Energy experts and economist continually assure us that if the price of crude oil keeps rising, alternative energy sources eventually will replace crude oil. They cite the basic economic theory (market price mechanism) that one type of good can be substituted for another as far as the two types can be consumed or used in place of one or another for at least some of their possible uses. Here are [...]
Well, let’s take a look at oil first.
Right now oil is absolutely essential to almost everything that we do.Â We require oil to drive our cars, we require oil to produce our food, a large percentage of our homes use energy that is derived from oil and most of what we buy at the stores comes in packaging that is made up at least [...]
Gold Bar Premiums at 17-Year High in Hong Kong â€“ Safe Haven Bid on Inflation and Egypt Concerns
The geopolitical ramifications of the revolution in Egypt and the likelihood that it will spread throughout the Middle East, North Africa and possibly further afield is leading to volatility in markets. Equity indices in the Middle East and Far East were mostly down (except for China) [...]
Oil shortages could turn outer suburbs into slums
December 28, 2010
AUSTRALIA will be forced to rely on huge quantities of imported oil unless it radically overhauls its transport and urban policies, according to a study by the Planning Institute of Australia.
It warns that without urgent national action the trade deficit will spiral and many outer suburbs will become slums.
The study comprises a series of papers in the latest edition [...]