BP recently published energy data through December 31, 2017, in its Statistical Review of World Energy 2018. The following are a few points we observe, looking at the data:
[1] The world is making limited progress toward moving away from fossil fuels.
The two bands that top fossil fuels that are relatively easy to see are nuclear electric power and hydroelectricity. Solar, wind, and “geothermal, biomass, and other” are small quantities at the top that are hard to distinguish.
Figure 1. World energy consumption divided between fossil fuels and non-fossil fuel energy sources, based on data from BP 2018 Statistical Review of World Energy 2018.
Wind provided 1.9% of total energy supplies in 2017; solar provided 0.7% of total energy supplies. Fossil fuels provided 85% of energy supplies in 2017. We are moving away from fossil fuels, but not quickly.
Of the 252 million tons of oil equivalent (MTOE) energy consumption added in 2017, wind added 37 MTOE and solar added 26 MTOE. Thus, wind and solar amounted to about 25% of total energy consumption added in 2017. Fossil fuels added 67% of total energy consumption added in 2017, and other categories added the remaining 8%.
[2] World per capita energy consumption is still on a plateau.
In recent posts, we have remarked that per capita energy consumption seems to be on a plateau. With the addition of data through 2017, this still seems to be the case. The reason why flat energy consumption per capita is concerning is because energy consumption per capita normally rises, based on data since 1820.1 This is explained further in Note 1 at the end of this article. Another reference is my article, The Depression of the 1930s Was an Energy Crisis.
Figure 2. World energy consumption per capita, based on BP Statistical Review of World Energy 2018 data.
While total energy consumption is up by 2.2%, world population is up by about 1.1%, leading to a situation where energy consumption per capita is rising by about 1.1% per year. This is within the range of normal variation.
One thing that helped energy consumption per capita to rise a bit in 2017 relates to the fact that oil prices were down below the $100+ per barrel range seen in the 2011-2014 period. In addition, the US dollar was relatively low compared to other currencies, making prices more attractive to non-US buyers. Thus, 2017 represented a period of relative affordability of oil to buyers, especially outside the US.
[3] If we view the path of consumption of major fuels, we see that coal follows a much more variable path than oil and natural gas. One reason for the slight upturn in per capita energy consumption noted in [2] is a slight upturn in coal consumption in 2017.
Figure 3. World oil, coal, and natural gas consumption through 2017, based on BP Statistical Review of World Energy 2018.
Coal is different from oil and gas, in that it is more of a “dig it as you need it” fuel. In many parts of the world, coal mines have a high ratio of human labor to capital investment. If prices are high enough, coal will be extracted and consumed. If prices are not sufficiently high, coal will be left in the ground and the workers laid off. According to the BP Statistical Review of World Energy 2018, coal prices in 2017 were higher than prices in both 2015 and 2016 in all seven markets for which they provide indications. Typically, prices in 2017 were more than 25% higher than those for 2015 and 2016.
The production of oil and natural gas seems to be less responsive to price fluctuations than coal.2 In part, this has to do with the very substantial upfront investment that needs to be made. It also has to do with the dependence of governments on the high level of tax revenue that they can obtain if oil and gas prices are high. Oil exporters are especially concerned about this issue. All players want to maintain their “share” of the world market. They are reluctant to reduce production, regardless of what prices do in the short term.
[4] China is one country whose coal production has recently ticked upward in response to higher coal prices.
Figure 4. China’s energy production by fuel, based on BP Statistical Review of World Energy 2018 data.
China has been able to bridge the gap by using an increasing amount of imported fuels. In fact, according to BP, China was the world’s largest importer of oil and coal in 2017. It was second only to Japan in the quantity of imported natural gas.
[5] China’s overall energy pattern appears worrying, despite the uptick in coal production.
Figure 5. China’s energy production by fuel plus its total energy consumption, based on BP Statistical Review of World Energy 2018 data.
If China expects to maintain its high GDP growth ratio as a manufacturing country, it will need to keep its energy consumption growth up. Doing this will require an increasing share of world exports of fossil fuels of all kinds. It is not clear that this is even possible unless other areas can ramp up their production and also add necessary transportation infrastructure.
Oil consumption, in particular, is rising quickly, thanks to rising imports. (Compare Figure 6, below, with Figure 4.)
Figure 6. China’s energy consumption by fuel, based on BP Statistical Review of World Energy 2018.
[6] India, like China, seems to be a country whose energy production is falling far behind what is needed to support planned economic growth. In fact, as a percentage, its energy imports are greater than China’s, and the gap is widening each year.
The big gap between energy production and consumption would not be a problem if India could afford to buy these imported fuels, and if it could use these imported fuels to make exports that it could profitably sell to the export market. Unfortunately, this doesn’t seem to be the case.
Figure 7. India’s energy production by fuel, together with its total energy consumption, based upon BP Statistical Review of World Energy 2018 data.
India’s electricity sector seems to be having major problems recently. The Financial Times reports, “The power sector is at the heart of a wave of corporate defaults that threatens to cripple the financial sector.” While higher coal prices were good for coal producers and helped enable coal imports, the resulting electricity is more expensive than many customers can afford.
[7] It is becoming increasingly clear that proved reserves reported by BP and others provide little useful information.
BP provides reserve data for oil, natural gas, and coal. It also calculates R/P ratios (Reserves/Production ratios), using reported “proved reserves” and production in the latest year. The purpose of these ratios seems to be to assure readers that there are plenty of years of future production available. Current worldwide average R/P ratios are
- Oil: 50 years
- Natural Gas: 53 years
- Coal: 134 years
The reason for using the R/P ratios is the fact that geologists, including the famous M. King Hubbert, have looked at future energy production based on reserves in a particular area. Thus, geologists seem to depend upon reserve data for their calculations. Why shouldn’t a similar technique work in the aggregate?
For one thing, geologists are looking at particular fields where conditions seem to be favorable for extraction. They can safely assume that (a) prices will be high enough, (b) there will be adequate investment capital available and (c) other conditions will be right, including political stability and pollution issues. If we are looking at the situation more generally, the reasons why fossil fuels are not extracted from the ground seem to revolve around (a), (b) and (c), rather than not having enough fossil fuels in the ground.
Let’s look at a couple of examples. China’s coal production dropped in Figure 4 because low prices made coal extraction unprofitable in some fields. There is no hint of that issue in China’s reported R/P ratio for coal of 39.
Although not as dramatic, Figure 4 also shows that China’s oil production has dropped in recent years, during a period when prices have been relatively low. China’s R/P ratio for oil is 18, so theoretically it should have plenty of oil available. The Chinese figured out that in some cases, it could import oil more cheaply than it could produce it themselves. As a result, China’s production has dropped.
In Figure 7, India’s coal production is not rising as rapidly as needed to keep production up. Its R/P ratio for coal is 137. Its oil production has been declining since 2012. Its R/P for oil is shown to be 14.4 years.
Another example is Venezuela. As many people are aware, Venezuela has been having severe economic problems recently. We can see this in its falling oil production and its related falling oil exports and consumption.
Figure 8. Venezuela’s oil production, consumption and exports, based on data of BP Statistical Review of World Energy 2018.
Yet Venezuela reports the highest “Proved oil reserves” in the world. Its reported R/P ratio is 394. In fact, its proved reserves increased during 2017, despite its very poor production results. Part of the problem is that proved oil reserves are often not audited amounts, so proved reserves can be as high as an exporting country wants to make them. Another part of the problem is that price is extremely important in determining which reserves can be extracted and which cannot. Clearly, Venezuela needs much higher prices than have been available recently to make it possible to extract its reserves. Venezuela also seems to have had low production in the 1980s when oil prices were low.
I was one of the co-authors of an academic paper pointing out that oil prices may not rise high enough to extract the resources that seem to be available. It can be found at this link: An Oil Production Forecast for China Considering Economic Limits. The problem is an affordability problem. The wages of manual laborers and other non-elite workers need to be high enough that they can afford to buy the goods and services made by the economy. If there is too much wage disparity, demand tends to fall too low. As a result, prices do not rise to the level that fossil fuel producers need. The limit on fossil fuel extraction may very well be how high prices can rise, rather than the amount of fossil fuels in the ground.
[8] Nuclear power seems to be gradually headed for closure without replacement in many parts of the world. This makes it more difficult to create a low carbon electricity supply.
A chart of nuclear electricity production by part of the world shows the following information:
Figure 9. Nuclear electric power production by part of the world, based on BP Statistical Review of World Energy 2018. FSU is “Former Soviet Union” countries.
The peak in nuclear power production took place in 2006. A big step-down in nuclear power generation took place after the Fukushima nuclear power accident in Japan in 2011. Europe now seems to be taking steps toward phasing out its nuclear power plants. If nothing else, new safety standards tend to make nuclear power plants very expensive. The high price makes it too expensive to replace aging nuclear power plants with new plants, at least in the parts of the world where safety standards are considered very important.
In 2017, wind and solar together produced about 59% as much electricity as nuclear power, on a worldwide basis. It would take a major effort simply to replace nuclear with wind and solar, and the results would not provide as stable an output level as is currently available.
Of course, some countries will go forward with nuclear, in spite of safety concerns. Much of the recent growth in nuclear power has been in China. Countries belonging to the former Soviet Union (FSU) have been adding new nuclear production. Also, Iran is known for its nuclear power program.
Conclusion
We live in challenging times!
Notes:
(1) There is more than one way of seeing that energy consumption per capita needs to rise, despite rising efficiency.
One basic issue is that enough energy consumption needs to get back to individual citizens, particularly citizens with few skills, so that they can continue to have the basic level of goods and services that they need. This includes food, clothing, housing, transportation, education and other services, such as medical services. Unfortunately, history shows that efficiency gains don’t do enough to offset several other countervailing forces that tend to offset the benefits of efficiency gains. The forces working against unskilled workers getting enough goods and services include the following:
(a) Diminishing returns ensures that an increasing share of energy supplies must be used to dig deeper wells or provide water desalination, to operate mines for all kinds of minerals, and to extract fossil fuels. This means that less of the energy that is available can get back to workers.
(b) Governments need to grow because of promises that they have made to citizens. Retirement benefits in particular are an issue, as populations age. This takes another “cut” out of what is available.
(c) Increased use of technology tends to produce a much more hierarchical workforce structure. People at the top of the organization are paid significantly more than those near the bottom. Globalization tends to add to this effect. It is the low wages of those at the bottom of the hierarchy that becomes a problem because those workers cannot afford to buy the goods and services that they need to provide for themselves and their families.
(d) Increasing use of technology can often produce replacements for manual labor. For example, robots and computers can replace some jobs, leaving many would-be workers unemployed. The companies that produce the replacements for manual labor are often international companies that are difficult to tax. Governments can try to raise taxes to provide benefits to those excluded from the economy as a consequence of the growing use of technology, but this simply exacerbates the problem described as (b) above.
(e) The world economy always has some countries that are doing better than others in terms of GDP growth. These countries are nearly always countries whose energy use per capita is growing. Current examples include China and India. If world resources per capita are flat, there must be others whose energy consumption per capita is falling. Examples today would include Venezuela, Greece and the UK. It is the countries with falling energy consumption per capita that have the more severe difficulties. Our networked world economy cannot get along without these failing economies.
Besides the issue of enough goods and services getting back to those with limited skills, a second basic issue is having enough energy-based goods and services to actually fulfill promises that have been made. One type of promise is debt and related interest payments. Another type of promise is that made by pension plans, whether government sponsored or available from private industry. A third type of promise is represented by asset prices available in the marketplace, such as prices of shares of stock and real estate prices.
The problem is that promises of all types can, in theory, be exchanged for goods and services. The stock of goods and services cannot rise very quickly, if energy consumption is only rising at the per-capita rate. Even if more money is issued, the problem becomes dividing up a not-very-rapidly growing pie into ever-smaller pieces, to try to fulfill all of the promises.
(2) With respect to oil, the one major deviation from its flat pattern occurred in the early 1980s, when world oil consumption fell by 11% between 1979 and 1983. This happened as the result of a concerted effort to change home heating and electricity production to other fuels. It also involved a change from large inefficient cars to smaller, more fuel efficient cars. After the 2007-2009 recession, there was another small step downward. This downward step may reflect less building of new homes and commercial spaces in some parts of the world, including the US.
World running out of gold & there’s no substitute, experts warn
https://www.rt.com/business/432838-global-gold-shortage-alarm/
It all has to do with price. If price could rise infinitely high, we could extract gold from seawater. In some sense, we have huge gold resources. We are simply seeing a networking economy limit gold production by the same method that it limits oil production: too low price.
It’s not wage rises that are a problem for the economy – it’s the lack of them
https://www.theguardian.com/commentisfree/2018/jul/12/wage-rises-problem-economy–vacant-jobs-unfilled-threatens-economy
Upturn in global debt to pile pressure on emerging markets
Rising rates, strong dollar and low levels of liquidity risk stoking volatility
The amount of debt in the world increased by nearly $25tn in the year to the end of March, piling more pressure on a global financial system already struggling to deal with rising US interest rates, widening spreads for borrowers and a strengthening US dollar.
The Institute of International Finance, an industry association and data gatherer, said total debts owed by households, governments and financial and non-financial corporations amounted to $247.2tn at the end of March, up from $222.6tn a year earlier and an increase of nearly $8tn in the first quarter alone.
Relative to gross domestic product, global debt exceeded 318 per cent in the first quarter, the first such increase since the third quarter of 2016, according to the IIF.
“The increase in the level of debt, both in absolute terms and relative to GDP, against a backdrop of tightening financial conditions, is, of course, a cause for concern,” said Hung Tran, the IIF’s executive managing director.
Such concerns are likely to play out in emerging markets over the coming months. Currencies and bonds in countries such as Argentina, Turkey, Brazil and South Africa have been dropped by investors as tightening conditions expose the vulnerability of countries with high inflation and large current account and budget deficits.
The IIF said the debts of non-financial corporations in EMs rose $1.5tn in the first quarter to $31.5tn, the equivalent of 94.4 per cent of GDP, a higher level than in developed markets where they were equal to 89.4 per cent of GDP.
“The emerging market bond market has grown tremendously over the past decade but trading volumes have not kept pace,” said Sonja Gibbs, senior director at the IIF.
“When you combine a rising rate environment, stronger dollar and low levels of liquidity, you have a recipe for volatility and the exacerbation of any periods of market strain.”
https://www.ft.com/content/63ae0540-844e-11e8-96dd-fa565ec55929
https://imgur.com/a/rQeTcSr
More posts held in moderation …
It won’t be solar panels that give people a better chance post BAU… it will be this, the willingness to use it…
It is NOT possible to defend a farm… attackers will kill you when you venture out to weed or sow or harvest… they will get into your farm at night and raid the crop and kill the animals….
How f789iing difficult is it for DPs to understand this????? You really have to have something seriously wrong upstairs not to get it.
Ko om ba ya…
http://www.thespecialistsltd.com/files/AK47_Full_Stock.jpg
Someone on the reddit collapse page posted a thread the other day titled
“Can we please stop with the – just grow a garden meme”..
Prepping is futile
Myth: Well-prepared individuals, groups, and communities will survive our impending collapse and maintain healthy, fulfilling, and productive lives in its aftermath.
Reality: Those who survive our collapse will be those who can obtain sufficient life sustaining essentials—especially clean water and food—on a continuous basis, both during and after collapse. Those who store large quantities of these essentials and those who attempt to produce food, either individually or in communities, will be easy targets for the vast majority who have neither the foresight to store nor the skills to produce. No matter how remote or secluded your sanctuary, somebody will know about it; and they will come to call when they become desperate; and they will be well armed and devoid of compassion. You can prepare for a last stand, but you cannot prepare for post-collapse survival. Post-collapse Life Will Be Preferable to Our Industrial Lifestyle Paradigm
Myth: Industrialization has brought nothing but misery and degradation to the human race; our quality of life (and spiritual wellbeing) will improve substantially in a post-collapse world.
Reality: The post-collapse lifestyle awaiting the few who survive will, under the best of circumstances, share many attributes with pre-Columbian America. Unfortunately, the realities associated with subsistence level existence bear little semblance to the Hollywood accounts. Those who anxiously await our post-collapse world will be disappointed, assuming they live to experience it. The fact that nobody is opting to jettison the amenities afforded by an industrialized way of life in favor of a hunter-gatherer lifestyle today should be sufficient proof that our future way of life is not something to be anticipated. Industrialism is not inherently “evil” or immoral; it is simply physically impossible going forward.
A long fuse: ‘The Population Bomb’ is still ticking 50 years after its publication
http://www.chicagotribune.com/sns-a-long-fuse-the-population-bomb-is-still-ticking-50-years-after-its-publication-96090-20180710-story.html
The SOS has been answered… Mr Electric has cometh…. he has fixethed the machine that makes the power go…
BAU LIVES… SHE LIVES!!! Come to Fast Eddy BAU…. let’s have a roll in the bed before M Fast comes back from the gym.
Live is over for these fellas…. because grown men kicking a ball around failed to score enough goals….
It does not get more ridiculous….
Well … I guess it could be more ridiculous… you could spend your time growing pumpkins…. believing that the hungry hordes will not steal them from you when the power goes out….. that really is truly ridiculous….
Let’s just call this … childish….
https://www.thesun.co.uk/wp-content/uploads/2018/07/NINTCHDBPICT000419749322.jpg
well, it depends, what you have or have had achieved prior to that point..
the joy of turning crappy plot into jungle overflowing with wild life and abundant food is perhaps for some worthy the necessary hands on approach, and since ~99% of pop lives miserable lifes in comparison anyway (cubicles, commuting in/out, brainwashed kids.., or 2.5-3rd world hell hole existence) it’s a good trade off to be at the grande finale chopped into canib_soup, sometime around ~2021-35.. lolz..
Would you have done that … if you knew that the end of BAU … meant your death.
This DP sh it is just another flavour of hopium … people who engage in this (and I did) are just as f789ing stoooopid as those who buy Teslas and solar panels.
None of this id iocy has any place on FW… other than to be mocked arnd ridiculed… just as we mock and ridicule Enron Musk
BTW – I am one of the few people who have ever lived who has cured himself of stuuuupidity. It’s actually not that difficult
maybe they should go back into the bar and drink their troubles and disappointment away, or at least try to.
Or…. they could go on a rampage… since the UK is collapsing into total despair and the World Cup was their only ray of hope… and now that is gone….
Burn… pillage… destroy?
too much effort. easier to hoist beer mugs. blame it all on Trump.
really, Fast, this is not what I expected from a loyal subject of the Queen such as yourself. I’m sure you’re deep down sharing the heartbreak of the mother country. After all, if Britain was allowed to compete as a full country, it would surely win the cup every year. Or even if England was allowed to play a full team of Englishmen, such as won in 1966, instead of these Johnny-come-lately’s, well, who knows. It’s as if you were send Vancouver to compete as Canada every year in the world Eskimo-throwing championships. It just wouldn’t work.
England/Population
53.01 million
Canada/Population
36.29 million
Vancouver/Population
647,540
This excuse does not hold water….
New Zealand/Population
4.693 million
NZ seems to do quite well on the rugby pitch….
And here come the headlines!!! 50 years of this ‘brave’ sh it…. a better word would be ‘losers’… perennial pathetic losers….
Brave England’s World Cup dream is over after heartbreaking semi-final defeat to Croatia
possibly, but decay drips oh so ever so slowly, it’s my understanding nowadays the average qualified salaried Croat makes just a fraction of never working wellfare bum residing in the UK, so what..
according to Dr. Tim’s model the UK’s prosperity decline ~ <15% in past ~20yrs, which could be a lot, but relatively speaking it's nothing comparatively..
when the financial, law and other paper pushing industry residing in the UK is decimated to 1/5 – 1/10th of its former glory then we are talking, but so far the worm has not turned properly so to speak..
Jan: Yea, if you’re within a hundred kilometres of a major metropolitan area, you may be right.
Your Doom Farm is here right?
https://en.wikipedia.org/wiki/Salt_Spring_Island
Population (2016 Census)
• Total 10,557
Can you feed 10,000+ people? You must be in a seriously delusional state if you think word will not get around that you have food when the grocery stores go empty…. people will be looking at their pantries and thinking … let’s jump into the car and head for Jan’s … before the food runs out
Humans are stooopid … but they are smart enough to figure that out … because Mr DNA will be overriding their stoooopidity
And you are aware that you downwind from hundreds of spent fuel ponds in Japan – because I have made you aware previously.
Titans of Junk:
Behind the Debt Binge That Now Threatens Markets
The central banks that enabled the borrowing will now have to manage a precarious dance: weaning markets off their stimulus without triggering a stampede from one of the most crowded trades in a generation. That could culminate in a full-blown crisis.
https://www.bloomberg.com/graphics/2018-corporate-debt/
This time is different…
In the past if a country got its debt out of line it would be punished by the rest of the countries…
But not now … see Japan…. the rest of the countries ignore the problem… we’ve got massively indebted countries with interest rates on their debt that are lower than that of US Treasuries….
More debt is apparently good … it is rewarded…
This article has the story wrong
Minerals Council says 75% of SA’s gold mines unprofitable
https://www.businesslive.co.za/bd/companies/mining/2018-07-11-minerals-council-says-75-of-sas-gold-mines-unprofitable/
I don’t understand why we mine gold… when we have unlimited amounts of paper gold.
Oh right… so guys with hairy chests and buttons open to their big fat (hairy) bellies… can wear chunky gold necklaces
A girl who grew up in Beverly Hills with a wealthy and famous family is “self-made” according to Forbes..
https://i.redd.it/u987qpexbc911.png
Michael Jackson was ‘chemically castrated’ by his dad, says doctor
MICHAEL Jackson was “chemically castrated” by his father Joe according to the late star’s doctor.
Conrad Murray said Joe, who died from cancer last month, was “cruel” to his children.
“Joe Jackson was one of the worst fathers to his children in history,” Dr Murray told The Blast.
“The cruelty expressed by Michael that he experienced at the hand of his father.
“The fact that he was chemically castrated to maintain his high-pitched voice is beyond words.”
Dr Murray has previously claimed the Jackson family patriarch would give Michael hormone injections to stop his voice from getting deeper.
The doctor said Michael told him he was so scared of his dad he would vomit when he saw him.
https://www.news.com.au/entertainment/celebrity-life/michael-jackson-was-chemically-castrated-by-his-dad-says-doctor/news-story/8fbeb16135cea846c2ce22da569df774
this why Micheal Jackson took drugs so it reduce his suffering
but maybe father use to torture him
so he can produce this thing
https://youtu.be/45Ph_MXIP1o
Never a Jackson fan– I tried, and had house mates who were.
Never liked the shallow end of the pool.
And Earth Song was a rip-off of Nights in White Satin.
maybe this is true because Michael did not produce
this type of music
https://youtu.be/aDaOgu2CQtI
This from a guy who burned through tens of millions buying ‘stuff’
How appropriate that it would be a Green Anthem…. perhaps whoever wrote this meant it as a mockery of the grooopies (who are mini-MJs…)
That would explain why he was never jailed for diddling young boys
Continuing the Jancovici thread here as it did not work posting there..
—
T.Y. says: July 10, 2018 at 4:30 pm
So , just to check that i understood this correctly;
1. manual labor will need to increase again (since there isn’t enough fossil fuel or other energy)
-> reduce taxes on labor.
2. “Add-on” service sector jobs – say particularly ‘managers & information workers – will decrease (since running the machines freed them up for other tasks in the first placed causes EXTRA not less resource consumption) -> over-availability of higher educated people ?
3. Increase tax on carbon / fossil fuels to ensure investments are made to wean critical infrastructure & machinery off the imported energy -> ? seems a bit contradictory with his first statements that green energy does not exist ?
Thanks for feedback
T.Y.> Great digestion of the major points, I read it similarly.
I was particularly perplexed by that graph (or essentially a physics function) around 26min (you summarized in points 1-2) because if there are indeed “the Elders” and or just govs attempting not to hard crash this thing, surely this must be one of THE graphs everything “future” would be just exactly based upon, rearranging the areas (filled) by these three curves. Nevertheless, It’s terrifying to think it through though.
In terms of point (3) yes it’s a bit confusing to me as well. Because it’s obvious single country can’t initiate/front run such action (especially not openly autocratic one), it would be a suicide. So, perhaps it’s meant as suggested policy response for the next round of GFC and or coming large oil/energy shock.
I guess he suggests juggling several balls in the air at the same time. Namely, keep peoplez preoccupied by some realistic daily task duties (e.g. tweaking infrastructure, and repopulating countryside), that’s as he stressed the area of visible political class to be active (like the national assembly hosting this talk event) only painting it in pseudo left and right discussion to placate the masses, not changing anything substantial to the plan.
While implying the “deeper govs” are tasked with continuously pushing (and evaluating) the overall “hidden” fullspectrum agenda of decreasing these “energy slaves” per capita from today’s ~200/300/600x scale towards way much smaller number at the end of “40yrs transition period” he “thinks” it’s achievable given the coal, oil, natgas, .. reserves, which would be subjected to some sort of managed staircase plateau, otherwise it makes no sense, the latter my interpretation.
T.Y.> Great digestion of the major points, I read it similarly.
I was particularly perplexed by that graph (or essentially a physics function) around 26min (you summarized in points 1-2) because if there are indeed “the Elders” and or just govs attempting not to hard crash this thing, surely this must be one of THE graphs everything “future” would be just exactly based upon, rearranging the areas (filled) by these three curves. Nevertheless, It’s terrifying to think it through though.
I got the impression from the heckling that he was not really taken seriously by the politicians.
They way the French are involved in North Africa (Libya, Mali, etc), perhaps they believe there is quite a bit more oil there than they let on. So, it’s BAU until it collapses. No preparing for a future you don’t believe in.
Thanks for posting the video.
As I tried to explain above, and it’s rather apparent from his speech both in style and substance, that the politicians at this level, “mere” staffers and members of parliament (congressperson) are mostly several layers bellow the levers of real power. He basically briefs them on the situation, and expects rubber stamping the deal (on higher orders), no changes “on the plan” etc.
Obviously, we don’t know for 100% sure what’s the real situation in upper halls of power, to what extent OFW is known, planned for etc. But for example it’s beyond certain that during last GFC, world cooperate rather intimately behind the curtain in reaction to it at the highest level be it big powers, tax heavens, China, EVERYBODY of systemic influence..
note(test): what is with this site lately, I can’t post in other threads I’d like to..
TY> In terms of point (3) yes it’s a bit confusing to me as well. Because it’s obvious single country can’t initiate/front run such action (especially not openly autocratic one), it would be a suicide. So, perhaps it’s meant as suggested policy response for the next round of GFC and or coming large oil/energy shock
Continuing the Jancovici thread here as it did not work posting there..
—
T.Y. says: July 10, 2018 at 4:30 pm
So , just to check that i understood this correctly;
1. manual labor will need to increase again (since there isn’t enough fossil fuel or other energy)
-> reduce taxes on labor.
2. “Add-on” service sector jobs – say particularly ‘managers & information workers – will decrease (since running the machines freed them up for other tasks in the first placed causes EXTRA not less resource consumption) -> over-availability of higher educated people ?
3. Increase tax on carbon / fossil fuels to ensure investments are made to wean critical infrastructure & machinery off the imported energy -> ? seems a bit contradictory with his first statements that green energy does not exist ? i
Thanks for feedback
—
T.Y.> Great digestion of the major points, I read it similarly.
I was particularly perplexed by that graph (or essentially a physics function) around 26min (you summarized in points 1-2) because if there are indeed “the Elders” and or just govs attempting not to hard crash this thing, surely this must be one of THE graphs everything “future” would be just exactly based upon, rearranging the areas (filled) by these three curves. Nevertheless, It’s terrifying to think it through though.
In terms of point (3) yes it’s a bit confusing to me as well. Because it’s obvious single country can’t initiate/front run such action (especially not openly autocratic one), it would be a suicide. So, perhaps it’s meant as suggested policy response for the next round of GFC and or coming large oil/energy shock.
I guess he suggests juggling several balls in the air at the same time. Namely, keep peoplez preoccupied by some realistic daily task duties (e.g. tweaking infrastructure, and repopulating countryside), that’s as he stressed the area of visible political class to be active (like the national assembly hosting this talk event) only painting it in pseudo left and right discussion to placate the masses, not changing anything substantial to the plan.
While implying the “deeper govs” are tasked with continuously pushing (and evaluating) the overall “hidden” fullspectrum agenda of decreasing these “energy slaves” per capita from today’s ~200/300/600x scale towards way much smaller number at the end of “40yrs transition period” he “thinks” it’s achievable given the coal, oil, natgas, .. reserves, which would be subjected to some sort of managed staircase plateau, otherwise it makes no sense, the latter my interpretation.
“Donald Trump unleashed his fury on NATO Secretary General Jens Stoltenberg on Wednesday for defending Germany’s energy partnership with Russia and threatened Berlin with U.S. action over the deal that he said is wholly inappropriate.
“Trump fumed that ‘Germany is a captive of Russia’ and said the U.S. would ‘have to do something’ about a gas deal that’s funneling billions into Moscow’s economy.
“‘Germany is totally controlled by Russia,’ he charged. ‘I think its a very bad thing for NATO.’
“Stoltenberg reminded that the U.S. and Europe are ‘stronger together than apart.’ To which Trump replied, ‘No, you’re just making Russia richer.’
“The confrontation left the leaders’ senior advisers, including Trump’s secretaries of defense and state, stunned. A press aide demanded the media leave the room as Trump pushed Stoltenberg to explain how the U.S. is supposed to protect Germany when its opening the front door to Vladimir Putin…”
http://www.dailymail.co.uk/news/article-5941337/Germany-captive-Russia-Trump-dresses-NATOs-secretary-general-Brussels.html
“Trump’s criticism of the gas deal with Russia might also be an aggressive pitch for US business.
“The US is fast becoming one of the world’s leading exporters of Liquefied Natural Gas (LNG) due to its bountiful supply of shale gas.
“Hydraulic fracturing, or ‘fracking’, has transformed oil and gas production in the US, allowing the industry to tap previously inaccessible reserves in shale rock.
“Barack Obama said in 2013: ‘The natural gas boom has led to cleaner power and greater energy independence. We need to encourage that.’
“LNG would be an alternative to the Russian gas and would need to be shipped over.
“But figures within Russia dismissed the threat of LNG production as ‘too expensive’ because of the transportation costs involved.” Yep.
http://www.dailymail.co.uk/news/article-5942109/Donald-Trump-RIGHT-Germany-imports-70-cent-gas-Russia.html
the USA is sleepwalking into dictatorship—and the don sees world domination from his crazy vantage point—not with armies like the last fuhrer, but through economic forces
which effectively becomes a resource grab—which IS what the last fuhrer tried to do
This dictatorship will happen if the USA doesn’t wake up to it, and soon. not only that it will be a theocracy, run by people more evil than AH had under his command. He’s already suurrounded himself with jesusfreaks who are telling him he’s god’s messenger—soon he will believe it—probably does already.
Read Pence’s views if you doubt that.
It affects the rest of the world, and it is a very dangerous situation—not something we can laugh off anymore—Hitler told the people who elected him exactly what he intended to do—The don did the same thing—so let’s not be surprised
the more this man gets away with–the more damage he will cause and the more dangerous he will become—again—just like his mentor did in 1938/9—
A couple of years and congress will be too scared to stop him—then he will take over the military on a personal basis. after that you can kiss the next potus election goodbye—the godbotheres get what they want—a holy empire—trump gets what he wants—a n unlimite d piggy bank to loot—and no one will be able to stop him
Ive written this piece on medium about it—ok–I know its behind a paywall- (5$ fer chriisakes)–but medium now lets me give a link to anyone who wants to read it as a freebie
https://medium.com/@End_of_More/the-theocracy-of-the-dis-united-states-of-america-c7da7077a06
the time for laughing at trump is over i think–it’s time for serious warnings
and medium give you 3 free views anyway
Thanks for addressing this, Norman.
My feelings exactly.
+++++++++++++++++++++++++++++++++
Seems to me an elected official is doing mostly what he said he was going to do by authority of his electorate. I think you’re missing the fact that fascism was a left-wing ideology. I believe you mean “natoinalist” which really has nothing to do with fascism.
I’m with you on almost everything, but this is a stretch. I’m not a Christian but I think you’re letting the godbotherers…errr…bother you too much.
You are right on the money that in the face of doom people will turn to a strong but deluded leader. What else could they do? Loot, rape and pillage? Not everyone is cut out for that.
Facism is typically rule by a strong man who is supported by the military, the church, and the wealthy.
How is that leftwing?
perhaps i should have said ‘extremist’
stalin/lenin supposedly ran a communist regime, but they were just as brutal as hitler
doesnt matter what its called, if a regime is endowed with sufficient surplus energy, they will use it to grab more from someone else. Trump wants to divert global energy resources to boost American wealth–it really is that simple
So he threatens colombia into buying American baby food—when its bad for the baby—he now threatens germany over buying Russian gas. He puts Canada of all places on his ‘security list”
He threatens all nations who need reproductive healthcare if they offer abortion advice—what happens when the jesusfreaks tell him contraception is against the will of god? Or he decides UK is on his hitlist because Sadiq Khan has insulted him?
British Empire—European Empires, Japanese empires, Romans/Italians Turks—you name it all follwed the same pattern one way or another—domination of weaker peoples
WW1 started because one man got shot—the Austro-Hungarian empire was gravely insulted so 25 million got shot
You see the pattern?
the proof of it lies with the inuit….they never invaded south because they didnt have sufficient surplus energy to do so—
Trump doesnt know it, but hes burning through the last of his energy resources. When thats gone, he or his successor–if there is one—will turn on the American people themselves.
Sungr, that’s not a very accurate definition. The term has been coopted into a growl word which simply is used to mean “bad!” I suggest you read the Fascist Party Manifesto and decide for yourself. http://www.wnd.com/2004/06/25291/
You’re conflating a couple ideas from totalitarianism/dictators/etc.
@Norman. If our governments don’t negotiate on our behalf the default option is that international corporations will decide what happens.
Your general conclusion I am fully behind. Strong nations will try to solve their problems through domination, given that the alternative is to surrender to weaker nations which will do the same given the opportunity.
As we have seen… when things get tough … people have often embraced the strong man (see Hitler)
Maybe the US people need a dictatorship.. a strong man … who can Make America Great Again….
Maybe that is what the el ders are going to put forward next…. and I am banking on the American people lov’in it…. even Antfia will be wanting someone to fix things … when the economy tanks…