Insight and inspiration in turbulent times.
America’s appetite for imported food is creating problems for the
U.S. economy. Agriculture, one of the few big sectors of the economy that could be
counted on to produce trade surpluses, has recently generated
monthly deficits — a development that could worsen the nation’s
already significant trade imbalance.
Europe could be about to win the race to host Iter, the world’s biggest nuclear fusion reactor.
The similarities between the Vietnam and Iraq wars become more marked
with each passing week. We are now told that the U.S. forces have
surrounded Fallujah and are about to unleash a full-scale attack to
recover it from the insurgents.
North Carolina researchers are heading a national study to find the best ways to redesign communities so that Americans get out of their cars and travel by foot or bicycle.
An advisor to President George W Bush has reportedly claimed that global warming is a fallacy created to disrupt the American economy, in an interview on Radio 4. Myron Ebell, from the Competitive Enterprise Institute (CEI), claimed that the notion of climate change through man-made emissions was “ridiculous and unrealistic”.
China’s crude oil output will peak at 200 million tonnes annually in a decade, but even that will be far from enough to cover the country’s voracious energy needs, state media said.
Saudi Arabia and Russia will jointly sponsor an international energy forum in February next year to map out an effective strategy for regulating the oil market and strengthening security measures at oil installations and during transportation as part of a comprehensive energy security program.
The Wall Street Journal recently published a major piece on peak oil and in the past year Campbell has spoken before a joint committee meeting of the British House of Commons, addressed a group of J P Morgan Chase & Co investors and been visited by officials from Swedish auto manufacturer Volvo.
The dollar could slide still further, in spite of hitting an all-time low against the euro last week in the wake of George W. Bush’s re-election, currency traders have said.
Some selected recent stories relating to Iran.
WORLD oil production is likely to peak in the next decade, much earlier than many international forecasts, a senior BP executive has told The Business.
As China’s economy expands, so does its thirst for oil, gas, coal, and electricity. Today, China accounts for 12.1% of the world’s energy consumption.
