In 2023, the U.S. set an annual oil (crude oil + condensate) production rate record of 12.927 million barrels/day (mb/d) according to the U.S. Department of Energy/Energy Information Administration (U.S. DOE/EIA or EIA). I’ve heard numerous media commentators ebulliently commenting about that fact without considering the implications for future U.S. oil production. Those implications are serious and not that far away.
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Aug
22
2024
Chartbook 310 The shock of the new: Dollar dominance and modern monetary macro in the 1920s. (Hegemony note 5)
by Adam Tooze in Chartbook…The denaturing of the gold standard and the emergence of the new field of monetary macroeconomics combined to pose the question of...
Aug
10
2024
The ‘perfect storm’ of climate risks that is sinking your net worth
by Andrew Behar in Impactalpha…If we don’t all wake up – as a nation – to climate risk, homeowners will soon literally and financially be underwater.
Aug
01
2024
Food as you know it is about to change
by David Wallace-Wells in The New York Times…It can be tempting, in an age of apocalyptic imagination, to picture the most dire future climate scenarios: not just...
Aug
01
2024
Why shifting from prediction to foresight can help us plan for future disruption
by Roger Spitz in World Economic Forum…As the world becomes more complex, foresight methodologies account for a greater set of possible futures. Scenario...
Jul
25
2024
Paraphilanthropy: Giving money its freedom papers
by Bayo Akomolafe….What addressing philanthropy’s colonial legacies asks of this moment.
Jul
25
2024
A big solar company may be collapsing
by Alana Semuels in Time….One of the largest residential solar installers in the U.S. appears to be on the cusp of failing, the latest sign of the troubled...
Jul
13
2024
Is there a future in the doomsday economy?
by Alexander Nazaryan in The New York Times….With Fortitude Ranch, the entrepreneur Drew Miller is betting on franchised timeshares for people who are worried...
Jul
08
2024
The status of U.S. oil production: 2024 update everything shines by dimming
by Roger Blanchard in Resilience.org…To maximize profitability of deep water fields, the industry cranks up production rapidly to a high production level, say...
Jun
10
2024
Shrink the economy, save the world?
by Jennifer Szalai in The New York Times….Economic growth has been ecologically costly — and so a movement in favor of ‘degrowth’ is growing.
Apr
24
2024
New world order?
by Kate Mackenzie and Tim Sahay in Phenomenal World….At The Polycrisis we have been tracking the whipsaw of the global financial system amid private finance...