Posts Tagged ‘UK’

Is There Enough Oil to Pay Our Debt?

Posted by Jeff Rubin on January 5th, 2011 under SmallerWorldTags: , , , , ,  • 49 Comments

2010 left us all with a mountain of debt. Whether you’re a taxpayer in the UK, Ireland or the US, it must already be pretty clear that you’re on the hook for a lot of IOUs borrowed from your future. You may not have borrowed the money yourself, but your government has already done it [...]


German and British taxpayers are beginning to realize the downside of our economic interdependence in the global economy. When British banks have too much exposure to Irish banks, all of a sudden Dublin’s property crash becomes the UK’s problem. Similarly, when German taxpayers have to bail out bankrupt governments in Athens and Dublin, Greece and [...]


The optimism typically found in the International Energy Agency’s annual World Energy Outlook report is strangely missing this year. Instead, the IEA is taking a far more sober perspective on the world’s oil-consuming future due to our ever-greater reliance on costly unconventional oil sources. Output from currently producing fields is projected to fall precipitously, looking [...]


Germany and the UK Prepare for Peak Oil

Posted by Jeff Rubin on September 15th, 2010 under SmallerWorldTags: , , ,  • 8 Comments

Why are the folks at the Bundeswehr Transformation Centre, a German military think-tank, already planning for peak oil? Probably for the same reason the British Department of Energy, in concert with the Bank of England and the British Department of Defense, has ordered similar—and equally secret—studies on its impact. Despite repeated government assurances to the [...]


The G8: The World Economy’s Biggest Brake

Posted by Jeff Rubin on July 7th, 2010 under SmallerWorldTags: , , ,  • 4 Comments

If it’s true that the economies of the EU and US are headed for a double dip, what will put them into a second recession is exactly what got them out of the last one. Only a year ago, G8 leaders were congratulating themselves as their coordinated stimulus packages jointly lifted their economies out of [...]