World On Brink Of Ruin
Stephen Roach, the chief economist for Morgan Stanley & Co., one of the most powerful investment banks and one of the 50 largest companies in the world, says Greenspan has “driven the world to the economic brink.”
Stephen Roach, the chief economist for Morgan Stanley & Co., one of the most powerful investment banks and one of the 50 largest companies in the world, says Greenspan has “driven the world to the economic brink.”
The World Food Program has commissioned Aprovecho to build fuel-efficient, low-polluting cooking stoves fashioned from the very tin cans in which food aid is delivered.
On Christmas Day, Cuban President Fidel Castro in the Gulf of Mexico in an area controlled by Cuba. Castro disclosed that the Canadian companies had discovered estimated reserves of 100 million barrels.
Ultimately, says Deffeyes, we may just have to resign ourselves to relying more on coal, wind, and nuclear fission for Âelectricity and switching to high-efficiency diesel and hybrid automobiles in order to ration our remaining oil reserves for as long as possible. Abundant energy from fossil fuels was a one-time gift, Deffeyes concludes, that lifted humanity up from subsistence agriculture and has led to a future based on renewable resources
The world economy has gotten fairly comfortable with oil at $45 a barrel. But how will it react to paying $100 a barrel three years from now? Or $150 in five years?
Seventeen organizations–chemical companies as well as environmental and conservation groups–fired off a letter to Congress last week urging a new energy policy to solve the nation’s natural gas crisis.
Hundreds of demonstrators stoned government vehicles, blocked traffic and battled riot police in the Nepalese capital Tuesday to protest the increase in fuel prices by the government.
An increase of investment capital is boosting scientific research into alternative energy technologies in Silicon Valley.
India panicked over future oil supply went after international oil assets competing directly with China. Both China and India may be wrong in their approach, which will not solve their problem and may turn out a very costly experiment for both the countries.
China continues its attempt to become a major global oil producer. Having mishandled and prematurely depleted the reserves within its own borders, it has embarked on a strategy of global acquisitions.
Researchers at the University of Toronto have invented an infrared-sensitive material that’s five times more efficient at turning the sun’s power into electrical energy than current methods.
This new dangerous third world war is all on trade and energy resources. No country in the world can survive without viable and reliable source of energy without going back to cave ages.