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The Global Economy Is Rapidly Slowing Down
The Global Economy Is Rapidly Slowing Down Summary Between a domestic real estate bubble bursting, the Evergrande debt crisis, electricity power outages, plus negative service and manufacturing PMIs in September, China’s economic slowdown has been very swift. The practice of defaulting on foreign debt and trying to restructure domestic debt is common in emerging market […]
The “New Energy Economy”: An Exercise in Magical Thinking
The “New Energy Economy”: An Exercise in Magical Thinking EXECUTIVE SUMMARY A movement has been growing for decades to replace hydrocarbons, which collectively supply 84% of the world’s energy. It began with the fear that we were running out of oil. That fear has since migrated to the belief that, because of climate change and […]
Peak Oil Demand Forecasts Turn Sour As Demand Keeps Growing
Peak Oil Demand Forecasts Turn Sour As Demand Keeps Growing Predicting oil—or, apparently, gas—prices is a notoriously uncertain business Over the longer term, predicting oil prices becomes even more challenging But besides crazy bets on high oil prices in the near future, there are other signs that the demise of fossil fuels has been greatly […]
Homage to soil
Homage to soil Perhaps surprisingly, given that I worked for more than 20 years for an organisation called the Soil Association, my striving to understand the full significance and importance of the soil is still an evolving process which continues to be inspired and illuminated by ongoing revelations derived from my farming, my reading and my […]
Leaked documents reveal the fossil fuel and meat producing countries lobbying against climate action
Leaked documents reveal the fossil fuel and meat producing countries lobbying against climate action Files show how Brazil, Argentina, Australia, Japan, Saudi Arabia and OPEC have pressed to water down a key UN scientific report. Some of the world’s biggest coal, oil, beef and animal feed-producing nations are attempting to strip a landmark UN climate […]
Chokepoint democracy: Workers capitalize on global system weak spots
Chokepoint democracy: Workers capitalize on global system weak spots In his book Carbon Democracy Timothy Mitchell attempts to explain the rising and falling political power of the working class in terms of the evolution of the world’s energy system. The first fossil fuel, coal, required hoards of men (and it was almost exclusively men) to bring […]
Deconstructing Electric Vehicles on the eve of Glasgow COP26
Deconstructing Electric Vehicles on the eve of Glasgow COP26 A lead human-interest story in the weekend Wheels section of a major Canadian newspaper is about a 2-car family’s transitioning from a hybrid to an EV as they “try to be more sustainable”. They upgrade their daily car every few years to seek “improvements in fuel efficiency, reliability […]
Path to a Greener Future: Tax Kids or Just Ban Them Outright
Path to a Greener Future: Tax Kids or Just Ban Them Outright The Greens need to step up to the plate with some truly sustainable proposals. I have a couple of ideas. Ironies of Build Back Better President Biden wants free college education, free preschool for kids, and increased child tax credits. All of these […]
The Long Descent — Decline and Fall of Industrial Society
The Long Descent — Decline and Fall of Industrial Society The title of this piece is borrowed from John Michael Greer’s 2008 book The Long Descent, the central thesis of which is threefold. Firstly, the industrial civilisation we take for granted is unsustainable and is in decline. The evidence for this is all around us but many […]
Evolution and Climate Change Through the Lens of Power
Evolution and Climate Change Through the Lens of Power During the last century, evolutionary biologists developed the idea that power (defined as the rate of energy transfer) is key to the survival and success of species. This notion was formalized as the maximum power principle, which biologist John DeLong has explained as follows: “biological systems organize […]
Green Policies Return the World to Coal
Green Policies Return the World to Coal There’s scarcely a place in the modern world that will not be feeling the high cost and discomfort of a shortage of energy supplies and their increasingly soaring prices. Lebanon already is. Due to a shortage of oil, the two power plants that supply 40% of that country’s electricity […]
Coal Generation In UK Jumps As Wind Speed Drops
Coal Generation In UK Jumps As Wind Speed Drops Coal met some 3 percent of the UK’s electricity demand on Friday morning, reaching its highest level of Britain’s power generation in one month, amid lower wind speeds this week and an outage at a gas-powered plant, Bloomberg reports. The last time the UK generated 3 percent […]
EU fails to reduce dependency on fossil fuels amid soaring energy bills
EU fails to reduce dependency on fossil fuels amid soaring energy bills, As the global energy crisis intensifies, the EU is renewing its commitment to fossil fuels instead of investing in green energy European Commissioner for Energy Kadri Simson speaks about European solutions to the rise of energy prices for businesses and consumers at the […]
Europe’s Energy Crisis Is a Warning Sign for America
A tanker is stocked with fuel as workers walk past at the Hamble oil refinery near Southampton, southern England, on Oct. 4, 2021. (Adrian Dennis/AFP via Getty Images) Europe’s Energy Crisis Is a Warning Sign for America An energy crisis is rocking the world, the likes of which we haven’t seen since the 1970s. Although headlines about […]
Here’s Why Energy Prices & Shortages Are Going Berserk | Art Berman
Here’s Why Energy Prices & Shortages Are Going Berserk | Art Berman Energy is suddenly headline news. Oil, which traded at negative prices for a brief moment last year due to the global economic slowdown caused by the pandemic, is now expected by a number of analysts to hit $100/barrel soon. Europe is worried about […]
