No One Gets Out Alive

Collapse of Industrial Civilization

tumblr_n6k2x951T71ts2oqko1_500

As China’s appetite for resources wanes with the bursting of its real estate bubble and America’s shale oil boom fueled by easy credit comes to an end, floundering petrostates are beginning to queue up for bail-outs. Financialization appears to have exacerbated the collapse in oil prices. Of course none of this capitalist boom-bust cycle negates the fundamentals of peak oil; prices will swing upwards again in a few years as marginal producers get weeded out. After all, the world still consumes nearly three million gallons of oil per minute, and only a relatively thin margin separates surplus from a shortage. Most of our energy usage does not involve electricity which is what alternative energies like wind and solar produce. Electricity comprises just 18% of the total global energy consumption of which alternatives make up a tiny sliver. 250 new human beings are added to the planet every minute; each born into a world of depleting resources and mounting pollution; each scrambling to secure…

View original post 1,408 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s