The post-WWII geopolitical regime is ending. These posts discuss why it is ending and what might replace it.
Comment on a thread at the DNI blog: “IMHO, the United States is so far down this path that – absent some deus ex machina – its political / economic decline seems to be inevitable and irreversible. Under these circumstances, our efforts should not be to seek to stem or to reverse this process but rather …
Many in the Peak Oil community have trumpeted the rise of oil prices from their 1990’s average of aprox $20 (measured by West Texas Intermediate, aka WTI). For example, note these posts at The Old Drum: The Bet Oil Price Touches $100 a Barrel; Signal of Pending Oil Shortages Ignored Holding Daniel Yergin and CERA …
More good news about Peak Oil, on the demand side Read More »
Forecasts of oil production are converging as better data and analysis eliminate many possible scenarios — including the apocalyptic ones so beloved by doomsters.  The experts in this group look for an imminent (starting somewhere in the next few years) peak in liquid fuels (petroleum & biofuels) production, followed by either a long plateau or a slow decline. These five …
But this *long run* is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again. —Â John Maynard Keynes, “A Tract on …
Death of the post-WWII geopolitical regime – death by debt Read More »
The Harvard historian Niall Ferguson recently wrote about one of history’s great events, occurring now. Power — economic and political — shifts from West to East while we contentedly watch TV, play with our electronic toys, and exult in our large homes and granite countertops. The foundation of America’s role in the world slowly crumbles …
