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A Most Dangerous Assumption: Mining the Future to Spend More Today

A Most Dangerous Assumption: Mining the Future to Spend More Today

What the cheerleaders are actually claiming is the process of adding zeroes to “money” is limitless, but there are limits on the utility of devaluing currency, too.

How prosperous would the world be if we hadn’t collectively borrowed and spent $315 trillion—-333% of global GDP? We all know the answer–not very prosperous at all, for production, consumption and profits would all be mere fractions of their current totals if we could not borrow money and could only spend cash on hand. Global Debt Hit $315 Trillion In Q1 2024.

All this money that’s been spent/invested has effectively been mined / extracted from future resources, labor and capital. The basic idea is that the interest that must be paid on this debt will be paid out of earnings generated by the productive use of resources, labor and capital in the future. Once the debt matures and the principle must be returned to the lender / bond purchaser, this principle must also be mined / extracted from assets available in the future.

Mining / extraction is the appropriate analogy because nothing is unlimited in the real world. Imagination–yes, it’s unlimited. Denial and delusion: yes, both are limitless. But tangible resources that can be recovered at costs the economy can bear, productive labor and capital are not limitless. If we mine the future too intensively, there won’t be enough left in the future to spend/invest at the level we enjoy today.

The fundamental assumption behind mining the future is that the pool of resources, labor and capital will continue expanding forever, effortlessly funding the interest and principle due on today’s borrowing and leaving more than enough to consume and invest in the future.

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

The Holy Trinity

The Holy Trinity

Getting a grip on energy, materials and civilisation

I like trying to get to the internal organs of the matter. Not just the heart, but also the brain, the kidneys, the stomach, the lungs, the skeleton. My conversation with Tim Garrett last week did just that, centring the matter of the universe alongside energy and human civilisation. This holy trinity speaks to the bigger picture, the holistic system, the body, mind and soul of reality and of the crisis. Perhaps we should refer to it as the wholy trinity.

Language is one of the ways I get to the heart, finding clues in our linguistics which reveal fundamental truths about the world. Speaking to physicists is another, and it amazes me that those in the know about the laws of the universe are not questioned more often about how to build functioning societies, or maybe what’s wrong with our own. Our economies cannot outsmart the laws of physics, no matter the linguistic tricks we pull (hello Net Zero carbon accounting). To me, physics gets to the skin of the matter, the ultimate boundaries we come up against in this particular universe. Perhaps it also gets to the stomach, for the laws of thermodynamics say a lot about our economic appetite.

Simply: The more energy available to a thing, the more it grows. And, for that thing to maintain itself, it needs an energy surplus because it is constantly expending energy in its search for and consumption of energy. Things grow into their energy surplus, and the more energy available, the more the thing will grow, and the bigger the appetite will become: things grow in order to find more resources in order to maintain themselves.

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

The Copper Supply Shortage Is Here

The Copper Supply Shortage Is Here

With the AI boom and green energy push fueling fresh copper demand, and with copper mines aging and not enough projects to match demand with supply, the forecasted copper shortage has finally arrived in earnest. Coupled with persistently high inflation in the US, EU, and elsewhere, I predict the industrial metal will surpass its 2022 top to reach a new all-time high this year:

Copper vs USD, 5-Year Graph:

The AI boom is stoking the need for more data centers, which will require around a million metric tons of copper by 2030. Meanwhile, this year’s deficit of 35,000 tons is expected to rocket up to a staggering 100,000 tons in 2025.

Electric car batteries and EV charging stations also depend on copper, adding to the problem of there not being enough activity at existing mines, or the development of new ones, to satisfy the industrial need. Says Bank of America analyst Michael Widmer:

“The much-discussed lack of mine projects is becoming an increasing issue for copper.”

While many mainstream forecasts depend on a solid economic rebound to keep demand for copper up, inflation is here to stay, especially as the Fed is likely going to be forced to cut interest rates at some point this year. Even with just one 2024 rate cut instead of the three that markets originally expected, higher USD prices for copper and other commodities like gold are on the way. Out-of-control inflation will drive prices higher even if the oomph gets sucked out of the AI bubble, or we see other signs of an economic “hard landing.” As Peter Schiff said last month,

“I think we’re on the verge of the biggest bull market in commodities since the 1970s…They’re cutting rates because they have to avoid a financial crisis — a banking crisis.”

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

Today’s Contemplation: Collapse Cometh C–Grieving: A Natural Response To Recognition Of Growth Limits


Today’s Contemplation: Collapse Cometh C

February 11, 2023 (original posting date)

Monte Alban, Mexico. (1988) Photo by author.

Grieving: A Natural Response To Recognition Of Growth Limits

Denial, anger, bargaining, and depression in the face of grievous reality is everywhere; and we all do it to some extent. Some move through the stages more quickly while others remain bogged down in one or more. And it’s not uncommon to bounce back and forth between different stages.

We don’t want to accept the unpalatable, particularly our (and society’s) mortality. Grappling with such thoughts can be debilitating, both physically and psychologically. I know my first few years of reflecting upon our various predicaments as I travelled down the rabbit’s hole that is Peak Oil was most difficult. My anxiety was, at times, through the roof; but being who I am much of that was channelled into physical activities, particularly constructing some elaborate food gardens.

Psychologists are fairly certain that moving to the final stage of grieving — acceptance — and engaging with reality in a more forthright manner (even when it is not what we wish or want) allows one to deal with the emotions in a way that helps us to validate them in a healthier way. But this is so difficult to do when we are grieving. Extremely difficult.

Accepting, for example, that our complex society and its relatively high living standards (thanks primarily to our leveraging of a one-time cache of photosynthetic-created energy) have an expiration date is a contemplation the vast, vast majority of us do not want to consider. We desperately fight to keep the negative thoughts out of our minds, thereby impacting the belief systems through which we interpret the world — its past, present, and future.

In a world that has experienced significant problem-solving success due to our tool-making abilities and this finite supply of dense and transportable energy reserves, it’s exceedingly difficult to imagine this trend of ‘progress’ is coming to an end. We subsequently weave a variety of comforting narratives to avoid such a disheartening reality.

“Complex technologies and human ingenuity will save us from any problem we encounter, including (place your favourite one here)” is one common narrative…except inductive reasoning/logic of this nature does not always work. Continual observations by the turkey of the farmer have provided nothing but overwhelming evidence and positive reinforcement that the farmer is a beneficent and thoughtful caregiver; right up until the day before Thanksgiving and the trip behind the barn to the killing cone, knife in hand.

Confronting the blinders imposed upon us by these comforting narratives allows us to view our world and reality differently, and very much more accurately in my opinion. Not perfectly, but more reflective of the limits existence upon a finite world brings to a biological species not very much different from all the others on this planet — except perhaps for its tool-making skills and denial of reality.

Alas very, very few want to do this. We would rather remain comfortable in our beliefs that humanity is not limited by its physical environment and stands outside Nature. To paraphrase Nietzsche: we don’t want exposure to reality because that destroys our illusions.

One such illusion among others that I’ve confronted recently is the belief that growth (be in economic or population) is not only inevitable but purely beneficial. It has been driving a significant construction ‘boom’ in my province and more specifically my town for a number of years. I’ve written about this before but I continue to see some rather misguided but quite common beliefs dominating the discussion among locals.

The following thoughts are what bubbled up in my mind as I reflected upon these conversations and what the significant majority of my fellow Ontarians appear to believe.


We need to reject the mythos that growth (especially economic but also population) is always and forever a good/beneficial policy path. It is not. Not only are the very real negative environmental/ecological consequences ignored or rationalized away in such a story, but the limits of what is possible and social problems that arise from it mostly discounted/minimized.

In addition, the tendency to assume such growth is inevitable completely overlooks the fact that it is a sociopolitical/socioeconomic policy choice, not a predestined path. We can stop or reverse it if we so choose.

Finally, little if any attention is paid to the reason(s) our ruling elite cheerlead growth. It is not for the virtue-signalling reasons they shout and market repeatedly. It is about sustaining a Ponzi-type economic system that supports status quo power and wealth structures. It is profit and prestige motivated. It must always be remembered that the primary motivation of our ruling caste is the control/expansion of the wealth-generating/-extracting systems that provide their revenue streams and thus positions of power and prestige. All other considerations are secondary/tertiary and ultimately are leveraged to meet their primary one.

The world is a complex nexus of geography, geology, biology, physics, and chemistry. And the stories told by our ‘leaders’ mostly ignore (or rationalize away) the physical realities of these fundamental sciences in favour of sociocultural myths that reinforce the idea that humans stand outside Nature — and their positions in our societies.


Significantly exponential credit-/debt-based fiat currency growth (thanks to the private financial institutions creating it from thin air and charging interest for its use in order to garner obscene profits, and which is what is feeding all this) collides catastrophically with the realities of existence upon a finite planet and its physical limits.

Given interest-bearing fiat is a claim/lien upon future resources — that we have encountered significant diminishing returns upon — and that we are several quadrillion dollars already in hawk, the writing is on the wall that we are totally and completely fubar. What is unsustainable cannot be sustained; no matter how much money we create. All we are succeeding in doing is stealing resources from the future and ensuring our planetary sinks are beyond repair.

The best option left is to prepare locally for the impending breakdown of the various complex systems that we have grown dependent upon, particularly the procurement of potable water, food production, and regional shelter needs. In addition, we should be degrowing our regions/communities, not making the situation even more dire and compounding its effects by continuing to chase growth — no matter what the profiteers from this perpetual-growth strategy are repeatedly telling us.


What I did say on one of the FB posts to try and keep it relatively succinct and simple:

Infinite growth on a planet with finite resources already encountering diminishing returns and using trillions of dollars of debt-/credit-based ‘money’ to pull them from the future. What could possibly go wrong? We are travelling in exactly the opposite direction of where we should be heading.


If you’ve made it to the end of this contemplation and have got something out of my writing, please consider ordering the trilogy of my ‘fictional’ novel series, Olduvai (PDF files; only $9.99 Canadian), via my website — the ‘profits’ of which help me to keep my internet presence alive and first book available in print (and is available via various online retailers). Encouraging others to read my work is also much appreciated.

Today’s Contemplation: Collapse Cometh LX–Infinite growth. Finite planet. What could possibly go wrong? Part Two


Today’s Contemplation: Collapse Cometh LX

July 19, 2022 (original posting date)

Athens, Greece (1984). Photo by author.

Infinite growth. Finite planet. What could possibly go wrong? Part Two

This is Part Two of a contemplation regarding what humanity’s future path ‘may’ look like. Part One can be found here.

Based on the evidence found in our pre/history and our biological proclivities (both of which I touched upon in Part One), it would appear we are likely to experience a variety of crises as we increasingly encounter diminishing returns on our investments in complexity and go through the withdrawal of surplus energy[1] that has fed our ‘growth’ and supported our organisational ‘problem solving’ abilities, but also because we have created and come to rely significantly upon systems that require such growth to keep from collapsing (for example, our increasingly debt-based financial/economic/monetary systems that, in turn, support our expanding energy-averaging systems and ensuring overexploited regions can be ‘maintained’ — i.e. globalised trade).

Throw on top of this the overshoot predicament and one should realise that the future is sure to not be the one painted by the techno-cornucopians who optimistically envision more of a Star Trek future than a Mad Max or The Road one.

I, personally, am of the opinion that ‘collapse’ of some type is imminent[2] primarily due to our overwhelming reliance upon important finite resources (especially fossil fuels) that we are now experiencing significant diminishing returns upon (and, yes, it’s an opinion; as is every other view of the future no matter how much ‘science’ is behind it or how sophisticated the model used to project the trends going forward — some are better than others but only the passage of time can ultimately decide which, in retrospect, were accurate).

At the same time we are going to be increasingly impacted by environmental/ecological crises brought about by our ecological overshoot and its concomitant overwhelming of the planetary sinks that previously helped cleanse the waste products of our expansion and technological creations[3] — to say little regarding the impacts that are going to be experienced around diminishing returns on food production and its very real reliance upon fossil fuels. Whether it be increasing frequency of extreme weather events and/or toxic environments leading to physical/physiological consequences for its inhabitants, including humans, the repercussions of our expansion appear to be growing in nature and impact.


How we view ‘collapse’ depends very much on our interpretation of it. It may be ‘the end of the world as we know it’ but that does not mean it will be dark and dreary. That perspective may be one that has been widely propagated in order to ‘scare’ people into believing the status quo economic and power structures need to continue and be supported at all costs. They do not.

‘Collapse’ seems scary because it is mostly about uncertainty, something humans abhor. We don’t know what the future holds and it reduces our cognitive dissonance greatly to cling to some certain future, even if completely and utterly wrong.

I’ve shared before what Tainter says about ‘collapse’ and it’s not all that bad depending upon one’s point of view:

“Collapse…is a political process. It may, and often does, have consequences in such areas as economics, art, and literature, but it is fundamentally a matter of the sociopolitical sphere. A society has collapsed when it displays a rapid, significant loss of an established level of sociopolitical complexity…[It manifests itself] as:
· a lower degree of stratification and social differentiation;
· less economic and occupational specialization, of individuals, groups, and territories;
· less centralized control; that is, less regulation and integration of diverse economic and political groups by elites;
· less behavioural control and regimentation; less investment in the epiphenomena of complexity, those elements that define the concept of ‘civilization’: monumental architecture, artistic and literary achievements, and the like;
· less flow of information between individuals, between political and economic groups, and between a center and its periphery;
· less sharing, trading, and redistribution of resources;
· less overall coordination and organization of individuals and groups;
· a smaller territory within a single political unit.”[4]

Some (most?) of these consequences may actually be welcomed by some, especially those who rail against what appears to be a growing tyranny of the ruling elite as we creep further into the banquet of consequences of our overshoot and diminishing returns on investments in complexity.

However, the ‘collapse’ that may accompany overshoot — a massive ‘die-off’ — seems a tad bit more cataclysmic depending upon how quickly such population reduction occurs. A relatively short recalibration of our population would, for all intents and purposes, appear truly calamitous to those experiencing it and most certainly would create a chaotic disintegration of the complexities we have come to rely upon for our survival. We have recently experienced the knock-on effects of shutting down world trade/economies over the fears associated with a relatively mild novel coronavirus[5]; the disruption of something far more impactful would make this seem very tame in comparison.

It seems clear to me that we have predicaments creating a vice on our continuation of any type of complex society. And my thinking about how this might all unfold has led me to review more closely John Michael Greer’s thesis that attempts to develop an ecological model of ‘collapse’. This ‘catabolic collapse’ suggests, at least in my interpretation, that we will see ‘crises’ that lead to more ‘simplified’ levels of society that then later experience more ‘crises’ resulting in another step down to an even simpler state and so on due to the fact that “production fails to meet maintenance requirements for existing capital…[and as a result get caught up in] a self-reinforcing cycle of contraction converting most capital to waste.”[6]

Given the increasing likelihood of ‘collapse’, it would seem we have two stark choices/strategies (very similar to what Greer argues regarding Catabolic Collapse). Continue on attempting to sustain unsustainable systems, virtually guaranteeing an overshoot die-off of gargantuan proportions. Or, attempt to ‘manage’ our ‘collapse’ as it unfolds by being pre-emptive via purposeful downsizing[7], degrowing[8], and simplifying[9].

What this second option looks like depends almost entirely on those agreeing with this approach. In fact, I sense a growing bifurcation of opinions even within the ‘degrowth’ movement with some arguing for a very slow transition and movement towards ‘green/clean’ technologies and others countering that such an approach is far too late and much more radical shifts need to be made if we are to have any ‘hope’ of making it thru the bottleneck we have created for our species (and others).

Unfortunately, given the lack of consensus, the psychological processes that lead to significant denial and bargaining (to reduce cognitive dissonance)[10], and the fact that the ruling elite will likely fight with all their ‘tools’ to avoid the elimination of their control/expansion of the wealth-generation/extraction systems that provide their revenue streams (their primary motivation), it is most probable we will go with the first option above: attempt to sustain the unsustainable (probably via ‘green’ technology), which will then lead to mother nature choosing how the planet is rebalanced — and our wishes and concerns will be null and void in this scenario.

In addition, given our current geopolitics and the frequency at which a society’s ruling elite choose war during times of stress, rather than diplomacy, I very much see the possibility of a global conflagration of conflict occurring — that could, of course, go nuclear.

As a result of all the above, I am increasingly leaning towards our future being far more dystopian in nature than utopian. The version of dystopia is still very much up to us I believe depending on what we do from this point onwards (my hope is that we make ‘good’ choices but my fear, as I admit above, is that doing so is beyond our capability because of the nature of our society’s power structures and protection of them by those who leverage crises to their benefit; along with the human tendencies to defer to authority and the need to ‘belong’).

Is there a way out of this conundrum? I personally waffle between ‘hope’ (something I wish for but really have no agency in) and despair (see image below).

My ‘hope’ is that we will come to realise that our pursuit of the perpetual growth chalice is taking us to a dark place where few of us survive (and that would be many species, not just homo sapiens) and reverse our trajectory; what can referred to as ‘degrowth’: a purposeful cessation of our current path and ‘deconstruction’ of almost all our socioeconomic and sociopolitical excesses until we reach a standard of living and population level that is ‘sustainable’.

My despair is that we will refuse to do this for a variety of reasons both psychological and biological in nature, but especially because if it is to have any positive impact we likely need to do it deeply and quickly. Instead, we will likely do everything we can to kick-the-growth-can-down-the-road to delay the inevitable and ultimately make the ‘correction’ all the more colossal in its size and scope; especially if, as Catton argues, we will have to undershoot our ‘natural’ carrying capacity by quite a bit given that everything we have done has reduced it significantly[11].

So, basically I believe that if we continue to hold that more technology[12] and money will address our issues, then I tend to think we will drift towards the darker dystopian path. If, however, we begin to ‘collapse’ on our own terms by degrowing, downsizing, and simplifying our societies we might be able to steer our future towards the lighter dystopian future where relatively small, local communities live within their region’s carrying capacity and are in ‘sync’ with the ecological systems within which they live and depend upon. We cannot and should not continue to believe that humans exist above and beyond these systems. Frankly, without them we are destined to disappear as well.

This ‘light dystopian’ vision, if you will, may appear calamitous to many because it is void of most of the technological ‘conveniences’ (what some have termed ‘energy slaves’) we currently embrace and is sure to involve much more manual labour and expose us to many of nature’s uncertainties that we have come to believe we can tame and avoid. But as nature so often reminds us, although we are reluctant to admit it, it always bats last and has the final say.

Given the evidence and my personal inclinations, more and more I’m leaning towards the realisation that it is the ‘scarier’ dystopian future that we, or at least future generations, will experience.

Of course only time will tell since making predictions is difficult, particularly if they’re about the future…


The following image was posted recently by someone on Facebook and I find it is frighteningly apropos to my personal reflections about our predicament:

[1] See Dr. Tim Murphy’s blog for more on this: https://surplusenergyeconomics.wordpress.com/professional-area/

[2] By ‘imminent’ I mean it’s a matter of when, not if. It could be a relatively long-lasting decline as painted by John Michael Greer (https://newsociety.com/books/l/the-long-descent-pdf?sitedomain=row) and James Howard Kunstler (https://www.amazon.ca/Long-Emergency-Converging-Catastrophes-Twenty-First/dp/0802142494); or a relatively quick one as suggested by Jared Diamond for Easter Islanders (https://www.amazon.ca/Collapse-Societies-Choose-Succeed-Revised/dp/0143117009). Also note that I do not ‘wish’ for this outcome; while the ‘effort justification’ aspects of my mind would love to be proven right — given all the ‘energy’ I’ve put into the ‘collapse’ narrative — I have children whom I do NOT want to experience a ‘declining’ world constantly in crisis and with significant uncertainty.

[3] See this for evidence of our breaching of various planetary limits: https://www.stockholmresilience.org/research/planetary-boundaries/the-nine-planetary-boundaries.html

[4] Tainter, J. The Collapse of Complex Societies. P. 4.

[5] Regardless of one’s perspective on Covid-19 and its political roots and/or implications, the millions of deaths attributed to it are but a fraction of several historical pandemics. The mortality rate for Covid has been relatively low compared to other ‘plagues’ that have spread through human populations and resulted in much more significant ‘die-offs’, such as the Black Death (1347–1351), Spanish Flu (1918–1919), Plague of Justinian (541–542), Third Plague Pandemic (1855–1960). https://www.publichealthonline.org/worst-global-pandemics-in-history/

[6] https://www.ecosophia.net/civilizations-fall-theory-catabolic-collapse/

[7] See this (https://justcollapse.org/) for one version of how to do this in a ‘just’ manner.

[8] See https://degrowth.info/degrowth for one version of degrowth.

[9] Nate Hagens’s podcast series provides some great insight into this approach: https://www.thegreatsimplification.com/.

[10] My second university degree was focused on psychology and anthropology (Honours Diploma, 1987, Western University). An Honours Diploma is equivalent to a Bachelor’s Degree but Canadian universities do not give out second B.A.s to the same student and instead give these. At least that was the case during my 1980s post-secondary years. I also have a Bachelor of Education which is the field in which I spent my formal employment (Brock University, 1989, St. Catharines, Ontario); 10 years as a classroom teacher, 15 as an administrator.

[11] Catton, Jr., W.R.. Overshoot: The Ecological Basis of Revolutionary Change. University of Illinois Press, 1980. (ISBN 978–0–252–00988–4)

[12] See Erik Michaels’s https://problemspredicamentsandtechnology.blogspot.com/ for some insight into why technology is perhaps our undoing, not some ingenious ‘saviour’ for humanity.

Today’s Contemplation: Collapse Cometh LIX–Infinite growth. Finite planet. What could possibly go wrong? Part One


Today’s Contemplation: Collapse Cometh LIX

July 13, 2022 (original posting date)

Arles, France (1984). Photo by author.

Infinite growth. Finite planet. What could possibly go wrong? Part One

Today’s contemplation (a two-parter) was begun a few months ago but I’m just now getting around to completing and posting it. As often happens with me and my ADHD, I get thinking about/reflecting upon a topic or idea, record some thoughts while having my morning coffee and the ideas are flowing, and then move on to something else before finishing the task completely (this habit, unfortunately, also impacts my various house ‘projects’ and drives my wife crazy…but after 36 years together she’s aware I just need the ‘occasional’ reminder about the unfinished work — I had forgotten about this writing until coming across it as I was cleaning up some computer files due to ‘extra’ time on my hands given the loss of Internet with the several-day shut-down of one of Canada’s largest providers recently; a blessing, really, as it reduced my screen-time).


A question posed to me recently was: “What does the path forward look like when we say we have to live within our means on a finite planet?”

The answer to such a question is as varied as the people answering it[1]. I am hesitant to provide a definitive answer about what the transition to ‘sustainable’ circumstances might look like given the uncertainty that abounds. I am inclined to believe that any ‘guess’ about the future[2], regardless of the amount of data/evidence one has or the sophistication of the model or the computing power used, is probably about as accurate as reading tea leaves or a bird’s entrails. Not one of us has a clear picture as to what will unfold in the future, for as a few people have been credited with stating (including physicist Niels Bohr, writer Mark Twain, and baseballer Yogi Berra): “Prediction is hard, especially if it’s about the future.”

I’ve long held that complex systems can neither be controlled nor predicted with their non-linear feedback loops and emergent phenomena[3], so predicting complex systems with any degree of ‘certainty’ is a fools’ errand — especially once human actions/behaviours are involved. On top of this, no matter how sincere our attempts at objectivity in such prognostications, personal biases always impact our processing of information as does the paradigm[4] through which we interpret events and project into the future (and we tend to do so linearly since non-linear systems befuddle our primate brains); and, then, of course there are the Black Swans[5] that are persistently circling overhead — those unknown, unknowns that we can’t even contemplate because they’re outside of our personally-confining and -blinding worldview.

When we read about the future we are confronted with a potpourri of thoughts about how it might unfold — most of them, of course, presented with ‘certitude’. We tend to cling to some over others even if the one we tend to gravitate towards holds little in common with observed reality or experience. For as Dan Gardner argues in Future Babble[6], humans do not like uncertainty and despite so-called ‘experts’ being horrible at predicting the future, human psychology compels us to listen and take them seriously — even if we know the prognosticator to have been wrong on countless occasions (I still look at the long-range weather forecasts even though I know quite well that any outside of about 12–24 hours are bound to be incorrect, some drastically so — something that drives me ‘mad’ when my food gardens are in desperate need of rain and the weather forecasters are calling for rain right up until that actual day/hour it is supposed to rain and then change the prediction to no rain, and I am forced to spend a few hours watering my beds — a tendency that seems to be increasing in frequency the past couple of growing seasons; this year, April and May were great for precipitation in my area north of Toronto but as has been happening, it seems, June and so far in July has been way too dry and the 4000 litres of rainwater I have collected in my 20 rain barrels was getting precariously low up until a very recent overnight rain).

I like what Gardner states near the end of his book about discussing the future:

It is informed by the past, it is revealing about the present, and it surveys a wide array of futures. It is infused with metacognition…It offers hopeful visions of what could be; it warns against dangers that also could be. It explores our values by asking us what we want to happen and what we don’t. And it goes no further. It raises issues, questions, and choices, and it suggests possibilities and probabilities. But it does not peddle certainties, and it does not predict.[7]


Where are we on our path into the future given such uncertainty? Well, we have our choice of competing narratives to believe in.

There are some who argue that it matters little or not at all what we do with respect to the existential predicaments we face, for the future is one where we are all FUBAR. For example, 5–10 degrees of average global temperature increase is quite certainly baked into the cake and will in all likelihood lead to the extinction of most species on the planet, perhaps all with the end result being a ‘hothouse’ Earth with an environment similar to Venus. Responses to this eventuality then also range, mostly dependent on whether one holds that the impact will be sudden or drag itself out over millennia. Dystopia, even widespread extinction, is on the horizon and there is no avoiding it.

Then, on the other end of the spectrum, there are those who believe strongly that we can transition somewhat seamlessly to ‘alternative’ forms of energy (or just continue extracting fossil fuels whose ‘scarcity’ is a concerted psy-ops by the ‘powers-that-be’) to keep-on-keeping-on with our status quo complexities and energy-intensive living standards. For most ‘clean/green’ energy aficionados, nuclear fusion or some other as-yet-to-be-discovered technology will provide us with cheap, safe energy; and/or we can mine passing asteroids for any needed finite resources we’ve exhausted, including water. In fact, one day we are bound to leave this over-used rock and colonise other worlds. Perhaps a little bit of tweaking here or there might be needed but given human ingenuity and technological prowess we will solve any and everything thrown our way so there is no need to worry about any ecological system breakdown or resource scarcity ‘problems’ for very long at all. The future is one of unlimited possibilities and utopian dreams, especially if we also redistribute all the wealth tied up in the off-shore bank accounts of the world’s billionaires and slay that evil monster capitalism; then, without a doubt, all eight billion (or much more) of us can live happily-ever-after, holding hands, and singing Kumbayah around the ‘carbon-free’ campfire.

These are perhaps the two extremes of the gamut of possibilities for our future. Where each of us ends up on this continuum of beliefs depends on the worldview we hold and how we process information through that narrow keyhole we necessarily each peer through. And I would argue that what we believe also very much relies upon our personal biases and what we wish to happen, not necessarily upon any ‘factual’ evidence. We are constantly seeking out confirmatory evidence for our beliefs and ignoring or denying counterfactual data or rationalising it to fit into our preconceived notions. There exist very strong psychological mechanisms to ensure ‘facts’ seldom, if ever, alter firmly held beliefs.

So, before I lay out my personal thoughts on what our future may or may not look like (and I am in no way ‘certain’ about any of this, although I do lean towards the more ‘dystopian’ possibilities), let me provide some cognitive context for why I believe what I believe. The paradigm through which I view the world, as it were, and necessarily impacts my perception of this crazy and totally unpredictable world.


I find that pre/history demonstrates pretty clearly that every complex sociopolitical organisation (i.e., complex society) before us has eventually ‘declined’ to a point that it can no longer be considered a ‘society’[8]. The social fabric that held the population together became frayed and people opted out, leading to its eventual ‘collapse’.

In his book The Collapse of Complex Societies[9] archaeologist Joseph Tainter argues that a human society is a problem-solving organisation. This organisation requires energy inputs for its maintenance with increasing complexity necessitating increased energy inputs. These inputs eventually encounter the law of marginal utility or diminishing returns because the solutions we adopt in dealing with problems that arise tend to be the easiest-to-implement and cheapest-to-maintain, but eventually more difficult and costly approaches must be pursued as the ‘easy’ ones have been exhausted. People are attracted to participating in a sociopolitical organisation (i.e., society) so long as the benefits accrued are at least — but preferably better — than the costs incurred. Once the costs exceed the perceived benefits, people choose to withdraw their participation. When a tipping point of participants have opted out, the organisational structures that have held complexities in place ‘collapses’.

It’s obviously much more difficult to abandon the sociopolitical sphere and organisational structures one is born into today than it was in the past. There is not only limited to no space left to flee to as every portion of the planet has been claimed by some nation state or another, but the vast majority of people lack the skills/knowledge to survive without their society’s supports. Self-sufficiency has been ‘bred’ out of us in just a few generations as we have embraced a future based upon different imperatives but especially complex centralised-systems and technology.

This shift has been afforded us by our leveraging of a one-time, finite cache of fossil fuel energy; a cache that has encountered significant and world-altering diminishing returns.


On top of this leveraging of fossil fuel energy and the paradigm shift it has led to in how we perceive the world — and create organisational structures and knowledge within in — we have the very real prospect that we are in the midst of ecological overshoot because we have significantly surpassed the planet’s human carrying capacity[10].

In the past we could overcome carrying capacity limits by migrating to a region as yet unexploited or underexploited by others (wars and colonisation are pretty well always about resources/economics; see U.S. Marine Corps Major General Smedley Butler’s essay War is a Racket[11] for more on this perspective). When we pushed up against or exceeded the biophysical limits imposed by our environment in the past, this ‘takeover method’ (taking over from other species and eventually other humans) allowed us to expand for many millennia. We spread into virtually every niche across the globe.

More recently, however, we have depended upon a different means of procuring our needed resources termed the ‘drawdown method’, where we have extracted finite resources to supplement our existence. We have pushed human carrying capacity well past its natural limit by relying upon various resources drawn from our environment. The past couple of centuries has seen this approach focused primarily upon limited resources that have been extracted far, far faster than their renewal rate. Such use could only be limited in scope and temporary in time.

As William Catton argues in Overshoot[12], any species that overshoots its carrying capacity experiences a ‘rebalancing’ of its population eventually. Where the takeover method is precluded, a loss of necessary resources (usually food) results in a massive die-off to bring population numbers down to a level where the environment can recover. Sometimes a species experiences physiological changes that reduces fertility. Either way, population is reduced dramatically from its peak and often to a level far below the natural upper limit of ‘sustainability’ because of the damage to the environment that overshoot has caused.

Given our reliance upon fossil fuels, their finite nature, and the diminishing returns we have encountered because of this — and the way in which their use and the industrial processes they have ‘powered’ have overwhelmed the various planetary sinks that normally help to filter and purify the waste products we produce — it is increasingly clear that we have overshot our carrying capacity and have but the negative consequence of that to experience (or as many argue, are already experiencing).


In Part Two of this ‘essay’ I will paint a somewhat blurry picture of our possible future…


[1] Here I am reminded of a statement by a visiting psychology professor at a lecture on human ‘intelligence’ I attended at Western University when I was an undergrad. During his introductory remarks, with a goal of defining what we would be discussing, he stated (and I am paraphrasing given it’s been about 40 years): “Ask a hundred psychologists the definition of intelligence and you are bound to get a hundred different answers, perhaps more.”

[2] See this recent article by Charles Hugh Smith on the difference between a forecast and a guess: https://www.oftwominds.com/blogjun22/forecast-guess6-22.html.

[3] I highly recommend some reading on complexity and complex systems. A good beginning text is Donella Meadows’s Thinking In Systems: A Primer. Chelsea Green Publishing, 2008. (ISBN 978–1–60358–055–7).

[4] For an introduction to the concept of paradigms see Thomas Kuhn’s The Structure of Scientific Revolutions. University of Chicago Press, 1962. (ISBN 978–0–22645–811–3)

[5] See Nicholas Nassim Taleb’s The Black Swan: The Impact of the Improbable. Random House, 2010/2007. (ISBN 978–0–8129–7381–5)

[6] Future Babble: Why Expert Predictions Fail–And Why We Believe Them Anyway. McClelland & Stewart, 2010. (ISBN 978–0–7710–3513–5)

[7] Ibid. p. 266–267.

[8] My graduate degree was concentrated in archaeology (Master of Arts, 1988, McMaster University, Hamilton, Ontario).

[9] The Collapse of Complex Societies. Cambridge University Press, 1988. (ISBN 978–0–521–38673–9)

[10] Note that my first university degree was primarily concentrated in biology/physiology (Bachelor of Arts, 1984, Western University, London, Ontario).

[11] War is a Racket. https://ratical.org/ratville/CAH/warisaracket.pdf

[12] Overshoot: The Ecological Basis of Revolutionary Change. University of Illinois Press, 1980. (ISBN 978–0–252–00988–4)

The Green Transition is Physically Impossible

The Green Transition is Physically Impossible

GeoDestinies 2022

GeoDestinies 2022

Walter Youngquist (1921-2018) was a petroleum geologist, a University of Oregon professor, and my friend.  His life’s masterpiece is a 600 page book that’s now available to everyone as a free PDF download [HERE].

Geologists study Earth resources, many of which are being degraded and depleted — aquifers, topsoil, hydrocarbons, minerals, etc.  These resources have limits.  Every drinker learns that the glass starts full, ends empty, and the faster you drink it, the quicker it’s gone.  Consumers pay little attention to resource limits, but they’re beginning to comprehend the impact of carbon emissions on the climate.  Mainstream experts repeatedly tell us not to worry.  They preach a fervent blind faith in miracles — a smooth and easy transition to a clean, green, renewable utopia.  Geologists wince.

Youngquist didn’t believe in miracles or techno utopias.  Today, we’re living dangerously fast by destroying astonishing amounts of nonrenewable resources — a onetime binge that can never again be repeated.  Nonrenewable energy is finite.  We have been soaring in a beautiful dream world, where the air is perfumed with the intoxicating aroma of a nonrenewable prosperity.  The era of cheap energy is fading away in the rear view mirror.

In 1973, the Eugene newspaper wrote a story about one of his lectures, “Dark Picture Painted by Youngquist.”  He gave many talks to Chamber of Commerce groups, trying to introduce them to the concept of limits.  He was almost never invited back.  America worships perpetual growth at any cost.  Growth is our god word.

In the mid-1990s, a number of the world’s petroleum geologists became alarmed that the volume of new oil discovered was declining, while the volume of consumption continued soaring.  This inspired the dawn of the Peak Oil movement, a wakeup call.  In 1997, Youngquist published GeoDestinies, which quickly sold out…

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

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 one characteristic: As in a game of musical chairs, someone will have to go without. And, as in a game of musical chairs, available supplies are shrinking (as represented by the removal of chairs).

An interesting twist on this game is that now some chairs are being transferred from one game to another. For example, the Biden administration has declared that U.S. liquefied natural gas (LNG) exports to Europe will be stepped up in order to displace natural gas from Russia—which has become a suspect source due to the conflict between Russia and Ukraine and the broad economic sanctions against Russia. The gas still flows for now. But will Russia use a gas cutoff as a weapon? That is a question agitating all of Europe.

Now here’s what I mean about moving chairs from one game of musical chairs to another. It turns out that all of the United States’ LNG export capacity is in use. There’s none left to increase exports. Adding to the problem is Europe’s limited ability to accept LNG cargoes as those cargoes need to be regassified and put into pipelines at special receiving and processing facilities that take years to build. It will also take years to build U.S. capacity substantial enough to make a dent in European dependence on Russian natural gas. The Russian threat of a cutoff remains and will remain a potent weapon for some time to come.

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

Humans Are Doomed to Go Extinct

Humans Are Doomed to Go Extinct

Habitat degradation, low genetic variation and declining fertility are setting Homo sapiens up for collapse 

Humans Are Doomed to Go Extinct

Credit: Jordan Lye/Getty Images

Cast your mind back, if you will, to 1965, when Tom Lehrer recorded his live album That Was the Year That Was. Lehrer prefaced a song called “So Long Mom (A Song for World War III)” by saying that “if there’s going to be any songs coming out of World War III, we’d better start writing them now.” Another preoccupation of the 1960s, apart from nuclear annihilation, was overpopulation. Stanford University biologist Paul Ehrlich’s book The Population Bomb was published in 1968, a year when the rate of world population growth was more than 2 percent—the highest in recorded history.

Half a century on, the threat of nuclear annihilation has lost its imminence. As for overpopulation, more than twice as many people live on the earth now as in 1968, and they do so (in very broad-brush terms) in greater comfort and affluence than anyone suspected. Although the population is still increasing, the rate of increase has halved since 1968. Current population predictions vary. But the general consensus is that it’ll top out sometime midcentury and start to fall sharply. As soon as 2100, the global population size could be less than it is now. In most countries—including poorer ones—the birth rate is now well below the death rate. In some countries, the population will soon be half the current value. People are now becoming worried about underpopulation.

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

Revenge of the Real World

Revenge of the Real World

The status quo response would be amusing if the consequences weren’t so dire.

Rather than stare at empty shelves, you have two options for distraction: you can don a virtual-reality headset and cavort with dolphins in the metaverse, or you can trade various forms of phantom wealth that always go up (happy happy!) because the Fed.

Neither distraction actually solves any real-world problems, a reality we can call the Revenge of the Real World We’ve entered a peculiar phase in American history in which illusions of wealth and control are the favored distractions from the unraveling of the real world economy and social order.

Printing trillions of currency units can’t restore the global supply chain or social cohesion, Rather, jacking phantom wealth to the moon is only accelerating the collapse of the social order and the economy even as it accomplishes absolutely nothing in terms of solving real-world problems.

Let’s start with the core economic realities of the 21st century:

1. The number of high-consumption (“middle class”) people doubled from 1 billion to 2 billion. The human populace has expanded to 7.9 billion individuals, but poor people who don’t have enough money to consume large quantities of energy, goods and services delivered by the global supply chain don’t have much of an impact on global consumption of energy and resources. It’s the number of people jetting around the world playing their part in the landfill economy (toss the old one, buy a new one) who drive “growth” (i.e. waste is growth).

Strangely enough, there are actual physical limits to resources being transformed into junk being dumped in the landfills. Humanity’s rapacious appetite for stuff has extracted all the cheap-to-extract resources and now all that’s left are the increasingly expensive-to-extract resources.

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

The century of the limits

The century of the limits

IMPOSSIBLE IS NOTHING. JUST DO IT. SMASH YOUR LIMITS

We know much better some slogans that sell us that everything is possible, than the laws of thermodynamics, which govern our own nature and the limits that bound it. And so it goes. This is our frame of thought and from it derives some of our worst contradictions.

There is a story that is very interesting to share in order to talk about all this and that hides many clues about where we are now. In 1972, shortly before the first oil crisis and while computers were living their own prehistory, the Club of Rome -a recently founded scientific and cultural avant-garde organisation, which later has been key in the advancement of science and political ecology- commissioned a report from MIT in Massachusetts on the state of resources and the key variables to sustain our civilisation. System dynamics methodology had just begun to take its first steps, and its founder, Jay Forrester, developed several modesl to analyse the enviornment, resources, economy and population.

Almost five decades later, the incredible accuracy of the forecasts of the World3 model – a computer simulation programme – are an unparalleled milestone in terms of scientific anticipation.

It must be kept in mind that in reality there are an infinite number of interrelated variables that are impossible to take into account – such as the cultural/anthropological variables of a civilisation – and a complexity that no model can calibrate. However, in one of the many reviews that have been made of the MIT work, such as Graham Turner’s review in 2014, it was confirmed that this is probably one of the most impressive scientific works in the history of mankind. A few months ago, another review has reaffirmed its predictions.

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

The priest, the engineer and the economist

The priest, the engineer and the economist

I was exchanging economist jokes over the holiday and heard this one that seemed apropos both to our resource predicament and the seeming abundance of the holiday season:

A priest, an engineer and an economist were stranded together on a desert island. Given their location, fish seemed to be a logical source of food. So, they discussed how to get some. The priest said that the three of them should pray. The engineer said he thought a better approach would be to fashion a net from materials on the island. The priest and the engineer then turned to the economist for his input. With his hand on his chin, the economist thought for a moment and then looked up and said, “Assume a fish.”

That joke neatly summarizes the problem with the vast majority of economic thinking today. Much of that thinking rests on something called the Cobb-Douglas function which has three terms:

Total production = Labor input X Capital input

What is so obviously missing, of course, are physical resources. Hence, “assume a fish” illustrates the slight of hand which most economists perform when referring to the physical world.

In fact, most economic growth projections simply forecast a certain expected (higher) level of demand for goods and services and then assume that the physical resources to meet that demand will appear. Which reminds me of a quote I shared over Christmas dinner that comes to us from economist John Kenneth Galbraith:

The only function of economic forecasting is to make astrology look respectable.

And, I am reminded of yet another quotation attributed to economist Herbert Stein:

If something cannot go on forever, it will stop.

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

Capitalism Will Ruin the Earth By 2050, Scientists Say

Capitalism Will Ruin the Earth By 2050, Scientists Say

The good news is, by cutting our consumption, there’s another way.
GettyImages-1161614032
IMAGE: GETTY IMAGES

A spate of new scientific research starkly lays out the choice humankind faces in coming decades:

By 2050, we could retain high levels of GDP, at the price of a world wracked by minerals and materials shortages, catastrophic climate change, and a stuttering clean energy transition —paving the way for a slowly crumbling civilization.

Or, we could ditch the GDP fetish and enter a world of abundance, with energy consumption safely contained within planetary boundaries, and high-tech economies that support jobs, health and education for everyone without costing the earth.

On the first option, scientists backed by the European Union’s Horizon 2020 research and innovation program have concluded that capitalism-as-we-know-it cannot support a successful clean energy transition.

Not only that, but capitalism is on track to lead the world into mineral shortages and supply bottlenecks that could cut short efforts to decarbonize transport systems, guaranteeing dangerous climate change.

The new study published in the journal Energy Strategy Reviews finds that electrifying our cars, trucks and trains so that they run on renewable energy is only viable if we reduce the endlessly growing levels of consumption in industrial societies. That, effectively, means fundamentally transforming the very sinews of capitalism.

The good news is that separate research published in September proves that such an economic transformation is perfectly feasible while still maintaining a good quality of life for people all over the world.

Modeling the world

The transportation study is based on a highly sophisticated ‘integrated assessment model’ (IAM) that brings together a vast amount of empirical data. Known as the MEDEAS-World model, it incorporates feedback relations between global and regional economies; renewable, fossil fuel energy flows and energy infrastructure; technology developments and costs; minerals and land requirements; climate change and water; and many other sectors.

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

The Empty Sea: What Future for the Blue Economy? A New Book by Ugo Bardi and Ilaria Perissi

The Empty Sea: What Future for the Blue Economy? A New Book by Ugo Bardi and Ilaria Perissi

Proposed cover by Viola, Ilaria’s daughter, 4 years old. 
For this Monday post, I can only put together a very short text. We (myself and Ilaria) have been very busy with the last retouched of the manuscript for our new book that we hope to be able to ship to the publisher (“Editori Riuniti”) maybe tomorrow. It should be available for purchase before Christmas.

We spent a lot of time on this book, and I can tell you that we like it a lot. We hope that the readers will like it, too. I am sorry that this first version is only in Italian, but we are planning a version in English to appear as soon as possible. In the meantime, let me pass to you a text that should appear on the back cover, translated into English. 

What you will learn from this book

  • How humans have been gradually discovering the sea and its resources from the time of our remote ancestors
  • What is the “fisherman’s curse,” why fishermen have always been poor, and they still are!
  • Why humans tend to destroy the resources that make them live: how overexploitation has destroyed many fish stocks and is still destroying them
  • How pollution is affecting the sea: from the great plastic gyre to the rising sea levels
  • Why aquaculture may not be the magic solution to feed the world and what we can expect from the future of fisheries.
  • Can we really extract minerals and energy from the sea? It may be much more difficult than the way it is sometimes described. 
  • What are the limits to resources of the sea and what can we realistic expect for the future?

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

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress