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War Makes Us Poor thumbnail

War Makes Us Poor

Preface: Many Americans – including influential economists and talking heads - still wrongly assume that war is good for the economy. Many congressmen assume that cutting pork-barrel military spending would hurt their constituents’ jobs. As demonstrated below, it isn’t true. Nobel-prize winning economist Joseph Stiglitz says that war is bad for the economy: Stiglitz wrote in 2003: War is widely thought to be linked to economic good times. The second world war is often said to have brought the world out of depression, and war has since enhanced its reputation as a spur to economic growth. Some even suggest that capitalism needs wars, that without them, recession would always lurk on the horizon. Today, we know that this is nonsense. The 1990s boom showed that peace is economically far better than war. The Gulf war of 1991 demonstrated that wars can actually be bad for an economy. Stiglitz has also said that this decade’s Iraq war has been very bad for the ...

Shale Gas Explorers Could Pump $55B into Britain thumbnail

Shale Gas Explorers Could Pump $55B into Britain

The development of shale gas in Britain could create more than 64,000 jobs and give local businesses a 33-billion-pound ($55.37 billion) capital injection, according to an Ernst & Young report commissioned by an industry body. Shale gas explorers would need to spend that amount on their supply chains for drilling work over 18 years, said the study. Britain is in the early stages of exploring for shale gas to counter its growing dependence on imports, and geologists have estimated it could have shale resources equivalent to several hundred years of demand. Several companies have announced plans to explore for shale gas in Britain using hydraulic fracturing, known as fracking, a technique of injecting water, sand and chemicals deep into rock formations to release hydrocarbons. Protesters and many environmental groups have opposed the process saying it would increase the use of fossil fuels and raise ...

What If We Never Run Out of Oil? thumbnail

What If We Never Run Out of Oil?

New technology and a little-known energy source suggest that fossil fuels may not be finite. This would be a miracle—and a nightmare. As the great research ship Chikyu left Shimizu in January to mine the explosive ice beneath the Philippine Sea, chances are good that not one of the scientists aboard realized they might be closing the door on Winston Churchill’s world. Their lack of knowledge is unsurprising; beyond the ranks of petroleum-industry historians, Churchill’s outsize role in the history of energy is insufficiently appreciated. Winston Leonard Spencer Churchill was appointed First Lord of the Admiralty in 1911. With characteristic vigor and verve, he set about modernizing the Royal Navy, jewel of the empire. The revamped fleet, he proclaimed, should be fueled with oil, rather than coal—a decision that continues to reverberate in the present. Burning a pound of fuel oil produces ...

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Gandhi on solar energy thumbnail

Gandhi on solar energy

First they ignore you, then they laugh at you, then they fight you, then you win. (Gandhi)   First they ignore you, then they laugh at you, then they fight you, then you win. We’ve seen and published many dramatic graphs about the fall in solar, such as this one tracing the fall over the past 30 years and this from Citigroup, but the following graph from investment bank Sanford Bernstein is quite stunning – not just for its simplicity but because it draws attention to the potential impact of solar to the $5 trillion global energy market. As you can see, the cost of solar PV has come from – quite literally – off the charts less than a decade ago to a point where Bernstein says solar PV is now cheaper than oil and Asian LNG (liquefied natural gas). It does its ...


Land Optimization Helps World’s Population

Smog and pollution is a huge problem in modern environments. The rich world is better off than most considering the legal restrictions on pollutants, but there are plenty of problems in other parts of the world (such as Asia). Many of these problems stem from poor use of land and it can have drastic effects for the people living on this planet. The majority of the 7 billion people live in poverty and it is no wonder that most of them are looking for some way out. Hopefully with time, people will be able to see that spending money on optimizing the land is the best bet. There are many scientists and land companies, such as those selling cheap land for sale, that are eager to get our land better optimized. Some of the governments in the western world and in ...

Imminent peak oil could burst US, global economic bubble thumbnail

Imminent peak oil could burst US, global economic bubble

A new multi-disciplinary study led by the University of Maryland calls for immediate action by government, private and commercial sectors to reduce vulnerability to the imminent threat of global peak oil, which could put the entire US economy and other major industrial economies at risk. The peer-reviewed study contradicts the recent claims within the oil industry that peak oil has been indefinitely offset by shale gas and other unconventional oil and gas resources. A report by the World Energy Council (WEC) last month, for instance, stated that peak oil was unlikely to be realised within the next forty years at least. This is due to global reserves being 25 per cent higher than in 1993. According to the WEC report, 80% of global energy is currently produced by either oil, gas or coal, a situation which is likely to continue for ...


Tech Talk – is coal that dirty?

So when was the last time, reading an article about the coal industry, that you saw a photograph of the land after the mine has closed, and the site reclaimed? Or, in talking about an oil or gas rig, how many times do you see the relatively small footprint at the site, once the rigs have left, and the site is reclaimed so that all that is left is the production tree? The fossil industry tends to be vilified at regular intervals with very few voices raised to murmur slight protest as to the picture painted of its evils. The Economist had an article this week which said, in part: And coal would indeed be a boon, were it not for one small problem: it is devastatingly dirty. Mining, transport, storage and burning are fraught with mess, as well as danger. Deep ...


When resources run out — averting the apocalypse

In 1944, the United States Coast Guard released a herd of reindeer on St. Matthew Island off the coast of Alaska so top naval personnel could hunt them for recreation. The reindeer population grew exponentially. From the 29 creatures initially released during World War II, the island’s reindeer population reached 6,000 by 1963. By that year’s end, however, the reindeer had munched their way through all the forage on the island, and virtually the entire 6,000-strong population died from starvation. “When you have a population growing exponentially in a closed environment, collapse is inevitable when resources run out. That will be us,” warned noted ecologist William Schlesinger. “We can either orchestrate that in some kind of a sensible way or we can blunder along until it happens.” ‘Four Horsemen of the Apocalypse’ William Schlesinger at Cammilleri Hall (USC Photo/Erica Christianson) The inaugural speaker of the Sustainability ...


10 warnings: Big Oil stocks crash 50% by 2020

Yes, we see 10 early warnings that Big Oil stocks are going to trigger an economic collapse by 2020, maybe 50% as gas prices go through your SUV’s sunroof. A contrarian view? Yes, pump prices already shot up 11% this year. Plus Big Oil cherishes its new role as exporter: Bloomberg’s even predicting the U.S. will “surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming output.” So why worry? Why contrarian? Because a decade ago the Bush Pentagon predicted that by 2020 “an ancient pattern of desperate, all-out wars over food, water, and energy supplies would emerge” as global “warfare is defining human life.” But, that’s light years away in today’s twitter-brain world where today’s news is so bullish: “100% of economists think yields will ...


Why Degrowth?

Human and ecological economist Bill Rees recorded in April at the Vancouver Degrowth Event on why degrowth is the only realistic path to sustainability. Watch the Q&A for this event

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Public Policy Russia China natural gas contract looks likely
Pricing remains an issue, but negotiations expected to be completed soon Russia and China are ...
Peak Oil becomes an Issue Again after the IEA Revises its Predictions thumbnail Peak Oil becomes an Issue Again after the IEA Revises its Predictions
"Among the big energy stories of 2013, “peak oil” -- the once-popular notion that ...
EIA’s International Energy Statistics Updated thumbnail EIA’s International Energy Statistics Updated
The EIA has finally updated their International Energy Statistics. They were a month behind ...
Shale Shock Therapy thumbnail Shale Shock Therapy
As the U.S. continues to extol the virtues of its shale gas revolution, peak ...

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#peakoil War Makes Us Poor: Preface: Many Americans – including influential economists and talking heads - sti...

#peakoil Shale Gas Explorers Could Pump $55B into Britain: The development of shale gas in Britain could creat...

Audio - > Peak Oil and resistance to Tar Sands extraction #peakoil #shale Retweeted by Occupy #NatGat 2014