Archive
Obama lets Chinese own U.S. energy resources
NEW YORK – The Obama administration is quietly allowing China to acquire major ownership interests in oil and natural gas resources across the U.S.
The decision to allow China to compete for U.S. oil and natural gas resources appears to stem from a need to keep Beijing economically interested in lending to the U.S. The Obama administration has run $1-trillion-plus annual federal budget deficits since taking office that likely will continue in the second term.
Allowing China to have equity interests in U.S. energy production is a reversal of the Bush administration’s policy. In 2005, the Bush administration blocked China on grounds of national security from an $18.4 billion deal to purchase California-based Unocal Corp.
As WND reported Monday, Beijing has been developing a proposal in which real estate on American soil owned by China would be Read more…
New industrial revolution needed to avert ‘planetary catastrophe’ – UN report
World Bank: Food prices have entered the ‘danger zone’
Robert Zoellick, World Bank president, said food prices are at “a tipping point”, having risen 36pc in the last year to levels close to their 2008 peak. The rising cost of food has been much more dramatic in low-income countries, pushing 44m people into poverty since June last year.
Another 10pc rise in food prices would push 10m into extreme poverty, defined as an effective income of less than $1.25 a day. Already, the world’s poor number 1.2bn.
Mr Zoellick said he saw no short term reversal in the damaging effect of food inflation, which is felt much more in the developing world as packaging and distribution accounts for a far larger proportion of the cost in the advanced economies.
Asked if he thought prices would remain high for a year, Mr Zoellick said: “The general trend lines are ones where we are in a danger zone… because prices have already gone up and stocks are relatively low.”
Rising prices have been driven by the changing diet of the ballooning middle classes in the emerging markets. “There is a demand change going on, with the higher incomes in developing countries. People will eat more meat products, for example, that will use more grain.
“I am not suggesting that the improved diets in the developing world are the source of the problem but it means it takes longer to Read more…
China-Russia relations and the United States: At a turning point?
By Dr. Richard WeitzSince the end of the Cold War, the improved political and economic relationship between Beijing and Moscow has affected a range of international security issues. China and Russia have expanded their bilateral economic and security cooperation. In addition, they have pursued distinct, yet parallel, policies regarding many global and regional issues.
Yet, Chinese and Russian approaches to a range of significant subjects are still largely uncoordinated and at times in conflict. Economic exchanges between China and Russia remain minimal compared to those found between most friendly countries, let alone allies.
Although stronger Chinese-Russian ties could present greater challenges to other countries (e.g., the establishment of a Moscow-Beijing condominium over Central Asia), several factors make it unlikely that the two countries will form such a bloc.
The relationship between the Chinese and Russian governments is perhaps the best it has ever been. The leaders of both countries engage in numerous high-level exchanges, make many mutually supportive statements, and manifest other displays of Russian-Chinese cooperation in what both governments refer to as their developing strategic partnership.
The current benign situation is due less to common values and shared interests than to the fact that Chinese and Russian security concerns are Read more…
Thermal Cameras Look Inside Homes to Monitor Energy Efficiency
Aaron Dykes
Infowars.com
April 11, 2011
The city of Boston has been taken to task by the ACLU over concerns about a roll-out of thermal imaging cameras being used to monitor energy efficiency inside homes. A pilot program to take aerial and street-level photos of heat loss in Boston was part of a scheme to encourage participation in home energy improvement programs, as well as to drive consumers towards green companies.
According to CBS, the project had been halted following public outcry about invasions of privacy, namely that “infrared cameras would reveal information about what’s going on inside the homes.” Further objections have been raised about potential violations of the Fourth Amendment (but what’s that anyway?). Officials reportedly “planned on sharing the photos and analysis with homeowners, and were hoping the findings would increase enrollment in efficiency programs and also create business opportunities.”
MIT, who helped develop the technology’s use for energy tracking, has already thermally-mapped the entire city of Cambridge, Massachusetts. Their press writers brag that automated cameras attached to vehicles would collect data “similar to the way Google Street View vehicles obtain visual imagery.” This 55 second video provides a glimpse at their system: Read more…
A global energy war looms
Here’s an alarming chart to ponder. HSBC has calculated what would happen to energy consumption by 2050 given plausible forecasts for economic growth and assuming no constraint on resources, or that humans carry on using energy in the “taken for granted” way they do at the moment.
As you can see, demand in China, India and other emerging markets soars, but there is also quite considerable growth from advanced economies too. The big picture is that with an additional one billion cars on the road, demand for oil would grow 110pc to more than 190 million barrels per day. Total demand for energy would rise by a similar order of magnitude, doubling the Read more…
Russia emerges as unlikely energy safe haven
AFP – Turning the page on former disappointments, the world’s energy giants are flocking to Russia, whose vast resource riches look even more tempting at a time of turbulence in the Middle East.
In just a matter of weeks, the country has put the finishing touches on a clutch of joint exploration and share-swap agreements whose negotiation seemed impossible just a few years ago.
But with natural gas production stagnant and new oil wealth resting in hard-to-reach reserves, Russia is swinging the door open to Western companies, their presence now seen as essential to the country’s economic growth.
“Russia is today the go-to place for Read more…
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
crisisboom
CRISISBOOM 
You must be logged in to post a comment.