Crude oil, the lifeblood of the global economy, costs $61.67, even as the world struggles through the worst recession since World War II. And prices are rising, climbing 26 percent in the last month.
Archive for the ‘Economy’ Category
Alternative Energy Business Opportunities
For those who are more interested in investing than in starting a business, there are many options for the savvy and not so savvy investor. It is very important, regardless of your financial aptitude, to research the companies, funds, or investments offered in alternative energy business opportunities. It would be best for a
Whats next for Peak Oil
Isn’t that a question, though….
The Peak Oil story was never about running out of oil. It was about the collapse of complex systems in a world economy faced by the prospect of no further oil-fueled growth. It was something of a shock to many that the first complex system to fail would be banking, but the process is obvious: no more growth means no more ability to pay interest on credit… end of story, as Tony Soprano used to say.
There was a popular theory among Peak Oilers the last decade that the world would enter a
The Patch: Peak supply vs. peak demand
The market’s obsession with plummeting oil demand has been so pervasive in the past six months it even fostered a new theory — peak demand.
Alternative-Energy Companies Grow Even as Others Falter
While many small businesses continue to struggle with tight credit and declining sales, one fledgling industry is seeing a boom in investment and sales growth: alternative energy.
Oil drying up as world remains unaware
For more than a century it has been cheaper than coffee and as constant as ocean waves.
Head winds are blowing in the face of alternative energy
Tailwinds will soon give alternative energy a boost in the form of the energy policies and subsidies from the incoming Barack Obama administration.
Oil drops 9 pct as demand outlook overshadows OPEC
U.S. crude prices dropped more than 9 percent to $36 a barrel Thursday as slumping demand and swelling U.S. inventories offset OPEC’s record supply cut agreement.
OPEC Goes on the Defense
The slowdown in production has oil companies worried about what will happen when the global economy recovers. Royal Dutch Shell vice president Marvin Odum warned, “We’re in remission right now,” he said, but when oil demand rebounds, “the energy challenge will come back with a vengeance.”
