Peak Oil: Big Oil Faces ‘Slow And Steady Decline’

“Peak oil demand” is the new “peak oil supply” because of climate change and plummeting costs for electric car batteries. It’s increasingly clear that we’re not going to move off of oil because we run out of supply. Rather, we’re going to move off of oil because it is both the economic and moral thing […]

BP to Pay $175 Million to Settle Claims It Hid Spill Costs

BP Plc said it agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill to prop up its stock price, removing the company’s last major overhang from the disaster. The investors, who blamed BP for massive losses when the true […]

A Renewable Energy Economy will Create More Jobs

In a tidal wave of good news stories, infographics and Facebook memes about renewable energy job creation, the implicit, unquestioned assumption is that More Jobs = A Healthier Economy. A popular Facebook meme, based on the Stanford University Solutions Project, celebrates the claim that in a renewable energy-powered Canada, 40% more people will work in […]

Saudis Pledge Not To Shock Oil Market As OPEC Clash Looms

Saudi Arabia promised on Thursday not to flood the oil market with extra barrels as OPEC headed into a heated debate about production policy, with Iran insisting on the right to raise output steeply. Tensions between the Sunni-led kingdom and the Shi’ite Islamic Republic have been the highlights of several previous OPEC meetings, including in […]

In praise of the slow car

via Isetta/ Slow cars can go off road It’s deja vu all over again, reading Alex Steffen’s The future of cars is slow in Medium. He is looking at the future of the self-driving car, or autonomous vehicle (AV) and makes some good points, concluding that The optimal speed for a self-driving car is slow. […]

Water Scarcity, Excess And The Geopolitics Of Allocation

“When the well is dry, we learn the worth of water,” said Benjamin Franklin. Much of the world has taken water for granted over the years, but that situation is quickly changing. Today, the use of this essential resource is being more closely scrutinized as shortages proliferate worldwide. Population growth, the rising middle class and […]

On economic growth and the decline in US births

From the Wall Street Journal: U.S. births declined and the death rate rose last year in a sign of continuing pressure on the country’s population growth, newly released federal figures show. Preliminary numbers out Thursday from the Centers for Disease Control and Prevention show there were 3.98 million births in the U.S. in 2015. That is […]

Why Oil Prices Won’t Go Much Higher Than $50

Seth Kleinman, Citigroup’s global head of energy research, discusses the outlook for OPEC production and oil prices with Bloomberg’s Joe Weisenthal, Oliver Renick and Scarlet Fu on “What’d You Miss?”

Consumerism, Collective Psychopathology, Waste

The Power Elite on Display – the economics of Thorsten Veblen In 1899 the maverick economist Thorsten Veblen portrayed the power elite of his day in The Theory of the Leisure Class. What he described were extrinsic motivations at work. Success for the business elite was demonstrated through conspicuous consumption, by which he meant display […]

Heinberg: Our Renewable Future

The next few decades will see a profound and all-encompassing energy transformation throughout the world. Whereas society now derives the great majority of its energy from fossil fuels, by the end of the century we will depend primarily on renewable sources like solar, wind, biomass, and geothermal power. Two irresistible forces will drive this historic […]

Donald Trump’s dangerous, nonsensical energy plan

Donald Trump’s energy “plan” seems to attracted pretty much universal condemnation. The Washington Post dubbed it “dangerous and nonsensical“, pointing out the bizarre contradictions embedded within it – “Mr. Trump’s headline policy is “complete American energy independence” by “lifting these draconian [regulations]” so that “we are no longer at the mercy of global markets.”” Criticism […]

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