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PEAK OIL PARADIGM SHIFT Author Says Michael Klare Wrong – Oil Did Not Burst American Bubble |
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Written by Kelvin Scoon
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Wednesday, 06 February 2008 |
PORT OF SPAIN, Trinidad , February 06, 2008 -- In a recent article in Common Dreams.org News Center Michael T Klare made a claim that – “The economic bubble that lifted the stock market to dizzying heights was sustained as much by cheap oil as by cheap (often fraudulent) mortgages. Likewise, the collapse of the bubble was caused as much by costly (often imported) oil as by record defaults on those improvident mortgages. Oil, in fact, has played a critical, if little commented upon, role in America’s current economic enfeeblement — and it will continue to drain the economy of wealth and vigor for years to come.”
Bilaal Abdullah author of Peak Oil Paradigm Shift disagrees, saying that Michal Klare “ignores so many facts that one wonders what has become of Klare.” |
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European Union Persists With Biofuels |
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Written by Webmaster
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Friday, 25 January 2008 |
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BRUSSELS, Belgium, January 25, 2008 - The European Union has decided to maintain a target for increasing the use of biofuels despite mounting concerns that its strategy could worsen global hunger. |
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Caribbean Island Starts Drilling for Geothermal Power |
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Written by Webmaster
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Friday, 25 January 2008 |
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BASSETERRE, St Kitts, January 25, 2008 - Geothermal power (energy generated by heat stored beneath the Earth's surface) has been given a boost in the Caribbean as West Indies Power ltd, began its geothermal development drilling programme in St Kitts and Nevis at the Nevis 1 Spring Hill site. |
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Trinidad and Tobago staging Petroleum Conference 2008 - “The Future of Energy?” |
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Written by Kelvin Scoon
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Wednesday, 23 January 2008 |
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SAN FERNANDO, Trinidad, Jan 21, 2008. CaribbeanINVESTOR -- The South Trinidad Chamber of Industry and Commerce (STCIC) has announced the staging of Trinidad and Tobago Petroleum Conference, 2008 (TTPC 228) – The Future of Energy?. The conference comes at a time when the small oil and gas exporter has been engaged in a national debate on the prospects of peak oil and gasproduction the future of its energy dependent economy, subsequent to a 2007 energy audit by Scott Ryder that claimed the country had only 12 years of proven reserves at current rates of utilization. |
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The Road to $200-a-Barrel Oil! |
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Written by Sean Brodrick
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Wednesday, 16 January 2008 |
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Sean Brodrick Dear Subscriber,
They say the highway to hell is paved with good intentions. I think the same can be said for the road to $200-a-barrel oil. And the car on that road will be the Nano, the new ultra-cheap vehicle from India's Tata Motors.
See, the Nano will be sold for less than $2,500, which suddenly puts car ownership within reach for a huge slice of India's population. |
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