Nafeez Ahmed writes: A new research study by HSBC on global oil supply shows that the bulk of the world’s oil production has peaked and is now in decline. Welcome to a new age of permanent economic recession driven by our ongoing dependence on dirty, expensive, difficult oil — unless we choose a fundamentally different path.
The final stages of capitalism, Marx predicted, would be marked by global capital being unable to expand and generate profits at former levels. Capitalists would begin to consume the government along with the physical and social structures that sustained them. These assaults would destroy the host. This final stage of capitalism is what Trump represents.
Gail Tverberg writes: Underlying problems are sufficiently severe that we seem to be headed for a crisis far worse than 2008. Our fundamental problem is that neither high nor low energy prices are now able to keep the world economy operating as we’d like it to. Increased debt can’t seem to fix the problem either.
As 2017 dawns, in a great many ways, modern industrial civilization has flung itself forward into a darkness where no stars offer guidance and no echoes tell what lies ahead… We’re not discussing the end of the world; events like those that can be found repeated many times in the histories of other failing civilizations.
To try to solve the energy problem, we use approaches that involve increasing complexity, including new technology and globalization. As we add more and more complexity, these approaches tend to work less and less well. In fact, become problems themselves, tending to redistribute wealth toward the top, increasing “overhead” for the economy as a whole.
Instead of the scenario envisioned by many Peak Oilers, it’s likely that we will in the very near future hit a limit similar to the collapse scenarios that many early civilizations encountered when they hit resource limits. We don’t think about our situation as being similar, but we too are reaching decreasing resources per capita.
The revised version of a talk given by Soujanya Mantravadi at the Future of Energy for Hyderabad workshop held at La Makaan, Hyderabad on 24. 07. 2016, organized by Ecologise Hyderabad. It explores the implications of the end of the fossil fuel era and ways in which residents of Hyderabad can start preparing for it.
Dennis Coyne writes: I expect World Fossil fuel output to peak in 2025. If the World economy continues to grow, a gap between Energy produced (including non-fossil fuels) and the demand for Energy will grow. If the gap is not filled by growth in non-fossil fuel energy demand will reduce due to reduced economic growth.
Kurt Cobb writes: It used to be that oil prices and economic growth were somewhat like distant cousins who disliked each other rather than a happily married couple always seen nuzzling together in public. Nowadays, as the oil price dips into the low $40 range again and global economic growth weakens simultaneously, we must re-evaluate.
Kurt Cobb writes: Hubbert is much maligned and much praised these days. But he is perhaps not well understood. Mason Inman’s compelling biography gives us all a chance finally to understand this scientific giant and the context within which he spawned insights on the future of energy that continue to be central to our lives.
Jason Hickel writes: When it comes to climate change, the problem is not just the type of energy we are using, it is what we’re doing with it. What would we do with 100% clean energy? Exactly what we are currently doing with fossil fuels: raze more forests, build more meat farms, expand industrial agriculture.
Chris Martenson writes: The main issue is simple: putting in steel reinforcing bars lowers the cost and weight of installing reinforced concrete, but at the severe expense of reducing its lifespan. In other words, literally everything you see today that’s made of concrete will need to be replaced within a hundred years of its installation.
The introduction to Our Renewable Future, a new book on the profound, all-encompassing energy transformation that will be witnessed throughout the world over the next few decades. Two irresistible forces will drive this historic transition: the necessity of avoiding catastrophic climate change and the ongoing depletion of the world’s oil, coal, and natural gas resources.
The way we get electricity is about to change dramatically, as demand for fossil fuels comes to an end— in less than a decade. According to a Bloomberg New Energy Finance forecast, massive shifts are coming soon to power markets because electric cars and affordable battery storage for renewable power are arriving faster than expected.
David Blittersdorf writes: Our industrial society can handle about a 10% voluntary energy reduction across the board, doing things like walking more and carpooling. To get to the necessary level (which, by some estimations, will be about a 60-80% decrease in energy usage), will be impossible unless we change the way we think about things.
Bloomberg reports that cheaper coal and gas will not derail the decarbonisation of world energy. By 2040, ‘zero-emission’ energy sources will form 60% of installed capacity. Wind and solar will account for 64% of the 8.6TW of new power-generating capacity added over the next 25 years, and for almost 60% of the $11.4 trillion invested.
Post the Paris climate agreement, the world looks to solar energy more than ever to reduce carbon emissions and counter climate change, with multi-billion dollar solar programmes announced by just about every major country. But just how efficient, and environmentally sustainable is the celebrated solar photovoltaic technology? Here’s what some leading voices have to say.
The 2016 edition of BP’s authoritative Statistical Review of World Energy offers some startling revelations. According to the report, India’s share in global coal consumption exceeded 10% in 2015, for the first time ever, while its oil consumption too set an all-time record. India also registered the largest increase in carbon emissions from energy use.
There’s No Tomorrow is a half-hour animated documentary about resource depletion, energy and the impossibility of infinite growth on a finite planet, a theme that rarely finds its way to the mainstream media. Inspired by the pro-capitalist cartoons of the 1940s, the film is an introduction to the critical energy dilemmas facing the world today.
Gail Tverberg writes: Growth in energy consumption is dependent on the growth of debt. Both energy and debt have characteristics that are close to “magic” when it comes to economic growth, which can only take place when debt (or a close substitute, such as company stock) is available to enable the use of energy products.