According to a recent headline in The Wall Street Journal,
“There’s No Pill for This Kind of Depression.” The New York
Times adds, “Has a ‘Katrina Moment’ Arrived?” The Globe
and Mail admits 10 of the 11 recessions since 1941 have been
preceded by a spike in the price of oil, and the cover of
Newsweek screams, “We Are All Socialists Now.”
What do these headlines have in common? They all describe the
economic predicament arising from the world passing peak oil four years
ago, and they merely hint at what’s to come. The world has experienced
a .5 percent decline in crude oil supply since passing the peak in May
2005, and the International Energy Agency—which had never
previously admitted that oil would reach a peak in
production—forecasts a 9.1 percent decline, year after
economically punishing year, from 2009 forward.
By the end of President Obama’s first term, if the IEA is correct,
we will be extracting about the same amount of oil we extracted in
1970, when the planet had roughly half as many people, and we were far
less industrialized.
In other words, the Greatest Depression is just getting started. The
industrial economy is slipping through our fingers like mercury from a
broken thermometer. Facing a rapid terminal decline in crude
oil—the lifeblood of Western civilization—there is nothing
you, me or President Obama can do to save the industrial economy.
But as we near the end of the industrial economy, complete with the
collapse of our fuel-, food- and water-delivery systems, individuals
can make arrangements to thrive in the post-carbon era.
My own set of arrangements includes a rural property with moderate
elevation, shallow water, deep soils and a close-to-the-land community
of neighbors. I’m moving full-time to my two-acre rural property when
the spring semester ends. I’ve got gardens to plant, a root cellar to
dig and considerable catching up to do with my new neighbors.
Soon enough, paper money will have little or no value. Water, food,
shelter and community, on the other hand, will become vital currency as
we re-engage with the natural world and our neighbors.
University of Arizona administrators have benefited me by
continually discouraging my pursuit of timely and important topics, and
then disparaging me when I pursued them anyway. My work on energy
decline and its economic consequences represents the best and most
important scholarship of my 20-year career. Ditto for my outreach with
Poetry Inside/Out (see “The Power of Poetry,” Dec. 4, 2008)¸ a
unique program focused on giving voice to historically silenced people
and on connecting incarcerated people with the rest of us. Although I’m
no longer allowed to teach courses in my home department, the teaching
I’m allowed to do, in the classroom and out, is the broadest and most
relevant of my life.
Although university administrators made it easy to flee the
university’s sinking ship, they did not force my departure. They tried
unsuccessfully for a while, before giving in to my tenured status. I’m
leaving on my own terms to live a life close to Earth and close to my
neighbors. Retaining emeritus status at the university will allow me to
voluntarily satisfy commitments to the many students I advise, but my
days teaching in university classrooms and detention facilities are
behind me.
Soon enough, we’ll all be living close to our neighbors and close to
the land that sustains us. I remain hopeful we will power down with the
tranquility of Buddhist monks. But I’ve studied enough anthropology to
know the odds are not in our favor. So my post-carbon community is
small, rural and isolated, a far cry from the shabby rental house near
campus I inhabit during the week. Nearly everybody in my new community
is aware of the looming threats of peak oil and runaway climate change,
and most have been making other arrangements for years.
I’m not romantic enough to believe this transition will be easy, for
me or my community. Indeed, as I leave the cruise ship of empire for a
lifeboat, all I see are dark, choppy seas. But if our species is to
survive in the years ahead—and even thrive—we must embrace
a reality different from the suburbanized, globalized system that
landed us squarely in the massive dilemmas of energy decline and
runaway greenhouse effects.
The alternative is literally
unthinkable. So let’s put our hearts and minds together to think of
something else.
This article appears in May 14-20, 2009.



Dr. McPherson sounds JUST LIKE my father – in 1959! I’ve heard it over and over again: gloom and doom! We’ve had a 0.5% decline in oil production in the last four years, and beginning this year we will experience a 9.1% decline – per year.
What he doesn’t take into account is that there is a tremendous reserve of oil that is only marginal to produce at current prices. A slight price rise will bring those fields online. Yes, a price rise, but it doesn’t need to be that big. THAT is what produced the glut last year, with $4 per gallon gas.
We heard (or, those that were alive at the time heard) the same thing as the world ran out of whales, the predecessor to fossil oil. As the last of the whales disappeared, and the price of whale oil rose, the gloom-and-doom men were predicting imminent collapse of society. But, just around the corner was petroleum.
What’s around the next corner? I don’t rightly know, but Dr. McPherson assumes NOTHING. There are several sources of energy that are only somewhat more expensive than oil. This is why oil companies can’t just raise their prices at will. Yes, it will be more expensive, but no, we won’t all die.
Dr. McPherson said on his blog to read the comments for entertainment, lol! Yes, W Corvi, many ppl have cried “wolf” and “the sky is falling” before but there’s really no alternative to oil. Hydrogen is waaay off, wind can’t make up for oil, coal will cause further global warming, any rise in the price of oil will further damage the economy.
William Engdahl (German economist who wrote many books on the economy) on Ten Years of Economic Hell for America! Prepare for the worst economic disaster to hit America, even worse than the Great Depression!
http://www.youtube.com/watch?v=eqs9ihD3vdI…
What about nuke power? We can drive electric vehicles.
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