Dollar on an oily slope

The unabated rise of international oil prices and depreciation of the dollar will push economic growth in the US down to about 2.5% in 2005, but will have little impact on economic growth in the European Union, where growth is expected to accelerate modestly.

Staring down the barrel of a crisis

The world’s oil production may be about to reach its peak – forever. Such apocalyptic prophecies often surface in the middle of the northern hemisphere winter. What is unusual is that this time the doomsday scenario has gained serious credibility among respected analysts and commentators.

China Goes Beyond Oil in Forging Ties to Persian Gulf

Lured by the world’s largest oil reserves and some markets considered too risky by Western companies, China is quickly becoming a major economic player in the Persian Gulf, making deals in transportation and technology, showcasing its consumer goods and shoring up agreements to meet its enormous energy needs.

America’s Finite Future?

Near the beginning of “Saturday Night Fever,” John Travolta’s Tony Manero, frustrated that his boss thinks he should save his salary instead of spending it on a new disco shirt, cries out, “fuck the future!” To which his boss replies: “No, Tony, you can’t fuck the future. The future fucks you! It catches up with you and it fucks you if you ain’t prepared for it!” Well, I don’t know if you’ve noticed, but America has morphed into a nation of Tony Maneros.

Hungry for hemp

The United States Drug Enforcement Administration recently abandoned, without comment, its three-year effort to ban commercial foods made from or containing nonpsychoactive industrial hemp seed and hemp oil.

Worldwide capacity of solar thermal energy greatly underestimated

The International Energy Agency’s Solar Heating and Cooling Programme and major solar thermal trade associations have published new statistics on the use of solar thermal energy. The new data – expressed for the first time in GWth, rather than in square meters of installed collector area – shows the global installed capacity to be 70 GWth (70.000 MWth).