[CAnet - news] Economic Benefits of Broadband in age of peak oil and cap and trade
"Bill St. Arnaud" <[email protected]> Tue, 19 May 2009 11:05:37 -0400
| Newsgroups | gmane.culture.publications.news |
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For more information on this item please visit my blog at
http://green-broadband.blogspot.com/ or http://billstarnaud.blogspot.com
-------------------------------------------
[A very good comprehensive analysis of economic benefits of broadband. I
would also argue that broadband is going to more critical to our future
economy as we enter age of peak oil and cap and trade. As the famous
economist Jeff Rubin argues the end of the age of global trade is coming to
end. Only virtual products and services on broadband networks will be able
to transcend this new economic transition- BSA]
http://www.nyls.edu/user_files/1/3/4/30/84/187/245/Brogan,%20SPRING%202009,%
2018%20MEDIA%20L.%20&%20POL%E2%80%99Y.pdf
Source: USTelecom
New USTelecom analysis reveals that the broadband-fueled Information,
Communications and Technology (ICT) industries far outpace all other sectors
in contributions to U.S. economic growth and provide among the
highest-earning, fastest-growing jobs in the country. The analysis, "The
Economic Benefits of Broadband & Information Technology," was published in
the latest edition of New York Law School's Media Law & Policy journal.
The converging sectors of broadband, media and information technology add
nearly $900 billion annually to the nation's economy and are expanding at a
rate that is two to five times faster than the overall U.S. economy. The
USTelecom analysis also points out that jobs in the broadband/ICT sector pay
50% more than the hourly national average, and broadband-enabled jobs are
projected to remain among the leading high-growth areas for at least the
next 10 years.
Based on our analysis of the Bureau of Labor Statistics' Occupational
Employment Statistics, there were more than 10 million broadband/ICT jobs in
2007, with 5.7 million in ICT industries such as broadband service
providers, content producers and equipment manufacturers. Additionally, the
data shows 4.4 million ICT-centric jobs in industries outside of the ICT
sector (e.g., network administrators in schools and hospitals). And, these
employment tallies do not count the many more jobs made possible by
broadband as an enabling technology-for example, self-employed rural
Americans working from home over the high-speed Internet.
http://beta.theglobeandmail.com/globe-investor/a-coming-world-thats-a-whole-
lot-smaller/article1141752/
Mr. Rubin has taken his long-standing forecast that inevitably declining
production and rising demand will send oil prices inexorably higher - over
$200 (U.S.) a barrel by 2012 or earlier, just for a start - and imagines how
the world will have to change to adjust to such a reality.
" I think, ironically, it's going to be a return to the past ... in terms
of the re-emergence of local economies. "- Jeff Rubin
Like many oil crisis prophets, Mr. Rubin is a disciple of "peak oil" theory
- the concept that world oil production is near its peak, and is destined to
a long, slow decline, as existing low-cost oil fields dry up and new
supplies become harder and more expensive to unlock.
But unlike many previous peak oil books, which typically don't get much past
"we're in big trouble," Mr. Rubin's conclusions are refreshingly optimistic.
His world of the oil-starved future, at least for Western societies, looks a
lot like the bygone years of our fond memory, where people work and vacation
nearer to home, eat locally grown foods and buy locally produced goods, and
suburban sprawl is replaced by revitalized cities.
"I think it will really restructure the economy in ways that people haven't
even begun to imagine," he said. "But I think, ironically, it's going to be
a return to the past ... in terms of the re-emergence of local economies."
Indeed, the book's title is derived from this central argument - that
expensive fuel will force a reversal of globalization, as long-distance
trade becomes increasingly expensive and impractical. The only alternative
may be a relentless cycle of economic shocks triggered by oil price surges.
"Chances are, we're going to bang our head on this oil constraint very soon
in an economic recovery, unless certain things change. And I don't think
we're going to have to wait five years to test that Rubin hypothesis. I
think in the next six to 12 months you're going to see that," he said.
"There's a lot of historical context to suggest that we can change, that
things have evolved in response to economic signals," he said. "But in order
to change ... we're going to have to rearrange a whole lot more things than
perhaps we recognize."
-------------------------------------
To subscribe or unsubscribe send e-mail to [email protected]
These news items and comments are mine alone and do not necessarily reflect
those of the CANARIE board or management.
------
[email protected]
[email protected]
http://billstarnaud.blogspot.com/
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<div class=3DSection1>
<p class=3DMsoPlainText>For more information on this item please visit =
my blog at
<o:p></o:p></p>
<p class=3DMsoPlainText><a =
href=3D"http://green-broadband.blogspot.com/">http://green-broadband.blog=
spot.com/</a>
or <a =
href=3D"http://billstarnaud.blogspot.com">http://billstarnaud.blogspot.co=
m</a><o:p></o:p></p>
<p =
class=3DMsoPlainText>-------------------------------------------<o:p></o:=
p></p>
<p class=3DMsoPlainText><o:p> </o:p></p>
<p class=3DMsoPlainText><o:p> </o:p></p>
<p class=3DMsoNormal> [A very good comprehensive analysis of =
economic
benefits of broadband. I would also argue that broadband is going =
to more
critical to our future economy as we enter age of peak oil and cap and
trade. As the famous economist Jeff Rubin argues the end of the =
age of
global trade is coming to end. Only virtual products and services =
on
broadband networks will be able to transcend this new economic =
transition–
BSA]<o:p></o:p></p>
<p class=3DMsoNormal><o:p> </o:p></p>
<p =
class=3DMsoNormal>http://www.nyls.edu/user_files/1/3/4/30/84/187/245/Brog=
an,%20SPRING%202009,%2018%20MEDIA%20L.%20&%20POL%E2%80%99Y.pdf<o:p></=
o:p></p>
<p class=3DMsoNormal><o:p> </o:p></p>
<p class=3DMsoNormal>Source: USTelecom<o:p></o:p></p>
<p>New USTelecom analysis reveals that the broadband-fueled Information,
Communications and Technology (ICT) industries far outpace all other =
sectors in
contributions to U.S. economic growth and provide among the =
highest-earning,
fastest-growing jobs in the country. The analysis, “The Economic =
Benefits
of Broadband & Information Technology,” was published in the =
latest
edition of New York Law School’s Media Law & Policy journal. =
<o:p></o:p></p>
<p>The converging sectors of broadband, media and information technology =
add
nearly $900 billion annually to the nation’s economy and are =
expanding at
a rate that is two to five times faster than the overall U.S. economy. =
The
USTelecom analysis also points out that jobs in the broadband/ICT sector =
pay
50% more than the hourly national average, and broadband-enabled jobs =
are
projected to remain among the leading high-growth areas for at least the =
next
10 years. <o:p></o:p></p>
<p>Based on our analysis of the Bureau of Labor Statistics’ =
Occupational
Employment Statistics, there were more than 10 million broadband/ICT =
jobs in
2007, with 5.7 million in ICT industries such as broadband service =
providers,
content producers and equipment manufacturers. Additionally, the data =
shows 4.4
million ICT-centric jobs in industries outside of the ICT sector (e.g., =
network
administrators in schools and hospitals). And, these employment tallies =
do not
count the many more jobs made possible by broadband as an enabling
technology—for example, self-employed rural Americans working from =
home
over the high-speed Internet. <o:p></o:p></p>
<p class=3DMsoPlainText> =
<o:p></o:p></p>
<p class=3DMsoPlainText><a
href=3D"http://beta.theglobeandmail.com/globe-investor/a-coming-world-tha=
ts-a-whole-lot-smaller/article1141752/">http://beta.theglobeandmail.com/g=
lobe-investor/a-coming-world-thats-a-whole-lot-smaller/article1141752/</a=
><o:p></o:p></p>
<p class=3DMsoPlainText><o:p> </o:p></p>
<p>Mr. Rubin has taken his long-standing forecast that inevitably =
declining
production and rising demand will send oil prices inexorably higher - =
over $200
(U.S.) a barrel by 2012 or earlier, just for a start - and imagines how =
the
world will have to change to adjust to such a reality. <o:p></o:p></p>
<p><span class=3Ddquo> “</span> I think, ironically, it's =
going to be
a return to the past ... in terms of the re-emergence of local =
economies. <span
class=3Ddquo>”</span><span class=3Dcitation>— Jeff =
Rubin</span><o:p></o:p></p>
<p>Like many oil crisis prophets, Mr. Rubin is a disciple of "peak
oil" theory - the concept that world oil production is near its =
peak, and
is destined to a long, slow decline, as existing low-cost oil fields dry =
up and
new supplies become harder and more expensive to unlock.<o:p></o:p></p>
<p>But unlike many previous peak oil books, which typically don't get =
much past
"we're in big trouble," Mr. Rubin's conclusions are =
refreshingly
optimistic. His world of the oil-starved future, at least for Western
societies, looks a lot like the bygone years of our fond memory, where =
people
work and vacation nearer to home, eat locally grown foods and buy =
locally
produced goods, and suburban sprawl is replaced by revitalized cities. =
<o:p></o:p></p>
<p>"I think it will really restructure the economy in ways that =
people
haven't even begun to imagine," he said. "But I think, =
ironically,
it's going to be a return to the past ... in terms of the re-emergence =
of local
economies." <o:p></o:p></p>
<p>Indeed, the book's title is derived from this central argument - that
expensive fuel will force a reversal of globalization, as long-distance =
trade
becomes increasingly expensive and impractical. The only alternative may =
be a
relentless cycle of economic shocks triggered by oil price surges. =
<o:p></o:p></p>
<p>"Chances are, we're going to bang our head on this oil =
constraint very
soon in an economic recovery, unless certain things change. And I don't =
think
we're going to have to wait five years to test that Rubin hypothesis. I =
think
in the next six to 12 months you're going to see that," he said. =
<o:p></o:p></p>
<p>"There's a lot of historical context to suggest that we can =
change,
that things have evolved in response to economic signals," he said. =
"But
in order to change ... we're going to have to rearrange a whole lot more =
things
than perhaps we recognize." <o:p></o:p></p>
<p><o:p> </o:p></p>
<p> <o:p></o:p></p>
<p class=3DMsoPlainText><o:p> </o:p></p>
<p class=3DMsoPlainText><o:p> </o:p></p>
<p class=3DMsoPlainText><o:p> </o:p></p>
<p =
class=3DMsoPlainText>-------------------------------------<o:p></o:p></p>=
<p class=3DMsoPlainText>To subscribe or unsubscribe send e-mail to <a
href=3D"mailto:[email protected]">[email protected]</a><o=
:p></o:p></p>
<p class=3DMsoPlainText><o:p> </o:p></p>
<p class=3DMsoPlainText>These news items and comments are mine alone and =
do not
necessarily reflect those of the CANARIE board or =
management.<o:p></o:p></p>
<p class=3DMsoPlainText><o:p> </o:p></p>
<p class=3DMsoNormal><o:p> </o:p></p>
<p class=3DMsoNormal><o:p> </o:p></p>
<p class=3DMsoNormal>------<o:p></o:p></p>
<p class=3DMsoNormal>[email protected]<o:p></o:p></p>
<p class=3DMsoNormal>[email protected]<o:p></o:p></p>
<p class=3DMsoNormal>http://billstarnaud.blogspot.com/<o:p></o:p></p>
<p class=3DMsoNormal><o:p> </o:p></p>
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