Insight and inspiration in turbulent times.
Starting next week, shoppers and motorists will have to brace themselves for early closing times at department stores and petrol stations, as the government implements its latest set of energy-saving measures.
American leaders have good reason to worry about the price of oil. Oil price shocks can play a decisive role in ending a presidency, as in the cases of Presidents Jimmy Carter and George H. W. Bush.
Global oil demand is expected to be higher in 2004 and 2005 than initially forecast, increasing pressure on oil producers to boost their output at a time when rising oil prices may hurt a recovering world economy.
Amid predictions of long-term price hikes, the Gallop Government is already moving to reduce Western Australia’s dependence on oil, according to Planning and Infrastructure Minister Alannah MacTiernan.
Record oil prices above $40 a barrel are barely curbing surging demand growth in major consuming nations, despite concern over the economic fallout of higher energy costs.
Experts point to the doubling of the pace of global demand in the past year, little spare production capacity, continuing terrorist attacks in the Middle East, and a controversial presidential referendum on Aug. 15 in Venezuela, the world’s No. 5 oil producer.
Spike in Crude rates a structural phenomenon. Current crisis due to combination of limited resources, increasing demand, driven mostly by China and India
Human nature is such that we tend to wait for a crisis to happen before we react. However, as the current series of articles on the looming energy crisis highlight, we do so at our peril.
The Argentine government on Friday said that in the first six months of the year a plan to reduce household energy consumption yielded savings of 8 percent on domestic gas and 3 percent on electricity, which were used to supply growing industrial demand.
Current explorations of an offshore gas field in the East China Sea by both China and Japan have recently strained relations between the two powerful nations.
The Chinese government plans to triple China’s energy supply over the next 15 years. That means adding enough new power stations to supply the entire energy needs of Sweden each year.
The work ethic maintains a strong grip on our psyche, but it is dangerous and unnecessary. Colin Tudge on the evolutionists’ case for getting off the treadmill and taking it easy
