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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (75104)6/11/2011 11:36:24 PM
From: 2MAR$  Respond to of 217688
 
Oil, Democracy and 'Drill, Baby, Drill'
econmatters.com

do we (or Obama ) have any other choice ?



To: elmatador who wrote (75104)6/13/2011 3:57:40 AM
From: 2MAR$  Read Replies (2) | Respond to of 217688
 
A little factoid on Oil usage rates & perspective, that 700mil barrel discovery would be consumed in 10days .

On China’s potential for growth going forward ...She uses about two barrels a year of oil per person. In the United States we use 23 barrels of oil per person per year. If China’s usage grew to the U.S. equivalent, it would be 85 million barrels a day, which is about the total consumption of oil for the world

Germany more soberly looks at repercussions of the phase out of nuke power


Germany Is Waking Up To The Consequences Of Merkel's Rash Abandonment Of Nuclear Power
businessinsider.com

The Deindustrialization of Germany

One of her most vocal critics has been Jürgen Grossmann, head of energy giant RWE. At the end of May, he complained publicly of an "eco-dictatorship" before writing a letter directly to Merkel earlier this week blasting details of her plans.

On Friday, he took the battle a step further, warning in an interview with the Süddeutsche Zeitung that Merkel's phase out plan could result in large companies turning their backs on the country as a result of climbing energy prices. "The de-industrialization (of Germany) won't come all at once. It will be a gradual process," Grossmann said. "Soon we will have to do without entire industrial sectors: companies like BASF and Thyssen-Krupp won't be here anymore."