Markets

The World’s Energy Predicament In 12 Charts

A friend asked me to put together a presentation on our energy predicament. I am not certain all of the charts in this post will go into it, but I thought others might be interested in a not-so-difficult version of the story of the energy predicament we are reaching.
The World’s Energy Predicament In 12 Charts
News

America’s Real Spending Problem Is A Lot Harder To Fix

[credit provider=”www.shutterstock.com” url=”http://www.shutterstock.com/cat.mhtml?lang=en&search_source=search_form&version=llv1&anyorall=all&safesearch=1&searchterm=suburban+couple&search_group=#id=13421287&src=def17dfa3e094faf7d29108e5f484df7-1-29″] Conservatives have a legitimate gripe about America’s excessive “commitments and obligations” to “unfunded liabilities” but their focus on Medicare and social security misses the larger point: our disastrous commitment to the current national lifestyle, in particular suburban sprawl and everything it entails.     This point came across […]
America’s Real Spending Problem Is A Lot Harder To Fix
News

BP Predicts The US Will Be Self-Sufficient In Energy By 2030

[credit provider=”Robert Johnson — Business Insider” url=”http://www.flickr.com/photos/[email protected]/sets/72157629988382829/with/7154057854/”] Warnings that the world is headed for “peak oil” – when oil supplies decline after reaching the highest rates of extraction – appear “increasingly groundless,” BP’s chief executive said on Wednesday.Bob Dudley’s remarks came as the company published a study predicting oil production […]
BP Predicts The US Will Be Self-Sufficient In Energy By 2030
Markets

Why The Current Oil Production Boom Won’t Last Longer Than A Decade

Oil is fundamentally a depletable resource – once a barrel is extracted from the ground and burned, it is gone. Nevertheless, world oil production has continued to increase steadily for the last century and a half. Most economists attribute this to technological progress. Each year our methods for finding oil […]
Why The Current Oil Production Boom Won’t Last Longer Than A Decade
Markets

The IEA Oil Forecast Is Ludicrously High

The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become the world’s largest oil producer by 2020, and will become a net oil exporter by 2030.
The IEA Oil Forecast Is Ludicrously High
Markets

GAIL TVERBERG: Our Energy Future Is Bleak

What does our world’s energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will? Will natural gas and fracking help reduce our dependence upon oil and how will the world economy and trade fare as supplies of cheap oil continue […]
GAIL TVERBERG: Our Energy Future Is Bleak
News

There’s Absolutely No Winning In This Election

[credit provider=”Zeke Miller, Buzzfeed” url=”https://twitter.com/ZekeJMiller”] Flying at higher platitudes in the thin upper air of his own mind last week, Republican candidate Mitt Romney remarked apropos of aeroplane travel: “[T]he windows don’t open. I don’t know why they don’t do that. It’s a real problem. So it’s very dangerous.”   […]
There’s Absolutely No Winning In This Election
Markets

We Can’t Hide Much Longer From The End Of Cheap Oil

[credit provider=”landhere at www.flickr.com” url=”http://www.flickr.com/photos/landhere/1293024290/”] Governments and economists around the world have not figured out that what the world economy is suffering from, to varying degrees, is “high-priced fuel syndrome“.High-priced fuel syndrome has a number of symptoms:
We Can’t Hide Much Longer From The End Of Cheap Oil
News

There’s A New Third Party In America: REALITY

[credit provider=”commons.wikimedia.org” url=”http://commons.wikimedia.org/wiki/File:Thomas_Bresson_-_Eclairs-1_(by).jpg”] Meet the new third party in national politics: Reality.Reality is the only party with an agenda consistent with what is actually happening in the world. Reality doesn’t need to drum up dollar donations from anyone. Reality doesn’t have to pander to any interest group or subscribe to […]
There’s A New Third Party In America: REALITY
News

How To Survive As The World Reaches Its Natural Limits

[credit provider=”Symic at www.flickr.com” url=”http://www.flickr.com/photos/symic/7394270676/”] We live in a finite world. At this point, we seem to be reaching limits in several different areas: Cheap oil. Our economy runs on cheap oil, but there is a limit to the amount of cheap oil that can be pulled out of the […]
How To Survive As The World Reaches Its Natural Limits