Paying the right price for oil
HERE’S the sticky truth about oil: As a finite commodity, the world never seems to tire of burning more of, its price is bound to hit the roof.
HERE’S the sticky truth about oil: As a finite commodity, the world never seems to tire of burning more of, its price is bound to hit the roof.
Global Warming is not the disease; it’s a symptom, albeit the most serious symptom of a cancer caused by industrial civilization. Prescribing more nuclear power (even if physically possible) as a cure to the civilization’s cancer is tantamount to treating a smoker’s lung-cancer by switching her over to a different brand of cigarettes.
Saved from bankruptcy, the generator is now turning in an operating profit. Yet its future is far from assured.
Saudi power struggles are holding back attempts to defeat terrorism.
British Energy is trying to extend the life of its nuclear reactors by five years, which would ease fears that the UK could face power shortages in the future.
The biggest news in the world at the moment however is also the most suppressed, and it is actually quite frightening. It’s suppressed because it completely obliterates all the ludicrous reasons we’ve been fed about why we’re in Iraq and Afghanistan, and because once it becomes self-evident the global stock markets will panic and crash.
OPEC expects world oil demand to rise by some 2 million barrels per day in the third quarter from a seasonal second quarter low, as consumption growth hits a seven-year high, the cartel said Thursday.
With a lack of conventional energy resources, Japan has sought to establish a nuclear fuel cycle. This would involve reprocessing plutonium extracted from spent nuclear fuel to produce fresh nuclear fuel. After a series of problems, the plan is on the brink of falling apart, however.
IN THE short run, it is good news that the price of a barrel of crude oil has fallen below US$40 (S$69). In the long run, however, this is not good news. In fact, it may be terrible news.
FERC orders California to pay Enron and other energy companies $250M, the very companies that the state argues should be refunding $9 billion to California for market rigging during the power crisis three years ago. Meanwhile, questions are raised about Cheney’s knowledge of price fixing. And Bush attempts to revive failed Ken Lay inspired energy policy.
Since 9/11 more than US$10 billion has been spent on biological weapons, and the physical plant at the Fort has been expanded to the tune of $400 million.
Kazakhstan announced on Friday that it planned to build two oil terminals in Iran as it ramps up a lucrative oil-swap export arrangement that has been criticised for lack of transparency.