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August 7, 2008 :: Joseph Eugene Robertson :: 6 Comments
As gasoline prices were escalating seemingly without hope of stalling or coming down, due to all-time record oil prices, and in the context of a severely weakened consumer economy, we found ourselves confronted with a major challenge to the basic assumptions of the dynamics of our economy. We have seen, in just one year, our […]
July 31, 2008 :: Joseph Eugene Robertson :: 2 Comments
With gasoline prices at record highs, and the strain on a weak American economy already at an extreme, Pres. Bush is pushing Congress to hold an “up-or-down vote” on renewed exploration of the Outer Continental Shelf (OCS) before its August recess. Opponents protest that none of any oil found there would be available for production for 10 to 15 years, and the OCS plan is an attempt to deliver oil firms an otherwise unjustifiable gift, taking advantage of the pressurized situation of exorbitant prices.
July 21, 2008 :: Joseph Eugene Robertson :: One Comment
CafeSentido.com :: The United States is firmly in the thrall of a banking meltdown, in which the normal structures, the means of measuring performance, and the meaning of debt-holdings, are all out of balance. More than one Wall Street firm or investment bank has written of tens of billions of dollars in uncollectable debt. Financier […]
July 19, 2008 :: Joseph Eugene Robertson :: No Comment Yet
The former vice president of the United States, Al Gore, yesterday announced an ambitious goal, which he says the nation can meet, of transitioning its entire domestic energy production to clean resources by 2018. The speech marks a major moment in the process of transition to the green technology boom, which will be the next step in the ongoing economic development of the United States and the world. Gore, however, warned that failing to meet the challenge to date means “the United States of America as we know it is at risk”.
July 18, 2008 :: admin :: 4 Comments
Ladies and gentlemen: There are times in the history of our nation when our very way of life depends upon dispelling illusions and awakening to the challenge of a present danger. In such moments, we are called upon to move quickly and boldly to shake off complacency, throw aside old habits and rise, clear-eyed and alert, to the necessity of big changes. Those who, for whatever reason, refuse to do their part must either be persuaded to join the effort or asked to step aside. This is such a moment.
July 17, 2008 :: Joseph Eugene Robertson :: 2 Comments
Former US vice-president Al Gore is calling on the nation to marshal its resources and divorce itself from the combustible fuels economy. Gore says the US can produce all its energy requirements from renewable resources within 10 years, if concerted action is taken. The bold initiative is designed to drive debate on the topic and move discussions about how to deal with high fuel prices toward the new opportunity they provide for funding renewable infrastructure development.
July 15, 2008 :: Joseph Eugene Robertson :: 2 Comments
US pres. George W. Bush has lifted the executive ban on offshore oil drilling on the Outer Continental Shelf (OCS), and has challenged the US Congress to act to open the OCS to new oil exploration, saying the US needs to increase domestic production to reduce its dependence on imported oil. The ban was put in place by his father, George H.W. Bush, the 41st US president, for environmental concerns and in part because the oil companies have leases for huge expanses of underwater terrain they have not explored or exploited.
July 12, 2008 :: Joseph Eugene Robertson :: 3 Comments
The chairman of the US Environmental Protection Agency (EPA), Stephen Johnson, says the Clean Air Act is “ill-suited” to fighting the greenhouse effect, and that Congress should pass laws mandating the regulation of carbon emissions, with global warming in mind. The move may lead to a more comprehensive regulatory regime, but as the Guardian newspaper notes: “Last year’s Massachusetts v. EPA Supreme Court ruling had found that greenhouse gases can be regulated under the U.S. Clean Air Act. The decision pressured the EPA to reconsider its refusal to regulate carbon dioxide emissions from new cars and trucks.”
July 12, 2008 :: Joseph Eugene Robertson :: No Comment Yet
During the concluding half of the last century, the world was making steady progress in reducing hunger, but during the transition into the new century, the tide began to turn. In February 2007, James Morris, head of the U.N. World Food Programme (WFP), announced that 18,000 children are now dying each day from hunger and related causes. For perspective, this loss of young lives in one day is almost five times U.S. combat deaths in Iraq through four years of fighting. Although these huge numbers of dying children may be an abstraction, each represents a young life ended far too soon.
July 10, 2008 :: Joseph Eugene Robertson :: No Comment Yet
In 1991, a national wind resource inventory taken by the U.S. Department of Energy startled the world when it reported that the three most wind-rich states —North Dakota, Kansas, and Texas— had enough harnessable wind energy to satisfy national electricity needs. Now a new study by a team of engineers at Stanford reports that the wind energy potential is actually substantially greater than that estimated in 1991.
July 10, 2008 :: Joseph Eugene Robertson :: No Comment Yet
When Austin Energy, the publicly owned utility in Austin, Texas, launched its GreenChoice program in 2000, customers opting for green electricity paid a premium. During the fall of 2005, climbing natural gas prices pulled conventional electricity costs above those of wind-generated electricity, the source of most green power. This crossing of the cost lines in Austin and several other communities is a milestone in the U.S. shift to a renewable energy economy.
July 8, 2008 :: Joseph Eugene Robertson :: 2 Comments
As we search for a new way to fuel the global economy, in the midst of a rapidly spreading climate crisis, skyrocketing petroleum-based fuel prices and the likely imminent moment of peak oil production, it is instructive to look at the possibility that energy we already know how to access might be derived in (not cleaner, but) entirely clean ways. If we can find new sources of hydrocarbon fuels, can we access their energy content without burning them or emitting carbon?
July 7, 2008 :: Joseph Eugene Robertson :: 3 Comments
The green technology transition is gaining momentum. Japanese auto manufacturer Toyota has announced it will add solar panels to some of its fleet of hybrid vehicles. The “high-end” third-generation Prius models will sport Kyocera-produced solar panels on the roof, aimed at assisting with powering the air-conditioning and other peripheral operations, freeing up battery energy to give the hybrid engines more non-combustion mileage.
June 24, 2008 :: Joseph Eugene Robertson :: One Comment
The New Scientist magazine this week heralds a ‘plan B for biofuel’, making the case that starch-based ethanol fuels, like corn ethanol in the US, may drive up food prices, but a new generation of biofuels will sidestep the problem and help ethanol live up to its promise. “The corn required to fill an SUV tank with bioethanol just once could feed someone in Africa for a year” reports the UK-based magazine, but most biomass is not the starch currently being used to create bioethanol.
June 24, 2008 :: Joseph Eugene Robertson :: One Comment
Corn-ethanol, long a fascination for US politicians and for the farm lobby that courts their support for ethanol subsidies, may play some role in remediating the economic fallout of soaring gasoline prices, though it seems unlikely, for a number of reasons. First and foremost is the fact that the numbers work against us: in order to produce more corn-ethanol, we must divert cropland destined for food production to fuel production, and that has a severely negative impact on the availability and affordability of corn for human consumption.
June 23, 2008 :: jr3o :: No Comment Yet
A fast-unfolding food shortage is engulfing the entire world, driving food prices to record highs. Over the past half-century grain prices have spiked from time to time because of weather-related events, such as the 1972 Soviet crop failure that led to a doubling of world wheat, rice, and corn prices. The situation today is entirely different, however. The current doubling of grain prices is trend-driven, the cumulative effect of some trends that are accelerating growth in demand and other trends that are slowing the growth in supply.
June 18, 2008 :: Joseph Eugene Robertson :: 2 Comments
The International Energy Agency has called for a major increase in the price at which carbon emissions are traded in carbon-offsetting schemes designed to reduce emissions. The IEA, as reported by the Financial Times, has called for carbon offsets to be priced closer to $200 per ton, in order to bring carbon-trading schemes in line with the costs of reducing emissions. EU carbon offsets are currently priced at roughly $43 per ton.
May 10, 2008 :: admin :: No Comment Yet
Food riots from Haiti to west Africa, Egypt and the Philippines, in recent weeks, have sparked concern among policy-makers, diplomats and economists, that the current state of the global food supply is so precarious that such violence will spread and political and economic instability could follow. Concerns about the American economy, home to most productive grain-producing region in the world, and a shift to biofuels there, could mean added difficulty in bringing food prices down.
May 8, 2008 :: Joseph Eugene Robertson :: No Comment Yet
The open-source movement has been a revolutionary phenomenon of startling proportions. It has changed the way software works for us in our daily experience, by bringing costs down far enough that now anyone with an internet connection can launch a web-based publication in literally seconds. Its efficiency, its appeal, its human element, make it a standard to watch as other sectors of economics and public life evolve to integrate the latest communications technologies, and aim for optimum end-user freedom and flexibility.
April 11, 2008 :: admin :: No Comment Yet
In the heart of Madrid, the dollar’s woes have reached fevered extremes. The euro at its worst, shortly after its introduction, could buy only $0.69; it is now worth $1.57, an appreciation of 127.5%, or 2.275 times its lowest value against the dollar. What’s worse, money changers advertising “no commission” do not adhere even loosely to the official rate of exchange…
April 9, 2008 :: admin :: One Comment
In a period of roughly 18 months, the price of corn across central American markets has doubled, making staple foodstuffs too expensive for many in the region. Today, what is described as an “angry mob” of protesters suffering food scarcity attacked the government palace in Port-au-Prince; UN peacekeepers responded by firing teargas, while food markets remained closed throughout.
March 17, 2008 :: admin :: 2 Comments
On Thursday of last week, we found on the same day reports that mortgage foreclosures were at an all-time high in the US, the US dollar had fallen to an all-time low against the euro ($1.56 to 1€), the Federal Reserve joined with other central banks to infuse $200 billion into capital markets, oil hit an all-time record of $111/barrel, gold hit an all-time record of $1,001/ounce, Asian and European markets plummeted on news that Carlyle Capital —one of the world’s largest capital management funds— was in collapse, and Chrysler would shut down its entire corporation for 2 weeks in July, with no pay, to “increase productivity”.
March 13, 2008 :: jr3o :: One Comment
The ongoing transition to an environmentally sustainable economy, focusing on energy and agricultural resources, is already opening the door to a range of new industrial and engineering services related to resource and ecosystem resilience (now understood to be vital to the stability of the natural environment whose own services underpin every element of our civilization).
February 5, 2008 :: admin :: No Comment Yet
Among the numerous scathing criticisms leveled against the record $3.1 trillion federal budget proposal —which will be the last of the George W. Bush White House— are fiscal irresponsibility, near record deficits, and plans to cut or eliminate fully 151 federal programs, in an effort to save just $18 billion, while base Defense Dept. spending increases by 8%.
February 4, 2008 :: admin :: No Comment Yet
The ‘Davos Conversation’ is a multimedia effort to bring online public together with major policy-makers, activists and economists, to broaden the scope of debate at the World Economic Forum. The question which was used as a platform for the online forum was “what one thing would make the world a better place?”
February 4, 2008 :: admin :: No Comment Yet
At the World Economic Forum at Davos, Switzerland, a range of ideas from international disease relief, healthcare, security, climate change, extreme poverty, and the responsibility of market incentives, took the discussions in a new direction. Fmr. US vice-president Al Gore spoke of the need for a “marriage” of policy regarding extreme poverty and the climate crisis.
January 2, 2008 :: admin :: No Comment Yet
2008 will be a year in which the integrity of election processes, the quality and resilience of cultivated soils, the availability of credit to consumers, the affordability of homes and rentals, and access to affordable vital staples like food and water, as well as the cost of transportation, will affect economies the world over. Some economic analysts have said the combination of these factors, resulting instability or environmental degradation, and migration of affected populations, could mean the world is facing an unprecedented level of economic precariousness.
December 14, 2007 :: admin :: One Comment
If you think you are spending more each week at the supermarket, you may be right. The escalating share of the U.S. grain harvest going to ethanol distilleries is driving up food prices worldwide. Corn prices have doubled over the last year, wheat futures are trading at their highest level in 10 years, and rice prices are rising too. In addition, soybean futures have risen by half.
December 3, 2007 :: admin :: No Comment Yet
Between the years 2008 and 2020, we are likely to see a still unimaginably sweeping shift away from fossil fuels and high-contamination modes of powering our economy. The transition will have a political component, but will be driven mostly by cost concerns, resource scarcity, and public demand for cleaner air and responsible climate policy, a demand which is not ideological in nature.
November 20, 2007 :: admin :: 4 Comments
As the crisis stemming from high-risk sub-prime mortgage lenders’ collapse in the US spreads, the real estate market beyond US borders is being hit by what observers are calling the ‘credit crunch’, taking for granted this will affect all international financial endeavors, such is the situation. The governor of the Bank of England has now warned that the United Kindom is facing what should be its tightest economic year in a decade, warning that the slowdown could last into 2009.
November 18, 2007 :: Joseph Eugene Robertson :: No Comment Yet
Due to the science we already have, the laws we have to govern our own activity and to force government to act for the public health, we face the real possibility of being forced, in American courts, in the future, to pay for damage done to the most affected populations in other parts of the world, as a result of inaction by our government. And if not in court, then as a matter of the de facto urgencies of international political stability.
November 11, 2007 :: admin :: No Comment Yet
Ecological advancement and retro-fitting will be the new boom economy. Let’s make sure we do everything possible to fund not only research, but implementation. What will it cost to produce an environmentally-oriented overhaul of the US economy, by way of the private sector, with government incentives, and to the ever-growing benefit of private sector interests? These are key questions being asked by scientists, activists, economists and politicians, not to mention energy industry executives and those whose core business involves fossil fuels.
October 24, 2007 :: admin :: No Comment Yet
Americans living overseas see the front edge of the dollar collapse. Life in Europe seems to be twice as expensive as just a few years ago, as Euro-driven price-inflation meets the rapid drop in the value of the dollar against major currencies, like the Euro and the British Pound Sterling. Americans at home are facing higher food prices, higher fuel costs, and an overall slowdown in home-buying.
October 15, 2007 :: admin :: No Comment Yet
The global consumption of bottled water reached 154 billion liters (41 billion gallons) in 2004, up 57 percent from the 98 billion liters consumed five years earlier. Even in areas where tap water is safe to drink, demand for bottled water is increasing—producing unnecessary garbage and consuming vast quantities of energy. Although in the industrial world bottled water is often no healthier than tap water, it can cost up to 10,000 times more. At as much as $2.50 per liter ($10 per gallon), bottled water costs more than gasoline.
October 13, 2007 :: admin :: 3 Comments
Peak oil is described as the point where oil production stops rising and begins its inevitable long-term decline. In the face of fast-growing demand, this means rising oil prices. But even if oil production growth simply slows or plateaus, the resulting tightening in supplies will still drive the price of oil upward, albeit less rapidly.
Few countries are planning a reduction in their use of oil. Even though peak oil may be imminent, most countries are counting on much higher oil consumption in the decades ahead, building automobile assembly plants, roads, highways, parking lots, and suburban housing developments as though cheap oil will last forever.
October 8, 2007 :: admin :: One Comment
Examining the manner in which financial news is reported in the popular media, HotSpring proposes to create a system whereby live-update, rss-technology, and financial and editorial expertise, come together to produce a reliable up-to-the-minute resource for evaluating broad economic trends and engagements, without limiting analysis to single-parameter references like GDP or individual stock indices.
It is often thought that in order to organize ideas or to put some kind of order to any analysis, one needs uniformity, a limited number of generic categories and a single system of uncomplicated parameters by which to categorize each subject under review. But the truth is, this uniformity is not and will not be the rule of any part of lived reality.
September 23, 2007 :: admin :: No Comment Yet
The race to tap large quantities of underground, geothermal energy is heating up. In a recent bid to solve their country’s demand for clean energy, the Swiss are digging deep, and the Earth is responding. A scientist at MIT, in the US, says 40% of US geothermal sources could power the entire country’s energy needs in excess of 56,000 times.
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