There is more to the fossil fuel energy predicament than we usually hear about.
Strangely enough, a big part of the confusion regarding the nature of our energy problem comes from the fact that virtually everyone wants to hear good news, even when the news isn’t very good. We end up seeing information in the Mainstream Media mostly from the perspective of what people want to hear, rather than from the perspective of what the story really is. In this post, I explain why this situation tends to occur. I also explain why our current energy situation is starting to look more and more like an energy shortage situation that could lead to economic collapse.
This post is a write-up of a presentation I gave recently. A PDF of my talk can be found at this link. An mp4 video of my talk can be found at this link: Gail Tverberg’s Nov. 9 presentation–Our Fossil Fuel Energy Predicament.
Most people attending my talk reported that they had mostly heard about the issue on the right end of Slide 2: the problem of using too much fossil fuel and related climate change.
I think the real issue is the one shown on the left side of Slide 2. This is a physics issue. Without fossil fuels, we would find it necessary to go back to using older renewables, such as oxen or horses for plowing, burned wood and other biomass for heat, and wind-powered sail boats for international transport.
Needless to say, these older renewables are only available in tiny quantities today, if they are available at all. They wouldn’t provide many jobs other than those depending on manual labor, such as subsistence agriculture. Nuclear and modern renewables would not be available because they depend on fossil fuels for their production, maintenance and long distance transmission lines.
On Slide 4, note that M. King Hubbert was a physicist. This seems to be the academic specialty that finds holes in other people’s wishful thinking.
Another thing to note is Hubbert’s willingness to speculate about the future of nuclear energy. He seemed to believe that nuclear energy could take over, when other energy fails. Needless to say, this hasn’t happened. Today, nuclear energy comprises only 4% of the world’s total energy supply.
The transcript of the entire talk by Rear Admiral Hyman Rickover is worth reading. I have excerpted a few sentences from his talk. His talk took place only a year after Hubbert published his research.
Rickover clearly understood the important role that fossil fuels played in the economy. At that early date, it looked as if fossil fuels would become too expensive to extract between 2000 and 2050. A doubling of unit costs for energy may not sound like much, but it is, if a person thinks about how much poor people in poor countries spend on food and other energy products. If the price of these goods rises from 25% of their income to 50% of their income, there is not enough left over for other goods and services.
Regarding Slide 6, the book The Limits to Growth by Donella Meadows and others provided early computer modeling of how population growth and extraction of resources might play out. The base model seemed to indicate that economic decline would start about now. Various other scenarios were considered, including a doubling of the resources. Without very unrealistic assumptions, the economy always headed downward before 2100.
Another way of approaching the problem is to analyze historical civilizations that have collapsed. Peter Turchin and Sergey Nefedov analyzed eight economies that collapsed in their book Secular Cycles. There have been many examples of economies encountering a new source of energy (conquering a new land, or developing a new way of producing more energy), growing for a time, reaching a time where growth is more limited, and finally discovering that the economy that had been built up could no longer be supported by the resources available. Both population and production of goods and services tended to crash.
We can think of the current economy, based on the use of fossil fuels, as likely following a similar path. Coal began to be used in quantity about 200 years ago, in 1820. The economy grew, as oil and natural gas production was added. We seem to have hit a period of “Stagflation,” about 1970, which is 50 years ago. The timing might be right to enter the “Crisis” period, about now.
We don’t know how long such a Crisis Period might last this time. Early economies were very different from today’s economy. They didn’t depend on electricity, international trade or international finance in the same way that today’s world economy does. It is possible (in fact, fairly likely) that the downslope might occur more rapidly this time.
Past Crisis Periods seem to feature a high level of conflict because rising population leads to a situation where there are no longer enough goods and services to go around. According to Turchin and Nefedov, some features of the Crisis Periods included increased wage disparity, collapsing or overturned governments, debt defaults, inadequate tax revenue and epidemics. Economists tell us that there is a physics reason for the rich to get richer and the poor to get poorer during Crisis Periods; in some sense, the poor get “frozen out” and the wealth rises to the top, like steam.
Slide 9 is a chart I prepared several years ago, showing the growth in the world production of fuels of various types. What little wind and solar was available at that time was included in the biofuels section at the bottom. Early biofuels consisted largely of wood and charcoal used for heat.
Slide 10 shows average annual increases for 10-year periods corresponding to the periods shown on Slide 9. This chart goes to 2020, so it covers a full 200-year period. Note that the increases in energy consumption shown are especially high in the 1951-1960 and 1961-1970 periods. These periods occurred after World War II when the economy was growing especially rapidly.
Slide 11 is similar to Slide 10, except I divide the bars into two pieces. The bottom, blue part corresponds to the amount that population grew, on average, during this ten-year period. Whatever is left over I have referred to as the amount available to increase the standard of living, shown in red. A person can see that when the overall growth in energy consumption is high, population tends to rise rapidly. With more energy, it is possible to feed and clothe larger families.
Slide 12 is like Slide 11, except that it is an area chart. I have also added some notes regarding what went wrong when energy consumption growth was low or negative. An early dip occurred at the time of the US Civil War. There was a very long, low period later that corresponded to the period of World War I, World War II and the Depression. The collapse of the central government of the Soviet Union occurred in 1991, so it is part of the 10-year period ended 2000. Most recently, we have encountered COVID shutdowns.
The peaks, on the other hand, tended to be good times. The period leading up to 1910 corresponded to the time of early electrification. The period after World War II was a period of growth and rebuilding. Most recently, China and its large coal resources helped pull the world economy forward. China’s coal supply stopped growing about 2013. I have written that we can no longer depend on China’s economy to pull the world economy forward. With recent rolling blackouts in China (mentioned in the next section), this is becoming more evident.
Without enough energy, the current period is beginning to look more and more like the period that included World War I and II and the Great Depression. Strange outcomes can occur when there basically are not enough resources to go around.
Slide 14 shows recent energy production. A person can see from this slide that wind and solar aren’t really ramping up very much. A major problem is caused by the fact that wind and solar are given the subsidy of “going first” and prices paid to other electricity producers are adjusted downward, to reflect the fact that their electricity is no longer needed by the grid. This approach tends to drive nuclear out of business because wholesale electricity rates tend to fall to very low levels, or become negative, when unneeded wind and solar are added. Nuclear power plants cannot easily shut down. Instead, the low prices tend to drive the nuclear power plants out of business. This is sad, because electricity from nuclear is far more stable, and thus more helpful to the grid, than electricity from wind or solar.
Fossil fuel producers need quite high energy prices for a variety of reasons. One of these reasons is simply because the easiest-to-extract resources were removed first. In recent years, producers have needed to move on to resources with a higher cost of extraction, thus raising their required selling prices. Wages of ordinary citizens haven’t kept up, making it hard for selling prices to rise sufficiently to cover the new higher costs.
Another issue is that fossil fuel energy prices need to cover far more than the cost of drilling the current well. Producers need to start to develop new areas to drill, years in advance of actually getting production from those sites. They need extra funds to work on these new sites.
Also, oil companies, especially, have historically paid high taxes. Besides regular income taxes, oil companies pay state taxes and royalty taxes. These taxes are a way of passing the “surplus energy” that is produced back to the rest of the economy, in the form of taxes. This is exactly the opposite of wind and solar that need subsidies of many kinds, especially the subsidy of “going first,” that drives other electricity providers out of business.
Prices for oil, coal and natural gas have been far lower than producers need, for a long time. The COVID shutdowns in 2020 made the problem worse. Now, with producers quitting at the same time the economy is trying to reopen, it is not surprising that some prices are spiking.
Most local US papers don’t tell much about world energy prices, but these are increasingly becoming a big problem. Natural gas is expensive to ship and store, so prices vary greatly around the world. US natural gas prices have roughly doubled from a year ago, but this is a far lower increase than many other parts of the world are experiencing. In fact, the bills that most US natural gas residential customers will receive will increase by far less than 100% because at the historic low price, over half of the price for residential service is distribution expenses, and such expenses don’t change very much.
Slide 17 shows another way of looking at data that is similar to that in Slide 14. This slide shows amounts on a per capita basis, with groupings I have chosen. I think of coal and oil as being pretty much the only energy resources that can “stand on their own.” The recent peak year for combined coal and oil, on a per capita basis, was 2008.
Natural gas, nuclear, and hydroelectric were the first add-ons. If a person looks closely, it can be seen that the growth rate of this group has slowed, at least in part because of the pricing problems caused by wind and solar.
The “green” sources at the bottom are growing, but from a very low base. The main reason for their growth is the subsidies they receive. If fossil fuels falter in any major way, it will adversely affect the growth of wind and solar. Already, there are articles about supply chain problems for the big wind turbines. Any cutback in subsidies is also harmful to their production.
US papers don’t tell us much about these problems, but they are getting to be very serious problems in other parts of the world. The countries with the biggest problems are the ones trying to import natural gas or coal. If an exporting country finds its own production falling short, it is likely to make certain that its own citizens are adequately supplied first, before providing exports to others. Thus, importing countries may find very high prices, or supplies simply not available.
This slide got a lot of laughs. The university does have some sort of agricultural plot, but teaching subsistence farming is not its goal.
My point about “scientists who are not pressured by the need for research grants or acceptance of written papers are the ones trying to tell the whole truth” got quite a few laughs. As a practical matter, this means that retired scientists tend to be disproportionately involved in trying to discern the truth.
With the military understanding the need to work around energy limits, one change has been to move away from preparation for “hot wars” to more interest in biological weapons, such as viruses. Thus, governments of many countries, including the United States, Canada, France, Italy, Australia and China, have funded research on making viruses more virulent. The vaccine-making industry also supported this effort because it might enhance the industry’s ability to make and sell more vaccines. It was believed that there might even be new techniques that would develop from this new technology that would increase the overall revenue generated by the healthcare industry.
Questions came up, both during the talk and later, about what other changes have taken place because of the need for much of the audience to hear a story with a happily ever after ending, and because of the known likely decline of the economy for physics reasons. Clearly one thing that happens is successful entrepreneurs, such as Elon Musk, aim their production in areas where subsidies will be available. With fossil fuel production not making money, fossil fuel producers are even willing to undertake renewable projects if subsidies seem to be high enough. The issue isn’t really, “What is sustainable?” It is much more, “Where will the profits be, given where subsidies will be, and what people are being taught about how to perceive today’s problems?”
In fact, what has been happening in recent years is that a great deal of debt has been added to the world economy. Mostly, this added debt seems to be creating added inflation. It definitely is not leading to the rapid extraction of a great deal more fossil fuels, which is what really would allow the production of more goods and services. If inflation leads to higher interest rates, this, by itself, could destabilize the financial system.
I tried to explain, as I have in the past, how a self-organizing economy works. New citizens are born, and old ones pass away. New businesses are formed, and they add new products, keeping in mind what products citizens want and can afford. Governments add laws and taxes, as situations change. Energy is needed at every step in production, so availability of inexpensive energy is important in the operation of the economy, as well. There are equivalences, such as employees tend also to be customers. If the wages of employees are high, they can afford to buy many goods and services; if wages are low, employees will be very restricted in what they can afford.
In some sense, the economy is hollow inside, because the economy will stop manufacturing unneeded products. If an economy starts making cars, for example, it will phase out products associated with transportation using horse and buggy.
A self-organizing economy clearly does not operate in the simple way economists seem to model the economy. Low prices can be just as big a problem as high prices, for example.
Another issue is that the energy needs of an economy seem to depend on its population and how far it has already been built up. For example, roads, bridges, water distribution pipelines and electricity transmission infrastructure must all be maintained, even if the population falls. We know humans need something like 2000 calories a day of food. Economies seem to have a similar constant need for energy, based on both the number of people in the economy and the amount of infrastructure that has been built up. There is no way to cut back very much, without the economy collapsing.
I am not exactly certain when the first discussion of the economy as a dissipative structure (self-organizing system powered by energy) started. When I prepared this slide, I was thinking that perhaps it was in 1996, when Yoshinori Shizoawa wrote a paper called Economy as a Dissipative Structure. However, when I did a search today, I encountered an earlier paper by Robert Ayres, written in 1988, also discussing the economy as a dissipative structure. So, the idea has been around for a very long time. But getting ideas from one part of academia to other parts of academia seems to be a very slow process.
Debt cannot grow indefinitely, either, because there needs to be a way for it to be paid back in a way that produces real goods and services. Without adequate energy supplies, it becomes impossible to produce the goods and services that consumers need.
Attendees asked about earlier posts that might be helpful in understanding our current predicament. This is the list I provided:
Humans Left Sustainability Behind as Hunter Gatherers – Dec. 2, 2020
How the World’s Energy Problem Has Been Hidden – June 21, 2021
Energy Is the Economy; Shrinkage in Energy Supply Leads to Conflict – Nov. 9, 2020
Why a Great Reset Based on Green Energy Isn’t Possible – July 17, 2020
The “Wind and Solar Will Save Us” Delusion – Jan. 30, 2017
https://twitter.com/i/status/1463300316351315968
Police arrest two moms opposing mask mandates at Georgia school board meeting
https://www.lifesitenews.com/news/police-arrest-two-moms-opposing-mask-mandates-at-georgia-school-board-meeting/
Let’s have this super covid … let it feast on human flesh!
‘Troia” is a slang word for slut or whore, but a “cavallo di Troia” is a Trojan Horse. HTH.
The article is suspicious of banksters’ motives in making energy threats, but doesn’t really conclude anything. The assumption is that “renewable” schemes are merely a trick (which they are, but not only).
What did jump out at me is the claim that interest rates are being kept “artificially low”. It’s simply not possible to have positive interest rates in a world of energy de-growth, so this person doesn’t really get what is going on, that I can tell.
Not sure why this didn’t post below Student’s comment with the byoblu article.
Yes, Lidia17 you are probably right.
In my view it was only interesting to see that an Italian website of news was talking about the subject which is very rare in Italy.
Talking about the bad Italian meaning for ‘Troia’ and only just for the news (maybe you already know about), in Italy we think that its etimology comes from ‘porcus troianus’ which is an ancient roman dish made of female pork stuffed with various ingredients or in alternative comes from the character of ‘Elena of Troy’ who betrayed her population and married a stranger.
Both are unfair etyomology of course, but it is typical with bad words.
I think that the article was only referring to the ‘horse of troy’ which distroyed the city Troy with a trick.
But this only for the news and to talk about discoursive subjects.
Have a nice day
Oh, that’s hilarious! You see, Wonder Girl (relative of Wonder Woman, also called Donna Troy) got renamed “Troia” in the comics.
I agree. Profits are very low or negative; interest rates must match in the current environment. It is hard to make this combination really work, however. The debt bubble has to pop at some point.
hahahaha… funny that (as NZ is promising to reopen in Q1)
Worst possible timing
The emergence of the potentially dangerous new variant comes just as large parts of the world begin to reopen borders to international travellers after the Covid vaccination rollout.
It also comes just as Europe is being battered by a devastating fourth wave as it approaches the winter months, with the World Health Organisation (WHO) warning this week the continent remained “in the firm grip” of the pandemic.
In a horrifying prediction, the WHO claimed Europe’s Covid death toll could hit 2.2 million this winter, with an extra 700,000 fatalities expected by March 1 on top of the 1.5 million deaths already recorded so far.
For those that missed it… will be correct.
48:40 mark https://thehighwire.com/videos/episode-242-the-vanden-bossche-interview/
Strain could be ‘worse than Delta’
In his initial notes, Peacock stated that the fact the strain had spread to Asia “implies this might be more widespread than sequences alone would imply”, and that “the extremely long branch length and incredibly high amount of spike mutations suggest this could be of real concern”.
He also predicted the strain could “escape from most known monoclonal antibodies”, indicating it could potentially cause fresh outbreaks across the globe by dodging the body’s defences.
In a string of tweets, Peacock doubled down on his warning, insisting the variant “very, very much should be monitored due to that horrific spike profile”, and said he expected it “would be worse antigenically than nearly anything else about” – including the lethal Delta variant which has wreaked havoc across the world.
Those 32 spike mutations have virologists on high alert, as it means it could be harder for existing Covid vaccinations to combat the new strain.
The B.1.1529 variant – which is expected to be dubbed the Nu strain – was first detected in Botswana, southern Africa, on November 11.
Three days later it had spread to South Africa, before jumping to Hong Kong after a 36-year-old man who had recently visited South Africa tested positive in quarantine upon his return on November 13.
The fact that it is summer in South Africa and the virus is spreading is a cause for worry. The top time for spreading should be fall/winter.
With the kids vaccination campaign, based on a “study” of only seven hundred boys and seven hundred girls, millions of kids are now “vaccinated”. Clueless parents scared by CNN propaganda are rushing to vaccinate their kids, thinking it is “safe and effective.
Just in time, this article Autoantibody Release in Children after Corona Virus mRNA Vaccination, came out. It was sent to me by our astute contributor Claus L.
It turns out that 40 days after vaccination, children are developing “Multisystem Inflammatory Syndrome”, leading to numerous adverse consequences throughout their bodies, such as pericardial effusion, thyroiditis, pneumonia etc.
You see norm… this is the danger with trusting the MSM…. you can end up sentencing your children to death
There’s a nauseating government propaganda ad here; ‘How we got consent’, about a state school and how they got ’em vaxxed, all consensually of course.
Thick headmistress smiling about her success, even thicker parents saying they feel safer and did it ‘to protect granny’.
I wonder how it’s going in private schools – probably just as dim and conformist. I’ll check on my old school, no doubt they will be boasting about vaxx levels. Pay huge fees and get your kid poisoned……
Those who can’t do anything else… teach.
I had a gig doing some supply teaching back in the day… and I mostly agree with that…. about half of them can’t even teach though or are just in it for the time off….
The worst ones are the primary school teachers… they remain in a child-like state for their entire lives … because they spend too much time with children.
The WHO says it’s time to discuss mandatory Covid vaccinations
I say it’s time to discuss mostly peaceful protests
https://alexberenson.substack.com/p/the-who-says-its-time-to-discuss
Best to be a little careful… this might be construed as incitement to open fire.. burn stuff.. bust transformers and stuff.
We are living under totalitarian states… consider that if a person in Hong Kong posted something like this on the web… they would immediately be arrested.
We are … here:
https://i2.wp.com/media.globalnews.ca/videostatic/news/rnvox4rbos-kiqgbypi5q/MON_CHOW_SITE_THUMB100820.jpg
Vaccine gives kids Multisystem Inflammatory Syndrome
But it is “safe and effective” based on no data
https://igorchudov.substack.com/p/vaccine-gives-kids-multisystem-inflammatory
This is a direct link to the academic study:
https://www.mdpi.com/2076-393X/9/11/1353
https://twitter.com/i/status/1430589141344034816
Idaho doctor reports a ‘20 times increase’ of cancer in vaccinated patients
A doctor has found an increase in cancers since the COVID-19 inoculation rollout.
On March 18, Dr. Ryan Cole, a board-certified pathologist and owner and operator of a diagnostics lab, reported to the public in a video produced by Idaho state government’s “Capitol Clarity” project, that he is seeing a massive ‘uptick’ in various autoimmune diseases and cancers in patients who have been vaccinated.
https://www.lifesitenews.com/news/idaho-doctor-reports-a-20-times-increase-of-cancer-in-vaccinated-patients/
According to the article,
Twitter disabled me. Please ask all your friends to follow me on Substack and gab
Anyone who challenges the narrative that the vaccines are safe and effective will have their Twitter account suspended sooner or later. They removed everything with no notice and no chance of appeal.
My final post was warning people about prion disease caused by the vaccines
I was warning people about prion disease that is clearly being caused by the vaccine. I checked this in VAERS myself before doing the post. It’s worse than Jessica wrote. There is no debate about that. Zero. My post was labeled misleading. There is no possible way the post was misleading.
https://stevekirsch.substack.com/p/twitter-disabled-me-please-ask-all
looking for signs of accelerating economic decline?
this perhaps is the next phase of the downward arc:
https://consciousnessofsheep.co.uk/2021/11/24/in-brief-depression-overload-mitigation-2-more-safety-traded-for-peace-of-mind-nationalisation-in-all-but-name/
the 4th article down “A reluctant nationalisation”
“When, however, Bulb Energy collapsed, leaving some 1.7 million customers without a supplier, it proved impossible for the regulator to dump the stranded customers onto the remaining suppliers.”
“Bulb will become the first energy company to be placed into “special administration”, where it is run by the government through the regulator Ofgem.”
so Bulb has gone insolvent, due to spiking energy costs, and a person might think that other UK energy companies would WANT their 1.7 million customers, but no one does, because each customer is a money loser, since UK regulations don’t permit these companies to raise their prices to the end users this year.
so in steps the government. wooo wooo.
nationalising this company to keep essentials flowing to citizens.
gov will take the losses, which is possible for now.
corporate profitability is becoming much more difficult, and govs may have to be increasingly stepping in to prop up essential sectors.
this is part of the End Game, though not the final stage.
Good point, thank you! This is further evidence that businesses in the energy sector are money losers. Without being propped up, they cannot succeed.
Covid-19 Response Minister Chris Hipkins has today revealed New Zealand would revert to the alert level system if a new vaccine-resistant variant overwhelmed the country and the traffic light framework couldn’t contain it.
https://www.odt.co.nz/news/national/alert-levels-plan-b-if-new-variant-hits-hipkins
Hahahhahahaha… really? Like I was saying … when Auckland opens and the Diseased go on vacation … all hell will break lose…
And they are ready for it! They expect it. They want it.
Meanwhile the Covidiots are booking holidays — finally!!!
hahahaaha
And just like that…
Covid 19 Delta outbreak: Doctors warn of new virus strain found in Botswana with ‘incredibly high’ number of mutations
Concerned scientists have raised the alarm over a new Covid-19 variant with an “extremely high number” of mutations which could cause fresh chaos.
Fears are growing after a brand new Covid-19 strain which “could be of real concern” was detected by scientists.
The new variant was first picked up by Imperial College London virologist Dr Tom Peacock, who shared details on a genome-sharing website.
In a chilling warning, Peacock stated that the “incredibly high amount of spike mutations suggest this could be of real concern”, with cases so far found in three countries.
https://www.nzherald.co.nz/world/covid-19-delta-outbreak-doctors-warn-of-new-virus-strain-found-in-botswana-with-incredibly-high-number-of-mutations/NZKREKR5H7N7AZQKQ3KYR2D2RE/
And then Israel is testing out Defcon 10… in anticipation of Nightmare Covid….
Then we have Bossche insisting that the ramming leaky vaccines including multiple boosters into a pandemic will end in catastrophe.
It’s coming people … you have to be blind deaf and dumb (or mike norm dunc)… not to see where this is headed.
They are TELLING us what’s in store for us…. because they are in the process of developing mutant strains.
Here is Trudeau stating this https://www.bitchute.com/video/uLStFKAw8Okm/
I hope ivermectin still works.
Nobody talks about variants any more but they must still be mutating in the four billion petri dishes. Any one have a reference to current paper on world wide variant catalogue?
Quite fascinating to understand that there is a time bomb ticking away while the CovIDIOTS joyfully attend their Justin Bieber concerts and football matches… They are the time bombs.
Ask and you shall receive:
“SUPER STRAIN New Covid variant with 32 ‘horrific’ mutations detected in Africa amid fears it could escape vaccines”
https://www.thesun.ie/health/7964739/new-covid-variant-32-mutations-vaccines/
That story is now flooding the MSM…
We are being prepped…
They warned us when they adopted the Greek alphabet for their scamdemic. We still have plenty of letters to get through.
One person in US killed seven with a car. Good thing no one owns a car in Australia or New Zealand.
When do we see data on lowered birth rates due to vax sterilization? I read China is at the lowest birth rate since 1978. People just do not want kids or people can not conceive?
People cannot afford children with the high cost of condominium apartments. In some cities, the price of a condominium apartment is 43 times annual earnings.
According to Caixin, the birth rate in China stood at 8.52 per 1,000 people in 2020, which is a down from 10.41 in 2019
Some thing either spooked the Chinese or something stopped the Chinese.
If that isn’t a signal of Peak Davos, I don’t know what would be.
https://www.zerohedge.com/geopolitical/luongo-have-we-finally-reached-peak-davos
I know… (added GVB’s defining interview):
COMPASSIONATE EXTINCTION PLAN (CEP)
1. Every country on the planet is on board with the Injections. Even Sweden. When have all countries aligned on any issue? Never.
2. Not a single MSM outlet is interviewing any of the expert dissenters – Yeadon, Bridle, Montagnier, Bossche etc… and the mainstream social media platforms are blocking them.
Why?
Conventional Oil peaked in 2005 http://www.euanmearns.com/wp-content/uploads/2015/06/C-Cdec141.png
Shale in 2018.
According to Rystad, the current resource replacement ratio for conventional resources is only 16 percent. Only 1 barrel out of every 6 consumed is being replaced with new resources
https://oilprice.com/Energy/Energy-General/The-Biggest-Oil-Gas-Discoveries-Of-2019.html
Shale binge has spoiled US reserves, top investor warns Financial Times. https://energyskeptic.com/2021/the-end-of-fracked-shale-oil/
Shale boss says US has passed peak oil | Financial Times https://www.ft.com/content/320d09cb-8f51-4103-87d7-0dd164e1fd25
THE PERFECT STORM : The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel https://ftalphaville-cdn.ft.com/wp-content/uploads/2013/01/Perfect-Storm-LR.pdf
Our fossil fuel energy predicament, including why the correct story is rarely told https://ourfiniteworld.com/2021/11/10/our-fossil-fuel-energy-predicament-including-why-the-correct-story-is-rarely-told/
“The global economy was facing the worst collapse since the second world war as coronavirus began to strike in March, well before the height of the crisis, according to the latest Brookings-FT tracking index. “The index comes as the IMF prepares to hold virtual spring meetings this week, when it will release forecasts showing the deepest contraction for the global economy since the 1930s great depression. https://www.ft.com/content/9ac5eb8e-4167-4a54-9b39-dab48c29ac6c
Collapse Imminent: https://thephilosophicalsalon.com/a-self-fulfilling-prophecy-systemic-collapse-and-pandemic-simulation/
The Illusion of Stability, the Inevitability of Collapse http://charleshughsmith.blogspot.com/2021/09/the-illusion-of-stability-inevitability.html
Fed is sharply increasing the amount of help it is providing to the financial system https://www.cnbc.com/2019/10/23/fed-repo-overnight-operations-level-to-increase-to-120-billion.html Banks did not trust each other – similar situation when Lehman collapsed
Oil Gluts – do NOT indicate we have found more oil. We just pumped what’s left too fast.
Summary In 2019 a second Perfect Storm was approaching – the central banks had been doing ‘whatever it takes’ for over a decade…. Essentially nothing was off the table — throw the kitchen sink at pushing GFC2.0 into the future. In 2019 the guns were blazing but the beast was no longer held at bay…
What do you do when you are burning far more oil than you discover — and your efforts to offset the impact of expensive to produce oil push you to the edge of the cliff? You can accept your fate and allow the beast to shove you into the abyss…. Or you can take the ‘nuclear option’ and shut down as much of the economy as possible, preserve remaining oil and pump in trillions of dollars of life support to keep the system feebly alive.
Punchline: The problem global leaders face is that if you unleash the nuclear option without some sort of cover, the sheeple and the markets would be thrown into a panic and you risk blowing things up prematurely. So you need a reason for putting the global economy on ice — one that does not spook the masses – one that is big enough to justify such epic amounts of stimulus and extreme policies — and one that allows you to explain ‘this is just temporary – once this is gone — we will get back to normal’
A pandemic is the perfect cover.
End Game – Covid was foisted on us as cover for the response to peak oil (if we don’t slow the burn oil prices go through the roof and we collapse) but it is also being used to convince billions to be Injected. The Injection is meant to cause extremely deadly variants similar to Marek’s this .. only worse because we are deploying into a pandemic https://www.pbs.org/newshour/science/tthis-chicken-vaccine-makes-virus-dangerous.
“Mass infection prevention and mass vaccination with leaky Covid-19 vaccines in the midst of the pandemic can only breed highly infectious variants.” https://thehighwire.com/videos/episode-242-the-vanden-bossche-interview/
French virologist and Nobel Prize winner Luc Montagnier called mass vaccination against the coronavirus during the pandemic “unthinkable” and a historical blunder that is “creating the variants” and leading to deaths from the disease.
The Vaccines and Boosters will Result in a Catastrophic Outcome – From a scientific viewpoint it is, therefore, difficult to understand how booster immunizations using vaccines which are not evolution-proof could prevent a highly mutable virus from escaping neutralizing anti-S Abs while driving the pandemic in a catastrophic direction, both in Israel and worldwide. How can the WHO stand by and watch as this additional experiment unfolds, soon to be followed by other countries? https://www.geertvandenbossche.org/post/what-happens-if-israel-fails-the-stress-test
The reason for this is that 8B people need cheap oil to live. They would starve without it. And 8B people without food would result in epic starvation, violence, rape and cannibalism. Industrial civilization ends soon after peak oil. Unfortunately we also have 4000 spent fuel ponds that will boil off and release toxic substances for centuries. These facilities cannot be controlled with computers and energy. So even the few remaining hunters and gatherer tribes will die as they consume these toxins in the food, air and water.
The PTB understand all of this and that is WHY every leader is on board with the Injections. There is NO way out of this — so they have decided to mitigate the suffering as much as possible by putting us down and here is the mechanism https://www.geertvandenbossche.org/post/why-the-ongoing-mass-vaccination-experiment-drives-a-rapid-evolutionary-response-of-sars-cov-2.
These mandates are coming because of the massive uptick in COVID-9/11 cases in all of these places where the experimental mRNA gene therapies were deployed en masse. Where the jab is job one, the infection rates are growing exponentially.
https://www.zerohedge.com/geopolitical/luongo-have-we-finally-reached-peak-davos
Just received an email from Air NZ telling us that in Feb the country reopens — REJOICE!!! Finally!!!
Hahaha… the stooopid f789ing sheep farmers will indeed be falling over themselves to book a holiday … get ready for a big fat f789ing surprise….
What I find interesting is how almost nobody is aware of what is happening outside of their country’s borders… I had an email from a mate in Canada asking what the situation is in NZ….
When I mention Denmark, Germany, Israel, etc… with respect to what we can expect here since we vaxxed much later… most are clueless…
I guess they’ve never heard of the internet… or are too busy gaming and jacking off to p or n to bother having a look around
lawsuit, Ms Toombes claims that her mother would have put off having a baby had Dr Mitchell told her she needed to take folic acid supplements to minimise the risk of spina bifida affecting her baby.
The 20-year-old said that as a result, she never would have been born at all.
Her barrister, Susan Rodway QC, told the judge that she was suing for “having been born in a damaged state” and that she wanted millions in damages to cover the increased cost of living a disabled life.
Dr Mitchell, who was working at the Hawthorn Medical Practice in Skegness at the time, “comprehensively denies” liability and claims he gave Mrs Toombes “reasonable advice”.
Medics routinely advise prospective mothers of the benefits of taking folic acid supplements before conceiving and throughout the first 12 weeks of their pregnancy to ward off the risk of spina bifida
https://www.yahoo.com/news/showjumper-spina-bifida-sues-gp-184153104.html
Seems others have a different challenge facing in their own lives.
Be thankful for yours
AUSTRALIAN MILITARY BEGIN FORCE VACCINATING ABORIGINALS
(For their own good, you understand!)
This Aboriginal guy is reporting from North Australia. he is calm but angry, and blaming the Rothschilds and their agents and accusing them of genocide. If he keeps ranting on like this, they will take his smartphone away.
https://www.bitchute.com/video/Qf4vIyyAOvtc/
What are the first people sitting on top of? Coal, Iron ore, Uranium ore, natural gas, oil, …???
hint hint the dictator does not care about protecting a hand full of first nation people from a 1 in 1000 chance of dying of covid. The communities described have about 150 members each so a chance of about 1 in 10 that one member might die. Most liely an old fat sick one. So relocate them by military force to camps far away. How many times have we seen the land grab story?
I do not even have to take a CRT course to see this one. Oh that is right my people used to own all of Connecticut and now me do not.
And another one. Brother of the famous former Spice Girl. That’s more like it.
“Geri Halliwell’s brother Max dies suddenly aged 54
Singer’s sibling is believed to have collapsed in his home”
https://www.independent.co.uk/arts-entertainment/music/news/geri-halliwell-brother-death-max-b1963317.html
Good
British musician, 40, died after suffering a ‘catastrophic’ brain haemorrhage ‘induced by his first dose of the AstraZeneca Covid vaccine’, inquest hears.
Nobody I’d heard of.
https://www.dailymail.co.uk/news/article-10233341/Musician-40-suffered-brain-haemorrhage-induced-AstraZeneca-Covid-vaccine-inquest-hears.html
This was actually reported in something close to Mainstream Media?
And norm dunc mike will read that … and book appointments for Injection Four… cuz CNN told them to hahahahaha
Not even smart enough to be frightened
Hehe… good
There are three sovereign nations in the world China, Russia, and U.S.. All three support the vax. This is unlike previous world wars where there was an armed nation on the other side.
Time to start a 30 year organizing effort.
In thirty years I won’t be here. I’d rather something be done sooner.
Latest devastating news on the vaccine
If you weren’t already convinced, you double your risk of cardiac incidents and the rate of stillborn babies is up by 29 times (but only if you are vaccinated). Does anyone in authority care?
https://stevekirsch.substack.com/p/latest-devastating-news-on-the-vaccine
If you have time, please read through the comments. They are just as insightful as the content. The comments are from people (which I believe are real people) who have anecdotes to share. From how they write the comments, I think I may have the capability to detect which are bots (thanks to Mike).
My opinion – this is seriously pure evil no matter which angle you look from. Some commenters say that when the doctors say to the pregnant lady that it is ok to get the injection, they dare not look into the eyes of the patient. I have a tendency toward believing this as there are more than one commenter and I may have seen this on Alex Berenson’s site. This is seriously evil, not dysfunctional but evil. Perhaps Judgement day is just round the corner?
A lot of people have died who did not need to die this jab sounds like “russian roulette ” every time you ‘spin the chamber or get the mrna jab ‘ you run the risk of getting the bullet.
With the added effect that the bullets add up to cumulative damage.
Do people n authority care? NO! They do not care.
if one had a religious bent… one might argue that God is punishing the humans for our failure…
We’ve definitely gone over board on pride, greed, wrath, envy, lust, gluttony and sloth.
Look at us… what a shit show… a colossal joke… a planet filled with circus and barnyard animals… MOREONS… imbeciles… people like mike… and norm… and dunc….
Who could blame God for wanting to terminate this failed experiment
http://static.idolator.com/uploads/2014/01/09/miley-twerk.gif
Actually, we are doing pretty well at dissipating energy. There are more resources available, but they seem to be out of the reach of current humans. If there is rapid evolution in a new direction, perhaps a new version of humans can have better success. I don’t know what it would take to produce rapid evolution. It might be spent fuel pools, or it might be exposure to mRNA vaccines, or perhaps something else.
Brings to mind the figure Tantalus from Greek mythology; condemned for eternity to stand in a pool of water under a fruit tree. When he reached up to grab the fruit, the branches moved higher and when he moved to take a sip of the water, the water moved lower.
Nice little essay by Heinberg, highlighting depletion as a possible, even likely, factor in current energy woes.
https://www.postcarbon.org/how-much-of-the-worsening-energy-crisis-is-due-to-depletion/
Want to hear a joke?
Energy Secretary Jennifer Granholm on Tuesday biffed two simple questions that anyone in her position should have been able to answer.
Fake It Till You Make It? Biden Energy Secretary Fumbles Two Simple Questions In One Day
REPORTER: “How many barrels of oil does the U.S. consume per day?”
Energy Sec. Granholm: “I don’t have that number in front of me. I’m sorry.”
Reporter: “Bottom line, how soon will Americans see prices at the pump drop, and how long do you expect that to last?”
Energy @SecGranholm: “Yeah, I’m not going to make a prediction about how much and how long.”
https://www.zerohedge.com/energy/fake-it-till-you-make-it-biden-energy-secretary-fumbles-two-simple-questions-one-day
Facsinating observation ctg this may prove my other conclusion that the powers that be may be clueless or ignorant iin the fields they are in charge of this would mean that the cep that fast eddie goes on about could be something else perhaps a saying would summarise what is going on ” the blind leading the blind ” when have we known the people we trust such as politicians or institutions such as the UN or the WHO to make the correct decisions.
Do not expect anyone in a position of authority to ever acknowledge that we have passed peak energy
The mandatory self-isolation period for all people arriving in New Zealand from mid-January will be monitored with a light touch, Covid-19 Response Minister Chris Hipkins says.
https://www.rnz.co.nz/news/national/456503/government-relying-on-goodwill-and-honesty-of-travellers-to-do-self-isolation
That’s code for — don’t isolate — we want you out and about spreading the covid to other injected MOREONS… we want our own mutants to breed.
Then when cases blast off… this will be used to initiate more lockdowns … and the CovIDIOTS will respond by getting boosters… so they can ‘get around’ like mike
What we are seeing is the government trying to restart their tourism industry but i do agree with you it will not end well lockdown world is coming.
No the government does not want to restart the tourism industry.
They are using this to entice more injection uptake.
This window – if it ever opens — will be slammed shut quickly as we start to see infections blow through the roof.
They could have opened the window for Christmas… but nope — we have to wait a few months…
Now that’s odd… what’s the hold up?
Oh right – Auckland come out of lockdown in 3 weeks… over christmas the diseased CovIDIOTS will be flooding the country with their sickness… this will result in the development of mutations and big spikes in infections….
And we’ll be in the seriously deep shit by the time this window is scheduled to open
That is what J’Acinda wants
But Margaret and I are not vaxxed. How does this work for us?
What is the requirement to enter Japan? I have always wanted to go to Japan.
Nobody is allowed into Japan …
Try Bolivia.. I read that you can get a gram of high quality blow for 10 bucks….
Learn from this …. https://www.rnz.co.nz/news/national/456497/south-auckland-warehouse-blaze-saw-asbestos-travel-1km-away-review
Too busy fighting COVID to worry about asbestos in the air.
https://www.rnz.co.nz/news/national/456504/vaccine-pass-helpline-swamped-by-calls-as-thousands-eye-traffic-light-travel
I’ll be sure to do my part and call too — just to clog it more
“How many more more sports people need to collapse on the pitch before an investigation takes place,” tweeted the ex-Premier League star.
https://summit.news/2021/11/24/former-pro-calls-for-investigation-after-another-football-player-suddenly-collapses/
Curiously all the athlete fatalities have been European soccer players who are unknown here in the US. There have been no professional football, baseball, basketball or hockey players who have collapsed on the field here in the US. If there were I’ll bet it would really stir up opposition to the vaxxes. Are they all getting placebos?
Nah. It’s because American sports place less of a burden on the cardiovascular system. Baseball and American football players are standing around doing nothing most of the time. Basketball is more active but the court is so small that nobody has to run very far. And hockey means ice hockey. It’s a tough combat in some respects, but they get to skate around the rink.
Soccer, on the other hand, demands real stamina, exertion, courage as most of the players are running up and down and showing their knobbly knees and trying to look macho for ninety minutes. This can be a real strain on the heart.
It would be interesting to find out the ratio of collapses by goalkeepers to soccer players in general. I would expect it to be lower.
An NBA player has gone down https://www.bizpacreview.com/2021/10/15/player-says-nba-muzzled-him-after-he-got-blood-clots-from-covid-vaccine-that-took-him-out-for-season-1149030/
Keep in mind there are only just over 500 players in the NBA….
One NHL Player has reportedly been damaged… again there are only about 1000 nhl players.
Hey norm… what’s your theory?
Why are so Many Professional Athletes Collapsing with Heart Problems?
https://www.headsupster.com/forumthread?shortId=287
NEWSWEEK
https://www.newsweek.com/how-dr-fauci-other-officials-withheld-information-chinas-coronavirus-experiments-1652002
How Dr. Fauci and Other Officials Withheld Information on China’s Coronavirus Experiments
WAIT FOR IT….
Fauci Sex Scandal coming to a theater near you.
A person would think that all of these revelations would start making an impact.
By the way, I am now in Salem Massachusetts, a suburb of Boston. The plane I took wasn’t completely full. Quite a few middle seats in rows were empty. Perhaps high prices for tickets kept people from buying seats. I had noticed that the waiting area at the gate wasn’t very full either.
We took an Uber to our hotel. There were a row of them parked, ready to pick up customers. There was no wait at all for a vehicle. I didn’t have time to log onto Our Finite World. There was a big sign about free WiFi, but no time to use it.
Salem, eh?
https://img.ifunny.co/images/aaee07f41336e62d2e4cce71243d5f17db5ce96b86387b8a242ef10d784d608e_1.jpg
Salem seems to be fairly pro-Vacx, but doesn’t generally require masks. The state has a high vaccination rate. It now has a fairly high COVID rate as well. The COVID rate was close to four times as high in Massachusetts as Georgia, the last time I looked.
Have a blessed Thanksgiving Gail.
Thank you. My daughter lives up here. She is expecting a baby in early January.
Interesting MSM is telling us how crowded it’s going to be for people traveling….were the airport crowded??
Just some initial thoughts on bias / objectivity – I have not necessarily covered every angle here, let alone thoroughly.
We touched on ‘bias’ recently. I am not really against bias – I am not ‘biased against bias’. No doubt it is a matter of pros and cons that need to be understood and weighed.
Clearly humans have evolved with a tendency toward bias – otherwise they would not have the tendency. It has been selected for as a beneficial trait. But so has objectivity (understanding), and there is a ‘balance’.
Bias is essential to all life – for one species to value its existence over that of others, like the species that it eats, chops down, kills, utilises, employs, dominates, assimilates and exploits. All of the organic drives depend on ‘bias’, self-assertion, and life would not be possible without it.
Whether we admit that it is bias is another matter. Some would prefer to say that it is ‘true’ that other species are ordered, in intention, to human benefit.
Similarly, group claims on resources all depend on bias. Ultimately all claims rest on force, self-assertion of some kind – which may be mutually beneficial, like exchange. Same ways, some people prefer to speak of it as the ‘truth’ of the claims, in ‘justice’ (or ‘conquest’ as was often said) or whatever.
And members of groups will be biased for their groups. Humans have evolved as social/ herd animals. They will tend to play the ‘truth game’, the ‘word game’, to assert their group and its claims as ‘true’. Some go as far as to say that ‘God ordained’ their group and its prerogatives. Or it will be a narrative of ‘justice’ or whatever. Bias is a means to an end, to self-assertion.
The removal of the ‘word game’ would not remove bias, it would just leave self-assertion cruder, and power relations more starkly visible. The ‘if you want it, come and get it!’ sort of thing. Words like ‘ownership’ and ‘rights’ likely mitigate the contest somewhat as well as obscure it.
None of that is a ‘bad thing’, bias is simply how all life and all human groups function. Thus far it is a ‘good thing’. The ‘opposite’ of bias would be no species, not ‘better’ species. Survival and evolution work through self-assertion, it is just how the planet works. If a species did not assert itself, then that would be the end of its line.
Whether humans are comfortable with professing that ‘bias is a good thing’ is another matter, as it would go contrary to the usual psychological ‘truth/ word games’ that humans partly rely on to advance their status and ‘claims’. The game implies that humans pretend to be ‘honest’ (or even objective). The pretence has to be maintained if the usual game is to function – and if a starker situation is to be obscured and perhaps somewhat mitigated.
But bias can also make people ‘stupid’ if it gets in the way of an ‘objective’ understanding of a situation (past or especially present) and the pros and cons of possible courses. ‘Stupidity’ can be beneficial in so far as one effectively advances one’s claims – but it is not always beneficial, in the same way as events are not always beneficial. Bias is a ‘tool’, even a weapon, but it is not the only tool in the box.
And often the moderation of self-assertion is the wiser course. Objectivity will help people to employ moderation where it is appropriate. A group that thinks that is ‘always in the right’ and ‘always the most powerful’ will be given to make mistakes. And bias may also hinder an understanding of what went wrong. ‘Oh we were the just and we did alright out of it, we acted wisely, it was all righteous.’ Vanity can severely hinder maturation.
On the other hand, a weak self-assertion may simply indicate weak organic drives, cowardice, ‘meekness’ for its own sake rather than a beneficial strategy that is appropriate to a particular situation.
The important thing is to wield all of the ‘tools’ in the box harmoniously in an agile, easy, beneficial manner. And that implies a good intellect, a mature character and good, balanced, honed and harmonious instincts.
Anyway, I see OFW as a place that seeks objective understanding, and therefore it would be incongruent to deform our understanding of human history for the sake of ‘group bias’. It is a matter of ‘time and place’. This is not the place to advance group claims, it is a place for objective understanding, which is hindered by group bias. And thus it is befitting to ‘park the ego’ – and to open the mind.
I think that is a ‘fairly fair’ statement.
I enjoyed this and its metaphor. ‘And there is nothing behind the fog.’ One might add, ‘except for everything’.
Yes, I think we do try to figure out what is really happening.
It is very difficult for people to believe that what the mainstream media and textbooks are teaching isn’t the unbiased truth. Their view comes much closer to the “happily ever after ending” that people would like to have happen. Psychologically, we cannot deal with a very different story, except perhaps a religious view of the future. Some would say that is not right either, but such a view has at least some chance of being right.
I would like to say on contrary. I’d bet a lot of the substance abuse and depression stems from the dichotomy between those hopiate infused narratives which is being shoved out and that of reality as people experience and perceive it.
The only group that would “suffer” from the ‘ugly truth’ is the bona fide sanctimonious hypocrites. As for the dudes and dudettes firmly planted in objective reality:
Chop wood; carry water
How many OFW readers are on antidepressants? Ill dare to guess; a rounding error towards zero. Realistically, since when did dope and despair “fix” any predicaments?
Hahahaha… Fast Eddy should probably be taking something to bring down HIS extreme levels of happiness…
Is there such a drug that cures euphoria?
I am thinking … there is not … who wants to be Less Happy?
The MOREONS are about to be exterminated… everything Bossche has said – has happened or is happening …
Fast Eddy is bursting with joy. Literally bursting…. Happy Happy Days are Here!
when something bursts it always leaves a mess
“On the other hand, a weak self-assertion may simply indicate weak organic drives, cowardice, ‘meekness’ for its own sake rather than a beneficial strategy that is appropriate to a particular situation.”
Or it could be a completely cohesive assertion given the situation at hand? No? How about dishing out just one good reason for bothering in the first place? You know; something real and tangible instead of nothing behind the fog?
Will to Power without the Will to Life and Will to Evolution is absurd in sapient and sentient systems embodied in finite worlds.
I am not interested in giving anyone any ‘reasons’ to live. Life is not an argument. You either have healthy instincts or you do not. If your lot is minimal vitality, then that is who you are. The degree of vitality is not something that can be ‘changed’ through ‘reasons’. People are what they are. ‘Virtues’ cannot be taught, they are simply possessed through healthy instincts, it is a physiological matter. That you may try to provide ‘reasons’ to ‘justify’ your minimal vitality – ‘oh the poor planet’ or whatever – is neither here not there. The real reason is what you personally are as a living organism with weakened drives. The ‘reasons’ of your imagination are neither here nor there. The only role that they play is to keep you going at that level of vitality, so that you do not give way entirely. It is not my business to try to interfere in what people are, through ‘reasoning’. ‘Evolution’ works when those with less vitality give way to those with more. Feel free to flatter yourself that you are somehow the ‘next step’ rather than simply physiologically depressed. You will get no flattery from me, so I do not know why you keep coming back to me, I am the last person that you should approach for fortification. Find a priest, get religion or something if you want self-justification. ‘It is up to you what you really wanna do.’
Life is to sort to waste time feuding .. let’s talk about wise mike instead… what what he’s ‘getting around’ to today
From where did you get the idea I’m trying to ‘save the planet’? I’m not the person that will sacrifice “Will to Life” for “Will to Power”.
As if the magnificence of existence (Will to Life), however fogged by the myopia of ordinary, somehow is subordinate to the whims and shenanigans (Will to Power) of the Rapacious Primate, of which I am.
Again, what do you mean with ‘vitality’? A pointless strife in that which cannot, will not, continue? Would that make sense in the prima causa of mindless process (evolution)?
The meek shalt not inherit the earth apparently.
I’m not finding the dichotomy between a solid grounding in objective reality, practice, craftsmanship, and the luxury of philosophical musings through the absence of suffering and drudgery.
Again; how do you strike a balance between the subjective and objective, the reductionistic and holistic, stagnation and chaos?
🤔
Energy prices in Europe are still high with natural gas storage at 70% filled and draws high as winter arrived earlier. Europe might not make it through winter….so Covid lockdowns are coming to save energy.
Ukraine is short on coal and natural gas amid high prices. So they moved their troops to Russian occupied Donbas. Russia moved its troops to the Ukrainian borders. The U.S government and European governments wake up to the situation in Ukraine. A Russian invasion is coming! We must give Ukraine more economic and military support! They are defending Europe! It’s a scam.
https://pbs.twimg.com/media/FE9EsEyWQAYS3yS?format=png&name=medium
Biden gets 10% every dollar Ukraine gets.
Not many countries can afford to send troops anywhere, with today’s problems. The main justification for sending troops to the border would seem to be to divert attention away from problems at home.
This article hit me hard. I would love to, or feel like I will have to be cleaning out stables, and homesteading until I die, without tractors whether due to lack of parts/maintenace or petro and at an age when I can no longer physically do it But this farmland taxation is what really cuts off your arms and legs. These farmers’ heirs will be stuck with a huge tax loadstone unless they can sell it- they can profitably work it- and the Sovereign Wealth Funds, Hedge Funds, billonaires are just standing by, waiting to acquire it for pennies.
I wonder if they will just take it out of production for a decade to let this fertilizer,-pesticide-herbicide dependent soil recover, in a sense, quietly earning capital through mother nature’s restoration. The only iIF I see in this is if the aquifer depletion will make the incredible yields a thing of the past.
One thing for sure, people like these farmers are getting few and far betrween. Real people.
https://www.yahoo.com/news/once-were-gone-were-not-125900469.html
Lost a lot of good men along the way, one quite recently. Gerald McCathern’s “From the Whitehouse to the Hoosegow” was published in 1978. That was kind of the get-the-word-out-quick paperback, more fully-elaborated in 1982 in his book “Gentle Rebels: The story of the Farm Protest of 1977 thru 1982 by Members of the American Agriculture Movement”. Not much happening today to the ‘remnant’ that guys like Gerald weren’t warning about back then. By the time Willie started milking the crocodile-tears in 1985 I think we’d already lost going on half-a-million family farms. He’s a real Slick Willie, take ya down to the whiskey-river and drown ya during intermission at Farm Aid.
https://www.tributearchive.com/obituaries/21686549/gerald-mccathern
Gerald served in the U. S. Army in Germany during WWII. After the war Gerald returned to Lubbock and attended Texas Tech University. While at Tech he met his sweetheart, Bonnie Traweek, and they were married in 1947. Bonnie and Gerald celebrated 74 years of marriage in June 2021.
After graduation and after working as a geologist, Gerald returned to Hereford and joined his brother and father in the family farming and ranching business. Gerald worked tirelessly as an organizer and supporter for the American Family Farmer. He helped organize and lead the American Agricultural Movement in Texas. He was the original Wagonmaster of the Tractorcade to Washington D. C. in 1979. Gerald served as special assistant to the Secretary of Agriculture in Washington D. C. He was active in National Farmers organization (NFO), Texas Grain Sorghum Producers, National Organization of Raw Materials (NORM). He was the editor and publisher of a nationally circulated newsletter The Argriculture Watchdog.
Gerald authored and published several nonfiction books highlighting the plight of the American Family Farmer during the 70’ and 80’s. In addition, Gerald authored numerous historically based books of fiction. For many years Gerald was a familiar personality in Palo Dura Canyon’s Bookstore selling his novels and enlightening interested folks about Panhandle history.
Rest in Peace, Gerald.
The escalating asset prices of all kinds, including farms, is part of the problem. With ultra-low interest rates and easily available credit, prices of farms tend to escalate. This puts farms out of reach for most buyers. The fact that commodity prices are low makes it impossible to get a reasonable yield on this very inflated land price. I would not blame farmers for wanting to give up–except they can’t. There is too much debt too repay.
What do folks here honestly think about banking ombudsmen. Good bad? Am having to use one after making a large cash withdrawal. Now in retaliation one of my banks wants to freeze my accounts…Mr Pool?..Suggestions?
I looked to see what this is.
https://www.consumerfinance.gov/cfpb-ombudsman/
There is an agency called the “Consumer Financial Protection Bureau” (CFPB).
According to the website,
This is a link to an annual report of the group’s activities for 2020. This is a 47 page report. https://files.consumerfinance.gov/f/documents/cfpb_ombudsman_annual-report_fy-2020.pdf
The organization does seem to do some beneficial things. The report will not tell about the problems, of course.
A “great” summation by Chris Martenson in this 28 min YT video:
“On the Brink of Chaos”
New Lockdowns & Vaccinating Children Last Straws for Many
by Chris Martenson
https://www.peakprosperity.com/on-the-brink-of-chaos/
Wierd I just tried two post criticizing a particular country and blog and they would not go through 🤔
My other post did not make it through I will try again.. this time I won’t criticize russia…. I said this story is bull makes me wonder about zh
https://www.zerohedge.com/markets/saudis-russians-consider-pausing-oil-production-increases-retaliation-biden-spr-release
Saudis certainly don’t want the price to go down. They will do what is needed to keep the price up.
https://www.oilystuffblog.com/single-post/nothing-burger
This is more like it! From the horse’s mouth! I do wish sometimes that I could go back to being a simple fish and blame everything on Brandon 😢…. But then again ….
Thanks, that’s a great article. Here’s an excerpt I found especially poignant:
“America’s real hydrocarbon savings account, our hope for any long term energy security, is short investment cycled, shale oil and shale gas. THATS the resource that needs to be managed prudently, with conservation and the prevention of waste in mind.”
“Instead we’re exporting 1 billion barrels of HZ tight oil, and nearly 6 TCF of HZ tight gas, to foreign countries every year, most of which was extracted on credit/debt and most of which is being sold overseas below the cost of extraction and being able to pay that debt back. That’s America’s oil gone, forever, and the American consumer got NO benefit from it. What’s the replacement cost on THAT exported stuff going to be about five years down the road? If having a hissy fit over SPR releases, but not exports, seems like a double standard, it is.”
“What is best for our country’s oil and gas future has now become as divisive as everything else in our nation; one political party, oblivious to the probability of scarcity of a finite resource, believes in draining America first… for the sake of exports, using debt, the other political party loathes oil and gas and wants to leave it all in the ground, forever, also using debt as a means of substitution.”
Has Badford Hill (shortonoil) died?https://obituaries.virginiacremate.com/obituaries/richmond-va/bedford-hill-9327547
Saludos
el mar
That would be a shame if so
Oh my, Looks like it is a possibility because he had lived in that area and sounds about the right age. He hasn’t been at Peak Oil News for some time due to a wager bet he made regarding the price of oil and lost.
Pretty much was run off the comment site.
Too bad because I enjoyed the debate among the opposition there and he put up a good fight for a time.
His theory was mentioned here numerous times in past years.
Gails comment I remember she didn’t like it…
From the price of Petro now, don’t think so too.
Anyways, If he did, probably one of the lucky ones not too be at Fast Eddie’s End of the World 🎉🌍
His view wasn’t really right, as far as I could see.
America is not about what is good for Americans it is about what s good for the global ultra rich.
I am not certain I agree with it. We send some crude oil abroad and we import other crude oil, depending upon which refineries need which kind of crude oil.
I am more concerned about commitments to export natural gas, when total natural gas is not increasing enough to support such exports.
https://www.zerohedge.com/markets/saudis-russians-consider-pausing-oil-production-increases-retaliation-biden-spr-release
This story makes no sense?! The release from spr is going to do nothing! Why would Russia and Saudi care?! B.s from zero hedge!! Russian propaganda….interesting to read the comments nad see how many stupid idiots are buying it!!
50 million barrels over three months is a nothing burger. Wake me if it goes 500 million barrels.
The announcement of an SPR release does provide good cover, however, if the Saudis or Russians choose to cut back production in the near future, because the price is too low. Everything is about perceptions, rather than actual effect.
FE is very active in commenting in Steve Kirsch’s blog….
Looks like he’s got a side-gig over at Haaretz too.
Israel Prepares for Doomsday COVID Variant as Delta Wave Wanes
https://www.haaretz.com/israel-news/.premium.HIGHLIGHT-israel-prepares-for-doomsday-covid-variant-as-delta-wave-wanes-1.10399023
Someone has a crystal ball…
Again – this is exactly what Bossche is guarantying is inevitable.
He thinks this is all a big mistake — because he cannot understand why governments could commit extinctacide.
He has to think it is a mistake. He is either unaware of the CEP or refuses to accept it.
He probably has kids… maybe grandkids… it’s hard. I acknowledge that.
Also he is new to the End of the World Story… we’ve all been waiting for this moment for at least a decade… we were prepared.. this is a LOT to dump on one person over a few months and expect them to see the big picture.
Anything to keep him from manic-posting at OFW…
Good read
https://www.zerohedge.com/geopolitical/luongo-have-we-finally-reached-peak-davos
This, indeed, is a very good read. Europe indeed indeed in worse shape than most of the rest of the developed world. The euro is dropping relative to the US dollar and the yen. The idiotic ideas of the Davis crowd have most influence in Europe. They are not really working. We may very well be at Peak Davos influence.
GOLD GOATS ‘N GUNS
https://tomluongo.me
2nd best blog after OFW.
I don’t see anything on Covid
This is a blog that is more political and less about energy than OFW. Tom Luongo has a background as a research chemist. He also has some economics background. He is a Libertarian. One recent article of his is the Peak Davos article recently linked to.
Italy, in its very bad shape about energy, has just created a mass distraction introducing today ‘the super green pass’.
‘Full rights’ citizens will be only:
vaccinated (9 months of rights) or recovered from Covid (6 months of rights).
The others will be excluded from society.
They will be allowed to do only home and work, making a nasal Schwab, sorry a nasal swab, every 48 hours.
Better to see a collapse than this abomination.
https://www.tgcom24.mediaset.it/cronaca/draghi-da-il-via-al-super-green-pass-misura-per-conservare-la-normalita-conquistata-oggi_42133368-202102k.shtml
https://twitter.com/i/status/1462108633966297090
Iran before Khomeini (i.e. before its energy collapse)
https://youtu.be/T4M_EJzjItk
Iran’s energy consumption per capita is reported by BP to be 143.2 gigajoules per capita. This is higher than most European nations. It likely represents high energy use by its oil and gas industry. Compared to Saudi Arabia, its energy consumption is low.
Strangely, an Italian information website is talking about the imminent European blackout and about world banks suggestions to block everything in order to take some action against energy problems.
The article admits that it is a very similar strategy to lockdowns apparently conceived for Covid…
This is another explanation why in this blog we talk about Covid, vaccines and lockdowns.
https://www.byoblu.com/2021/11/24/il-grande-blackout-cavallo-di-troia-della-bolla-energetica/
Student… what is y otto ur confidence level of this website? Blackout and energy problem? Blocking?
English translation :
BYOBLU24
THE GREAT BLACKOUT: HORSE OF A SLUT OF THE ENERGY BUBBLE
Isn’t it amazing that every possible excuse is being trotted out … and nobody will state the obvious… we’ve passed peak. There will be no transition … this is not about buying time until renewables can replace oil.
Hi everybody, as I said in a comment replying to Lidia17 I posted that article coming from a normal Italian website of news, just in order to show that someone is talking about possible blackouts in Italy.
Which is very rare, because probably it is a striclty forbidden subject 🙂
I hope is clear now.
All the best.
No one wants to think about blackouts in Italy. They want to think about a future with fast electric cars, like Tesla.
very few grasp the reality—that it is not the journey (in our electric cars) that sustains prosperity, but what we do at the end of that journey
Who is the ultimate provider of the loans?
It is not the banks. It is the human civilization.
There needs to be faith that there is a reasonable likelihood that the loan will be repaid. There need to be future goods and services available.
US COVID Deaths In 2021 Have Surpassed 2020’s Total… Despite Vaccines, Treatments
https://www.zerohedge.com/markets/us-covid-deaths-2021-have-surpassed-2020s-total-despite-vaccines-treatments
The vaccines do not stop the spread of covid nor do they stop people from dying of covid.
norm dunc – do you get it? (mike no longer gets included because he is a Disgrace)
“Is Australia Preparing Concentration Camps for the Unvaccinated?”
https://www.armstrongeconomics.com/world-news/tyranny/is-australia-preparing-concentration-camps-for-the-unvaccinated/
Well, they have camps where people are concentrated, taken there by the army (so brave). All boasted about by the politicians in that region, in press conferences. This is not ‘fake news’.
So they are, strictly speaking, ‘concentation camps’.
At present, the inmates either have positive tests (described incorrectly as ‘sick with Covid’) or are close contacts without such positive results – unvaccinated, not sick at all, and still imprisoned without trial or good clinical reason.
We may therefore conclude that camps for the unvaccinated have arrived.
‘Bah! Lunatic internet stuff from mentally ill people!’ Norman.
Yes Norman, the politicians and soldiers are indeed mentally ill……
The situation is more nuanced than “concentration camps”. Starting from the original colonial takeover, a concerted effort has been made to exterminate the indigenous peoples in Australia.
It continued blatantly until the 70s with forced removal of children from their families “the stolen generation”.
Fundamentally the culture and values of the Aborigines are completely incompatible with western culture. Many of the remaining Aborigines live in camps in remote locations where drug and alcohol abuse, violence and family disintegration are rife.
Aboriginal imprisonment rates are at least 10x those of whites.
Notwithstanding that the Govt spends a shit ton of money on Aborigines, because most of them are unable to function in white society given it’s toxic to them.
Given their health condition is generally terrible – obese, diabetic, hopeless mental outlook with addictions, if COVID gets into them a lot will die.
So if you’re the Govt and are going to keep on with batshit COVID health policies, the logical group think thing to do is to force vax them and move them out of their squalid camps to a more managed environment.
If a lot of them die from COVID the media would flay the Govt. If they die from vax injuries it will be an ‘unfortunate increase in death from natural causes’ so all good.
a chance to steal land and be rich sorry natives
Thank you for the background details.
The white colonial invaders should realise that this is actually establishing a legal precedent for them…….
https://www.linkedin.com/posts/myah-guy-oakes-52735b44_ugcPost-6869010781543952384-IwmZ
I pointed this out to M Fast when I passed along the Hipkins ‘Hunting Unvaxxed’ video … and suggested we plan now for that outcome…
She is concerned that no matter where we go we eventually end up in the same situation.
Bolivia is only 42% vaxxed so not possible to imprison unvaxxed. Mexico similar.
This would be the absolutely last resort option … but it could be a final bucket list trip….
Safe travels FE. Maybe nature has other plans for Hipkins and crew.. something that unravels the plan or fulfills the prophecy.
Today’s question: What have YOU done today to adjust your stances on life so that they fit with the governamental views? I’m trying to come up with something effective. I’ve tried reading mainstream news once, but so far that hasn’t worked, I still have different views than my government…maybe I should watch them more?
First things first. Have you considered allowing the government to continue to be your single source of truth?
The loudspeakers crackled into life:
‘Citizens! Adjust yourselves! Harmonise with every phase of the New Normal! Put yourselves in a posture pleasing to Big Mother! Life and Hope!’
‘Life and Hope!’ shouted the crowds, automatically shooting out their bare left arms for the injections of the Elixir.
How lucky they were to be loved and cared for by Big Mother, all-seeing, all-knowing, all-powerful.
It hadn’t always been so, life had been weird and scary, despite having i-phones and stuff; but now they felt truly Safe all the time, and always Connected.
Their only anxiety now was whether Big Mother would ever forget them, and the Elixir fail to flow. But it was all so well organised, no one was ever over-looked, and they even felt ashamed of such suspicions.
It was all good, wasn’t it? Of course! Mis-think was a sin, something the banished sect of Mis-informers used to do, so they’d heard, and they shuddered to even entertain the slightest shadow of doubt.
As mandates role out, at some point willing jab receivers and virtue posers will all need to accept their compliance was never a matter of their personal choice.
What will they feel like when that day dawns?..apart from very unwell
This story seems pretty under-reported; seems fairly significant to me:
“The Islamic Revolutionary Guard Corps (IRGC), known as Iran’s elite force, says nine Iranian soldiers were killed in clashes with the US naval forces in the Persian Gulf.”
https://www.thenews.com.pk/print/911228-nine-iranian-soldiers-killed-in-clashes-with-us-navy-iran
Perhaps no soldiers are available to escalate the story further.