Monday, 1. May 2006, 21:36:57
bolivia, energy, oil
President Evo Morales ordered soldiers to immediately occupy Bolivia's natural gas fields Monday and threatened to evict foreign companies unless they sign new contracts within six months giving Bolivia majority control over the entire chain of production. Bolivia has South America's second largest natural gas reserves after Venezuela, and all foreign companies must turn over most production control to Bolivia's cash-strapped state-owned oil company, Yacimientos Petroliferos Fiscales Bolivianos, Morales said.
Thursday, 9. March 2006, 10:47:44
peak, oil, energy, crude
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Peak Oil is an issue that refers to the point at which world oil production peaks and declines. This decline causes oil to become increasingly expensive and scarce will be a time punctuated with war, famine, and lots of death.
Many countries' productions have already peaked and it is merely a matter of time before total world production does. It's not "if" but "when".
We are not going to discover any new oil wells that will hold the peak off for very long.
Relying on the market to save us from this is not going to work. Waiting until the actual peak before we start to invest heavily in alternative fuels is not going to work either.
For more, google "Peak Oil".
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