Oil has been the ruling sources of world energy since the 50s. The relatively affordable supply of oil has been the backbone of the revolutionary economic growth experienced in the western world. It is predicted that the demand for oil will rise in the future. However, will expansion in production be able to accommodate such [...]
Continue reading...Tuesday, April 6, 2010
It is already 30 years since research suggested that algae could be changed into diesel. It was a very odd idea at that time. In July 2009, ExxonMobile injected a sum of $600 million to enable better conversion of algae into fuel. Biologist from Craig Venter’s Synthetic Genomics will be responsible for introducing algae into [...]
Continue reading...Friday, December 11, 2009
Maybe there is something to the Peak Oil controversy after all since it was announced that Saudi Arabia, a nation that manages a full one quarter of the planet’s oil reserves, is examining renewable energy. This information was made available courtesy of Lady Barbara Judge, the UK atomic Energy Authority chairperson. Judge was coming home [...]
Continue reading...Friday, November 13, 2009
World oil reserves may not last as long as some had originally predicted. This, according to several unnamed sources connected to the International Energy Agency, as reported by the Guardian Newspaper in the UK. One source within the agency along with one who is no longer there, say the IEA has downplayed the oil deficiency [...]
Continue reading...Friday, October 30, 2009
As the price of gas rises with no sign of ever going back to moderate prices, the economy is in the tank though with some slight indicators of recovery, the dollar does a dipsey doodle beyond anyone’s ability to predict. Just another day on planet earth or the sign of a coming apocalypse? The pessimist [...]
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Friday, April 30, 2010
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