As promised, I’m posting both parts of my new article on China and coal today as a single piece. Part 2 went out yesterday on Energy and Capital.
For those of you who tried to check in to my blog in the last 24 hours or so, my apologies. Apparently my blowing ISP’s database server went down and corrupted some of my blog’s tables, which they refused to help me correct, and it was only with the help of a friend that I got it going again today.
Because my current ISP is going out of business as of November, I’m in the process of transitioning to a new host and, at the same time, switching over to WordPress from Geeklog as my blog platform. Hopefully we’ll have that done some time next week. In the meantime, “please excuse the dust” and don’t give up on GRL!
Important note about email delivery of GRL: Email delivery of GRL will also be changing after the move. Instead of emailing blog updates to you directly–which has resulted in over half of my subscribers getting blacklisted by dumb email services like Yahoo which make it impossible for me to get whitelisted again, even though everyone opted in voluntarily–blog updates can be mailed to you via Feedburner. On the plus side, many subscribers will once again be able to get GRL emailed to them, but unfortunately everyone will have to sign up again to get it. More details to come when I have them.
I recently did an interview with Chris Morrison of Venture Beat, which was published today there and elsewhere (including The Industry Standard). I’m reposting it here.
It’s a condensed summary of what was a pretty long (and technically challenged) interview by cellphone, and all the words are his, not mine. But I think he did a good job of representing what I said, and I always appreciate the additional coverage.
We are really running out of time to get moving on the inevitable transitions ahead. We need to get the story of energy transition out there into the public a lot more than we are. I just heard today that at a recent convention in Norway of some 6,000 geologists from 170 countries, the presentations by peak oil gurus Colin Campbell and Jean Laherrere had paltry audiences, and it appeared that a large part of the conference attendees had no clue about peak oil. I could say the same, by the way, for some of the cleantech and renewable energy conferences I’ve been to. If that doesn’t tell you we’re in trouble, I don’t know what will…
I have to give a shout out to Chris Martenson for his Crash Course. It’s an outstanding online video presentation telling you all you need to know about money, the economy, where we’re going, and how we got here. Rarely does such a complex subject get such a simple and accurate treatment. The next chapter (still to come) is about peak oil, and I’m looking forward to seeing it!
It will take you about 2.5 hours to get through the 16 short segments, so you can watch a new segment whenever you’ve got about five minutes to spare if you like. But I highly recommend it–I’d call it must-see material. Watch it, grok it, blog it, digg it, send it to your friends!
The last few weeks have really had me scratching my head and wondering, “What the hell is going on here?” The markets have been behaving exactly the opposite of what any rational read of the facts might suggest.
As we have predicted repeatedly in these pages, the fallout from the mortgage crisis has continued for the top names in finance: USB, Merrill, JPMorgan, AIG, Goldman, Wachovia, Morgan Stanley, HSBC, Citigroup, and on and on. Not just writedowns, but buying back their crap securities, raising more capital, and generally fighting for their survival. Meanwhile, the losses of Fannie and Freddie have been socialized, with a massive taxpayer-funded bailout.
And how did the markets react to this terrible news? The financials boomed, rising about 15% since the bottom on July 15, with some players like Merrill Lynch rising 32% in the first five trading days of the rebound. (more…)
It’s been a very long wait, but my videocast interview with the Australian Broadcasting Corp on June 3rd is finally online. The topic was the problems facing the airline industry due to rising fuel costs. You can view it here.
It was a very technically challenged interview. I was alone in a videoconferencing room in San Francisco with only video of myself, a telephone at my side with the interviewer’s audio, another telephone line ringing constantly in the background (only on my end), and a signficant delay. The uplink quality wasn’t very good either. But it was my first international media appearance, so I’m blogging it for posterity.
Of Ghosts, Unicorns and Energy Policy: Will Arctic Oil, Natural Gas, MIT, Paris and Pickens Save the Day?
In my regular article for Energy and Capital this week, I examine some of the popular new solutions to the energy crisis and attempt to figure out if they’re real or fantasy.
I have several updates today, to catch you up with my busy East Coast trip last week. First is my Energy and Capital article for last week, which discussed my appearance on the Tech Ticker show.
More to follow…
My book was reviewed twice by the Seeking Alpha financial site/newsletter in the last week:
“Profit from the Peak: An Enjoyable Read About Our Energy Problems”
I have re-posted both reviews below.
I did a 53-minute interview with Jim Puplava on his Financial Sense Newshour show last week, which was posted online this past Saturday. Jim is one of the few financial journalists I am aware of who really gets peak oil, and he has done numerous long-format, high-quality interviews with experts like Matthew Simmons. In a world of sound bite journalism, it’s a rare pleasure to be able to talk at length on the subject with a guy who really knows his stuff. You can listen to the interview at the link above, or download it here.