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Policy news & blueprints for the transition to a new Sustainable and Social Economy
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IEA Says the Party’s Over

IEA Says the Party’s Over | The Great Transition | Scoop.it
The International Energy Agency has just released a new special report called “World Energy Investment Outlook” that should send policy makers screaming and running for the exits.
Willy De Backer's insight:

Great analysis by Richard Heinberg of the international Energy Agencies recent 'World Energy Investment Outlook'. World needs at least 48 trillion dollars investments through 2035.

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Why the Peak Oilers are still right

Why the Peak Oilers are still right | The Great Transition | Scoop.it
The oil and gas boom in the U.S. has some people arguing that we no longer need to worry about fossil-fuel supplies. Au contraire.
Willy De Backer's insight:

Excellent analysis by Richard Heinberg of the changing game between Goliath (the fossl fuel Cornucopians) and little David (the Peakists), with good arguments on why the story will end as we know.

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Giorgio Clarotti's comment, August 6, 2013 6:29 AM
Hi Willy, surprised not to have found a Scoop on this week's article on the Economist. See my tweet of Saturday 4th August Eurobrat@Eurobrat14 Aug
The end of #oilage?
What happens if even the Free capitalist market bible starts doubting #peakoil? The Economist http://goo.gl/uOVFC8
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Write-down of two-thirds of US shale oil explodes fracking myth

Write-down of two-thirds of US shale oil explodes fracking myth | The Great Transition | Scoop.it
Industry's over-inflated reserve estimates are unravelling, and with it the 'American dream' of oil independence
Willy De Backer's insight:

Is the American shale bubble going to bust? Nafeez Ahmed provides the facts. But do facts matter for policymakers?

"Despite the mounting evidence that the shale gas boom is heading for a bust, both economically and environmentally, both governments and industry are together pouring their eggs into a rather flimsy basket." Or: the power of lobbying...

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Eli Levine's curator insight, May 24, 2014 6:02 PM

The big problem with using a finite energy source: you're eventually going to run out of it.

 

Nature is telling us that it is way past due for us to be getting off of the fossil fuels through the effects we are experiencing from climate change.  The universe itself seems to be telling us that it is time to get off fossil fuels through this development.  Conservatives can't realize and accept that there does come a point when you HAVE to make ACTUAL changes to your regimen in order to survive.  Corporatist Libertarians don't seem to be able to accept or realize that you NEED government to take a proactive role in bringing this about; that the market will not make the changes fast enough or thorough enough to bring about the changes that we need in order to make a significant enough difference in order to survive.

 

Both of these sides are driven by ideology primarily, not by science or fact.  Most of the Liberals and self-described "Progressives" also live only on the plane of ideology and not in the empirical reality that is around them.  This is how they have been so ineffectual at getting anything done to counter the Right and the Corporatist Libertarians when they have the basic outlines of the solutions that people both want and need in order to be well and survive in reality.

 

This is how the species is going to be made to go through a resetting phase, where hopefully, those with the poor brain types will be driven out or killed off by nature in the process of trying to survive and failing to do so.  Quite honestly I don't want to go through this phase myself.  That is why and how I am so vocal with my opposition to both the stupidity and senselessness of all sides in the political arena save for true Progressives and people who put facts and science ahead of personal belief, ideology or identity.

 

Think about it.

 

Because will you likely be among the survivors who are left to pick up the pieces and all of the nonsense that comes with that?  Or will your clueless, ignorant and nonsensing brain lead you and yours into a natural death?

 

Think carefully, because you don't have a choice in the matter.  That is just an illusion and nothing more.

 

Think about it.

Michael Stuart's curator insight, May 31, 2014 11:10 PM

Perhaps some plays, but each is different, Eagle Ford Shale Play in Texas continues to exceed expectations.

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Does the U.S. Really Have More Oil than Saudi Arabia?

Does the U.S. Really Have More Oil than Saudi Arabia? | The Great Transition | Scoop.it

Good reality check by Robert Rapier of the so-called oil glut in the US, explaining the difference between tight oil and shale oil, and resources and reserves.

 

"...while the U.S. might indeed have greater oil resources than Saudi Arabia, U.S. oil reserves (per the BP Statistical Review of World Energy) are only about 1/10th those of Saudi Arabia. The distinction is important."

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