Energy Bulletin - Economics

It feels as though we now have the first informed American report on the oil issue. One is struck by how well they describe the problem that ASPO and my research group have attempted to raise awareness of during the last 10 years. That this group of Americans perceive reality in a different way than is common in the USA is presumably because they are diplomats who have been outside the USA’s borders and have studied their nation from a different perspective.

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-Dump the pump: could peak oil be voluntary?
-Shell's Majnoon deal highlights Iraq oil target verdict
-Insight - Peak, pause or plummet? Shale oil costs at crossroads

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Could we really feel that the Transition movement's responses were adequate in the face of the suffering being inflicted by the crisis? Would speaking of local currencies feel sufficient in comforting the family of the pensioner who shot himself in front of the Greek Parliament last month after his pension was cut to nothing (described by Greeks not as suicide, but as "financial murder")?

Transitioning Money means building narratives and economic structures that empower people to step away from the crumbling mainstream and learn to trust in each other again, instead of in money.

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Sacred Economics: Money, Gift and Society in the Age of Transition by Charles Eisenstein is a well-researched discussion of the history of money, capitalist economics and the worldwide movement for economic relocalization. Part I explores the profound effect the institution of money has on human thinking and psychology, as well as direct links between our monetary system, the current economic crisis and the impending global ecological crisis. Parts II and III explore possible alternatives to a debt-based monetary system that has outlived its usefulness.

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The prospect of weaker oil demand in the face of the Euro crisis was balanced this week by warnings from the IEA and Saudi Arabia. Sadad al-Husseini, the former head of Exploration and Production at Saudi Aramco, wrote that "$100 for Brent is quite a correction and it will be a challenge to sustain such a low price beyond the short term"...

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I was really cheered to see a comment on my post about the need to understand the economy as a complex system, pulling me up for not mentioning the limitations of a Keynesian approach in an era of ecological crisis. I covered this point in my earlier post 'A green paradox of thrift', but I am still encouraged to know that the no-growth position is now so established that people are reminding me about it!

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For the past two years or more, I’ve been working on a major research and writing project to try to recover from the mists of history the bits and pieces of what might be called “commons law” (not to be confused with common law). Commons law consists of those social practices, cultural traditions and specific bodies of formal law that recognize the rights of commoners to manage their own resources. Most of these governance traditions deal with natural resources such as farmland, forests, fisheries, water and wild game. Commons law has existed in many forms, and in many cultures, over millennia.

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Bruce Dunlop was an engineer before he became a farmer on a picturesque island off the coast of Washington in 2002. This technical background turned out to serve him well in producing pork and lamb to sell from Lopez Island Farm. Faced with the financial and logistical difficulty of transporting his live animals 200 miles to the closest USDA-permitted slaughterhouse on the mainland—a trip that included a 45-minute ferry ride—he began designing the nation’s first mobile slaughterhouse, in cooperation with Washington State University extension and Lopez Community Land Trust.

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A midweekly roundup of peak oil news, including:
-Developments this week

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So the Eurozone is on the brink of slipping back into Recession. The latest growth figures indicate the growing inequality that the single currency is causing between Europe's countries. The quaterly rates of growth range from -1.3% in Hungary to +1.3% in Finland. Meanwhile, annual rates of growth in 2012 compared with the same quarter in 2011 are truly shocking. Greece is showing a contraction of 6.2%, while the Portuguese economy contracted by 2.2%. The Netherlands shrank by 1.3%, while the UK is registering at zero. In the case of Greece, Spain and the countries that are showing disturbing rates of contraction, the austerity measures are the key cause of this. The failure to understand this appears to be wilful stupidity.

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Could it be that we could create new housing, and new work spaces in such a way that each new development produces houses that lock up a lot of carbon in terms of their materials, generate very little carbon during their inhabitation, which create a diversity of new enterprises and livelihoods, show what deep public consultation in relation to development really looks like, all kinds of trainings, opportunities for people to invest in and benefit from the development, which create a huge sense of excitement and anticipation, invites the local community to get involved at regular stages and which create buildings and developments that feel timeless, rather than bound to a particular short-lived era of architectural fashion? I think so.

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Today, the levers of Macroeconomics, the economic devices traditionally used as control levers for national economies, are broken or blocked.

It's time to start up new strategies with new content and media, set in a new scale, the human scale.

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In the scant three weeks that Occupy the Farm persisted as a physical occupation, it expanded the tactics, objectives, and vision of the Occupy Movement; it restored the frontlines of a local struggle to get the University of California to respond to community needs rather than corporate interests; it took an issue that is generally only spoken of in the so-called ‘Third World’ – that of food sovereignty and territorial rights – and dropped it into the heart of the urban San Francisco Bay Area; and, it asserted, in the flesh, a demand that many progressives have spoken of in recent years, but few have had sufficient vision, understanding or bravery to manifest: Occupy the Farm was, and is, a bold, largely unprecedented act of reclaiming the Commons in the most immediate sense – taking land out of private speculation and putting it into community use.

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-Familiar echoes in shale gas boom
-'Fracking' risks found to have been diminished (Report)
-Medical Records Could Yield Answers On Fracking
-Water safe in town made famous by fracking-EPA
-Shale causes rise in waste gas pollution
-Obama Warms to Energy Industry by Supporting Natural Gas

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- Peak oil debate is over, says Total chief
- Oil Falls to 2012 Low on Greek Debt, Saudi Call for Drop
- Reuters global energy and envrionment summit

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Tom uses simple, easy-to-understand math -- yes, that four-letter word -- to logically -- I say quite logically -- make the case that simply extrapolating past trends in energy and economic growth is not going to cut it. Instead, we face gigantic challenges and significant risks to our current model. Not least of which is, when asked what we will use when fossil fuels dwindle away, the most typical answer is I’m sure we will think of something. That is, our future of energy is a question mark right now.

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Though it seems like a relatively unique idea, around 40 community tool libraries already exist throughout the United States, from Philadelphia to Seattle and south to Oakland and New Orleans. Each has its own unique flavor but most operate roughly the same way by accepting tool donations from the community and then lending those tools out for free--or nearly free--to anyone capable of presenting an ID and signing a waiver. Through that basic setup, some tool libraries have been happily participating in the sharing economy for over 20 years.

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Power generation from coal is falling quickly. According to new figures from the U.S. Energy Information Administration, coal made up 36 percent of U.S. electricity in the first quarter of 2012 -- down from 44.6 percent in the first quarter of 2011. That stunning drop, which represented almost a 20 percent decline in coal generation over the last year, was primarily due to low natural gas prices. As EIA explains, natural gas generation will climb steadily this year, while coal will see a double-digit drop by the end of 2012...

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For those of us working in ecological and economic sustainability, Rio+20 is a big deal, and in our circles, just about everyone knows about it. Yet we have to wonder, what proportion of the general public has even heard of Rio+20, much less knows what it is? It's a big question for a forum like the Daly News, where we're all about mainstreaming sustainability. When we mention Rio+20, do we quickly lose readers who vaguely assume it's some international, esoteric event with little relevance to mainstream society?

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It's not just that what we generally think of as free energy doesn't occur in nature, but also that free energy does occur in the everyday lived environments of people in industrial nations, which we might thus say are unnatural. So what are instances of free energy that we experience in our lives, and why do they matter?

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