Observing the renewable energy transition from a European perspective

Archive for the category “collapse”

Let Greece Pay With Oil

Greece has “at least” $600 billion worth of gas and oil reserves beneath its territorial waters, according to a new study presented to Prime Minister Antonis Samaras within the last few months. Reuters has also confirmed the story. Well then, that could lead to a perfect solution for Greece’s debt woes… why not exchange a large chunk of the debt Greece has with its northern European partners in exchange for oil concessions? Everybody happy. Greek pride is restored as it is able to pay off its debt after all and northern Europe can finally concentrate in teaching the Greeks how to pay taxes, if Greece really wants to become a serious European nation. Currently Greece has ca. $400 billion debt. Why not write off half of it in exchange for Aegean oil and gas. Everybody happy. Letting Greece get away with a default is no option as it creates a very bad precedent for other debtor nations and finally the entire financial system.


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Dmitry Orlov: Peak Oil Lessons From The Soviet Union

Dmitry Orlov experienced the collapse of the USSR first hand. He sees a similar crash coming for the US.


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Energy will become unpayable for lower incomes

Statement made by Dutchman Peter Terium, CEO of RWE, a giant energy supplier from Germany. He might be right but for the wrong reasons as he blames ‘the desire to move away from fossil fuels’ for the increased cost of energy, stubornly ignoring that depletion of said fossil fuels is behind the ‘desire’ to find alternatives.


The 100 year old picture shows immigrant children in the US. Scenes like this soon in a street near you?

Dennis Meadows

Dennis Meadows in 1972 was a prominent member of the Club of Rome. On March 1, 2012 a symposium celebrated 40 years of ‘Limits to Growth‘, one of the most influential environmental studies of the 20th century. Meadows no longer believes in sustainable development, it is too late for that. Meadows currently holds that collapse is now all but inevitable, but that its actual form will be too complex for any model to predict. “Collapse will not be driven by a single, identifiable cause simultaneously acting in all countries,” he observes. “It will come through a self-reinforcing complex of issues”—including climate change, resource constraints and socioeconomic inequality… As scarcities mount and inequality increases, revolutions and socioeconomic movements like the Arab Spring or Occupy Wall Street will become more widespread—as will their repression. [source].

[] – “There is nothing we can do” – Meadows

MIT Predicts That World Economy Will Collapse By 2030

Well, well, punctual with the arrival of spring some sensible thoughts make it to the surface in the garden of the Smithsonian. It is almost fourty years ago that the Club of Rome published its landmark report The Limits To Growth. An Australian physicist Graham Turner compared the findings of the 40 year old report with the actual data and he found the predictions “nearly matched the facts“. We here at deepresource consider 2030 as the MIT date that the world economy will collapse as rather optimistic and we guess that 2015-2020 will be more accurate. We will see.


The planet’s human carrying capacity

This is a post we would prefer not to write. It is one thing to predict that the price of car fuel will increase dramatically in the coming years (as we do predict), presenting a model that forcasts the premature deaths of billions of people is something entirely different. We do it anyway to illustrate the gravity of the current situation in the hope that the predicted outcome will not materialize. The model presented is from 2007. It is a truism that we would not have problems resulting from resource depletion if there were not so many people around on this planet. But there are. The model is based on core ecological concepts of sustainability, carrying capacity and overshoot. The aim of the model is to calculate how large a stable human population can be that can live for thousands of years without harming the environment or running out of resources. Read more…

Niall Ferguson: Empires on the Edge of Chaos

British historian and author Niall Ferguson predicts a rapid collapse of the American empire as a consequence of unsustainable debt levels. This is remarkable as Ferguson is an enthusiastic advocate of a new American empire. Video in 8 parts.

Collapse – Michael Ruppert

Classic presentation of the impending peak-oil catastrophe by Michael Ruppert in 2009 (81 minutes).

[IMDb – Collapse]
[Wikipedia – Michael C. Ruppert]
[] – Michael Ruppert’s current web platform.
[Michael Ruppert in March, 2012]

World3 computer model

Output from the World3 computer model.

Prof. Ugo Bardi of the University of Florence is an authority on the Club of Rome’s much maligned but now vindicated “Limits to Growth” model, having provided it with a recent book-length update. Ugo Bardi concludes that the computer model from 1972 is reasonable accurate.

[Wikipedia – Limits to Growth]
[Amazon – Limits to Growth Revisited]
[Club Orlov]

Olduvai Theory

Theory that predicts that in 2050 the planet Earth will inhabit merely 2 billion people as a consequence of resource depletion. And that man will return to the stone age eventually. We respectfully disagree with that latter notion.

Richard C. Duncan
[Die Off – 1996]
[oilcrisis – update 2006]

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The (End of the) Petrodollar System

To explain this situation [rise of the petrodollar] properly, we have to start in 1973. That’s when President Nixon asked King Faisal of Saudi Arabia to accept only US dollars as payment for oil and to invest any excess profits in US Treasury bonds, notes, and bills. In exchange, Nixon pledged to protect Saudi Arabian oil fields from the Soviet Union and other interested nations, such as Iran and Iraq.

2012 might end up being most famous as the year in which the world defected from the US dollar as the global currency of choice.


According to this video, that goes hand in hand with the previous article, the dollar will collapse when the petro-dollar system will collapse. Likely 2012 or a little later.

Discussion of the merits of this video in this [forum thread].

Howard Kunster – Jive Talk

Howard Kunstler caustic as ever about American society, its leadership and its refusal to see what is coming.

Nicole Foss on Peak Energy

Nicole Foss, who under the pen name Stoneleigh co-edits the Automatic Earth website, just did a long-form interview with an Italian magazine where she lays out her peak energy, societal collapse thesis in the coherent, accessible way that fans of her writing have come to expect.

[Dollar Collapse]

[Interview] with both Nicole Foss and Jeff Rubin.

German Army Predicts Global Collapse In Ten Years

Food security according to leaked report German army peak-oil study group:

Source pic as well as summery report:
[Spiegel – summary in German/English]

P.S. 23-11-2012: full report in English here [mirror]. Interesting note on page 68: “Implications for Germany: In view of the dominant role these countries play in German imports, stable and reliable supply relationships with the “northern dimension” of the Strategic Ellipse, in particular with Russia, will continue to play a central role in shaping German energy relations.“. In other words expect Germany to turn eastwards, where the remaining resources are.

Core concept Bundeswher study: “strategic ellipse“, that is territory with 74% planetary conventional oil and 70% dito gas.

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