Iraq’s Oil: The Greatest Prize Of All?

The subject of Iraqi oil is one which has fascinated me for a number of years, so in this post I’ll outline why I believe that Iraq probably has the world’s largest oil reserves – or, as Daniel Yergin once said of the middle east, it is “the greatest single prize in all history” (echoing a similar statement by George Kennan at the end of world war 2).

The crumbling of China’s export market

The parallels between China’s precarious social and economic future based solely on exports and our own societies entirely dependent on fossil fuel as a driver for growth are striking. China now needs to focus on what’s beyond expanding its economy through exports and manufacturing, while all of us need to focus on what’s beyond growth in a crude oil based economy. Peak oil is occurring now; the economic repercussions are a symptom.

Spoof New York Times has new vision for America

A new vision of America was presented yesterday in an elaborate parody of “The New York Times by the Yes Men, a group of liberal pranksters. Thousands of paper copies were handed out and a web version is online. Articles include:
“Nationalized Oil To Fund Climate Change Efforts”
“New York Bike Path System Expanded Dramatically”
“Crumbling Infrastructure Brings Opportunities”
“Biofuels Ban Act Signed Into Law, Seeks to Ease Food Shortage”

Waste – Nov 13

As world demand falls, prices for recyclables go in dumper
Paper price collapse blows hole in Britain’s recycling strategy
Spotlight shines on light pollution