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World NewsPeak Oil News Monday September 25th 2006
Nuclear power pushed for oil sands production
(Globe and Mail) The much-touted potential for Canada's oil sands to offset projected declines in North American oil production remains highly questionable because of constraints on natural gas production and environmental problems, a group of Swedish industry experts concludes in a new report. To meet its ambitious targets, the industry would likely require the construction of a nuclear power plant near Fort McMurray in Alberta in order to replace natural gas in the energy-intensive production process, the scientists argue.
G20 protests planned
(Green Left Weekly) The G20, according to its official website, "is the key international forum for discussion and cooperation on global economic issues" between the world's major capitalist governments. The primary goal of the G20 is to discuss and develop policies that promote the "high and sustainable growth" of the global economy through promoting policies consistent with the G20 Accord for Sustained Growth agreed to in 2004.
Peak Oil Passnotes: Why Is Oil at $60
(Resource Investor) When a commodity or a stock moves fast we tend to get very excited. We hope to discover whether or not it has made some kind of quantum leap or is just part of a long term trend. So what the heck is happening to crude oil? Is this a slip? A correction? Or gigantic profit taking? Or none of the above?
Making the Tarmac bloom
(Guardian Unlimited) Imagine the acres of Tarmac of your nearest superstore car park transformed into a permaculture garden, roots from the plants in raised soil beds digging through the concrete; the building itself part greenhouse and part market.
Oil peaks, valleys, plateaus and plains
(London Free Press) The world oil market has been a constant source of frustration for economic forecasters of late. Have the laws of economics been rescinded? The short answer is no. The basic facts are straightforward. After plunging to a valley of US$10 a barrel during the global financial crises of the late 1990s, oil recovered to average around $30 during much of the 2000-03 period, except for a brief downward blip in late 2001. Then in 2004, prices began a steady upward trek, passing $40, $50, $60 and then $70.
Raymond J. Learsy: The Potential Collapse of Oil Prices Makes ...
(Yahoo! News) Al Gore has warned that we are near the tipping point of climatic catastrophe. The "Scientific American" has published a prominently featured article recently, whose lead sentence is "The debate on global warming is over." There is a growing consensus throughout the land that emergency solutions are needed.
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