The Paradox of Renewables: A Fossil-Fuel-Dependent Future

by ChatGPT The vision of a future powered entirely by renewable energy is often depicted as a world free from the environmental and economic shackles of fossil fuels. Solar panels glistening in the sun, wind turbines gracefully turning on the horizon, and hydroelectric dams silently generating power from flowing rivers create a compelling image of …

A YOUNG PERSON’S GUIDE TO THE ECONOMY

If we’re to understand economic trends, we need to recognize that there are two economies, not one. These are the “real economy” of material products and services and the parallel “financial economy” of money, transactions, and credit. Tim Morgan’s Guide to the Economy provides an explanation of what is REALLY going on. We will find …

The Replacement of Renewables

The following are copies of an exchange of comments on Tim Morgan’s Surplus Energy Blog confirming my view that the current policies being followed worldwide are misguided. ***** The resource requirements for RE expansion and replacement are enormous and would place vast demands on the legacy FF energy needed to access and process them.  Even …

The liberal international order is slowly coming apart. Its collapse could be sudden and irreversible…

“The liberal international order is slowly coming apart. Its collapse could be sudden and irreversible… “For years the order that has governed the global economy since the second world war has been eroded. Today it is close to collapse. A worrying number of triggers could set off a descent into anarchy…” https://www.economist.com/leaders/2024/05/09/the-liberal-international-order-is-slowly-coming-apart

UK Biochar Research Centre

https://www.biochar.ac.uk What is Biochar? Copied from the Reseach Centre’s website: Heating biomass in a zero-oxygen environment to temperatures of 250°C or greater yields energy-rich gases and liquids, and a solid charcoal, or char. When this char has been produced specifically to have beneficial effects – for example as a soil improver or to store carbon – we call this …

This Earth Day: By Richard Heinberg

This Earth Day, I find myself thinking about Star Trek. And not in a good way.When I was a teenager I watched episodes of Gene Roddenberry’s classic original TV series multiple times—on original broadcast, reruns, and video rentals. I thought it was a little cheesy, but entertaining and, at its best, thought-provoking. When, in 2021, …

Do discretionary and essential spending and markets apply to localism?

Question:  Will the concepts of discretionary and essential spending and markets apply in localism when the economy is based on families and extended families? ChatGPT Yes, even in a localism-based economy centred around families and extended families, the concepts of discretionary and essential spending and markets would still apply. Here’s how: Discretionary and Essential Spending: …

Banks Unwilling To Finance $5 Trillion Global Nuclear Development

https://oilprice.com/Alternative-Energy/Nuclear-Power/Banks-Unwilling-To-Finance-5-Trillion-Global-Nuclear-Development.html “The project risks, as we have seen in reality, seem to be very high,” said European Investment Bank Vice President Thomas Ostros, adding that countries need to focus more on renewables and energy efficiency. Ines Rocha, a director at the European Bank of Reconstruction and Development, and Fernando Cubillos, a banker at the Development …

Thinking about the future

When thinking about the future, the following facts have to be taken into account: The climate is changing and will continue to do so. Fossil fuels and derivatives will become increasingly expensive and unaffordable. The UK economy is shrinking and will continue to do so indefinitely. As a result: Prosperity is declining. Discretionary spending and …

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