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More students are learning at home

More students are learning at home

In the oil shortage chronicled by the players of World Without Oil, the resistance to telecommuting quickly went by the wayside, so to speak. Employers were eager to relieve their workers of the commute burden – infinitely preferable, in their eyes, to helping them with their fuel bills.

And now, here in the real world, an article in the New York Times relates how gas prices have driven students, so to speak, to taking classes online. The article reports online enrollment is up 50% to 100% in some schools, and “the greatest surges have been registered at two-year community colleges, where most students are commuters, many support families and few can absorb large new expenditures for fuel.”

Can employee telecommuting and virtual business travel be far behind? Thanks to loyal reader Laurel for the tip. Photo by wrumsby via Flickr.

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Vulture Tourism, San Diego

The Vulture Economy, San Diego

This from CNN in May:

The International Energy Agency gave advance warning that its previous forecast for supply and demand remaining in pleasant equilibrium over the next two decades was flawed. Its new projections, due in November, will say supplies may fall 10 percent short of demand, according to a report in the Wall Street Journal.

“Stephen Leeb, an investment manager who has authored two books on oil scarcity, said Russia was already seeing a drop in production, and there’s little evidence Saudi Arabia could increase production even if it wanted to.

“If the two biggest oil producers in the world can no longer increase production, that’s a catastrophe, not a bubble,” he said.

Others say there’s no way $130 oil is justified.

“This thing has to turn around, it’s insanity,” said Peter Beutel, an oil analyst at the consultancy Cameron Hanover. “Ultimately we’ll see a huge collapse in prices.”

Beutel doesn’t know when that collapse would come, but he predicts it will be within weeks or months, not years.

But he doesn’t know just what might bring it about – perhaps the Federal Reserve increasing interest rates or a big drop in consumption as people worldwide can no longer afford to fuel their cars or heat their homes.

“If these prices stick, you may see whole neighborhoods where people abandon their homes,” he said predicting that in the Northeast U.S. it will cost $5000 to heat a home unless prices fall.

OK, so this is scary. To my ears, this amounts to an admission that what was foreseen in the WWO game is indeed on the way. One of the experts says oil supply has failed, and so there will be a “catastrophe” as people worldwide run short of oil. The other expert says, no, the “catastrophe” is the high prices, which will cause people worldwide to abandon their cars and their homes. Either way, catastrophe ahead? Photo by gruntzooki via Flickr.

It was the world's first serious alternate reality game, a cooperative pre-imagining of a global oil crisis. Over 1900 players collaborated in May 2007 to chronicle the oil crisis with their own personal blog posts, videos, images and voicemails. The game ended after simulating the first 32 weeks of the oil shock, but its effects continue, as game designers analyze its unique gameplay and we all watch the continuing drama with global oil prices and supply.
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