Jim Kunstler on the Bail Out and What’s Next

Jim Kunstler, author of The Long Emergency, has been predicting today’s financial catastrophe for a few years now so it’s no surprise that his blog is loading slowly this morning. The people want to know: What’s going to happen next?

What the
mainstream is truly missing here en masse is that another tsunami is
building right behind the finance fiasco, and that it will render moot
the whole reeking cargo of schemes and wishes that comprises the Great
Bail-out. I am speaking of the global oil problem. In fact, the
problems in banking and money currently roaring in the center ring of
the world circus, can be described categorically as a product of the
oil problem — since oil is the primary resource of industrial
economies and therefore the motive force behind our ability to generate
"wealth." Without reliable and ever-growing supplies of oil, there is
no industrial growth, and without industrial growth things like capital
investment instruments lose their legitimacy. That is why the
Frankenstein family of Ponzi securities was invented in the first place
— to compensate for the demise of industrial growth by creating wealth
out of… nothing!


St. Louis Blogger Tells Kunstler He Got It Wrong

Steve Patterson, the writer of Streetsblog Network member blog UrbanReviewSTL, has long been a fan of anti-sprawl guru James Howard Kunstler. But Patterson takes issue with Kunstler in a post today about the new St. Louis Amtrak station, a multimodal facility that also serves as a bus depot and light rail link. Kunstler just named […]

Pseudo-Environmental Hummers

A lone Hummer driver with a conscience? At first glance, it seems so. But this is actually becoming something of a trend: Everyone who is pitching an alternative fuel these days is using a Hummer to make his or her point. And the reason is obvious. Everyone knows that Hummers are the most gas guzzing private vehicles on […]

Dodd’s Livability Bill Earns Praise from Local Governments

With financial reform nearly complete, the Senate Banking Committee turned its attention today to one of Senator Chris Dodd’s (D-CT) next priorities, the Livable Communities Act. Local government came out strong for the initiative to promote sustainable and integrated regional planning, with representatives of the nation’s cities, towns, counties, and regional planning organizations testifying in favor. Among committee members, […]

Conference: The Economics of Oil Demand

The sixth annual international conference of the Association for the Study of Peak Oil & Gas (ASPO) comes at a time of increasing concern over the security of our oil supplies with the fear that after a century and a half of growth the industry is facing what is known as ‘peak oil’, the point […]