Insight and inspiration in turbulent times.
Dr Strangelove 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 an updated version of an influential 1972 book on the dangers facing the planet, the authors confirm that the earth is taxed and overcommitted. But, as they say, knowing is half the battle.
Australia will have to import oil by the end of this decade as we move into a world where prices are inevitably going to be higher.
The recent sabotage of Iraq’s oil pipelines has raised fresh concerns about production capacity and room for maneuver in case of a crisis amid firm global oil demand.
Thousands of workers fleeing stepped-up kidnappings by al-Qaida.
Concern that the European Commission could gain control of Britain’s North Sea oil resurfaced last night.
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.
