Author Archive

End of the Oilocene: the roar of the oil-fizzle dragon king

Sep 20, 2018 No Comments by
"Ireland’s policymakers exist in an insulated bubble; congratulating themselves on reducing the debt-GDP ratio and high employment due to the sleight of hand of low corporate tax rates, " writes Tim Clarke. He argues that Ireland is hugely vulnerable to a global financial crash triggered by net energy decline, coupled with rapidly rising extreme global debts and many other factors: "Talk of a 'Celtic Phoenix' excites dull short memories, and another property bubble is in the making."
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End of the “Oilocene”: The Demise of the Global Oil Industry and of the Global Economic System as we know it.

Jan 22, 2017 10 Comments by
Tim Clarke draws on recent research on fossil fuel extraction to argue that the global oil industry in deep trouble. Since oil plays such a key role in the world economy, since 2008 any semblance of economic growth has been fuelled by astronomically greater quantities of debt . The challenge Ireland and other countries will soon face is managing a fast economic and energy contraction and implementing sustainability on a massive scale whilst maintaining social cohesion.
Briefing Papers Read more