Author and Post Carbon Institute Fellow Richard Heinberg writes that the current debt limit showdown is actually less important than a larger fundamental trend that few national leaders are acknowledging.
The even bigger, and most important, context is that we are entering a new historic era. Oil prices are high due to the ongoing depletion . . . → Read More: Rethinking the economy
Economist Jeff Rubin makes a strong case for the inevitable return of $140 per barrel oil before long due to the decline in easy-to-find conventional oil and the increasing consumption by China, India, and other developing nations. And he makes a strong case that the root cause of the recent economic meltdown had more to . . . → Read More: Oil and the end of globalization
Peak oil is sometimes defined as the point at which the maximum rate of global petroleum extraction is reached, after which the rate of production begins to decline. Some experts believe that global peak oil will be reached by 2020; others insist that peak oil has already happened. Peak oil was reached for U.S. oil . . . → Read More: The real meaning of peak oil