Tuesday, November 23, 2010

The Best of The Oil Drum 2005-2010

During the past 5 years ToD have had a continuing stream of energy-related content. In the busiest of times, with a staff of over 20 volunteers, ToD were posting two articles or analyses per day. Oft times 50-60 hours of work (or more) on a post resulted in only 12 hours live on the main page.Here is a list containing, in the opinion of each author, the 'Best of The Oil Drum' from the past 5 years. The meta-list is in alphabetical order, by author last name. Much if not most of this material is still highly relevant today. If you are interested in learning about energy and society, please consider bookmarking this archive as a resource.

Monday, November 15, 2010

The End of Growth by Richard Heinberg

Excerpt from MuseLetter #222 / November 2010 by Richard Heinberg

Download printable PDF version here (PDF, 132 KB)

This is the second Museletter containing an excerpt from the upcoming book which has the working title 'The End of Growth'. The book is set for publication in July 2011.

The End of Growth

Introduction: The New Normal

The central assertion of this book is both simple and startling: Economic growth as we have known it is over and done with.

The “growth” we are talking about consists of the expansion of the overall size of the economy (with more people being served and more money changing hands) and of the quantities of energy and material goods flowing through it.

The economic crisis that began in 2007-2008 was both foreseeable and inevitable, and it marks a permanent, fundamental break from past decades—a period during which most economists adopted the unrealistic view that perpetual economic growth is necessary and also possible to achieve. There are now fundamental barriers to ongoing economic expansion, and the world is colliding with those barriers.

This is not to say the U.S. or the world as a whole will never see another quarter or year of growth relative to the previous quarter or year. However, when the bumps are averaged out, the general trend-line of the economy (measured in terms of production and consumption of real goods) will be level or downward rather than upward from now on.

Nor will it be impossible for any region, nation, or business to continue growing for a while. Some will. In the final analysis, however, this growth will have been achieved at the expense of other regions, nations, or businesses. From now on, only relative growth is possible: the global economy is playing a zero-sum game, with an ever-shrinking pot to be divided among the winners.

[via MuseLetter read full article there]

Friday, November 12, 2010

The Coming Oil Crisis & Why You Should Care

On the Financial Sense Newshour this week, Jim Puplava is pleased to have Dr. Colin Campbell on the program. Dr. Campbell, a pioneer in the field of peak oil, believes the effects of peak oil are coming sooner than expected, and the warnings from experts around the globe are largely being ignored by the politicians.

Dr. Campbell is now a Trustee of the Oil Depletion Analysis Centre ("ODAC") in the United Kingdom, a charitable organisation in London that is dedicated to researching the date and impact of the peak and decline of world oil production due to resource constraints, and raising awareness of the serious consequences. He has published extensively, and his recent articles have stimulated lively debate. His views are provocative yet carry the weight of a wide international experience.

Wednesday, November 10, 2010

A Brief History of Fossil Fuels - THE ULTIMATE ROLLER COASTER RIDE

by Richard Heinberg

Fossil fuels have powered human growth and ingenuity for centuries. Now that we're reaching the end of cheap and abundant oil and coal supplies, we're in for an exciting ride. While there's a real risk that we'll fall off a cliff, there's still time to control our transition to a post-carbon future.

And now, for your viewing and sharing pleasure we bring you 300 YEARS OF FOSSIL FUELED GROWTH IN 5 MINUTES:

Written and narrated by PCI Senior Fellow Richard Heinberg.
Animated by the wonderful team at MONSTRO DESIGN.

[via postcarbon.org]