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Image | The Obama Administration’s Natural Gas Policy Is Tragically Misguided
The Obama Administration’s Natural Gas Policy Is Tragically Misguided
by Chris Martenson

The Obama administration has come out in support of the idea of exporting U.S. natural gas.  This stance is counterproductive, short-sighted, and if followed will prove harmful to domestic manufacturing (i.e., value generation) – not just now, but for future generations of Americans.

While exporting natural gas would certainly prove to be an economic boon for a very select minority of companies and individuals, it makes no sense from an energy standpoint and undermines our national interests. All it will do is enrich a few, while boosting prices for all domestic consumers and shortchanging the energy and environmental inheritance we pass along to our children.
The Obama Administration’s Natural Gas Policy Is Tragically Misguided
 by Chris Martenson

The Obama administration has come out in support of the idea of exporting U.S. natural gas.  This stance is counterproductive, short-sighted, and if followed will prove harmful to domestic manufacturing (i.e., value generation) – not just now, but for future generations of Americans.

While exporting natural gas would certainly prove to be an economic boon for a very select minority of companies and individuals, it makes no sense from an energy standpoint and undermines our national interests. All it will do is enrich a few, while boosting prices for all domestic consumers and shortchanging the energy and environmental inheritance we pass along to our children.
Image | Gregor Macdonald: What the End of Cheap Oil Means
Gregor Macdonald: What the End of Cheap Oil Means
by Adam Taggart

On the heels of Chris' recent report clarifying the global net energy predicament, he and PeakProsperity.com contributing editor Gregor Macdonald sit down to talk in depth about the broken relationship between energy costs and economic growth.

For much of the twentieth century, the developed world saw a steady march upwards in wages and living standards, due primarily to huge quantities of cheap, high-yielding liquid hydrocarbon. As we find ourselves bumping along the plateau of Peak Oil's apex, suddenly we find "growth" is a lot harder to come by.

Gregor Macdonald: What the End of Cheap Oil Means
 by Adam Taggart

On the heels of Chris' recent report clarifying the global net energy predicament, he and PeakProsperity.com contributing editor Gregor Macdonald sit down to talk in depth about the broken relationship between energy costs and economic growth.

For much of the twentieth century, the developed world saw a steady march upwards in wages and living standards, due primarily to huge quantities of cheap, high-yielding liquid hydrocarbon. As we find ourselves bumping along the plateau of Peak Oil's apex, suddenly we find "growth" is a lot harder to come by.

Image | The Dawn of the Great California Energy Crash
The Dawn of the Great California Energy Crash
by Gregor Macdonald

California, which imports over 25% of its electricity from out of state, is in no position to lose half (!) of its entire nuclear power capacity. But that’s exactly what happened earlier this year, when the San Onofre plant in north San Diego County unexpectedly went offline. The loss only worsens the broad energy deficit that has made California the most dependent state in the country on expensive, out-of-state power.
The Dawn of the Great California Energy Crash
 by Gregor Macdonald

California, which imports over 25% of its electricity from out of state, is in no position to lose half (!) of its entire nuclear power capacity. But that’s exactly what happened earlier this year, when the San Onofre plant in north San Diego County unexpectedly went offline. The loss only worsens the broad energy deficit that has made California the most dependent state in the country on expensive, out-of-state power.
Image | Coal: The Ignored Juggernaut
Coal: The Ignored Juggernaut
by Gregor Macdonald

Oil, natural gas, and alternatives dominate the headlines when it comes to energy. But there's a big and largely-overlooked revolution occuring with the energy source likey to become the most preferred fuel for a world in ecomomic decline: coal.

The United States coal sector has been hit very, very hard this spring. Demand has been crushed by over 10%, as warm weather and bountiful supplies of cheap natural gas have induced power plant operators and all other users where possible to switch away from domestic coal. The rapid change in fortune has sent the stock prices of big, listed names such as Peabody and Arch down by double digit percentages, as the Dow Jones US Coal Index has fallen below 160 from above 225 at the start of 2012.

Coal: The Ignored Juggernaut
 by Gregor Macdonald

Oil, natural gas, and alternatives dominate the headlines when it comes to energy. But there's a big and largely-overlooked revolution occuring with the energy source likey to become the most preferred fuel for a world in ecomomic decline: coal.

The United States coal sector has been hit very, very hard this spring. Demand has been crushed by over 10%, as warm weather and bountiful supplies of cheap natural gas have induced power plant operators and all other users where possible to switch away from domestic coal. The rapid change in fortune has sent the stock prices of big, listed names such as Peabody and Arch down by double digit percentages, as the Dow Jones US Coal Index has fallen below 160 from above 225 at the start of 2012.

Image | The Race for BTUs
The Race for BTUs
by Gregor Macdonald

The world's major central banks — including the Bank of Japan (BOJ), the European Central Bank (ECB), and the Federal Reserve — appear to have finally won a major battle in the deflationary war that broke out five years ago in 2007. While the ultimate victor is yet to be determined, it now seems likely that a period of nominal growth could ensue for another two years, perhaps even longer.

This will not be high-quality growth. And little of the growth will be real.

Commodity prices will surely eat away at most, if not all, of any gains that may occur in global GDP. Additionally, while non-OECD growth actually has a chance of achieving some GDP gains in real terms, the prospects for the OECD are not as encouraging.

 
The Race for BTUs
 by Gregor Macdonald

The world's major central banks — including the Bank of Japan (BOJ), the European Central Bank (ECB), and the Federal Reserve — appear to have finally won a major battle in the deflationary war that broke out five years ago in 2007. While the ultimate victor is yet to be determined, it now seems likely that a period of nominal growth could ensue for another two years, perhaps even longer.

This will not be high-quality growth. And little of the growth will be real.

Commodity prices will surely eat away at most, if not all, of any gains that may occur in global GDP. Additionally, while non-OECD growth actually has a chance of achieving some GDP gains in real terms, the prospects for the OECD are not as encouraging.

 
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