When one follows the international news scene closely, it looks like there are two different worlds being reported about: one where the housing and credit crisis is being played out against a background of inflation fears and worries about a global economic slowdown; the other where spectacularly rising energy and commodity prices underline the energy/climate [...]

Traditional economists, politicians and the press understand little about the interaction between natural resources or ecological capital and the state of the global economy. Ecology for them is the playground of naive greenies or excentric academics. It is therefore not surprising that the current financial crisis that has hit the world economy is being interpreted within [...]

The current turmoil hitting the financial markets might have a few interesting lessons for those political and economic leaders who keep denying the reality of declining natural resources (peak oil, gas, coal etc.).
First of all, just like the peak resources deniers, the financial “experts” and the “establishment economists” have for years underestimated the risks of deregulated globalised financial [...]