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How the modern fantasy of an eternal civilization warps our view of technology
How the modern fantasy of an eternal civilization warps our view of technology What historians call the Golden Age of Greece—which ran from about 500 to 300 BC—spawned the foundational Western philosophers Plato and Aristotle; mathematicians such as Euclid whose geometry is still taught in schools today; classical Greek dramatists such as Aeschylus, Sophocles, and Euripides, […]
With U.S. shale oil boom over, can world production climb?
With U.S. shale oil boom over, can world production climb? Prior to the pandemic-induced downturn in world oil production, U.S. oil production growth was responsible for 98 percent of the increase in world production in 2018 (as reported in 2019). Almost all of that growth resulted from rapid increases in shale oil production which accounted for 64 percent […]
East vs West, ‘Stuff’ vs ‘Finance’
East vs West, ‘Stuff’ vs ‘Finance’ As a military conflict rages in Ukraine between Russia and what the Russian government calls “the West” (apparently meaning NATO allies and particularly the United States), there is a parallel economic battle between “stuff” and “finance.” Both categories are affected by economic sanction regimes imposed by each side. But […]
Dutch dilemma: What is Europe willing to do for more natural gas?
Dutch dilemma: What is Europe willing to do for more natural gas? Modern global society is steeped in the idea of trade-offs, the notion that one must suffer losses to obtain desired gains. This prepares the way for disingenuous leaders to explain why sacrifices are necessary to reach supposedly exalted goals. Usually those sacrifices are […]
Energy consultancy keeps lowering worldwide recoverable oil resources
Energy consultancy keeps lowering worldwide recoverable oil resources It’s hard to say that three years makes a trend. But one of the world’s major energy consulting firms has lowered its estimate of world oil reserves for three years in a row now. Rystad Energy provides a publicly available analysis of world oil reserves each year. In […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
Oops! U.S. oil and gas exports fuel domestic price rise
Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]
Climate change, energy, and an unstable grid: The mainstream belatedly gets the connections
Climate change, energy, and an unstable grid: The mainstream belatedly gets the connections Memorial Day marks the unofficial beginning of summer in the United States as the temperate breezes of spring give way to an enveloping heat that has become more and more intense each year due to climate change. This summer forecasters are expecting […]
Just a hint from the mainstream that limits precipitate rising oil prices
Just a hint from the mainstream that limits precipitate rising oil prices Last week a Bloomberg writer at the very end of an article explained that the “only solution” to high gasoline and diesel prices is recession. While I would not accuse the writer of advocating degrowth—this would be too radical for a mainstream business publication—his […]
Resource limits and our strange game of musical chairs
Resource limits and our strange game of musical chairs With a wide range of commodities in limited supply, various regions of the world are now behaving as if they are engaged in simultaneous games of musical chairs when it comes to commodity shortages. The games differ by commodity and by region, but they all share […]
Easier said than done: National self-sufficiency in a changed world
Easier said than done: National self-sufficiency in a changed world In the wake of a rapidly evolving realignment of the world trading system resulting from the economic equivalent of World War III, President Joe Biden last week took the first of what are likely to be many steps toward building greater self-sufficiency for the United States. […]
World War III is here, but it’s not what we expected
World War III is here, but it’s not what we expected Movies and books have often portrayed World War III as either the final chapter of the human epoch or as a new but primitive restart for those who survive the nuclear conflagration. We cannot know if such prophesies will ultimately come true. For now […]
Ukraine conflict may portend end to current world trading system
Ukraine conflict may portend end to current world trading system At the beginning of nearly every war including the current one in Ukraine, there are those who loudly declare that it will be over shortly and then business-as-usual can resume. They are rarely right. While no one can say for certain what the trajectory of the Russian-Ukrainian […]
