Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1400746 Comments:2390
But the era of abundant cheap resources is drawing to an end, for reasons equally straightforward.
The global population currently stands at seven billion people, and is predicted to rise to more than nine billion by 2050 - that's roughly the population of the UK being added to the planet every year.
More importantly, there could be up to three billion new middle-class consumers, mainly in China and India, according to McKinsey. They will drive demand for meat, consumer goods and urban infrastructure, not to mention the energy needed to produce them, to levels unheard of in human history. For example, McKinsey expects the number of cars in the world to double by 2030.
And while demand for resources from an exploding and wealthier population soars, finding and extracting new sources of supply is becoming increasingly difficult and expensive.
For example, oil companies have to look further and drill deeper to find dwindling reserves of oil, meaning the cost of an average well has doubled in the past ten years, while new mining discoveries have been largely flat despite a fourfold increase in exploration costs.
The discovery of shale gas could have a major impact on meeting global energy needs in the decades to come, but as Laszlo Varro, head of gas, coal and power markets at the International Energy Agency, says, just burning current reserves of fossil fuels using existing technologies would create enough carbon dioxide "to boil the planet several times over".
Yes, the resources from now on will be expensive, but for NONE of the Reasons offered above.....".
Ex....Pop, cars and prosperity from Chindia....None of that will be around in 10 years.
RUSSIAN WARNING SHOTS AS SYRIAN CONFLICT THREATENS TO DEGENERATE INTO WORLD WAR By: Thierry Meyssan on: 13.06.2012 [00:19 ] (369 reads)
The message is clear : Moscow is ready for world war if NATO and the GCC do not comply with the international obligations as defined in the Annan Plan and persist in aiding terrorism.
RUSSIAN WARNING SHOTS AS SYRIAN CONFLICT THREATENS TO DEGENERATE INTO WORLD WAR
Posted on June 11, 2012
countryboy wrote:Austerity was invented in Russia long ago.
And Russia can demonstrate it for all the world to see.... :twisted:
