Peak Oil – Are we there yet?

Jason Marks, the editor of the increasingly interesting Earth Island Journal, asked me to be the “minus” in Peak Oil – Are we there yet? — a debate on Peak Oil and Climate Change.  The “plus” side is argued by Aaron G. Lehmer-Chang of Bay Localize.  He definitely has a point, though, personally, I think I make the stronger argument, in a brief piece called Peak Oil as Wishful thinking.  Alas, my son doesn’t like it.  He particularly doesn’t like the phrase “shock troops of idiot neoliberalism.”

Sigh . . .

Worse than I thought

The Credit Suisse Global Wealth Report is a useful item.  In a world where income statistics are generally the best we can do, it leverages its customized Swiss-banker research machine to estimate the real stats, the ones about wealth itself.  Wealth as in ownership.  I say “estimate” because, well, the really rich don’t particularly like being studied.  Anyway, Global Wealth Report 2013 contains some stats I’ve been looking for.  Here’s they are, from page 10:

“Our estimates for mid-2013 indicate that once debts have been subtracted, an adult requires just USD 4,000 in assets to be in the wealthiest half of world citizens. However, a person needs at least USD 75,000 to be a member of the top 10% of global wealth holders, and USD 753,000 to belong to the top 1%. Taken together, the bottom half of the global population own less than 1% of total wealth. In sharp contrast, the richest 10% hold 86% of the world’s wealth, and the top 1% alone account for 46% of global assets.”

Here’s a picture that, among other things, shows you where there rich actually live: