... Michael T. Klare, that is! [more]
...is just a game, or [more]
... Chalmers Johnson, that is: [more]
Just in case, ... for those who are not payin' attenshun' today, ... TSX is havin' an absolute blast right now (... it's a normal trading day today in Canada): [more]
The aggregate global decline rate is 4.5 percent, rather than the 8 percent cited in many studies, based upon CERA’s analysis of the production characteristics of 811 separate oil fields. [more]
[Pulp fiction stories are stories focused on man struggling with dark, powerful and often, evil forces, ... both internal and external, beyond his/her control.] [more]
Excellent essay by Gwynne Dyer
The jokes about the Nano, Tata Motors' new affordable car for the Indian middle class, were harmless, although very old. They told the same jokes about the Fiat 500 and the Citroen 2CV in the 1950s, when mass car ownership first came to Europe. "How do you double the value of a Nano?" "Fill the tank." "How many engineers does it take to make a Nano?" "Two. One to fold and one to apply the glue." But the hypocrisy wasn't funny at all.
The typical story in the Western media began by marvelling that Tata has managed to build a car that will sell for only 100,000 rupees (US$ 2,500). Everybody agrees that it's "cute", and it will take five people provided they don't all inhale at the same time. It has no radio, no air conditioning, and only one big windshield wiper, but such economies mean that it really is within reach of tens of millions of Indians who could only afford a scooter up to now. And that is where the hypocrisy kicked in.
"India's vehicles spewed 219 million tonnes of carbon dioxide into the atmosphere in 2005," fretted The Guardian in London. "Experts say that figure will jump almost sevenfold to 1,470 million tonnes by 2035 if car travel remains unchecked." And the Washington Post wrote: "If millions of Indians and Chinese get to have their own cars, the planet is doomed. Suddenly, the cute little Nano starts to look a lot less winning." But practically every family in the United States and Britain already has its own car (or two).
Don't they realise how ugly it sounds? Don't they understand that everybody on the planet has an equal right to own a car, if they can afford it? If the total number of people who can afford cars exceeds the number of cars that the planet can tolerate, then we will just have to work out a rationing system that everybody finds fair, or live with the consequences of exceeding the limits.
"Contraction and convergence" is the phrase they need to learn. It was coined almost twenty years ago by South African-born activist Aubrey Meyer, founder of the Global Commons Institute, and it is still the only plausible way that we might get global agreement on curbing greenhouse gas emissions worldwide.
The notion is simply that we must agree on a figure for total global emissions that cannot be exceeded, rather as we set fishing quotas in order to preserve fish stocks. Then we divide that amount by six and a half billion (the total population of the planet), and that gives us the per capita emission limit for everyone on Earth.
Of course, some people (in the developed countries, mostly) are currently emitting ten or twenty times as much as other people (mainly in the developing countries), but eventually that will have to stop. The big emitters will gradually have to "contract" their per capita emissions, while the poor countries may continue to grow theirs, until at an agreed date some decades in the future the two groups "converge" at the same level of per capita emissions. And that level, by prior agreement, will be low enough that global emissions remain below the danger point.
If you don't like that idea, then you can go with the alternative: a free-for-all world in which everybody moves towards the level of per capita emissions that now prevails in the developed countries. No negotiations or treaties required: it will happen of its own accord. So will runaway climate change, with average global temperatures as much as 6 degrees C (10 degrees F) higher by the end of the century. That means a future of famine, war and mass death.
Clucking disapprovingly about mass car ownership in India or China misses the point entirely. At the moment there are only eleven private cars for every thousand Indians. There are 477 cars for every thousand Americans. By mid-century, there will have to be the same number of cars per thousand people for both Indians and Americans -- and that number will have to be a lot lower than 477, unless somebody comes up with cars that emit no greenhouse gases at all. Otherwise, everybody loses.
(Source: gwynnedyer.net/ca/com) [more]
... then this might help. [more]
Washington Post article compares the recent rise in oil prices to a $150 billion dollar-per-year tax on the US economy. This, certainly, helps to feed the forcast of recession, ... which tends to be self-fulfilling, eh? Oh, trouble, ... [more]
... A growing number of leading industry figures -- the CEOs of Total and ConocoPhillips among them -- now question mainstream forecasts for supply, suggesting the era of "plateau oil" is nearer than many in the business have admitted. [more]
Article of interest to some, perhaps? The argument here is that if only the federal government just got out of the way, ... all would turn out to be most ducky! [How so naïve...]
Stockpiles and Speculators
the world is desperately in need of a sustainable series of new energy sources and urgent adoption of conservation measures to wean “us” all from a chronic addiction not just to oil, but all three forms of fossil fuels. Peak Oil is probably now past-tense. We have no Plan B. Natural gas and possibly peak use of quality coal and uranium might be lurking in Peak Oil’s shadow.
What Can the Scientist Say to the Investor?
An excellent read!
"U.S. crude gained $4.02 to $100 a barrel by 12:13 p.m. EST. London Brent crude rose $3.63 to $97.48."