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Showing posts with label peak oil. Show all posts
Showing posts with label peak oil. Show all posts

Thursday, June 2, 2011

The Simpler Way perspective on the global predicament


Ted Trainer
Energy Bulletin

The dominant view, almost never questioned, is that major global problems can be solved within and by the kind of society we have now, i.e., one providing high material living standards and increasing wealth, and driven by market forces and economic growth. Many believe the changes required will have to be big but hardly anyone seems to think that the kind of society we have built over several hundred years needs to be fundamentally reconsidered, let alone abandoned.

People who work in technical fields tend to be among those most firmly adhering to this view, and the most enthusiastic of all seem to be those involved in renewable energy. There are many highly impressive reports, detailed and in glossy format, written by a cast of thousands of heavy-weight academics “proving” that we could run the world on renewables.

I want to sketch the reasons why I believe that this dominant, never questioned conventional view is quite mistaken. For more than fifty years there has been gradually accumulating an overwhelming case that the global predicament is a) far too deep to be remedied without abandoning the fundamental structures, systems, world views and values of consumer-capitalist society, b) is being generated by those foundational structures and commitments, and therefore c) can only be solved by transition to a very different kind of society in which we do not have high “living standards”, globalisation, a central role for market systems, or any economic growth at all, and indeed in which GDP per capita must be cut to a small fraction of current levels.

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Tuesday, April 5, 2011

Speculators, Cartels and Myths of Scarcity: How War Pushes up the Price of Oil

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Oil Wars/Wikimedia image
Dean Henderson
Global Research

Last week, as if to justify his Libyan crusade, President Obama echoed the prevailing “peak oil” myth, stating that “we must accept the new reality that from here on out, demand for oil will always exceed supply”.  It was music to the ears of the Rockefeller/Rothschild energy cartel and tax-dodger oil traders in Zug, Switzerland alike.  Both know full well that oil companies pay around $18/barrel to get crude out of the ground.

Big Oil rings up its usual quarterly record profit, speculators led by Goldman Sachs and Morgan Stanley tack on another $50/barrel and people get gouged at the gas pump.  Governments “tighten their belts”, economies contract and the myth of scarcity (root word: scare) encourages a race to the bottom for the global masses, alongside an historical concentration of power and wealth by the well-fed and fueled global elite.

A day after Obama’s endorsement of concentrated corporate power and casino capitalism, the US Department of Energy reported that the main US oil stage depot at Cushing, Oklahoma was holding 41.9 million barrels of crude oil, very near its capacity of 44 million barrels.  In other words, the US is awash in crude oil.
Jasper Roberts Consulting - Widget