Podcast: Play in new window | Download There are three kinds of people in this world: the kind who understand mathematics, and the kind who don’t (Irony alert). You can find the latter buying lottery tickets, leaning over casino tables and conducting news conferences about the new American oil boom. It has become conventional wisdom [...]
Posts Tagged ‘ peak oil ’
Expert: Shale Gas Boom a Bubble About to Pop
January 23, 2013
Podcast: Play in new window | Download One of the top geologists in the oil exploration and production business says: 1) shale gas production by hydraulic fracturing (“fracking”) is a commercial failure. Is. Present tense. 2) shale gas will be the next financial “bubble” to collapse. 3) holding out the possibility of energy independence for [...]
Fossil Fools Ignore Arithmetic
September 14, 2012
Podcast: Play in new window | Download If you don’t believe in arithmetic — if your political or religious tenets require you to deny that 2 + 2 always equals 4 — then by all means stop right here and go read something by Glenn Beck. For the remaining minority, then, of people clinging to [...]
NPR: The Lost Best Hope
March 9, 2012
Podcast: Play in new window | Download The last bastion of intelligent and balanced journalism in this country is apparently now the lost bastion: on Morning Edition last Wednesday, NPR ran a piece on the oil bidness that was a travesty of journalism. The piece by John Ydstie “reported” on the “huge boom” in US [...]
US Oil Boom Busted
February 15, 2012
Podcast: Play in new window | Download The latest version of “Don’t Worry, Be Happy” being sung by the Big-Oil Tabernacle Choir is a variant of the old favorite, “Drill, Baby, drill.” The new lyric is that we have drilled, baby, drilled (or more accurately, fracked) and that now there is plenty of oil and [...]
Damn Right, NIMBY!
January 12, 2012
Podcast: Play in new window | Download The NIMBY (“Not in my back yard!”) movement bears the contemptuous brand assigned by the industrial media to people who oppose things such as power plants, refineries, power lines and urban sprawl. NIMBYans contradict the relentless logic of industry — “You gotta have electricity, right? Gotta have a [...]
Oil and Troubled Waters
January 10, 2012
Podcast: Play in new window | Download Like some crazed fan-dancer, the oil industry (along with its wholly owned subsidiaries such as the US Congress) is doing its best to conceal and distract us from the naked truth. It has waved in our faces during the past year such ostrich feathers as “Canadian tar sands; [...]
World’s Top Energy Economist: Brace for Impact
January 5, 2012
Podcast: Play in new window | Download Fatih Birol is the chief economist for the International Energy Agency. Throughout most of its history, the Agency (like its American counterpart, the U.S. Energy Information Administration) gave short shrift to alarms about peak oil and global climate change. But now its top analyst says (in a recent [...]
Oil: More Peaked Than Ever
October 25, 2011
Podcast: Play in new window | Download Masked by speculation, eased by the great economic contraction in the United States and Europe, the terminal industrial disease known as Peak Oil continues to ravage the industrial world, which has not yet noticed that it is infected, and is just now beginning to feel a little woozy. [...]
Saudis Try Drinking Oil, Burning Water, Eating Money
October 20, 2011
Podcast: Play in new window | Download While the industrialized world approaches the brink of peak oil — the point at which supply can no longer, ever, meet demand — the supplier of much of that oil, Saudi Arabia, is teetering on the brink of peak water. With increasing desperation, the kingdom is juggling the [...]
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