Green weekend reading

by frog

A couple of frogblog readers have pointed me to two articles well worth reading for anyone with even a passing concern with the big environmental issues facing us.

First: the end of cheap oil. Writes William Keegan, the Observer‘s senior economics correspondent:

Even the short-term optimists about the US economy are very concerned about the longer term. The big concern is that, with China and India now major consumers of oil, and not showing obvious signs of significant deceleration in their rates of economic growth, the oil price will stay stubbornly high after an expected dip and even go much higher.

The problem worrying officials at the highest level is the gap between known oil resources in the ground (or under the sea) and the rate of extraction. Given the obvious time lags between investment in new extraction facilities and delivery to those great tankers, a serious gap in supply can be envisaged over the next five years.

Of course, there will be those who say, “Fine: it’s about time we all faced up to a future world without oil. And why shouldn’t these Opec countries invest in extraction facilities at a pace to suit themselves?”

Fair enough. But in a world economy still hooked on oil – even if the ratio of energy use to GDP is now half what it was in the 1970s – there could be trouble ahead.

Second: climate change. BBC environment correspondent Richard Black writes:

The area covered by sea ice in the Arctic has shrunk for a fourth consecutive year, according to new data released by US scientists.

They say that this month sees the lowest extent of ice cover for more than a century. The Arctic climate varies naturally, but the researchers conclude that human-induced global warming is at least partially responsible. They warn the shrinkage could lead to even faster melting in coming years.

Also, the New York Review of Books has an interesting article on how big a blow the loss of New Orleans would be to the United States:

New Orleans is not optional for the United States’ commercial infrastructure. Vulnerable to inundation, it is a terrible place for a city to be located, but exactly the place where a city must exist. With that as a given, a city of some kind will return there because the alternatives are too devastating. The harvest is coming, and that means that the port, or part of it, will have to be opened soon. The port area will have to be cleared, by herculean effort if necessary. As in Iraq, premiums will be paid to people prepared to endure the hardships of working in New Orleans. But in the end, the city will return because it has to.

Happy reading, and have a good weekend. I’ll be back tomorrow morning with reaction to the specials.

frog says

Published in Environment & Resource Management by frog on Fri, September 30th, 2005   

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