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

Thursday, August 11, 2011

Twenty seven planet Earths by 2050

AlterNet: Do we need a militant movement to save the planet (and ourselves)? Three writers say yes. By this, they mean a committed small minority willing to go beyond even civil disobedience to direct destructive action against key industrial infrastructure. While such ideas remain on the fringe today, I suspect that the coming decades may well see debates shift from "do we have a problem?" to "just how radically and rapidly do we need to change?".

IPS: Growing Water Deficit Threatening Grain Harvests. This isn't a problem confined to one area. Water stress is already affecting agriculture in parts of the USA, China, India, Middle East, Mexico, Pakistan and large areas of Africa.

Mongabay: Protected areas not enough to save biodiversity (a.k.a. life on earth): "Humans now impact over 80 percent of the world's land and 100 percent of the oceans. Around 40 percent of the Earth's surface has been 'strongly affected' by our consumption. [...] According to recent estimates, about 1.2 Earths would be required to support the different demands of the 5.9 billion people living on the planet in 1999 [...] if global society continues down the road we are on, we will need 27 planet Earths to sustain our consumption by 2050. [...] We're talking about losing 50 percent of species in the next half century—that's faster than any previous mass extinction event—and anybody who thinks we can go through a mass extinction and be perfectly fine is just deluding themselves." This is perhaps the most seriously dark paper I have come across in some time. And that is saying something.

Scientific American: Will 10 billion people use up the planet's resources? "The human enterprise now consumes nearly 60 billion metric tons of minerals, ores, fossil fuels and plant materials, such as crop plants and trees for timber or paper. [...] Hundreds of millions of people in Europe, North America and Asia live a modern life, which largely means consuming more than 16 metric tons of such natural resources—or more—per person per year. If the billions of poor people living today or born tomorrow consume anything approaching this figure, the world will have to find more than 140 billion metric tons of such materials each year by mid-century. [...] Between 1980 and 2002, the resources required to produce $1,000 worth of consumer goods fell from 2.1 metric tons to just 1.6 metric tons and global per capita income has increased seven-fold. The bad news is that trend will not necessarily continue and—in absolute terms—resource consumption has increased 10-fold since 1900 [...] already it takes three times as much total mining material to produce the same amount of ore as 100 years ago [...] Nor is it clear that "decoupling"—rising economic growth paired with reductions in resource consumption—actually is now taking place; most gains to date, such as those in Germany or Japan, may simply have been achieved by outsourcing resource-intensive manufacturing and the like abroad to countries like China."

NYT: Profile of a (very rich) Cassandra: "The prices of all important commodities except oil declined for 100 years until 2002, by an average of 70 percent. From 2002 until now, this entire decline was erased by a bigger price surge than occurred during World War II. Statistically, most commodities are now so far away from their former downward trend that it makes it very probable that the old trend has changed — that there is in fact a Paradigm Shift — perhaps the most important economic event since the Industrial Revolution.”

MWH: Ten things you didn't know you owned.

DD: Unemployment in the USA. A scary graph.

Mongabay: The glass is half-full: conservation has made a difference.

Tuesday, February 01, 2011

Tunisia, Egypt and the food in your shopping trolley

Popular uprisings as seen recently in Tunisia and currently underway in Egypt usually have a complex network of contributing and enabling causes. One of the triggers in both cases may well have been a spike in food prices. Both Tunisia and Egypt import much of their food and have large segments of the population for whom food purchases comprise a hefty chunk of the weekly budget. A similar price spike in 2008 likely contributed to protests, rioting and unrest in at least sixteen countries.

Why the spike in food prices? That too is complex, but significant elements in the present mix include speculation, high oil prices and a string of weather-related disasters affecting crop production around the globe. Why speculation? Partially because of the cheap money being poured into major economies (or rather, into the financial system) and the unattractiveness of some alternatives in a downturn, that is, such speculation is one manifestation of the ongoing debt crisis that first publicly reared its head in 2008. Why high oil prices? Again, partially due to financial speculation, but this coming on top of long-term supply issues related to the peaking of conventional oil. Why crop failures? Many reasons here too, but among them are a string of destructive weather events consistent with predictions of climate change.

Yes, there are many other causes: repressive governments, rising economies shifting the balance of economic and political power, trends in global consumption patterns, biofuel and agricultural policies, local population growth and migration patterns, corporate interests, and of course the particular contours of various national histories and the actions and beliefs of certain influential individuals. But the triple converging crises of debt, depletion and degradation (also known as economy, energy and ecology) are likely to continue to contribute to these kinds of headlines.

So if you've noticed that some of the food in your shopping trolley has jumped in price recently, don't neglect to join the dots. What is a mild frustration to me in my wealth can mean the straw that breaks the camel's back for a nation closer to the edge. What can you do about it? All kinds of things, because it doesn't have to be this way.

Sunday, May 30, 2010

This is what the end of the oil age looks like

“This is what the end of the oil age looks like. The cheap, easy petroleum is gone; from now on, we will pay steadily more and more for what we put in our gas tanks—more not just in dollars, but in lives and health, in a failed foreign policy that spawns foreign wars and military occupations, and in the lost integrity of the biological systems that sustain life on this planet. The only solution is to do proactively, and sooner, what we will end up doing anyway as a result of resource depletion and economic, environmental, and military ruin: end our dependence on the stuff.”

- Richard Heinberg from here.

I am not necessarily a fan of everything Richard Heinberg says, but this post is about right, at least in the medium to long term. "Steadily" rising prices (economic, social, ecological and so on) doesn't necessarily mean that every day will be more expensive than the previous. There will still be peaks and troughs, but the overall trend is away from cheap oil. As has been noted many times before, the reason we are now drilling in such technically challenging and dangerous locations is that the easier oil is going or gone. It's all uphill from here.

Thursday, June 19, 2008

The future is expensive

Following the success of their Climate Clever-er campaign last year, GetUp are hoping to soon run this ad on prime time TV (to make it happen, donate here).*

Both ads use humour to make their point; in both cases the government's proposed solutions are ludicrously inadequate when compared with the magnitude of the issue. High petrol prices are here to stay. There's no point cutting excise, whether by 5c or 10c, nor will knowing tomorrow's high price make it more affordable. We need to change our assumptions and behaviour, to discover that life does not consist in the abundance of possessions.
*Notice that GetUp are criticising Kevin and the ALP (not for the first time!). This is no Labor front.

Friday, June 06, 2008

Diamonds are forever...

...other carbon-based mining resources may not last quite so long.

Do any of these headlines sound familiar?

• Oil at all-time high
• Consumers demand relief from rising petrol prices
• Oil closes at another record
They were front page news back on 28th September 2004 when the price of a barrel of West Texas crude (the standard used to talk about 'the price of oil') briefly passed US$50. In 2000, during his first presidential campaign, Bush criticised the Clinton administration for shamefully "allowing" the price to skyrocket to $28 a barrel. This morning, I woke to hear it is now at US$138.54.

When will we wake up and smell the coffee?