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.
More fish species on the east coast, especially in the waters off Odisha and West Bengal, are highly vulnerable to climate change, according to a first of its kind assessment by the Central Marine Fisheries Research Institute (CMFRI). That vulnerability stems not only from changes in climate but also from fishing pressure and lower productivity.
Ugo Bardi writes on Cassandra’s Legacy: The essence of propaganda, as it is well-known, is not so much telling lies, but presenting only one aspect of the truth. That’s true also for the depletion debate. Saying that a certain resource will last decades, centuries, or more is not a lie, but not the truth, either.
Ugo Bardi writes: Jay Forrester, one of the great minds of the 20th century, died at 98, a few days ago. His career was long and fruitful, and his work changed the intellectual story of humankind, in particular the role he had in the birth of the Club of Rome’s report “The Limits to Growth”.
On the eve of the American presidential election, where the two leading candidates offer little hope for climate action, it’s worth revisiting this hard-hitting 2006 article by Chad Harbach, who warned, “(Other countries) will do nothing until the United States demonstrates that a grand-scale transition to renewable energy can be achieved by big industrial countries.”
From TheWire.in: Ecological economist, Gandhian thinker and author Mark Lindley has some stark warnings for the future of hi-tech societies, and a few ‘prescriptions’ for India and for economists, who he says vastly underestimate the gravity of the looming environmental crises. Ecologise and Graama Seva Sangha recently organised a lecture series by Lindley in Bangalore.
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 renowned American ecological economist, Gandhian thinker and author Prof. Mark Lindley will be delivering a series of lectures in Bangalore, starting from 25th. Academic institutions hosting him in the city include IISc, NIAS, Azim Premji University, ATREE and Gandhi Bhavan. The lecture tour is being organised by the Ecologise network and Graama Seva Sangha.
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.
Chelsea Harvey reports: The human footprint on the environment may have affected drinking water in a major way throughout the last century, new research shows. The researchers estimated that declines in water quality —because of human activity— caused water treatment costs to rise by 50 percent in nearly a third of all large cities worldwide.
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.
From Ruralindiaonline.org: Rampant deforestation, extensive damming of the rivers, huge diversions of water for industrial projects and even elite resorts can be seen across the state. All these underlie Maharashtra’s terrible water crisis. They won’t get washed away by the monsoon, even if the media coverage of it dries up with onset of the rains.
Catch News reports: In a new initiative by Speaker Ram Niwas Goel, proceedings for the day at the Delhi Assembly were kickstarted by a lecture series. The first lecture was delivered by veteran journalist P. Sainath, who spoke on ‘Water and Farm Crisis in India’, which he said were the defining crises of our times.
Mayank Ale writes: There is an acute shortage of water in Hyderabad. Today Hyderabad receives water from 4 rivers – Musi, Krishna, Godavari and Manjeera. With 2 of the 4 rivers, Manjeera and Musi, drying up due to over usage, the city is facing acute water shortage and are getting water from farther and farther away.
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.