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Today’s Contemplation: Collapse Cometh LXI–Peak Oil: Not Ready For Mainstream Consumption


Today’s Contemplation: Collapse Cometh LXI

July 29, 2022 (original posting date)

Athens, Greece (1984). Photo taken by author.

Peak Oil: Not Ready For Mainstream Consumption

Today’s contemplation is based upon a post in a Peak Oil Facebook Group I belong to and the suggestion that the idea of Peak Oil is catching on more broadly and making its way into the ‘mainstream’.


I am not so sure that the idea of Peak Oil will catch on more broadly and make its way into the ‘mainstream’ — except perhaps on the margins during times such as we are currently witnessing where issues pertaining to energy and the cost of it dominates our worldview. This is what has occurred in the past, such as in the shadow of The Great Recession when oil reached it historical high in June, 2008. It will certainly receive more play amongst those who are aware of it and the consequences that flow from understanding it but amongst the general public I am not so convinced.

Not only is it likely that such mainstream recognition and discussions regarding Peak Oil will be limited in nature but I personally have to wonder how much the extent of the significant implications for everything in our complex societies will actually penetrate into a broader awareness, for a variety of reasons. The notion may gain more notoriety amongst an increased portion of the public than it currently does, but very likely not the existential consequences of the limits imposed by waning fossil fuel resources on the sociocultural complexities supported by them (i.e., pretty well everything in our complex societies, including but certainly not limited to food production, transportation, economic/financial systems, trade, etc.); nor is the notion likely to stick around for long or be widely discussed by many in the population given the media’s tendency to ignore/deny its more unsightly impacts on their prevalent narratives (e.g., chasing the infinite growth chalice is a great thing and needs to continue).

In addition, one can already see a wide array of alternative interpretations of our energy ‘crisis’ being put forward[1]. Some of these include: conspiracy by the elite to bring about The Great Reset; insufficient funding/capital towards all forms of energy production; a conspiracy to keep fossil fuel prices high (including the notion that ‘fossil’ fuels are limitless in quantity as they are abiotic/abiogenic in nature); geopolitical uncertainty, particularly in regions where fossil fuels are in significant quantities; misguided investment policy such as Environmental, Social, and Governance criteria; and, of course, the ultimate scapegoat for the world’s woes — Russia’s invasion of Ukraine.

While some leakage of the idea of the finiteness of the resource or limits to its extraction has occurred[2], many mainstream pundits have completely ignored the concern as it seems unworthy of consideration, or have questioned the accuracy/validity of the idea and thereby dismissed it.

Some mainstream media has indeed already discussed Peak Oil and some of its implications[3].

Mostly, the topic has seemed to get more attention when fossil fuel prices, especially oil and gas, begin to experience significant increases. But when the prices stabilise (usually at a higher floor) or the media has moved its focus onto some other crisis, the discussion shifts away and it is quickly forgotten.

Why will the concept and implications of Peak Oil be mostly absent from the mainstream conversation and/or dissipate relatively quickly?

Here’s my take. There are two primary reasons that I believe the concept and certainly the significant consequences of Peak Oil are unlikely to penetrate very deeply in to the zeitgeist of our ‘modern’ society, and they are the two main themes I have tended to discuss previously.

First, the elite, as they invariably tend to do, will attempt to leverage the impending crisis (as they have been for some time) to meet their primary motivation — maintenance/expansion of the wealth-generation/-extraction systems that provide their revenue streams and thus power/prestige/privileged positions. The status quo power and wealth structures that arise within the organisational imperatives required in a complex society must be preserved!

Since the elite also ‘control’ the mainstream media, and political and education systems, I expect them to keep doing (perhaps with an even hardier push) what they’ve been doing: sell/market the hopium-laced narrative that human ingenuity and our technological prowess can ‘save’ us from the environmental horrors (i.e., global warming/climate change) of burning fossil fuels. It’s no coincidence that they happen to ‘own’ the industrial processes and financial institutions necessary for such an endeavour.

One need only read the majority of ‘news’ or opinions about Peak Oil and it becomes clear that the ‘solution’ is always to transition to ‘green/clean’ energy and to electrify everything.

Second, the psychological mechanisms that impact/influence human beliefs and attitudes will also kick into gear as stress/disorder increases due to the negative consequences of Peak Oil, especially those aspects that lead our thinking/beliefs astray by attempting to: avoid pain and seek pleasure; reduce our cognitive dissonance; lead us to defer to/obey authority; have us go along to get along (i.e., the need to belong to a group); and, perhaps most significantly, the heuristics and biases that simplify complex issues and confirm misplaced beliefs. Basically we tend to gravitate towards the simple narratives offered by our ‘leaders’ and alter our beliefs to avoid painful thoughts.

And all the above doesn’t even touch upon the overwhelming evidence that fossil fuels (and the concomitant leveraging of technology to expedite our drawdown of a number of finite resources) have been the primary impetus leading to our significant overshooting of the globe’s natural carrying capacity for the human species.

What seems to be completely absent in virtually every ‘mainstream’ discussion about Peak Oil is the importance of fossil fuels in supporting virtually all of our complexities.

There are fossil fuel inputs into everything but especially modern industrial agriculture and transportation. These cannot be replaced by non-fossil fuel energy to any significant extent, if at all. Without relocalising food production in particular, we are setting ourselves up for significant food shortages.

Naïve, then, seems the call to abandon fossil fuels forthwith[4]. There appears zero comprehension of the consequences of that for the very dangerous complexities we have created. But it is also a marketing ploy to shift capital towards non-renewable, renewable energy-harvesting technologies (that depend significantly on fossil fuels). It is increasingly obvious that it is quite counterproductive to continue to chase the perpetual growth chalice (that is one of our greatest challenges that needs confronting) while cheerleading a reduction in fossil fuels.

We have hit significant diminishing returns on our extraction of fossil fuels. This is extremely problematic not only because they support virtually all of the complexities necessary for our very survival but because we continue to be beholden to systems that perpetuate the predicament, especially the pursuit of the infinite growth chalice.

If we do not prepare ourselves adequately and do not abandon our pursuit of growth, we risk massive negative consequences. In fact, it may already be too late to avoid most (all?) of such negative impacts given how far we are likely into ecological overshoot — a predicament I haven’t really touched upon in this contemplation.

A summary of my thoughts is clear from a response I shared this morning on an excellent article by The Honest Sorcerer, entitled Peak Oil Is Back With A Vengeance:

While everything you state is factual and based upon solid data and geological evidence [regarding the reality of Peak Oil], I fear our penchant to deny reality (especially if it is ‘painful’ in nature), reduce our cognitive dissonance (to alleviate stressful thoughts/beliefs), and defer to authority (that we give all too willingly to our ‘elite’) — as well as a potpourri of other psychological mechanisms that impact our beliefs — will once again see Peak Oil discussions/awareness/understanding be sustained/grow only on the margins of society.

Previous bouts of ‘awareness’ have arisen during similar times of stress, especially with regard to energy, but for the most part get lost in the alternative narratives that drown out the clarion calls about Peak Resources and seem directed to distract us from the ugly underside of ecological overshoot and its implications for our misbeliefs about humanity’s future and the magical thinking required to hold that more of what has caused our overshoot — namely technology — will somehow ameliorate/solve our errant ways and existential crises.

The vast, vast majority of people will either choose to ignore/deny the reality of Peak Oil (and especially its implications for our complex societies that completely depend upon fossil fuels for existence) or acknowledge it and then hold on to the rope being dangled by the elite that our ingenuity and technological prowess will ‘solve’ our issues (and, of course, it’s no coincidence that the push by our elite is primarily because they own the industries and institutions that are offered as saviours and stand to profit handsomely from the capital flowing into them).

Even if the concept and some of its significant implications do re-enter the mainstream and actually stick or becomes a common concern, I have to wonder how it will be manipulated by the narrative control managers for the elite. Somehow things are bound to get even more distorted than they are currently, especially given the psychological mechanisms that help to mislead our beliefs (recency, optimism, and confirmation biases particularly).

As with all things, however, time will tell how this plays out…I’m guessing not very well.


[1] A few examples: https://internationalman.com/articles/david-stockman-on-the-all-out-commitment-to-destroy-fossil-fuels-will-it-succeed/; https://www.statista.com/chart/27807/european-gdp-output-losses-twelve-months-after-a-russian-gas-supply-shut-off/; https://www.zerohedge.com/markets/putin-turns-screws-gazprom-unexpectedly-halts-another-more-nord-stream-turbine-european-gas; https://oilprice.com/Latest-Energy-News/World-News/Refinery-Shuts-Down-Due-To-Lack-Of-Crude.html; https://mises.org/library/trouble-oil; https://www.amazon.com/Myths-Lies-Wars-William-Engdahl/dp/3981326369/ref=sr_1_1?keywords=myths+lies+and+oil+wars&qid=1578501116&sr=8-1;

[2] https://www.reuters.com/world/macron-tells-biden-that-uea-saudi-can-barely-raise-oil-output-2022-06-27/; https://www.bloomberg.com/news/articles/2022-06-27/macron-tells-biden-that-uae-and-saudi-pumping-near-oil-limits; https://oilprice.com/Energy/Crude-Oil/UAE-Saudi-Arabia-Pumping-Oil-Near-Limits-Macron.html; https://www.worldoil.com/news/2022/6/27/france-s-macron-tells-biden-that-uae-saudi-pumping-near-oil-limits/;

[3] Examples from my country’s national news institution, Canadian Broadcasting Corporation: https://www.cbc.ca/news/business/peak-oil-problems-and-possibilities-1.845183; https://www.cbc.ca/news/canada/manitoba/ex-premier-slams-province-over-peak-oil-1.1038638l; https://www.cbc.ca/news/canada/manitoba/record-gas-prices-blamed-on-peak-oil-1.1039028; https://www.cbc.ca/news/business/ihs-iea-electric-autonomous-ride-hailing-1.3983818;

[4] https://www.timesnownews.com/mirror-now/in-focus/world-must-abandon-fossil-fuels-urgently-say-scientists-as-they-prepare-to-present-landmark-ipcc-report-article-90642366; https://www.chesterstandard.co.uk/news/national/19621587.fuel-crisis-good-lesson-need-abandon-fossil-fuels-says-minister/; https://www.duluthnewstribune.com/opinion/local-view-abandon-fossil-fuels-to-avoid-climate-catastrophe; https://www.theguardian.com/news/2015/apr/08/can-world-economy-survive-without-fossil-fuels; https://www.nytimes.com/2021/05/18/climate/climate-change-emissions-IEA.html

Do Conspiracies Really Exist? Murray Rothbard Thought So

Do Conspiracies Really Exist? Murray Rothbard Thought Soconspiracy

 It is also important for the State to inculcate in its subjects an aversion to any “conspiracy theory of history;” for a search for “conspiracies” means a search for motives and an attribution of responsibility for historical misdeeds. If, however, any tyranny imposed by the State, or venality, or aggressive war, was caused not by the State rulers but by mysterious and arcane “social forces,” or by the imperfect state of the world or, if in some way, everyone was responsible (“We Are All Murderers,” proclaims one slogan), then there is no point to the people becoming indignant or rising up against such misdeeds. Furthermore, an attack      on “conspiracy theories” means that the subjects will become more gullible in believing the “general welfare” reasons that are always put forth by the State for engaging in any of its despotic actions. A “conspiracy theory” can unsettle the system by causing the public to doubt the State’s ideological propaganda.

—Murray N. Rothbard, Anatomy of the State

This essay represents a “conspiracy theory” (or better, a conspiracy hypothesis) about the uses of the term “conspiracy theory” itself. I acknowledge that the term is one of the most potent epithets that can be hurled at a writer or speaker, that it is mostly used to delegitimize and dismiss its target, and that it serves not only to discredit the claim that a writer or speaker makes but also the very investigation into purported conspiracies. The phrase represents a condensed, shorthand means of labeling a claim negatively and humiliating the claimant, disqualifying the claimant and the claim a priori. Likewise, in writing of the “conspiracy” behind the use of the phrase, I am hereby opening myself up to the charge of “conspiracy theory.”…

…click on the above link to read the rest of the article…

We Are Ruled By Apes With PR Firms: Notes From The Edge Of The Narrative Matrix

We Are Ruled By Apes With PR Firms: Notes From The Edge Of The Narrative Matrix

Listen to a reading of this article:

So yeah basically we’re watching sociopathic oligarchs shore up more and more control over the global population and our electoral systems are rigged to prevent us from doing anything about it and our information systems are stacked to prevent mass-scale direct action against it.

You can’t vote your way out of a problem you never voted your way into in the first place. You can’t have a revolution while everyone is being successfully propagandized into accepting things as they are. Any solution is therefore going to have to come from somewhere they haven’t secured.

So we’re all just kind of watching this happen and hoping for what amounts to a miracle, or really a stack of miracles. What gives me hope is that I know humans have a lot of surprises within themselves that they haven’t even begun to explore yet. We might just get some miracles.

The behavior of global oligarchic power structures makes a lot more sense when you see that it’s not as much a lucid elite conspiracy as it is a few barely-conscious humans compulsively acting out psychological dynamics within themselves that they don’t really understand. Elite conspiracies happen to be sure, but what’s ultimately driving them is not a complete and coherent vision for the future which takes all things into account but rather the simple egoic impulses of barely-evolved primates blindly trying to shore up control like chimps asserting dominance.

The sociopaths who rule our world are no more conscious of their own inner processes than your average serial killer…

…click on the above link to read the rest of the article…

Here is The Hidden $150 Trillion Agenda Behind The “Crusade” Against Climate Change

Here is The Hidden $150 Trillion Agenda Behind The “Crusade” Against Climate Change

We now live in a world, where bizarro headlines such as the ones below, have become a daily if not hourly occurrence:

  • *TREASURY TO STUDY IMPACT OF CLIMATE ON HOUSEHOLDS, COMMUNITIES
  • *TREASURY LAUNCHES EFFORT ON CLIMATE-RELATED FINANCIAL RISKS
  • *BRAINARD: CLIMATE-SCENARIO ANALYSIS WILL HELP IDENTIFY RISKS
  • *BRAINARD: CLIMATE CHANGE COULD HAVE PROFOUND ECONOMIC EFFECTS
  • *MESTER: FED LOOKS AT CLIMATE CHANGE FROM VIEW OF RISKS TO BANKS
  • *FED IS TAKING THE RIGHT COURSE ON MONITORING CLIMATE CHANGE
  • *FED SHOULD CONSIDER CLIMATE-CHANGE RISK TO FINANCIAL SYSTEM

Now, in case someone is still confused, none of these institutions, and not a single of the erudite officials running them, give a rat’s ass about the climate, about climate change risks, or about the fate of future generations of Americans (and certainly not about the rising water level sweeping away their massive waterfront mansions): if they did, total US debt and underfunded liabilities wouldn’t be just shy of $160 trillion.

So what is going on, and why is it that virtually every topic these days has to do with climate change, “net zero”, green energy and ESG?

The reason – as one would correctly suspect – is money. Some $150 trillion of it.

Earlier today, Bank of America published one of its massive “Thematic Research” tomes, this time covering the “Transwarming” World, and serves as a massive primer to today’s Net Zero reality. The report (which is available to all ZH pro subs) is actually a must read, interesting, chock-full of data and charts such as these…

… and handy cheat sheets…

…click on the above link to read the rest of the article…

People Don’t Understand How Unfree We Already Are

People Don’t Understand How Unfree We Already Are

Listen to a reading of this article:

The biggest and most widespread blind spot among those who oppose totalitarian control by the powerful is the assumption that it has not already been achieved.

We’ve been so busy watching out for the next overtly totalitarian dictatorship that wants to put the jackboot on our necks we never noticed the covert totalitarians sliding the shackles around our minds.

Everyone thinks about the abusers who beat their spouses, but not the abusers who dominate their spouses’ minds with psychological manipulation.

Everyone thinks about psychopathic killers prowling the streets, but not the psychopathic killers who rule our world via mass-scale manipulation.

Conspiracy analysts warn that the government is trying to give everyone a social credit score to force us all to comply with the agendas of the powerful, in nations where mass-scale narrative management through the media and online algorithms already manipulates everyone into complying with the agendas of the powerful.

People assume that they aren’t already behaving exactly how the powerful want them to behave within a civilization whose political, monetary and economic systems are already completely under the control of the powerful.

People think they are free just because they can go and buy whatever they want in an economy rigged for the powerful using money rigged for the powerful, because they can say whatever they want on internet platforms whose algorithms are manipulated by the powerful, because they can vote for a politician who only got on the ballot by being owned by the powerful.

People think they are free because the system let them elect a “populist” like Donald Trump, even after that “populist” spent four years doing nothing but advancing the interests of the powerful.

…click on the above link to read the rest of the article…

Federal Reserve & Fake Conspiracies

QUESTION: I found your history of the Federal Reserve very insightful which nobody else has put together. Can you explain your comment that the ECB could go bankrupt but not the Fed?

Thank you very much.

HB

ANSWER: Here is a full set of $1 bills with each issued by its respective branch. I would like to t5han Kohn C for having this framed and sent to me as a gift. The Federal Reserve is independent whereas it has its own authority to increase or decrease its power to create elastic money. I understand that many see this as evil, but it was absolutely essential. During an economic crash, people hoard their cash and do not spend it. Consequently, banks start to fail because they lent money out long-term as in mortgages but the demands by depositors are immediate. That is why a bank would fail in the midst of a run. Its assets are tied up in loans which they then recall and cannot sell the real estate to get liquid.

Right now we have had that problem where the velocity of money has been declining from 2007 until Trump was elected, but then it took a nose-dive in a waterfall event thanks to COVID lockdowns and rising unemployment. The Fed’s “elastic” money means they can create money in electronic form purchasing in debt which in theory injects cash into the system. However, because Congress has been so corrupt, the requirement to buy government debt has not directly helped the economy as it was originally intended to do in 1913 when it would only by corporate debt. That prevented companies from going bust and laying off people because they did not have the immediate cash.

…click on the above link to read the rest of the article…

martin armstrong, armstrong economics, fed, us federal reserve, money printing, money, fiat currency, conspiracies

American Conspiracies & Cover-upsJFK, 9/11, the Fed, rigged elections, suppressed cancer cures and the greatest conspiracies of our time

American Conspiracies & Cover-upsJFK, 9/11, the Fed, rigged elections, suppressed cancer cures and the greatest conspiracies of our time

In today’s world, the phrase “conspiracy theory” is pejorative and has a negative connotation. To many people, a conspiracy theory is an irrational, over-imaginative idea endorsed by people looking for attention and not supported by the mainstream media or government.

History shows, though, that there have been many times when governments or individuals have participated in conspiracies. It would be naïve to think that intelligence agencies, militaries, government officials, and politicians don’t sometimes cooperate in covert, secretive ways. Following are five instances when it’s been proven that the government engaged in a conspiracy.

THE GULF OF TONKIN RESOLUTION

On August 4, 1964, Captain John J. Herrick, the commander of the USS Maddox, a US Navy vessel that was on an intelligence-gathering mission in the Gulf of Tonkin, reported to the White House and Pentagon that North Vietnamese patrol boats had fired torpedoes at his ship, and, so, the Maddox had fired back.

Two days later, Secretary of Defense Robert McNamara testified to the Congress that he was certain that the Maddox had been attacked. On August 7, the Gulf of Tonkin Resolution was passed, the Congressional act that allowed President Johnson free reign to commence war; Johnson immediately ordered air strikes on North Vietnam and the Vietnam War—which would eventually kill fifty-eight thousand Americans and two million Asians—was underway.

Since then, it has been shown and proven that no North Vietnamese boats ever fired on the Maddox, and that McNamara had been untruthful when he testified before Congress. According to the official publication of the Naval Institute,

…once-classified documents and tapes released in the past several years, combined with previously uncovered facts, make clear that high government officials distorted facts and deceived the American public about events that led to full US involvement in the Vietnam War.”

 …click on the above link to read the rest of the article…

How Conspiracy Theories Really Work

How Conspiracy Theories Really Work

How Conspiracy Theories Really Work

In the United States «conspiracy theory» is the name given to explanations that differ from those that serve the ruling oligarchy, the establishment or whatever we want to call those who set and control the agendas and the explanations that support the agendas.

The explanations imposed on us by the ruling class are themselves conspiracy theories. Moreover, they are conspiracy theories designed to hide the real conspiracy that our rulers are operating.

For example, the official explanation of 9/11 is a conspiracy theory. Some Muslims, mainly Saudi Arabians, delivered the greatest humiliation to a superpower since David slew Goliath. They outsmarted all 17 US intelligence agencies and those of NATO and Israel, the National Security Council, the Transportation Safety Administration, Air Traffic Control, and Dick Cheney, hijacked four US airliners on one morning, brought down three World Trade Center skyscrapers, destroyed that part of the Pentagon where research was underway into the missing $2.3 billion, and caused the morons in Washington to blame Afghanistan instead of Saudi Arabia.

Clearly, the Saudi Arabians who humiliated America were involved in a conspiracy to do so.

Is it a believable conspiracy?

The ability of a few young Muslim men to pull off such a feat is unbelievable. Such total failure of the US National Security State means that America was blindly vulnerable throughout the decades of Cold War with the Soviet Union. If such total failure of the National Security State had really occurred, the White House and Congress would have been screaming for an investigation. People would have been held accountable for the long chain of security failures that allowed the plot to succeed. Instead, no one was even reprimanded, and the White House resisted all efforts for an investigation for a year. Finally, to shut up the 9/11 families, a 9/11 Commission was convened. The commission duly wrote down the government’s story and that was the «investigation».

…click on the above link to read the rest of the article…

‘Bloggers’ Compared to ISIS During Congressional Hearing

‘Bloggers’ Compared to ISIS During Congressional Hearing

People who challenge establishment narratives online likened with terrorist organization

Bloggers, conspiracy theorists and people who challenge establishment narratives on the Internet were all likened to ISIS terrorists during a chilling Congressional hearing which took place yesterday.

The hearing, hosted by the House Foreign Relations Committee, was titled “Confronting Russia’s Weaponization of Information,” and accused Russian state broadcaster RT of weaponizing “conspiracy theories” to spread propaganda.

One of the speakers giving testimony was former RT host Liz Wahl, who made a public spectacle of quitting Russian state media last year in an incident stage-managed by neo-con James Kirchick, himself a former employee of Radio Free Europe – a state media outlet.

Remarking that the Internet provided a platform for “fringe voices and extremists,” Wahl characterized people who challenge establishment narratives as a “cult”.

“They mobilize and they feel they’re part of some enlightened fight against the establishment….they find a platform to voice their deranged views,” said Wahl.

Referring to comments made in January by US Broadcasting Board of Governors (BBG) chief Andrew Lack, who characterized RT as a threat on the same level as ISIS and Boko Haram, Wahl said the comparison was justified.

“By using the Internet to mobilize people that feel displaced, that feel like they’ve been on the outskirts of society, and give them a place where they can find a sense of belonging, and maybe make a difference in their own way, and it’s a problem,” she said.

 

…click on the above link to read the rest of the article…

Are Conspiracy Theorists Nuts?

Are Conspiracy Theorists Nuts?

Conspiracy Theorists USED TO Be Accepted As Normal

Democracy and free market capitalism were founded on conspiracy theories.

The Magna Carta, the Constitution and Declaration of Independence and other  founding Western documents were based on conspiracy theories. Greek democracy and free market capitalism were also based on conspiracy theories.

But those were the bad old days …Things have now changed.

The CIA Coined the Term Conspiracy Theorist In 1967

That all changed in the 1960s.

Specifically, in April 1967, the CIA wrote a dispatch which coined the term “conspiracy theories” … and recommended methods for discrediting such theories.  The dispatch was marked “psych” –  short for “psychological operations” or disinformation –  and “CS” for the CIA’s “Clandestine Services” unit.

The dispatch was produced in responses to a Freedom of Information Act request by the New York Times in 1976.

The dispatch states:

 

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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