Goldilocks Is Dead
Five years ago I wrote an article for Reuters titled “Goldilocks and the Three Fuels.” In it, I discussed what I call the Goldilocks price zone for oil, natural gas, and coal, a zone in which prices are “just right”—high enough to reward producers but low enough to entice consumers. Ever since the start of the fossil fuel era, such a zone has existed, but not any more. This will have staggering consequences throughout the economy for the foreseeable future.
Cheap oil, complexity and counterintuitive conclusions
It is a staple of oil industry apologists to say that the recent swift decline in the price of oil is indicative of long-term abundance. Cheerleaders for cheap oil only seem to consider the salutary effects of low-priced oil on the broader economy and skip mentioning the deleterious effects of high-priced oil. They seem to ignore the possibility that the previously high price of oil actually caused the economy to slow and thereby dampened demand–which then led to a huge price decline.
The oil glut and low prices reflect an affordability problem
For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand will exceed supply. It seems to me that this view is backward–the decline in supply will come through low oil prices. The oil glut we are experiencing now reflects a worldwide affordability crisis. Because of a lack of affordability, demand is depressed. This lack of demand keeps prices low–below the cost of production for many producers.
Costa Rica uses 100% renewable energy for past 75 days.
How are they doing it?
Christian Science Monitor
The entire country of Costa Rica is currently running on completely renewable energy and has been for 75 days now. Relying mainly on hydropower, Costa Rica has not used any fossil fuels to generate electricity since the beginning of 2015. The heavy rainfall over the past year has kept hydroplants busy enough to power nearly the whole country, with geothermal, wind, biomass, and solar energy making up the deficit, according to a press release from the Costa Rican Electricity Institute.
Pollinating species declining, reveals first global assessment
International Union for Conservation of Nature
According to a new study by IUCN and partners, the conservation status of pollinating bird and mammal species is deteriorating, with more species moving towards extinction than away from it. On average, 2.4 bird and mammal pollinator species per year have moved one IUCN Red List category towards extinction in recent decades, representing a substantial increase in extinction risk across this set of species.
As Himalayan Glaciers Melt, Two Towns Face the Fallout
Daniel Grossman, Yale Environment 360
For two towns in northern India, melting glaciers have had very different impacts — one town has benefited from flowing streams and bountiful harvests; but the other has seen its water supplies dry up and now is being forced to relocate.
The Politics of Extinction
William deBuys, Tomdispatch.com
To grasp the breadth of the carnage now going on, it’s essential to realize that the war against nature is being waged on an almost infinite number of planetary fronts, affecting hundreds of species, and that the toll is already devastating. Among the battlefields, none may be bloodier than the forests of Southeast Asia, for they lie closest to China, the world’s most ravenous (and lucrative) market for wildlife and wildlife parts.
How do Empires hunt bears? The control of natural resources from ancient Rome to our times
Ugo Bardi, Resource Crisis
How did the Romans manage to keep their Empire together so well and for such a long time? It was, obviously a question of control. The entities we call “states” (and their more aggressive version known as “empires”) exist because the center can control the periphery. This control takes various forms, but, basically, it is the result of the financial system: money.