Podcast
Gold is currently at $1,674 per ounce, having advanced $75 over the past 5 days. Importantly, from a technical perspective, the gigantic wedge that gold has been tracing out since last August (for over a year now) has been breached to the upside.
We've been tracking this in our podcasts with Mish for a while. This is the most newsworthy advance for gold in…well, a year.
Gold Breaks Out
PREVIEW by Chris MartensonGold is currently at $1,674 per ounce, having advanced $75 over the past 5 days. Importantly, from a technical perspective, the gigantic wedge that gold has been tracing out since last August (for over a year now) has been breached to the upside.
We've been tracking this in our podcasts with Mish for a while. This is the most newsworthy advance for gold in…well, a year.
EcoXPower Kit
by JWIt is always good to keep in mind that neighbors may not understand or like your resiliency building efforts. Be vigilant and mindful to protect your efforts, and use these stories and tips to help include your community into your plans.
http://grist.org/food/keeping-the-peace-between-beekeepers-and-their-urban-neighbors/
Beekeeping in Urban Areas
by JWIt is always good to keep in mind that neighbors may not understand or like your resiliency building efforts. Be vigilant and mindful to protect your efforts, and use these stories and tips to help include your community into your plans.
http://grist.org/food/keeping-the-peace-between-beekeepers-and-their-urban-neighbors/
India’s recent series of power blackouts, in which 600 million people lost electricity for several days, reminds us of the torrid pace at which populations in the developing world have moved onto the powergrid. Unfortunately, this great transition has been so rapid that infrastructure has mostly been unable to meet demand. India itself has failed to meets its own power capacity addition targets every year since 1951. This has left roughly one quarter of the country’s population without any (legal) access to electricity. That’s 300 million people out of a population of 1.2 billion. Indeed, it is the daily attempt of the underserved to access power that may have led to India’s recent grid crash.
But the story of India’s inadequate infrastructure is only one part of the difficult, global transition away from liquid fossil fuels. Over the past decade, the majority of new energy demand has been met not through global oil, but through growth in electrical power.
Frankly, this should be no surprise. After all, global production of oil started to flatten more than seven years ago, in 2005. And the developing world, which garners headlines for its increased demand for oil, is running mainly on coal-fired electrical power. There is no question that the non-OECD countries are leading the way as liquid-based transport – automobiles and airlines – have entered longterm decline.
Why, therefore, do policy makers in both the developing and developed world continue to invest in automobile infrastructure?
The Demise of the Car
by Gregor MacdonaldIndia’s recent series of power blackouts, in which 600 million people lost electricity for several days, reminds us of the torrid pace at which populations in the developing world have moved onto the powergrid. Unfortunately, this great transition has been so rapid that infrastructure has mostly been unable to meet demand. India itself has failed to meets its own power capacity addition targets every year since 1951. This has left roughly one quarter of the country’s population without any (legal) access to electricity. That’s 300 million people out of a population of 1.2 billion. Indeed, it is the daily attempt of the underserved to access power that may have led to India’s recent grid crash.
But the story of India’s inadequate infrastructure is only one part of the difficult, global transition away from liquid fossil fuels. Over the past decade, the majority of new energy demand has been met not through global oil, but through growth in electrical power.
Frankly, this should be no surprise. After all, global production of oil started to flatten more than seven years ago, in 2005. And the developing world, which garners headlines for its increased demand for oil, is running mainly on coal-fired electrical power. There is no question that the non-OECD countries are leading the way as liquid-based transport – automobiles and airlines – have entered longterm decline.
Why, therefore, do policy makers in both the developing and developed world continue to invest in automobile infrastructure?
Executive Summary
- Worldwide, global energy demand is beginning to shift strongly from oil to electricity
- At the same time, developed countries are psychologically wedded to their oil-dependent infrastructure and mostly developing countries are blindly emulating their developed brethren, condemning them to suffer the same vulnerabilities
- World demand for energy supply is proving much less elastic than demand for oil
- Oil is likely soon going to be left to find its true (much higher) price
- As the realization of the grid's importance dawns on economies, expect massive infrastructure investments to follow
If you have not yet read Part I: The Demise of the Car, available free to all readers, please click here to read it first.
China contains 19% of the world’s population and accounts for 21% of the world’s energy consumption. But India, while containing 18% of the world’s population, only accounts for 4.6% of global energy demand. It is not possible that India can call upon oil to fund the next leg of its industrial growth.
For even after we consider the higher marginal utility of oil in the developing world – higher prices are integrated more easily to the economy as each new consumer uses only a small amount of oil – there is simply not enough economically recoverable oil for India to replicate the Western history of car and highway development.
Furthermore, the prospect that hundreds of millions of India’s citizens, already unserved by the powergrid, would turn first to oil consumption is highly unrealistic. Perhaps the government of India wagered that the Great Quadrilateral was needed as a foundational piece of national infrastructure – not as a bet on a future built for automobiles.
Regardless, we have already seen in the data out of countries like China that the mix of energy demand starting last decade began to shift, strongly, from oil to electricity.
The Real Story Is the Rise of the Global Powergrid
PREVIEW by Gregor MacdonaldExecutive Summary
- Worldwide, global energy demand is beginning to shift strongly from oil to electricity
- At the same time, developed countries are psychologically wedded to their oil-dependent infrastructure and mostly developing countries are blindly emulating their developed brethren, condemning them to suffer the same vulnerabilities
- World demand for energy supply is proving much less elastic than demand for oil
- Oil is likely soon going to be left to find its true (much higher) price
- As the realization of the grid's importance dawns on economies, expect massive infrastructure investments to follow
If you have not yet read Part I: The Demise of the Car, available free to all readers, please click here to read it first.
China contains 19% of the world’s population and accounts for 21% of the world’s energy consumption. But India, while containing 18% of the world’s population, only accounts for 4.6% of global energy demand. It is not possible that India can call upon oil to fund the next leg of its industrial growth.
For even after we consider the higher marginal utility of oil in the developing world – higher prices are integrated more easily to the economy as each new consumer uses only a small amount of oil – there is simply not enough economically recoverable oil for India to replicate the Western history of car and highway development.
Furthermore, the prospect that hundreds of millions of India’s citizens, already unserved by the powergrid, would turn first to oil consumption is highly unrealistic. Perhaps the government of India wagered that the Great Quadrilateral was needed as a foundational piece of national infrastructure – not as a bet on a future built for automobiles.
Regardless, we have already seen in the data out of countries like China that the mix of energy demand starting last decade began to shift, strongly, from oil to electricity.
A nice set of recipes and ideas for using those tomatoes from the garden. Or pick up some extras or new varieties from the local farmers market and put up some stored food for later. Build and replenish that deep pantry.
http://www.treehugger.com/easy-vegetarian-recipes/5-tasty-ways-eat-tomatoes-all-year.html
5 Tasty Ways to Eat Your Tomato Harvest All Year
by JWA nice set of recipes and ideas for using those tomatoes from the garden. Or pick up some extras or new varieties from the local farmers market and put up some stored food for later. Build and replenish that deep pantry.
http://www.treehugger.com/easy-vegetarian-recipes/5-tasty-ways-eat-tomatoes-all-year.html