Assorted Musings on Collapse, pt 2

#272: “Peak almost everything”, part two. Tim Morgan, Surplus Energy Economics. March 7, 2024.

WINNERS AND LOSERS

It’s been said that “horse-sense” is the innate wisdom that prevents horses from putting bets on human beings.

I’m not a betting man myself, but we can all see the benefits that must accrue from knowing the outcome of a race before any wagers have even been placed. Those benefits can be greater still if all the mainstream pundits carry on tipping the wrong result.

This is the position that we’re now in, and my aim here is to explain, in brief, why this is.

The long-running contest between the economic orthodoxy and the energy-based alternative is ‘all over bar the shouting’ (though there will be plenty of that), and the energy argument has won.

Anyone who understands the economy as an energy system has an inside track over anyone – the majority – who still believes that economics is the study of money.

Thus understood, asset markets are partying at the end of growth. Governments, corporations and investors are planning for a future that cannot happen. The public is increasingly angry with politicians who promise what cannot possibly be delivered.

The background, at its briefest, is that conventional economics insists that the economy can be explained and understood in terms of money alone. If this were true, it would mean that there need never be any end to economic expansion.

The opponents of this orthodoxy, though they may disagree amongst themselves on many other things, share the insight that, on the contrary, ‘infinite economic growth on a finite planet’ is an impossibility, and that prosperity is a material concept, traceable to the characteristics and behaviour of energy, natural resources and the environment. 

The nature of growth

The battleground here is growth. If the orthodoxy was right, growth should be continuing but, in any meaningful sense, it is not. Momentum – the trend-line of the economy – should be rising or, at the very least, constant, but it has long been heading downwards.

Such meagre “growth” as is still being reported is cosmetic, being faked by the reckless injection of credit into the system.

If, in order to deliver one dollar, euro, yen or pound of growth, we have to create more than one dollar, euro, yen or pound of new credit, part of any reported growth is being faked. Using the narrow definition of formal debt, each dollar of global growth has, over the past twenty years, been accompanied by $3.20 of net new borrowing.

On a broader basis, including the credit assets of the NBFI (“shadow banking”) system for which data is incomplete, the ratio of credit expansion to growth is probably well in excess of 7:1.

This, of course, cannot continue in perpetuity. The end result must be default, and a loss of faith in the value of fiat money.

These divergences are illustrated in Fig. 1, from which it will be apparent that the gap between debt and GDP has widened to the point of unsustainability, with average “growth” of 3.5% over the past twenty years manufactured by borrowing at an annual average rate of 11% of GDP. The situation with regard to broader financial liabilities is even worse. ..........

Short Takes — 13: I realize I’m asking a LOT of you, my readers. Richard Crim. March 1, 2024.

I KNOW, I sound like a “crazy” person.

I’m telling you “Climate Science” is BROKEN and the Climate Apocalypse has started. I’m telling you to ignore the mainstream voices and narratives you will hear on television, social media, and the news.

I am “arrogantly” claiming that I “see” what’s happening and understand the Climate System better than almost any other commentator\analyst currently writing.

And, I am asking you to believe me.

Almost no one else agrees with my analysis.

For now.

In five years they will. They will have no choice, in five years it will be obvious I am right.

RIGHT NOW.

Listening to me, believing in my analysis, accepting the validity of what I am saying, is asking a LOT of you, my Readers. I’m telling you that it’s going to get twice as hot, twice as fast than anyone expected.

I’m telling you that the Elites fucked up “big time” and our civilization is about to Collapse.

Asking you to take me seriously is a “BIG ASK”, it’s a lot.

In my next article I am summing up where the data has taken me and what I “see”. Spoiler Alert, it’s not good and it’s going to be FAST.

.............

Don’t read it unless you want to know how bad it’s going to be.

...........

Because the consequence of ACCUMULATION is AMPLIFICATION it has been understood since 1974 that the Poles would warm up faster than the rest of the planet. They have always been our planetary “sacrifice zones”.

..........

Now we know, the GISS model was WRONG and STILL IS.

The Oceans hold onto HEAT about twice as efficiently as the Moderates assumed they would. About twice as much HEAT as the Moderates projected would reach the Poles, is actually what/s happening.

The Moderate Faction in Climate Science, the ones we have been listening too since the 80’s. THEY GOT EVERYTHING WRONG.

.......

Assorted Musings on Collapse

******* The #1 Reason I Became A Doomer. Alan Urban, Collapse Musings. Jan. 16, 2024.
We're not doomed because of climate change, resource depletion, or biodiversity loss. We're doomed because human nature made those things inevitable.

There are many reasons I became a doomer.

Climate change is accelerating and governments aren’t taking it seriously. The sixth mass extinction event is well underway and most people don’t care. Fossil fuels and other crucial resources are running out and most people don’t even know. Pollution in the form of microplastics and forever chemicals are rapidly accumulating in our bodies, lowering sperm counts and causing all sorts of health problems.

And all that is because of overshoot. We’ve already exceeded the carrying capacity of the planet, so it’s only a matter of time before the global population comes crashing down. But overshoot isn’t the main reason I became a doomer. In fact, I became a doomer about a year before I knew what overshoot means.

The main reason I became a doomer is because I realized that the challenge we’re facing is so monumentally large and complicated that humans are incapable of overcoming it. 

This idea upsets some people. They say things like, “What about World War II? Look at how the U.S. mobilized the entire nation to help defeat the Axis powers.”

Yea, after they were attacked and only because they had a clear enemy. This time, we can’t simply declare fossil fuels the enemy and stop using them overnight. Doing that would cause civilization to collapse, anyway.

Besides, fossil fuels aren’t the only problem. As I’ve explained before, we would still be headed for collapse even if there were no climate change or pollution because we’re completely dependent on finite resources (forests, aquifers, fossil fuels, rare-earth minerals, etc.) that will mostly be gone in a matter of decades.

Even after learning all this, people still say things like, “What about the Montreal Protocol? Look at how the entire world came together, created an agreement to protect the ozone layer, and followed through.”

Yea, but there’s a big difference between phasing out CFCs and giving up a source of energy that provides 80% of the world’s power, not to mention plastic, fertilizer, and thousands of other products. Even if we could quit fossil fuels, we would just tear up the world’s remaining ecosystems in search of rare-earth metals and other resources.

Despite the enormity of the polycrisis, people still say things like, “We’ll find a way. Look at everything humans have accomplished over the last two centuries: automobiles, airplanes, telephones, computers, and modern medicine.”

Yea, but only because of fossil fuels. Humans have been about as intelligent as we are today for at least 100,000 years, but we only just now managed to invent all these things. Have you ever wondered why?

It’s because starting about 250 years ago, we harnessed a source of energy that, at the time, was practically limitless. We used this energy to build the modern world, but now we have to somehow maintain the modern world while transitioning away from this source of energy. So-called renewables and battery technologies can’t replace everything fossil fuels do for us, and even if they could, we’re already out of time.

To be clear, I’m not saying humans aren’t intelligent enough to deal with the polycrisis. I believe that if everyone on the planet became collapse-aware and committed to saving the human race and as much of the natural world as possible, we could actually pull it off. The population would still decline due to overshoot, but we could turn the decline into a glide instead of a crash.

The problem isn’t a lack of intelligence. Rather, the problem is both psychological and sociological. Humans are incapable of overcoming the polycrisis because they tend to ignore or deny facts that make them uncomfortable. ...........................

Once you realize that humans have a tendency to deny death, the world starts to make a lot more sense. It explains why so many people believe there’s an afterlife despite a total lack of evidence. It also explains why people deny climate change is real despite the fact that there are decades of evidence and countless studies by thousands of climate scientists from all around the world.

In order to acknowledge that climate change (or peak oil, the sixth mass extinction, etc.) is real, you also have to acknowledge that your lifestyle is contributing to the destruction of the planet and the early death of millions (if not billions) of people. It means that everything the human race has achieved over the last two centuries was all for naught—that all we’ve done is destroy our home and ourselves.

This is a hard pill to swallow for people who believe humans are special. If you believe God created humans and put us here for some divine purpose, it’s hard to accept that we’ve behaved no better than bacteria consuming a piece of fruit. It feels much better to deny the science and continue living like you always have.

So we continue on without changing our ways. ..............

Even those who acknowledge that climate change is real tend to deny the reality of the situation. Recently, I read an article in The Guardian called I thought most of us were going to die from the climate crisis. I was wrong. It’s a case study that perfectly exemplifies the human penchant for denial. ...........

Another reason she’s optimistic is because “low-carbon technologies are becoming cost-competitive.” True, but has she ever thought about how we get the materials for those “low-carbon technologies”?

We use diesel to mine and transport the metals. We use coal or natural gas to produce the cement. We use oil to create the plastic. Until all of these things are made without fossil fuels, these new technologies aren’t exactly “low-carbon.”

To get off of fossil fuels, every fossil fuel power plant and internal combustion engine in the entire world has to be replaced by windmills, solar panels, electric vehicles, and more batteries than you can imagine so we can have power when it’s not windy or sunny.

It would take an unbelievable amount of fossil fuels to achieve this. Meanwhile, we’re already committed to 2°C of warming, after which we’ll start triggering irreversible tipping points. As I said before, we’re already out of time. ..........

Later, she offers another reason for hope when she says, “the world has already passed the peak of per capita emissions. It happened a decade ago. Most people are unaware of this.”

That’s great, but global emissions are still rising. It doesn’t matter if per capita emissions are going down if overall emissions are still going up. But Ritchie is “optimistic we can peak global emissions in the 2020s.”

She could be right about that, but just because our emissions stop rising doesn’t mean the concentration of CO2 in the atmosphere stops rising, too. As our emissions go down, the amount of CO2 in the atmosphere will keep going up, only at a slower rate.

She goes on to explain how thanks to improvements in technology and energy efficiency, her carbon footprint is less than half that of her grandparents’ at her age. Maybe so, but there are also three times as many people in the world today, so we’re still burning more fossil fuels than ever before. ........

Even if everyone in the world lowered their carbon footprint to zero and we stopped emissions overnight, the CO2 that’s already in the atmosphere would keep warming the planet until the Earth reaches a new energy balance.

According to James Hansen, one of the most highly-respected climate scientists in the world, the amount of CO2 already in the atmosphere would lead to 10°C of warming over the next few centuries, and as much as 6 or 7°C in one century. And that doesn’t include future emissions. 

There’s something else that would happen if we stopped emissions overnight: Global temperatures would spike. Few people know this, but a small percentage of sunlight is blocked by pollution (especially aerosols) from fossil fuels. Thanks to this pollution, the planet is about .. cooler than it otherwise would be. .........

I don’t mean to attack Hannah Ritchie. I’m sure she’s a great person, and I think she truly believes what she’s saying, but that’s the problem. She was so terrified of climate breakdown that she convinced herself there’s still hope. She simply couldn’t handle the horrifying reality that billions of people are going to die an early death, so she found a way to deny it.

And now she’s telling people that we can maintain modern civilization and stop climate change. That we can have our cake and eat it too. By doing this, she’s only making things worse. Books and articles like hers make it easier for people to deny reality and continue their carbon-based lifestyles without feeling guilty or afraid.

If climate change had a simple fix—like the Montreal Protocol—we would have done it already. But there is no fix for climate change. At best, we could slow it down, but that would require most people to drastically lower their standard of living—something like a permanent Great Depression. And since that is unthinkable, people deny the truth and tell themselves everything will be okay. 

That’s why I became a doomer. I realized that people are unwilling to make the changes necessary to avoid collapse, so they deny reality and cling to false hope. For decades, scientists have been warning us that we have to act as soon as possible, yet all we’ve done is the bare minimum. I don’t see any signs of that changing.

Humans simply didn’t evolve to handle a situation like this, and now there is research confirming it. According to a study by the University of Maine, certain features of human evolution could be stopping us from solving environmental problems. Researchers looked at how sustainable human systems emerged in the past, and they found two patterns:

Sustainable systems emerge only after groups have failed to maintain their resources. But today, if we don’t learn our lesson until after we’ve exhausted our resources, it will be too late. We won’t have the option to relocate to a new area because climate change and resource depletion are happening everywhere.

Systems of environmental protection tend to address problems within societies, not between societies. To slow down climate change, we would need worldwide regulatory, economic, and social systems. Without that, individual countries and regions will focus on their own problems and could even go to war with their neighbors for resources.

As the lead author, Tim Waring, said, "This means global challenges like climate change are much harder to solve than previously considered…It's not just that they are the hardest thing our species has ever done. They absolutely are. The bigger problem is that central features in human evolution are likely working against our ability to solve them.”

Inexhaustible Flows? Tom Murphy, Do The Math. Feb. 20, 2024.

I recently came across a statement to the effect that once we transition away from fossil fuels to renewable energy like solar, wind, and hydro, we would essentially be home free for the long run—tapping into inexhaustible flows. It is a very pleasant notion, to be sure, and one that I believe is relatively common among enthusiasts for renewable energy.

Naturally, I am concerned by the question of: what magnificent things would we do with everlasting copious energy? As an excellent guide, we can ask what amazing things have we done with the recent bolus of energy from fossil fuels? Well, in the course of pursuing material affluence, we have eliminated 85% of primeval forest, made new deserts, created numerous oceanic dead zones, drained swamps, lost whole ecosystems, almost squashed the remaining wild land mammals, and initiated a sixth mass extinction with extinction rates perhaps thousands of times higher than their background levels—all without the help of CO2 and climate change (which indeed adds to the list of ills). These trends are still accelerating. Yay for humans, who can now (temporarily) live in greater comfort and numbers than at any time in history!

But the direction I want to take in this post is on the narrower (and ultimately less important) technical side. All the renewable energy technologies rely on non-renewable materials. Therefore, inexhaustible flows are beside the point. It’s like saying that fossil fuel energy is not practically limited by available oxygen for combustion, so we can enjoy fossil fuels indefinitely. Or that D–T fusion has billions of years of deuterium available, when there’s no naturally-occurring tritium (thus reliant on limited lithium supply). In a multi-part system, the limiting factor is, well, the limiting factor. Sure, into the far future the sun will shine, the wind will blow, and rain will fall. But capturing those flows to make electricity will require physical stuff: all the more material for such diffuse flows. If that stuff is not itself of renewable origin, then oops. The best guarantee of renewability is being part of natural regeneration (i.e., of biological origin). If solar panels, wires, inverters, and batteries were made of wood and the like: alright, then. ..........

Telling the Truth About Our Future. Art Berman. Feb. 27, 2024.

............................... How many EROI analysts can even explain what I just wrote or know how to find that information? Yet they proclaim with troubling certitude that there is an emerging consensus that fossil fuels have a lower EROI than renewables.

Delannoy and his co-authors do not mean to be misleading. They think they are telling the truth and that’s the problem. True believers are willing to go to any length to convince us of their truth. They believe it so strongly that they cannot be objective.

The sad truth is that a renewable energy transition is imaginary. ................

Society is in a terrible predicament. Papers like Delannoy’s give false hope that there is a renewable pathway that can save us from climate change. But climate change is just the tip of the iceberg.

Over-consumption of all energy is destroying earth’s ecosystem—the true basis of wealth that forms the foundation for human prosperity. This includes the destruction of forests, the genocide of the animal kingdom, the pollution of land, rivers and seas, the acidification of the oceans, and loss of fisheries and coral reefs.

Focusing on climate change alone is a narrow view. Carbon dioxide is just one of the pollutants contaminating the environment. The growth of the human enterprise enabled by excess energy use threatens everything. Substituting renewable for fossil energy will make that problem even worse.

We are well beyond a soft landing for the planet. There are no moderate pathways forward. Pretending that there are is counter-productive. A radical reduction in all energy consumption is the only solution.

The problem is that it’s not the solution that we like but it’s time to start telling the truth about our future.

***** #271: “Peak almost everything”, part one. Tim Morgan, Surplus Energy Economics. Feb 26, 2024.

WORSENING STRESSES IN AN INFLECTING ECONOMY

As almost everyone must have noticed by now, economic and broader affairs are in a strange state of uneasy limbo. The economy certainly hasn’t ‘collapsed’, as some pundits have long been predicting, but neither is it growing, in any meaningful sense.

Conditions are characterised by worsening hardship and widening inequality, and this, compounded by suspicion and mistrust, is making itself felt in increasingly fractious domestic politics. A disturbing feedback loop ties internal political discontent into the stresses of dysfunctional international relations.

There’s a growing feeling that ‘things aren’t working’, and that the continuing affluence of a minority is in striking contrast with the deteriorating economic circumstances (and worsening insecurity) of the majority.

One can almost sense a collective holding of breath as we wait to see ‘what happens next’.

I cannot escape a conviction that very few people really understand that what we’re experiencing now isn’t some kind of temporary economic stasis, but the cusp of a fundamental change for which societies are not prepared.

Accordingly, the aim here is to use the SEEDS model to make sense of this unquiet calm, and to provide some insights into what actually does ‘happen next’.

In summary, hardship and stress at the level of the micro – that is, of the household and the individual – are about to extend into disorder at the level of the macro. We’re heading very rapidly into “peak almost everything”.

The qualifying “almost” is necessary, and we need to know how we can best navigate the turbulence that is now about to commence. We need to work out which activities – which sources of income, employment, revenue, profit and value – are likely to buck the generalised trend of disorderly decline.

The two-stage inflexion

Stated at its simplest, growth in material economic prosperity has long been decelerating towards a point at which the economy as a whole inflects from expansion into contraction. .........

Our best recourse is to objective analysis of economic and financial fundamentals.

Properly defined, the economy is a system for the supply of material products and services to society.

Thus seen, the economy is an energy system, not a financial one. Nothing that has any economic value at all can be provided without the use of energy. Money has no intrinsic worth, but commands value only as an “exercisable claim” on the output of the material economy. We know that the large and complex economy of today has been built on an abundance of low-cost energy sourced from oil, natural gas and coal.

The factor which does most to determine economic prosperity is the material cost of energy supply. If delivering 100 units of energy requires using the equivalent of 99 units in order to make it available, the game is scarcely worth the candle.

If, on the other hand, 100 energy units can be delivered at a cost of only 1 energy unit, this activity is immensely productive of economic value.

Energy is never ‘free’, but comes at a cost measurable in terms of the proportion of accessed energy needed to create and sustain the infrastructure required for energy supply. This cost is known here as the Energy Cost of Energy, abbreviated ECoE.

Globally, trend ECoEs reached their low point in the quarter-century after the Second World War, explaining the super-rapid economic growth enjoyed in that period.

Since then, ECoEs have trended upwards because of the depletion of fossil fuel resources. Oil, gas and coal remain abundant, but have been getting progressively costlier to access. Renewables, with their lesser energy densities, cannot take us back to a halcyon age of ultra-cheap energy.

Being unable – or unwilling – to face the implications of rising ECoEs, we’ve long been playing a game of “let’s pretend” with the economy. Because GDP is a measure of financial transactions – and not of material economic value – we can create a simulacrum of “growth” by pouring ever-increasing amounts of liquidity into the system.

Nobody needed credit deregulation, QE or sub-zero real interest rates in the 1945-70 period, because low ECoEs were driving the economy along, ‘very nicely, thank you’, without recourse to financial manipulation. Only as the economy has decelerated have we adopted various forms of monetary gimmickry in order to pretend that the illogical promise of ‘infinite economic growth on a finite planet’ remains a valid expectation.

Using the concepts of two economies, energy-determined prosperity and money as claim, SEEDS models the trajectories of financial and material economic trends. As can be seen in Fig. 2, ECoEs have been rising relentlessly, and surplus (ex-cost) energy supply has been decelerating towards contraction. Per capita surplus energy has inflected into decline, and prosperity per capita has taken on a downwards trajectory.

Accompanying this, financial stresses have been worsening. Debt has massively outgrown reported GDP as credit expansion has been deployed to create purely cosmetic “growth” (Fig. 3A). It required annual borrowing of more than 11% of GDP to sustain illusory “growth” at a supposed average of 3.5% (3B) over the past twenty years. Broader liabilities have exploded (3C), and the state of disequilibrium between the financial system and the underlying material economy has become extreme (3D).

When we apply the extent of disequilibrium stress pictured in Fig. 3D to the quantum of exposure shown in Fig. 3C, the end result – a massive and disorderly financial correction – becomes a foregone conclusion.

With the exception of the stress measure illustrated in 3D, we don’t need access to the SEEDS system to work out that this ‘bigger-than-the-GFC correction’ cannot long be delayed, and will happen at the moment when the delusory promise of perpetual economic growth loses the last shreds of its credibility. .................

All of these processes are going to change the balance of forces in civil society, such that politics becomes ever more unpredictable.

A point that cannot be emphasised too strongly is that economic deterioration, with all of its attendant stresses, is moving from the predicted to the experienced.

Some discretionary sectors are already contracting. Politics is already becoming dysfunctional. The hardship being presented officially as a temporary problem is, in reality, a foretaste of the shape of things to come – or, perhaps more aptly, the shape of things to go.

What is Latent Heat of Fusion? Erik Michaels, Problems, Predicaments and Technology. Feb. 28, 2024.

Imagine my surprise last week when I read Tom Murphy's article after publishing my own and discovering that there was a common theme to both. Tom often writes about the unsustainability of our behaviors and civilization, but to describe common beliefs of many of the cornucopian-type thinking that so many people have today struck me as funny being it was so coincidental. Isn't it ironic that biological life has figured out how to tap into inexhaustible flows of energy and this is essentially sustainable but technology use (and our dependence upon it) doesn't even come close? A similar article from The Honest Sorcerer also tells the same story.

Perhaps what I often find incomprehensible is how people come to these stances of hopium regarding emerging qualities of collapse and thinking that we are embarking on some sort of beautiful, sustainable journey to the future. Of course, it becomes rather obvious over time that most of these people simply haven't widened their perspective to include all aspects of ecological overshoot and collapse - their perspectives are limited to their own specialty within their own field of study and the silo they seem to be stuck in acts as an echo chamber. ....................... 

Last week, I posted some information about what is commonly called "forever chemicals" to point out the existential issue of pollution loading. This was initially pointed out more than 50 years ago in the Limits to Growth study as shown in this video which I have posted before several times. My purpose last week was to demonstrate how symptom predicaments of overshoot are combining and interacting as threat multipliers not only to civilization, but to our very existence as a species. As usual, a new study came out that proves that this issue is worse than originally thought due to symptom predicaments of climate change spreading these toxins further afield due to extreme weather events and wildlife contaminated with the toxins moving around and further contaminating water and soil. Almost every week, regardless of what topic I write about, I find new information a week or two later proving how the situation is even worse than what I originally wrote about, just like in this particular issue. .............

Two paragraphs up, I posted an article about the AMOC (Atlantic Meridional Overturning Circulation) which delineates some scary thoughts. What I didn't point out there is what I again want to bring to the forefront (I've brought this topic up before (a long time ago), but these things have a tendency to be forgotten). The beginning of this article reviews some of the same information from last week and expands on that theme; but along the same lines of thinking, I want to bring up something most people are not aware of or have forgotten. This is the latent heat of fusion, the topic of today's picture at the top. I was introduced to this by the fact that 80 calories of heat will melt one gram of ice (at 0 degrees Celsius) so that it becomes water (phase change) and then that same amount of heat applied to the water will raise the temperature of that water to 80 degrees Celsius. Think about how the biosphere is losing its cryosphere and what that means for the world's air conditioning system. These exponential changes are now baked into the system through both oceanic thermal inertia and the lag effect. Climate change, the symptom predicament of overshoot, is irreversible on human timescales. 

I needed to get through all the above material to get to this point that today is the absolute best day of the rest of your life.

I don't want to sound grim or bring inconvenient truths to the forefront, but denying the existence of this knowledge makes no sense. Essentially, this is what most people want you to do - deny the existence and implication of these facts. While it is true (and I have repeatedly said this time and again) that we don't know precisely what will happen and when it will happen, certain events are inevitable and it is only a question of when, not if. Collapse of industrial civilization is built in, as it is self-terminating. Once this occurs, the loss of a large portion of the aerosol masking effect (global dimming) will also be lost and global warming will once again suddenly increase, similar to what has taken place over the last several years due to the loss of aerosols produced from the marine shipping industry. Despite reducing particulate matter in the atmosphere, the IMO 2020 rules have had mixed results as this article points out. Once again, something labeled as a "solution" has unexpected results. My point is not to simply ridicule ideas that many people think of as solutions or proper responses; one still needs to respond in an appropriate fashion and certain ideas (like degrowth) are the only appropriate responses available. However, just because these ideas have been brought around to the forefront of society does NOT mean that they will solve the predicament of overshoot or prevent civilization from crashing. Taken together with the inevitable outcomes of climate change and energy and resource decline (both symptom predicaments of overshoot) multiplying each other's effects, these hard facts point out that conditions will never be better than they are right now. 

This is why it is so important to embrace and be grateful for what we have right now and to Live Now!