Insight and inspiration in turbulent times.
Mark Townsend We can’t say we haven’t been warned – rising temperatures, disappearing coastlines and dire predictions that climate change poses a greater threat than global terror … Yet still we fly, drive, consume and pollute like never before. Where will it all end, asks Mark Townsend
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.
With US forces massing outside Fallujah, 35 marines swayed to Christian rock music and asked Jesus Christ to protect them in what could be the biggest battle since American troops invaded Iraq last year.
Proposal by oil analyst Matthew Simmons to improve the transparency of oil field production and reserves: “Estimating future supplies and Peak Oil will be achievable based on factual data.” (Slide presentation)
Using a variety of criminal methods that they have perfected over the past four years, the George W. Bush-Dick Cheney-Karl Rove syndicate stole another election, and extended their illegal occupation of the White House. (Mentions peak oil.)
Could you imagine what would have been (or would be) of Nigeria without its crude oil revenue? Chad or Niger would seem like paradise.
