The New "Golden Age" Of Oil That Wasn't: Extreme Energy Means An Extreme Planet,By Michael Klare

The New "Golden Age" Of Oil That Wasn't: Extreme Energy Means An Extreme Planet,By Michael Klare

Extreme energy will mean an extreme planet….All these processes have at least one thing in common: each pushes the envelope of what is technically possible in extracting oil (or natural gas) from geologically and geographically forbidding environments. They are all, that is, versions of “extreme energy.” To produce them, energy companies will have to drill in extreme temperatures or extreme weather, or use extreme pressures, or operate under extreme danger — or some combination of all of these. In each, accidents, mishaps, and setbacks are guaranteed to be more frequent and their consequences more serious than in conventional drilling operations. The apocalyptic poster child for these processes already played out in 2010 with BP’s Deepwater Horizon disaster in the Gulf of Mexico, and this summer we saw intimations of how it will happen again as a range of major unconventional drilling initiatives — all promising that “golden age” — ran into serious trouble.

The Fight Of The Century, By Richard Heinberg

The Fight Of The Century, By Richard Heinberg

As the world economy crashes against debt and resource limits, more and more countries are responding by attempting to salvage what are actually their most expendable features—corrupt, insolvent banks and bloated militaries—while leaving the majority of their people to languish in “austerity.” The result, predictably, is a global uprising. This current set of conditions and responses will lead, sooner or later, to social as well as economic upheaval—and a collapse of the support infrastructure on which billions depend for their very survival.

Why Going Back To Normal Is No Longer An Option For The American Economy–And Where We're Headed Now, By Sara Robinson

Why Going Back To Normal Is No Longer An Option For The American Economy–And Where We're Headed Now, By Sara Robinson

Stop waiting. ‘Cause that train’s gone, and it ain’t coming back. And the sooner we accept that “normal,” as post WWII America knew and loved it, will not be an option in this century, the sooner we’ll get ourselves moving forward on the path toward a new kind of prosperity. The only real question now is: What future awaits us on the other side of the coming shift?

Toward An Economy Of Earth, By Guy McPherson

Toward An Economy Of Earth, By Guy McPherson

We need to develop a new economy because the current version is not working. The industrial economy is destroying every aspect of the living planet. And, as it turns out, we need a living planet for our own survival.
In this essay, I briefly describe the horrors of the current interconnected, globalized, planet-destroying house of cards. Then I articulate another way, which is not difficult to do: It would pose quite a challenge to come up with a worse way, and we have several models from which to choose. I will focus on two such models, agrarian anarchy and the post-industrial Stone Age.

The End of Growth Uprising Goes Global, By Richard Heinberg

The End of Growth Uprising Goes Global, By Richard Heinberg

It began in Tunisia and Egypt, then spread throughout the Middle East and North Africa. It spilled into Spain, Greece, and Ireland. It leapfrogged to Wall Street. And this past weekend it erupted in London, Rome, Paris, Tokyo, Taipei, and Sydney. In hundreds of towns and cities around the world the uprising’s refrain is similar: economic misery resulting from fizzling economic growth is leading protesters to question corruption both in governments and in financial institutions, and to demand an end to extreme economic inequality.

Buddhism And Economic Growth, By John Stanley and David Loy

Buddhism And Economic Growth, By John Stanley and David Loy

If, in the midst of converging global crises, we wish to enhance our awareness of the interrelatedness of all things, and promote genuine spiritual contentment, we must emphasize and live by another way of life: the steady-state economy. In this fashion we can minimize, for ourselves and others, the social difficulties of transition from decades of economic growth to decades of economic contraction.

Gross National Happiness, By Richard Heinberg

Gross National Happiness, By Richard Heinberg

After World War II, the industrial nations of the world set out to rebuild their economies and needed a yardstick by which to measure their progress. The index soon settled upon was the Gross National Product, or GNP—defined as the market value of all goods and services produced in one year by the labor and property supplied by the residents of a given country. A similar measure, Gross Domestic Product, or GDP (which defines production based on its geographic location rather than its ownership) is more often used today; when considered globally, GDP and GNP are equivalent terms.