Reflection 10 years on: The Party’s Over: Oil, War and the Fate of Industrial Societies #FT #peakoil
Reflection 10 years on: The Party’s Over: Oil, War and the Fate of Industrial Societies #FT #peakoil
http://www.postcarbon.org/blog-post/1939341-ten-years-after#
10 years on from initial publication Richard Heinberg looks back. Really influential book for me (ecology, 'money', energy/work, growth) and this essay is wise and timely.
Peakoil as a term has been deliberately undermined/misinterpreted over the past decade however our current economic problems were predicted & explained by 'peakists' joining the dots between energy costs & economic activity.
This quote on growth is telling:
"Resistance to the idea of peak oil has also come from mainstream economists. That’s because (as The Party’s Over explained on pages 169-172) peak oil effectively means the end of economic growth as we knew it during the 20th century. Growth is sacred to most economists: even credentialed insiders (economists like Jeff Rubin or investment fund managers like Jeremy Grantham) who question growth get pilloried by the priesthood. Politicians and businessmen love growth and hate anything that might call into question our ability to maintain it from here to eternity. For this reason alone, peak oil theory was destined for a public thrashing regardless of its accuracy."
http://www.postcarbon.org/new-site-files/pc.org%202.0%20book%20images/tpo-cover-large.jpg
http://www.postcarbon.org/blog-post/1939341-ten-years-after#
10 years on from initial publication Richard Heinberg looks back. Really influential book for me (ecology, 'money', energy/work, growth) and this essay is wise and timely.
Peakoil as a term has been deliberately undermined/misinterpreted over the past decade however our current economic problems were predicted & explained by 'peakists' joining the dots between energy costs & economic activity.
This quote on growth is telling:
"Resistance to the idea of peak oil has also come from mainstream economists. That’s because (as The Party’s Over explained on pages 169-172) peak oil effectively means the end of economic growth as we knew it during the 20th century. Growth is sacred to most economists: even credentialed insiders (economists like Jeff Rubin or investment fund managers like Jeremy Grantham) who question growth get pilloried by the priesthood. Politicians and businessmen love growth and hate anything that might call into question our ability to maintain it from here to eternity. For this reason alone, peak oil theory was destined for a public thrashing regardless of its accuracy."
http://www.postcarbon.org/new-site-files/pc.org%202.0%20book%20images/tpo-cover-large.jpg
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