In less than 20 years, most production will be burned domestically, on current trends. 8m barrels a day will be needed just for domestic needs by 2028, roughly equivalent to its current production. (more…)
Archive for January, 2011
“We must repudiate traditional economics if we’re to save the planet, says Jeremy Leggett”. My Guardian review of Tim Jackson’s book, supporting his view that capitalism in the form into which we have allowed it to evolve is killing economies and ecosystems alike. Re-engineering of the system is essential.
Telegraph: “Bob Diamond, the new chief executive of Barclays, told MPs that the time for “remorse” was over as he refused to say whether he would waive his bonus.”
JL thought: “Key players right across the financial chain are behaving as though the time for remorse is indeed over, and mostly remain locked into the modalitites that gave us the 2008 crash.”