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Wednesday, March 16, 2011
Lithium Drive: High hopes for low carbon: an interview with Professor Jim Skea of the Committee on Climate tnr.v, czx.v, lmr.v, rm.v, alk.ax, sqm, cgp.v, abn.v, ura.v, nup.ax, usa.ax, srz.ax, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc
at 3:15 PM Not a lot of people will be voting for Nuclear Power now, but it is not the reason not to move forward with Electric Cars. Radiation fears and meltdown of Japan credibility to handle the recent nuclear crisis have put Middle East situation on the back drop of the headlines from Japan. Bahrain can be proven later even more explosive situation for the future of the world economy and Oil prices are already rising again.
"All those QE exercises, which we have discussed above, will unleash a very powerful force of Inflation all around the world. The new most powerful trend in 21st century will be the Energy or lack of it to drive the world and its population forward. All recent progress is based on relatively cheap energy available to us for the last one hundred years. The chart above is from the latest groundbreaking revelations of International Energy Agency - it shows to us that we do not have that luxury any more. Cheap oil is gone - according to the IEA - and "Crude Oil: fields yet to be found - is the politically correct way of saying Oil Shortage. We have now Population Growth multiplied by Peak Oil and Inflation, which will push all prices higher."
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