Interview with Financial Sense 6-5-2010
I appeared on the Financial Sense with Jim Pupalava program today to discuss why officials, the media, and the oil industry have been so lagging in their responses to peak oil; the deep institutional and cultural denial about the implications of peak oil on economics; and the need to reinvent our economic theory and cultural ideals.
For background material on this discussion, see my recent articles:
195 Californias or 74 Texases to Replace Offshore Oil
Another Wake-Up Call for the World’s Biggest Oil Junkie
Officials Wake Up To Peak Oil, Part 1
Officials Wake Up to Peak Oil, Part 2
You can download the show (1 hour) here:
RealPlayer | WinAmp | Windows Media | MP3
My segment is at the top of the program.
A very solid effort. I’d sure love to see you in a debate with an oil cornucopian.
You mentioned at some point an economist who is starting to deal with scarcity economics or some such. I should have written it down. Could you repeat that here, so that I don’t need to listen again to find it?
Comment by Ron Shook — June 17, 2010 @ 1:53 am
Certainly. I was referring to the emerging study of biophysical economics (which goes by several other names), which is based on EROI studies. Some scholars in this area are Dr. Charles Hall, his grad student David Murphy, and Cutler Cleveland.
Comment by Chris — June 17, 2010 @ 9:04 am