Some doors are closed. We will no longer observe long-term growth of the industrial economy. In fact, any growth reported by the government or media is suspect at this point, and probably a result of the age-old fudging-the-numbers trick. We…
The cover of William Catton’s 1980 book, Overshoot, includes the following definitions: carrying capacity: maximum permanently supportable load. cornucopian myth: euphoric belief in limitless resources. drawdown: stealing resources from the future. cargoism: delusion that technology will always save us from…
As I’ve written and said many times, I see no politically viable solutions to peak oil or global climate change. There is simply no way to tell the masses the truth about economic contraction and then get re-elected. Ditto for…
Will the ongoing economic collapse reach completion in time to save the living planet, and our species, in the absence of action on our part? Perhaps. Does that give us the right to ignore the moral imperative, hoping -- or…
I spend quite a bit of time reading the work of other bloggers. Believe it or not, I’ve read a few books, too. This post follows my usual approach of being an equal opportunity offender as I comment on the…
Nine more banks failed last weekend, bringing the year’s total to 115. Along with the banks, one of the largest companies in the country declared bankruptcy, further evidence every large entity in the world will go down with energy availability. Small businesses are joining the fiesta, declaring bankruptcy like Zimbabweans, and the mother of all carry trades is headed for a collapse the size of hell and half of Montana.
The world’s first peak-oil recession has come to a close, according to third-quarter numbers invented by the federal government. Apparently dumping trillions of dollars onto big banks, insurance companies, and automobile manufacturers interrupted the plummeting descent of American Empire. The stock markets skyrocketed expectedly. Predictably, so did the commodities markets.