for the world.
Gail Tverberg explains the correlation between rates of GDP growth and growth in energy supply. For decades, energy has been becoming more costly to obtain, but instead of accepting lower GDP growth, we have been using debt to fund further energy extraction. That strategy has diminishing returns, and we are close to the moment of reckoning.
Ron Patterson writes: It is obvious to me that OPEC is producing flat out. Only Iran has potential to increase production, but that will only replace decline in other OPEC nations. OPEC production will likely hold steady for the next four or five years before starting a steady decline. It will not prevent peak oil.
Peak Oil, Food Security and Urban Agriculture T. Vijayendra Abstract Peak Oil refers to the point when oil production reaches a peak, and henceforth can only fall. This has already happened. This has enormous implications for food security. It raises cost and prices of food because farm inputs – primarily fertilisers and pesticides – are petroleum
5 reasons why Tibet’s melting ice is a disaster for India, Europe and US Nihar Gokhale, Catch News Did you know that rivers originating in Tibet’s glaciers supply water to 1.3 billion people? That’s equivalent to the entire population of India. But these glaciers are fast disappearing due to global warming. Tibet’s sustainability is crucial
‘Capitalism is Mother Earth’s Cancer’: World People’s Summit Issues 12 Demands Common Dreams Decrying capitalism as a “threat to life,” an estimated 7,000 environmentalists, farmers, and Indigenous activists from 40 countries convened in the Bolivian town of Tiquipaya for this weekend’s World People’s Conference on Climate Change, aiming to elevate the demands of social movements
World will pass crucial 2C global warming limit, experts warn The Guardian UK Pledges by nations to cut carbon emissions will fall far short of those needed to prevent global temperatures rising by more than the crucial 2C by the end of the century. This is the stark conclusion of climate experts who have analysed
Global Harming: India’s rich have a bigger ecological footprint than the world average Nihar Gokhale, Catch News It is no secret that there’s a growth in luxury goods in India. A 10-minute walk in any big city would attest to this. Over the last few generations, lifestyles have changed significantly, and a culture of consumerism
Peak Oil: Myth Or Coming Reality? Gaurav Agnihotri, Oilprice.com We have yet to see evidence that we are nearing a peak in oil production. On the contrary, agencies like EIA and IEA have predicted a stable increase in crude oil production for the next few years at least. But supplies may not be the only,
Avery Morrow, Peak Oil Barrel The most attention-grabbing attempts to predict oil futures have come from geologists and environmental activists, who tend to look solely at production. An overlooked doctoral thesis by Christophe McGlade, Uncertainties in the outlook for oil and gas, in contrast, focuses on how both supply and demand might be constrained in the coming
G7: End of fossil fuel era? BBC News The G7 has called for a transformation of electricity generation towards renewables and nuclear by 2050. And they said fossil fuel should not be burned in any sector of the economy by the end of the century. Their targets are not binding – but they send a clear message
Australian artist Stuart McMillan has spent over 700 hours creating this amazing cartoon of the life and work of M.King Hubbert. McMillan writes on his blog about what he aimed to do with this cartoon: I knew that I couldn’t produce the definitive account of Peak Oil, through the medium ofcomics. I could simply never
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
Alice In Shale Gas Wonderland Julian Darley It is hard to know where to begin regarding Ambrose Evans-Pritchard’s article entitled “Energy crisis is postponed as new gas rescues the world.” But since the speculative world he invokes has more to do with Alice In Wonderland than the hard reality of engineering and science, let us