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Donald Trump’s energy policy: No commitment to Canada
Canada is a leading supplier of oil, gas and electricity to the United States, so the Trump administration’s overall attitude and policies toward energy are critical to many Canadian businesses. The Trump energy agenda may not create undue barriers to entry for Canadian producers, but it will also not provide any special opportunities. Like most other elements of President Donald Trump’s America First policy, there should be little expectation that Mr. Trump has any commitment to Canada when it comes to energy.
Starting with the Middle Eastern oil shocks in the 1970s, the U.S. became increasingly reliant on oil and gas imports to fuel its economy. Over the past 45 years, U.S. oil imports rose steadily to such an extent that by its peak in the mid-2000s, imported oil had climbed to nearly two-thirds of U.S. oil demand. That cycle was broken a decade ago thanks to “fracking” – using advanced energy extraction technology to reach gas and oil reserves trapped in porous rock.
U.S. domestic energy production has since risen steadily, resulting in reduced reliance on imports of both oil and gas, as well as growing U.S. oil and gas exports. The Trump administration wants to accelerate this trend. Exploration is being encouraged offshore and on federal lands. This expansion joins increased investment in tertiary oil recovery in the Bakken, Permian and other fields, and in gas exploration and production in many locations.
The Trump administration’s electricity policy is actively seeking to keep aging coal and nuclear plants in operation – despite the growing availability of cheaper electricity sources. The priority given to coal in particular is not based on business logic – there is little economic benefit from a return to coal-based electricity generation. Natural gas for producing thermal power is now plentiful and relatively inexpensive, and renewable solar and wind-generated electricity is available at prices that are increasingly commercially competitive.
The most likely long-term impact of the Trump administration’s electricity agenda would be higher electricity prices for U.S. consumers, reduced profitability for utilities and higher-than-necessary greenhouse gas (GHG) emissions. Although Mr. Trump walked away from the Paris Agreement on climate change, many states, cities and electric power producers remain committed to cutting GHG emissions in their jurisdictions.
Mr. Trump is also putting American energy interests first, even if it comes at the expense of historic relationships. The President’s criticism of German natural gas imports from Russia was a not-too-subtle message that Germany should diversify its sources of supply – by buying natural gas from the United States, rather than from Russia.
How do Canadian producers and exporters of oil, gas and electricity respond to the Trump energy agenda? Since 2010, oil imports from Canada to the United States grew steadily to four million barrels a day in 2017. While this growth has effectively crowded out imports from many other countries, Canada is not fully benefiting, because Canadian crude comes with a significant price discount compared to global oil prices. This is the cost for Canada of essentially selling to only one foreign market. Meanwhile, natural gas prices in North America have gone through a pronounced period of moderation, and imports from Canada by volume have essentially been flat. Canadian electricity producers have tapped selectively into the U.S. market, offering utilities competitively priced electricity with low or no GHG emissions.
It seems like a long time ago, but the Canadian energy industry was pleased by Mr. Trump’s decision to support the Keystone XL pipeline project when he assumed office. Canadian energy firms share a common interest in maintaining a significant presence in the U.S. energy market – but should also understand the limits of that market to non-U.S. suppliers.
The bottom line? Canadian oil producers have had success in growing their U.S. sales and market share. The Trump energy agenda may not necessarily penalize Canadian suppliers, but it offers no particular advantages either. It serves to re-emphasize the benefits of trade diversification and the need to take the many steps required to achieve it.
Reaching global markets directly is clearly in the strategic interest of Canadian energy producers, for both expanded sales opportunities and capturing better prices. But without adequate pipeline and shipping infrastructure, Canadian energy producers will remain dependent on a single buyer, the United States, with a fickle and self-absorbed energy agenda.
87 Comments on "Donald Trump’s energy policy: No commitment to Canada"
Makati1 on Wed, 1st Aug 2018 10:16 pm
“I doubt that MM reads all of the articles he posts as references, or he does not comprehend what he is reading. Drugs again? Lack of intelligence? Who knows or cares? A suicidal tendency says it all.”
MASTERMIND on Wed, 1st Aug 2018 10:33 pm
Greg
Greg
From your link..
The famine stemmed from a variety of factors. Economic mismanagement and the loss of Soviet support caused food production and imports to decline rapidly. A series of floods and droughts exacerbated the crisis.
A series of floods “Exacerbated” the crisis..
https://en.m.wikipedia.org/wiki/North_Korean_famine
My quote is from the very first section..You cherry picked by searching deep below..Thats called “Confirmation bias”
GregT on Wed, 1st Aug 2018 10:42 pm
Mak,
MM has proven time and time again that his reading comprehension skills are substandard, to nonexistent.
Judging from his inability to string even two proper sentences together, my first guess would be a lack of primary and/ or secondary school education, but even then he should be able to figure out the general gist of an article.
So more than likely his problem stems from a lack of intelligence, drugs, or a combination of both.
GregT on Wed, 1st Aug 2018 10:52 pm
MM,
Read the entire article, until it sinks in, and then get back to me so we can discuss. Because at this point, you obviously have not clued in yet, and are just a waste of my time.
Thanks.
MASTERMIND on Wed, 1st Aug 2018 11:11 pm
Greg
Do you always have to protect your fellow senior citizen? Madkat has proven he is a moron by posting links to SHTFPLAN and Burningplatform and Organic prepper…
Do you think you could use sources like that on a college paper?
GregT on Wed, 1st Aug 2018 11:18 pm
MM,
We’ve already had this discussion. I am not a senior citizen. Savy?
Makati1 on Wed, 1st Aug 2018 11:21 pm
This is not a ‘pay for brainwashing’ institution, MM. This is a forum for original thoughts and intelligent rebuttals, if there is one. You don’t seem to comprehend that fact. Shooting the messenger does not change the message. If you don’t like my message, just don’t read them. They ALL begin with Makati1.
The message I post is that the Us is going down and deserves what is coming, due to it’s murderous plundering of the 3rd world for the last 150+ years.
Payback is a bitch and you are going to enjoy every minute as you are too stupid to even try to do something to ease your pain except a 22. You will be no loss to humanity MM, so do it now and avoid the rush.
GregT on Wed, 1st Aug 2018 11:22 pm
And MM,
Without any shadow of a doubt, Makati1 is not a moron, and he displays an intelligence level vastly superior to yours.
Shit, or get off of the pot, dude.
MASTERMIND on Wed, 1st Aug 2018 11:26 pm
Madkat
I have never denied that the US is going down..But so is the entire OECD and the global economy..And I have the evidence to prove it..
https://imgur.com/a/pYxKa
You look the US in a vacuum…Maybe you should open your eyes and see the big picture..There is a global oil shortage coming and China is the world largest importer..so they are going to collapse as well..
Makati1 on Wed, 1st Aug 2018 11:39 pm
Who is “Madkat”?
GregT on Wed, 1st Aug 2018 11:47 pm
Attempting to have a rational conversation with you MM, is like trying to discuss string theory, with a four year old child.
You have apparently made up your mind that you are the only one in the entire world who possesses a magic crystal ball. Nobody else here agrees with the ‘visions’ that you have seen in that crystal ball, so please, stop trying to ram your opinions down other peoples’ throats.
It’s both way beyond old, and extremely stupid already.
Makati1 on Wed, 1st Aug 2018 11:47 pm
Yes, the OECD is going down to various degrees. I know that. What some here do not seem to comprehend is that the collapse will not be the same everywhere. Those at the top of the ladder (US, Japan, the EU, etc) will have the most pain as they fall onto the concrete floor of reality. Those at, or near, the bottom may not even notice the change. Barely a bruise.
I’m somewhere in between here in the Ps, but closer to the bottom than the top and that is why I am here. It is easy to move down when you live in a lower economy and a simpler, self-reliant, lifestyle. Try to live off the commercial net in the Us and you go to jail. Here most are off the commercial net and are living happy, healthy, loving lives. ^_^
GregT on Thu, 2nd Aug 2018 12:02 am
Those who are most reliant on the commute, drive, shop consume lifestyles, and JIT delivery systems, are the ones who in in for the most pain when they are gone.
Those who are not reliant on any of the above, will notice little, if any difference at all, in their day to day lives.
It isn’t exactly rocket science, or even basic chem101.
Makati1 on Thu, 2nd Aug 2018 12:05 am
Dictator Trump:
“President Trump has become the third president to renew a post-9/11 emergency proclamation, stretching what was supposed to be a temporary state of national emergency after the 2001 terror attacks into its 17th year….
The perpetual war footing has had a striking lack of examination. Under the National Emergencies Act — a post-Watergate law intended to rein in presidential emergency powers — the president needs to renew the emergency each year or it lapses. But Congress is also supposed to review each emergency every six months. It never has….
And it’s not just 9/11. Presidents have declared scores of emergencies over the past 40 years, dealing with everything from the Iran Hostage Crisis to the Swine Flu. More than 30 of those national emergencies remain in effect — and Congress has never reviewed a single one in the history of the National Emergencies Act.”
https://www.usatoday.com/story/news/politics/2017/09/14/permanent-emergency-trump-becomes-third-president-renew-extraordinary-post-9-11-powers/661966001/
War powers or…? Slip slidin’…
Makati1 on Thu, 2nd Aug 2018 12:09 am
“Attempting to have a rational conversation with you MM, is like trying to discuss string theory, with a four year old child.” That made me laugh, GregT. Thanks!
Makati1 on Thu, 2nd Aug 2018 4:43 am
Trump has painted himself (America) into another corner.
“Typically, Washington is against anything that benefits Moscow, and is for anything which bolsters the position of US puppet regime Ukraine. But, at ongoing cases before the World Trade Organization, that narrative isn’t applicable.
This is so because if Washington slams Moscow for its actions relative to Kiev, it would provide a case against Trump’s metals tariffs. However, by standing with Russia on this issue, Washington thinks that it can save its own trade actions, namely Trump’s metals tariffs….
Countries responded to Trump’s trade restrictions both by retaliating against U.S. exports and by challenging the move at the WTO, accusing the U.S. of imposing an illegal trade barrier.”
https://www.zerohedge.com/news/2018-08-01/us-sides-russia-against-ukraine-wto-case
Us backpedaling to save itself from prosecution. Like Al Capone saying that John Gotti’s drug running was OK as long as Al could sell his bootleg liquor. LOL
Slip slidin’…
Davy on Thu, 2nd Aug 2018 4:49 am
This is a forum for original thoughts and intelligent rebuttals, if there is one.
Not out of you and your gang, billy. You guys are clearly about group censorship and extremist agenda. You are enabled and supported by grehgor. You have trolls like Asperger and bullies who think they are fighting bullies like boney juan. I have documented what you dumbasses say and it is not much. Some of you will go several days with Facebook style trolling before you make a real comment that I a contribution. You billy 3rd world are notorious for an article reference then a one liner like “slip slidin”, wow that is smart. There are assorted amount of extremist here with a few good members. You are definitely not one. You are an off topic extremist who is a magnet for other blame and complain extremist. You are narcissistic and rude. A unintellectual dumbass who thinks he is intellectual. A senor suffering dementia.
“Shooting the messenger does not change the message. If you don’t like my message, just don’t read them. They ALL begin with Makati1.”
Please, messenger?? You are a tabloid dump of extremist noise. Your package is hate, death, war. You are disgusting and your buddy grehgor is likewise for enabling and supporting you. It is hilarious when grehgor is not around you don’t say much. You need your buddies or you are afraid to go out in the woods where you extreme and distorted message gets shot down.
“Payback is a bitch and you are going to enjoy every minute as you are too stupid to even try to do something to ease your pain except a 22.”
What a dumbass, a 22?? Is that how you are going to shoot yourself dumbass? You better point that really well or you are likely to wake up stupid. A bigger caliber would be advisable. I am surprised your gun freak greggor didn’t correct you on that one.
Davy on Thu, 2nd Aug 2018 4:52 am
“It’s both way beyond old, and extremely stupid already.”
right buttercup, get a life and do something. You have been all day on here debating a dumbass with your senile senior friend and doing nothing but hogging and gumming up the board with noise.
Davy on Thu, 2nd Aug 2018 5:01 am
“Yes, the OECD is going down to various degrees. I know that. What some here do not seem to comprehend is that the collapse will not be the same everywhere. “
How do you figure Einstein? You know that? How do you know that because you wish upon a star? Everywhere is suffering decline especially your overpopulated Asia that is killing the world from the combination of overpopulation and overconsumption.
“Those at the top of the ladder (US, Japan, the EU, etc) will have the most pain as they fall onto the concrete floor of reality. Those at, or near, the bottom may not even notice the change. Barely a bruise.”
LOL, those at the bottom especially your little corner of overpopulated Asia are going to starve. I agree the developed world is set for hurt. Besides none of us know when, where, and how bad a decline will be. You act like you do and this just shows you are pure agenda.
“I’m somewhere in between here in the Ps, but closer to the bottom than the top and that is why I am here. It is easy to move down when you live in a lower economy and a simpler, self-reliant, lifestyle.”
You are none of that billy 3rd world. You are a senile senior living of a social security stipend and thinking you are self-sufficient. You have a fantasy farm you are never at and do nothing on. You are all day long here taping away on your laptop. I may be here often but I have a smart phone. How can you be a farmer if you are back at your village rental hut tapping on a laptop?
“Try to live off the commercial net in the Us and you go to jail. Here most are off the commercial net and are living happy, healthy, loving lives. ^_^”
What are you talking about?? You are now talking delusional. “commercial net” what is that??
Makati1 on Thu, 2nd Aug 2018 5:06 am
American sex in high places:
“INVESTIGATION: WHY DID ROBERT MUELLER ALLOW THE BIGGEST CHILD PORN PROCESSOR IN CALIFORNIA TO STAY **OUT** OF PRISON?”
Maybe this is why…
“When confronted by federal agents, and shown that their DNA DID NOT MATCH that of the child they claimed as their own, at least a dozen of the arrested adults admitted to ICE Agents that they are part of a child-sex ring smuggling children into the USA for pedophiles to rape.
Worse, some of these traffickers are asking for immunity deals in return for confessing that certain children were “picked” by certain AMERICAN OFFICIALS, allegedly including members of the US Congress, the courts, and even state Legislators, and that specific children were being brought into the USA to fulfill the pedo-sex requests of those high ranking officials! The smugglers say they can NAME SPECIFIC OFFICIALS and PROVE MONEY CHANGED HANDS for child-sex smuggling”
http://halturnerradioshow.com/index.php/news/u-s-national-news/2929-investigation-why-did-robert-mueller-allow-the-biggest-child-porn-processor-in-california-to-stay-out-of-prison
http://halturnerradioshow.com/index.php/news/u-s-national-news/2929-investigation-why-did-robert-mueller-allow-the-biggest-child-porn-processor-in-california-to-stay-out-of-prison
Slip slidin’…
Davy on Thu, 2nd Aug 2018 5:15 am
“Those who are most reliant on the commute, drive, shop consume lifestyles, and JIT delivery systems, are the ones who in in for the most pain when they are gone. Those who are not reliant on any of the above, will notice little, if any difference at all, in their day to day lives.”
How do you figure grehgor? Do you think these people are not connected or exposed to the fallout of a collapsing industrial world? What about the mass migration of people out of overpopulated 3rd world cities? None of us know exactly when and how decline will set in but you act like you do and it revolves around your agenda. You are pure anti-western agenda supporting the romanticization of the 3rd world. You are a rich snug smug Canadian bastard who has the luxury of feeling this way. It is your way of apologizing you’re your good life. You are the wealthiest guy on this board living in the richest area of the world apologizing for the 3rd world you are exploiting indirectly by your west coast Canadian affluence.
“It isn’t exactly rocket science, or even basic chem101.”
What is tabloid unintellectual Facebook trolling. You do it daily and obsessively and rarely contribute an authentic comment.
Davy on Thu, 2nd Aug 2018 5:20 am
This is the extent of your contributions this morning billy 3rd world. You have made multiple off topic comments with short extremist article references with your stupid senile senior one liners and we wonder why this board is irrelevant and unable to attract highly intelligent contributors.
“War powers or…? Slip slidin’…”
“Attempting to have a rational conversation with you MM, is like trying to discuss string theory, with a four year old child.” That made me laugh, GregT. Thanks!”
“Trump has painted himself (America) into another corner.”
“Us backpedaling to save itself from prosecution. Like Al Capone saying that John Gotti’s drug running was OK as long as Al could sell his bootleg liquor. LOL Slip slidin’…”
“American sex in high places: Slip slidin’…”
MASTERMIND on Thu, 2nd Aug 2018 5:25 am
Davy said
“Shooting the messenger does not change the message. If you don’t like my message, just don’t read them. They ALL begin with Makati1.”
Please, messenger?? You are a tabloid dump of extremist noise. Your package is hate, death, war. You are disgusting and your buddy grehgor is likewise for enabling and supporting you.
HAHA so true..Madkat thinks because he is an old geezer he is all wise..When in reality he is a nut job..
Antius on Thu, 2nd Aug 2018 6:00 am
Latest information released by EIA confirms that conventional crude and condensate production (in barrels of oil energy equivalent) peaked around 2005. This was the date of Peak Oil. So the question of ‘when’ is essentially settled. That was it.
The world didn’t descend into a Walking Dead or Mad Max apocalypse (or at least hasn’t yet). The nuclear power plants did not flip and turn into cauldrons of death, unleashing hordes of glow in the dark zombies. What actually happened was debt levels rose; government spending shrank; wages decreased in real terms and life got harder for most people. We have seen a gradual decline in living standards as prosperity gradually shrinks and the middle class disappears. The future may well be a return to Feudalism and a loss of individual freedom as the rich maintain their living standards by squeezing the people under them.
https://d32r1sh890xpii.cloudfront.net/tinymce/2018-08/1533146663-poil10.jpg
https://oilprice.com/Energy/Energy-General/Exxons-Shocking-Supply-And-Demand-Predictions.html
Essentially, all new demand since then and all anticipated future demand increases have and must continue to be met by unconventional liquids: Biofuels, natural gas liquids, tight oil, oil sands, deepwater, etc. Interestingly, the graph gives values in MBDOE (Mega-barrels per day oil equivalent). So this is oil energy, which is ultimately the metric that matters. Most other information I have seen gives liquid volumes rather than energy equivalent, which is not particularly useful information.
It is interesting to note that the EIA assume that supply will always balance demand and that demand growth will reflect past growth trends (regardless of price). This is in no way a predictor of the future; it is more like, ‘if things continue to grow as they have been, this is where it will need to come from’ sort of thing.
What the graph indicates is that since 2005, the world increasingly relies upon poorer resources to supply its liquid fuels. This suggests that underlying costs are rising continuously, as poorer low EROI non-conventional liquids are used to replace conventional crude. Whilst the run up in prices up to about 2014 allowed cost increases to be covered, the decline in prices since then has clearly had a negative effect on forward investments, with a liquids supply shortfall now predicted for 2020.
https://oilprice.com/Energy/Energy-General/Is-A-Supply-Crunch-In-Oil-Markets-Inevitable.html
Rising debt levels indicate that neither the economy nor consumers can tolerate high prices in the long-term. So we have the situation in which the price needed to provide a stable or increasing supply is higher than we can afford to pay. This is the harbinger of peak liquids; a situation that we will find ourselves facing in the next few years.
Many optimists may interpret it as peak demand, coyly suggesting that it has arrived because we no longer need as much to meet our living standards. That would be more convincing if real wealth had not collapsed and the production cost of liquids had not increased.
MASTERMIND on Thu, 2nd Aug 2018 7:00 am
Antius
Exxon and BP have always been peak oil deniers..
I love how Nick failed to mention in that oil price article..That oil discoveries peaked in the 1960’s..And every year since 1984 oil consumption has exceeded discovery..
But you know what Upton Sinclair said..
GregT on Thu, 2nd Aug 2018 8:19 am
“This is a forum for original thoughts and intelligent rebuttals, if there is one.”
This is an open, unmoderated Internet discussion forum Davy, where people are free to post whatever they like, whenever they choose. You can continue to fly off the handle in your little fits of rage, stomp your feet, hold your breath, stand on your head, scream at the top of your lungs, and it isn’t going to make one iota of difference at all. Ever.
You’re flogging a dead horse Davy, and have been doing so on a daily basis for five years.
Give it a rest already.
GregT on Thu, 2nd Aug 2018 8:25 am
“You are pure anti-western agenda supporting the romanticization of the 3rd world. You are a rich snug smug Canadian bastard who has the luxury of feeling this way. It is your way of apologizing you’re your good life. You are the wealthiest guy on this board living in the richest area of the world apologizing for the 3rd world you are exploiting indirectly by your west coast Canadian affluence.”
More of your usual delusional bullshit Davy. Please try to keep your emotions under control.
Davy on Thu, 2nd Aug 2018 10:17 am
“This is an open, unmoderated Internet discussion forum Davy, where people are free to post whatever they like, whenever they choose.”
What?? Greygoar, this forum has deviants practicing group censorship and extremist tabloid commenting. Quit your childish statements that are little more than lies. At least be honest about your bad behavior.
efarmer on Thu, 2nd Aug 2018 10:51 am
Roses are Blue, and Violets are Red,
And Hush Money Too!
If he got you in bed.
Makati1 on Thu, 2nd Aug 2018 7:04 pm
The Donald is setting America up for bankruptcy just like his own six where he jumped ship with the cash and stiffed the stockholders. Now he seems to be doing it to you.
“In this fashion, such still-evolving deregulatory actions reflect the way Trump’s anti-establishment election campaign has turned into a full-scale program aimed at increasing the wealth and power of the financial elites, while decreasing their responsibility to us. Don’t expect a financial future along such lines to look pretty. Think entropy….
American companies have announced a record $436.6 billion worth of such buybacks so far in 2018, close to double the record $242.1 billion spent in that way in all of 2017. Among other things, this ensures less tax revenue to the U.S. Treasury, which in turn means less money for social programs or simply for providing veterans with proper care….
Global trade alliances were already moving away from a full-scale reliance on the U.S. even before Donald Trump began his game of tariffs. That trend has only gained traction in the wake of his economic actions, including his tariffs on a swath of Mexican, Canadian, and European imports. … Donald Trump is lending a disruptively useful hand to the creation of an economic world in which the U.S. will no longer be as central an entity.”
http://www.tomdispatch.com/post/176455/tomgram%3A_nomi_prins%2C_the_disrupter-in-chief/#more
Slip slidin’…
Makati1 on Thu, 2nd Aug 2018 8:18 pm
“A real trade war with China would be disastrous – for the Deep State itself. That’s why we predict it won’t happen. The 25% tariffs will more than likely never be fully implemented.
Mr. Trump will follow a pattern that is already familiar. He will talk tough. He will stir things up. He will announce victory. And he will quietly back down.”
https://www.theburningplatform.com/2018/08/02/why-trump-wont-start-a-real-trade-war/#more-180739
Paper tiger…
Makati1 on Fri, 3rd Aug 2018 5:35 am
“And again, if China is indeed subsidizing steel, then we should be eternally grateful. Instead, Trump spits in their face.
By the way, the US subsidizes Boeing and the entire defense industry by fighting needless, counterproductive wars. And what about the sugar lobby? Ethanol?
So not only are we stupid, we are hypocrites.”
https://moneymaven.io/mishtalk/economics/us-trade-policy-not-only-are-we-stupid-we-are-hypocrites-MjFQVvIgIE6NPU3CQIFPAg/
Slip slidin’…
Davy on Fri, 3rd Aug 2018 5:43 am
“And again, if China is indeed subsidizing steel, then we should be eternally grateful. Instead, Trump spits in their face.
China is dumping steel on the world market because it has a huge inefficient industrial sector that needs to be downsized because it is facing a world of lower growth. There is less needs for Chinese infrastructure than in the past. China can’t do this quick enough because it will cause social turmoil so what it is doing is exporting the problem to other countries and supporting zombie companies. This is exactly what the global economy does need nor the environment.
Makati1 on Fri, 3rd Aug 2018 9:00 am
Do you buy any of these products Americans? If so, your costs are going to go up. You can thank Trump.
https://www.zerohedge.com/news/2018-08-03/china-releases-retaliation-list-us-tariffs-will-levy-tariffs-60bn-us-goods
Check out the list.
A sampling:
Abercrombe & Fitch
Ames Tools
Apple Computer
Black & Decker
Briggs & Stratton
Campbell ‘s Soup
Coleman Sporting Goods
Dell Computer
And on and on…
Over 400 suppliers … all from China. Yep! The Us is “independent”! LMAO
Slip slidin’…
GregT on Fri, 3rd Aug 2018 10:17 am
“This is exactly what the global economy does need nor the environment.”
Assuming that what you meant to say Davy, was “does NOT need”, why do you have a problem with that? Did you not say that you were ‘anti-globalist’?
onlooker on Fri, 3rd Aug 2018 10:50 am
Yes, China is about growth at all costs. It is the best way to keep their huge population under control. So, zombie cities, environmental deterioration, huge debt loads etc are all tolerated. They are the textbook example now of the contradictions and systemic stresses of trying to breach limits to growth
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