The Gross Society: We’re Entering an Age of Energy Impoverishment

April 30, 2014 at 10:25 am Leave a comment

It’s hard to overstate just how serious a threat our energy crisis is to every aspect of our current way of life. But the problem is hidden from view by oil and natural gas production numbers that look and feel just fine.

While America’s current gross oil production numbers appear rosy, from an energy accounting perspective the figures are frightening: Energy profit margins are declining fast.

…Quite simply, we must learn to be successfully and happily poorer. For people in wealthy industrialized countries, this requires a major adjustment in thinking. When it comes to energy, we have deluded ourselves into believing that gross is the same as net. That’s because in the early days of fossil fuels, it very nearly was. But now we have to go back to thinking the way people did when energy profit margins were smaller. We must learn to operate within budgets and limits.

Read this informative article by Richard Heinberg here.

Advertisements

Entry filed under: Economy, Energy, Peak_Oil.

Creating a Durable Local Economy: Lessons from the Burlington, VT model Cornwall Spring Clean-Up Week

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Make a donation
Find local resources

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 151 other followers

Recent Posts

Transition Network
Transition Initiatives Primer

Archives


%d bloggers like this: