Surviving Capitalism (Not) : The Myth That the US Will Soon Become an Oil Exporter

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Sunday, April 22, 2012

The Myth That the US Will Soon Become an Oil Exporter

Click here to access article by Gail Tverberg from The Oil Drum.

The author keeps trying to correct misleading claims regarding oil production by mainstream media and political figures. It's all about the complex nature of imports, refining, heavier and more expensive oil, and biofuels. She sorts it all out for us to provide a much more accurate picture.

Disregarding all the environmental costs (and, we can't really!), the implications for economic growth, on which the capitalist system depends, is not very favorable. The cheap, easily accessible oil is rapidly disappearing.