The ”King” is Naked
Political reengineering in the muslim world– Clash of civilization by many names– The greater middle east initiative and the partnership for future success
Political reengineering in the muslim world– Clash of civilization by many names– The greater middle east initiative and the partnership for future success
ASPO’s 42nd newsletter is a must-read.
Oil, besides being a whole lot of political trouble, is approaching its production peak. What to do?
When oil was found in 1996 in Equatorial Guinea, the former Spanish colony in West Africa was one of the poorest countries in the world. Today, this small and sparsely populated country of 465,000 inhabitants has an offshore production of 350,000 bpd, making it the third largest sub-Saharan producer of oil, behind Nigeria and Angola. According to the African Development Bank, a year after oil was found, gross domestic product went up 76 %.
The opening session of the 10th South East Asia Australia Offshore Conference will hear that Australia’s demand for oil is greater than supply and the gap is growing.
Saudi Aramco could turn some valves and increase production rate by two million barrels per day. In doing so, they might cut short the life of their largest resource.
If you think oil prices are high at $40 a barrel then wait till they are four times that much.
How will you pay to run your car? How will you get the children to school? How will you heat your house? How much will transported food go up in price?
How will we pay for plastics, metals, rubber, cheap flights, Simpson’s DVDs, 3G phones and everlasting economic growth?
The basic answer is, we won’t.
This is the message from the Association for the Study of Peak Oil (ASPO).
David Holmgren, co-originator of the permaculture concept and author of ‘Permaculture: Principals and Pathways Beyond Sustainability’, speaks with Adam Fenderson from Energy Bulletin.net about permaculture and its role in an energy constrained world.
New forms of energy need to be developed quickly or else the world faces a cataclysmic economic and environmental future writes Jeremy Leggett
“We simply do not yet have the economic solutions or technologies that would permit us to meet future energy demands without carbon emissions growth,” Exxon Mobil chairman Lee R. Raymond said.
Facing runaway oil prices and security fears, East Asian officials meeting in Manila will make emergency plans that included creating oil reserves and finding alternative sources for their energy imports.
The European Union says it has modified an ambitious U.S. plan to promote democracy in the Middle East. [propaganda warning]