Comments on: Could ‘economic peak oil’ rival the banking crisis? http://www.rtcc.org/could-economic-peak-oil-rival-the-banking-crisis/ Latest climate change and biodiversity news, comments and analysis from Responding to Climate Change Sat, 18 May 2013 11:32:00 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: ginny http://www.rtcc.org/could-economic-peak-oil-rival-the-banking-crisis/#comment-7443 ginny Sun, 18 Nov 2012 01:47:10 +0000 http://www.rtcc.org/?p=8374#comment-7443 i have just been reading a book,Life Without Oil,--worth reading. i have just been reading a book,Life Without Oil,–worth reading.

]]> By: fereydoun barkeshli http://www.rtcc.org/could-economic-peak-oil-rival-the-banking-crisis/#comment-7158 fereydoun barkeshli Thu, 15 Nov 2012 14:32:08 +0000 http://www.rtcc.org/?p=8374#comment-7158 Mr.Smith has written an excellent article on the the issue of peak oil.I fully subscribe with the Mr.Smith's notion that in less than five years the world will face a very difficult situation in so far as energy supply is concened.Diversifying sources of energy and increasing investment in new and renewable sources of energy is inevitable but increasing investment in crude oil production is important too.Now a little bit of politics:United States has used oil and gas sanctions against unfriendly countries for about four decades now.Libya,Iraq,Venezuela,Nigeria,Angola and Iran have undergone US sanctions from time to time and have lost the opportunity to invest and develop their energy resources.This can lead the world into a total disaster.A situation pehaps much worst than 2008 housing melt down in the US. Mr.Smith has written an excellent article on the the issue of peak oil.I fully subscribe with the Mr.Smith’s notion that in less than five years the world will face a very difficult situation in so far as energy supply is concened.Diversifying sources of energy and increasing investment in new and renewable sources of energy is inevitable but increasing investment in crude oil production is important too.Now a little bit of politics:United States has used oil and gas sanctions against unfriendly countries for about four decades now.Libya,Iraq,Venezuela,Nigeria,Angola and Iran have undergone US sanctions from time to time and have lost the opportunity to invest and develop their energy resources.This can lead the world into a total disaster.A situation pehaps much worst than 2008 housing melt down in the US.

]]> By: John Wood http://www.rtcc.org/could-economic-peak-oil-rival-the-banking-crisis/#comment-7144 John Wood Thu, 15 Nov 2012 12:39:03 +0000 http://www.rtcc.org/?p=8374#comment-7144 Hallelujah! I know next to nothing about economics (I'm a design professor) but it has seemed pretty obvious to me (since 1974) that orthodox 'efficiency'/growth-centred models are equivalent to treading water without bothering to look for land.... Hallelujah! I know next to nothing about economics (I’m a design professor) but it has seemed pretty obvious to me (since 1974) that orthodox ‘efficiency’/growth-centred models are equivalent to treading water without bothering to look for land….

]]> By: RJ http://www.rtcc.org/could-economic-peak-oil-rival-the-banking-crisis/#comment-7134 RJ Thu, 15 Nov 2012 11:08:10 +0000 http://www.rtcc.org/?p=8374#comment-7134 "Currently energy only features as a minor component in orthodox theories of economic growth, if at all. Most macroeconomic models seem to be blind to energy constraints. Yet there is a growing body of evidence that demonstrates exergy plays a dominant role in the economic prosperity of industrial economies"- from the report This just proves my theory that all economists should be shot. Even the most rudimentary understanding of science would make them realize that net energy is the entire basis for anything to do work and grow “Currently energy only features as a minor component in orthodox theories of
economic growth, if at all. Most macroeconomic models seem to be blind to energy
constraints. Yet there is a growing body of evidence that demonstrates exergy plays
a dominant role in the economic prosperity of industrial economies”- from the report

This just proves my theory that all economists should be shot. Even the most rudimentary understanding of science would make them realize that net energy is the entire basis for anything to do work and grow

]]> By: Shawn Aune http://www.rtcc.org/could-economic-peak-oil-rival-the-banking-crisis/#comment-7052 Shawn Aune Wed, 14 Nov 2012 19:39:54 +0000 http://www.rtcc.org/?p=8374#comment-7052 Please read the full report. It is filled with amazing information and ways to think about resource depletion. It is hilarious that it quotes Daniel Yergin at the beginning. :) Please read the full report. It is filled with amazing information and ways to think about resource depletion.

It is hilarious that it quotes Daniel Yergin at the beginning. :)

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