Just Stop Oil !? Part 2 - Oil is the Economy | Frankly #39
The Great Simplification with Nate Hagens
Nate Hagens
4.8 • 553 Ratings
🗓️ 28 July 2023
⏱️ 31 minutes
🧾️ Download transcript
Summary
In Part 2 of this Frankly Series, Nate breaks down why energy - and specifically oil - is currently the central foundation of our entire modern economic system. There are ecological and energetic laws that apply to all life, including humans and our economies. By accessing a huge surplus of dense carbon energy in the form of fossil sunlight, we've effectively turbo-boosted our economies, populations, and material wealth - but what happens if this fossil abundance were to go away? What are the systemic implications of an economy tethered to growth, tethered to carbon? Is it even possible for us to choose to stop using oil? How do these complex constraints on our global systems affect the options - and most likely outcomes - in a future with declining oil availability and rising climate insecurity?
For Show Notes and More: https://www.thegreatsimplification.com/frankly-original/39-just-stop-oil-part-2-oil-is-the-economy
To Watch on YouTube: https://youtu.be/-585aVUNz68
Transcript
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| 0:00.0 | Greetings. This is going to be part two of a series on Just Stop Oil. First, some housekeeping. I've got some |
| 0:12.8 | amazing podcast coming up, Kevin Anderson next week, followed by Financial Energy Commentator |
| 0:19.9 | Doomberg, followed by French energy expert Jean-Marg Jancovici, |
| 0:27.2 | followed by philosopher Ian McGilchrist. Some of these are just fantastic episodes. |
| 0:34.7 | Click subscribe if you haven't already, and please look forward to those. |
| 0:43.8 | Okay, it is with some trepidation that I arrive at part two in this Just Stop oil series. |
| 0:51.7 | After these next two videos, you may subscribe and then hit unsubscribe. |
| 0:58.0 | A word of caution or a word of authenticity. |
| 1:03.0 | I am not in these next two videos advocating for what we should do. |
| 1:08.0 | I am trying to observe and describe our situation. It is my deep belief |
| 1:14.9 | that describing the constraints of our situation eventually will inform better decisions, |
| 1:21.7 | better plans, better preparation. And I don't know if Nora would chastise me for saying this, but better emergence. |
| 1:32.7 | Okay, so last week briefly, we looked at the systemic implications of the serial refining of oil |
| 1:42.7 | and that if we suddenly didn't need gasoline, we would still need |
| 1:47.1 | roughly the same amount of oil because of the power and relevance of the middle distilates |
| 1:51.5 | and the asphalt, bunker fuel, plastic precursors, etc. Today I'm going to explain why, |
| 1:59.3 | at least for now, oil is the economy. And what I'm going to explain why, at least for now, oil is the economy. |
| 2:02.6 | And what I'm going to talk about next week is 10 pathways to post-growth economies, which would use less oil and fossil fuels. |
| 2:12.6 | So today is going to be a little bit of a long reflection. I hope I can remember everything. |
| 2:19.7 | I'm going to start by doing a whirlwind recap of the importance of energy and particularly |
| 2:25.6 | oil to our societies. |
| 2:28.3 | And then I'm going to talk about 10 systemic inferences. |
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