India Oil Chief Says U.S. Would Be ‘Stupid’ to Attack Iran
Subir Raha, the government-appointed head of India’s biggest oil company, said the U.S. would be “stupid” to attack Iran and risk imposing record oil prices on the global economy.
Subir Raha, the government-appointed head of India’s biggest oil company, said the U.S. would be “stupid” to attack Iran and risk imposing record oil prices on the global economy.
The circumstances of the Long Emergency will require us to downscale and re-scale virtually everything we do and how we do it, from the kind of communities we physically inhabit to the way we grow our food to the way we work and trade the products of our work.
The International Energy Agency is to propose drastic cutbacks in car use to halt continuing oil-supply problems. Those cutbacks include anything from car-pooling to outright police-enforced driving bans for citizens.
The quest for a sustainable, ecologically sensible society in the Pacific Northwest. (Special edition, with several articles, including a long interview with Ernest Callenbach, author of Ecotopia.)
In the bad old days of an oil embargo and gasoline lines, Americans at least got billions of petrodollars back from the oil-rich Middle East.
That money got recycled into the United States, mostly in safe bank deposits. The banks then invested it at great risk in Latin America and elsewhere.
So this time as gasoline prices soar again…some Americans may be expecting another influx of Mideast cash. They shouldn’t. The petrodollar is losing its international clout.
Might we really need nuclear power? Hannah Bullock cuts through seven layers of loose thinking in search of a firm conclusion.
Reactors in many UK nuclear power stations are in danger of developing cracks in their graphite cores. This could force some plants to close down earlier than expected, dealing a blow to the idea that nuclear power can become a “green” option in the fight against global warming.
Links to background report and presentations from March 7 & 8 IEA workshop on oil demand management, in case of ‘supply interruption’. Note title of 1st session: ‘Saving Oil in a Hurry: Rapid measures for demand restraint’.
When it comes to dealing with the many energy-related crises we’re facing, can the Bushies really go on pretending that their policies are any more forward-looking than a rerun of That ’70s Show
An up to date and information rich introduction to Peak Oil.
I asked Joe Terranova, director of trading for MBF Clearing Corp., why oil keeps going up and up. “Simple, the cat is out of the bag!” according to Joe. “Traders now recognize, for the first time since oil futures have traded, that there truly exists a demand to supply problem.”
It has often been predicted that the next war in the Middle East would be fought not over land, not over oil, but over water.