Tag Archives: EROEI

  • Insider

    The Rich Are Planning For Catastrophe

    What do they know that you don't?
    by Chris Martenson

    Friday, July 20, 2018, 7:10 PM

    73

    Executive Summary

    • Why the wealthy are plotting to leave us behind
    • The "madness of crowds" virtually ensures a period of social chaos when the system breaks
    • The media is, and will continue to be, used to manipulate the masses
    • The growing risk of a new kind of civil war in America
    • Preparing today will give you vastly more options tomorrow

    If you have not yet read Part 1: America The Insolvent available free to all readers, please click here to read it first.

    The Wealthy Are Plotting To Leave Us Behind

    In the absence of an official plan, you'd better have your own — something the extremely wealthy are already working on for themselves.

    As the co-founders of Peak Prosperity, Adam and I happen to know and/or interact with quite a few wealthy people who are deeply concerned about the future and taking steps to assure their survival in it.  These people have access to the very best information; they know the system better than your average citizen.  They know what the weak points are and what could go wrong.

    From our observations, it’s safe to say that the more insider-experience an individual has, the greater their concern.

    The least-concerned people are those without much knowledge of the system (i.e., most "regular" folks). Or a weak sense of curiosity. Or, most damagingly, a propensity to get their news from the mainstream media.  Let’s just say that the information available to the “retail crowd” is either incomplete or misleading (and quite often intentionally so).

    What I mean to say more directly is: if you're not already a billionaire and getting access to the very best and most accurate information, you’d do well to….

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  • Podcast

    Steve St. Angelo: Prepare For Asset Price Declines Of 50-75%

    When the debt bubble pops, it's taking everything with it
    by Adam Taggart

    Monday, July 3, 2017, 8:00 PM

    65

    Any sense of prosperity in today's economy is based on a falsehood, claims Steve St. Angelo, proprietor of the SRSrocco Report website.

    Like we here at PeakProsperity.com, Steve is a student of energy. He shares our worldview that net energy per capita has been in steady decline, and a result, future growth will be limited. Also like us, he notes that the "growth" seen over the past several decades hasn't been due to surplus net energy (which makes being able to do more possible). Instead, it has been fueled by debt  — which essentially steals prosperity from the future and consumes it today.

    Any third-grader with a crayon can quickly tell you that kind of scam can't last forever. And it can't. Once the can can't be kicked any further and the next economic and/or financial crisis is upon us, Steve sees today's over-inflated asset prices quickly dropping by a gut-wrenching 50-75%.

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  • Podcast

    Joseph Tainter: The Collapse Of Complex Societies

    What history predicts about our future prospects
    by Adam Taggart

    Monday, June 26, 2017, 3:20 AM

    14

    By popular demand, we welcome Joseph Tainter, USU professor and author of The Collapse Of Complex Societies (free book download here).

    Dr. Tainter sees many of the same unsustainable risks the PeakProsperity.com audience focuses on — an overleveraged economy, declining net energy per capita, and depleting key resources. 

    He argues that the sustainability or collapse of a society follows from the success or failure of its problem-solving institutions. His work shows that societies collapse when their investments in social complexity and their energy subsidies reach a point of diminishing marginal returns. That is what we are going to be talking about today, especially in regards to where our culture is today, the risks it faces, and whether or not we might already be past the tipping point towards collapse but just don’t know it yet.

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  • Podcast

    Art Berman: Don’t Get Used To Today’s Low Oil Prices

    They're a temporary anomaly. Higher prices are ahead.
    by Adam Taggart

    Sunday, May 7, 2017, 7:00 PM

    13

    Oil expert and geological consultant Art Berman returns to the podcast this week to address head-on the question: Was the Peak Oil theory wrong? With the world "awash" in sub-$50 per barrel oil, were all the warnings about persistently higher future oil prices just a bunch of alarmist hand-wringing?

    In a word: No.

    Art explains how the current glut of oil created by the US shale boom — along with high crude output by both OPEC and non-OPEC  producers — is a temporary anomaly. Fundamentally, we are not finding nearly as much oil as we need to continue our demand curve; and at the same time, we are extracting our reserves at a faster rate than ever. That's a mathematical recipe for a coming supply crunch. It's not a matter of if, but when.

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  • Blog
    Peak Prosperity

    Shale Oil – Crash Course Chapter 21

    Expensive. Over-hyped. And short-lived.
    by Adam Taggart

    Friday, November 14, 2014, 11:38 PM

    4

    If you've watch the previous video chapter on Peak Cheap Oil, you may be wondering how any of that could be still be true given all the positive recent stories about shale oil and shale gas , many of which have proclaimed that “Peak Oil is dead”.

    The only problem with this story is that it is misleading in some very important ways. And entirely false in others.

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  • Blog
    Peak Prosperity

    Energy Economics – Crash Course Chapter 19

    THE reason why growth will be more scarce in the future
    by Adam Taggart

    Friday, October 24, 2014, 11:45 PM

    3

    The central point to this latest video is this: as we’ve shown in previous chapters of the Crash Course, our global economy depends on continual growth to function. And not just any kind of growth; but exponential growth.

    But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I’m about to show you is a preponderance of data that indicates those inputs will just not be there in the volumes needed to supply the growth that the world economy is counting on.

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  • Blog
    © Sai Yeung Chan | Dreamstime.com

    Get Ready for Rising Commodity Prices

    Driven by hot money seeking a low-risk haven
    by charleshughsmith

    Wednesday, July 17, 2013, 1:27 AM

    13

    The human mind seeks a narrative explanation of events, a story that makes sense of the swirl of life’s interactions.

    The simpler the story, the easier it is to understand. Thus the simple stories are the most attractive to us.

    But conspiracies and power groups do not always provide comprehensive explanations for what we observe.

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  • Blog
    © Jennbang | Dreamstime.com

    Middle Class? Here’s What’s Destroying Your Future

    Why it's harder than ever to build wealth
    by charleshughsmith

    Thursday, July 12, 2012, 12:36 AM

    7

    According to the conventional account, the Great American Middle Class has been eroded by rising energy costs, globalization, and the declining purchasing power of the U.S. dollar in the four decades since 1973. While these trends have certainly undermined middle-class wealth and income, there are five other less politically acceptable dynamics at work:

    1. The divergence of State/private vested interests and the interests of the middle class
    2. The emergence of financialization as the key driver of profits and political power
    3. The neofeudal “colonization” of the “home market” by ascendant financial Elites
    4. The increasing burden of indirect “taxes” as productive enterprises and people involuntarily subsidize unproductive, parasitic, corrupt, but politically dominant vested interests
    5. The emergence of crony capitalism as the lowest-risk, highest-profit business model in the U.S. economy

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  • Blog

    My Recent Talk at the UK House of Parliament

    by Chris Martenson

    Monday, March 1, 2010, 6:30 PM

    0

    NOTE:  We had some difficulty with the links to this talk which we have now mostly fixed.  There’s no video, but audio for the whole event is now uploaded to this site as are the PDFs links to which are provided below. 

    My recent talk at the House of Parliament was recorded and has just been put up on their website.  A video of the talk itself, a PDF of the slides, and an audio (MP3) recording of the Q&A session are all available.

    I have only watched the video and have not yet listened to the Q&A, so I don’t know if that portion came out at all.  (I imagine that the questions themselves will not have been captured well by the single microphone at the front, so hopefully I remembered to restate the questions like a good presenter should).

    But the video is certainly passably good for a single camera perched on a table off to the side.  If you flip through the slides as I talk, it’s not too hard to follow along, although the slides cannot be seen at all on the mini-screen.

    (Links to everything below)

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