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The Peak Oil Crisis: Alternative Futures

Tom Whipple

A paper published recently by the IMF gives us some insight into how oil prices and availability might affect the global economy in the next decade. The paper, entitled Oil and the World Economy: Some Possible Futures, starts with...

You Can’t Say That!

Richard Heinberg

  In his November 14 press conference president Obama made a few brief comments about global warming: “There’s no doubt that for us to take on climate change in a serious way would involve making some tough political choices...

President Declares ‘War on Entropy’

Richard Heinberg

Enjoy this satirical look at the politics of energy by PCI Senior Fellow Richard Heinberg. CDN News, October 25 (Washington, DC) At a hastily organized news conference, president Obama this morning called for a new national effort to restore...

Gas Bubble Leaking, About to Burst

Richard Heinberg

For the past three or four years media sources in the U.S. trumpeted the “game-changing” new stream of natural gas coming from tight shale deposits produced with the technologies of horizontal drilling and hydrofracturing. So much gas surged from...

Why Growth Is Ending (the elevator pitch)

Richard Heinberg

Diminishing Returns. Of the three phases of the industrial period (coal/steam/railroads, 1800-1930; oil/electrification/automobiles, 1930-1980; and computers/cell phones/Internet, 1980-present), the second yielded the lion’s share of growth. By the 1980s, electrification and car-buying had reached a point of diminishing returns in...