pull! push! Adventures in Internet land :-)

pull! push! Adventures in Internet land :-)

Sunday, June 1, 2008

Article: 'The Coming Energy Wars'

Snippets from the article...

""Indeed, there's concern that as higher oil prices force many Asian economies to reduce or even cut their generous fuel subsidies, growth will slow sharply, and there could be social unrest as the world's poorest become more desperate. The political ramifications of this (which already include moves away from free trade), combined with the ever-rising costs of doing business as usual, could force a retrenchment from globalization. "It's a harbinger of the reversal of globalization," says Jeff Rubin, chief economist for CIBC World Markets. "At $200 a barrel, you'll see transport costs rise so much that they will effectively reverse the trade liberalization of the last 30 years." He predicts that world trade will realign itself regionally, so that while Japan may continue to ship in goods from China, the United States will increasingly import from Latin America. "If you look at the period from 1973 to 1979 [when oil spiked] you'll find the same thing happened," he notes. "The share of imports to the U.S. from Latin America and the Caribbean rose by 6 percentage points. That was all about freight costs.""

"This spring, America hit a historic point. With average gas prices per gallon edging toward $4, America's notoriously profligate ways started to change fast. Americans are driving less, using mass transit more, buying fewer gas guzzlers, indeed shopping less wantonly in general, and lowering their previously unshakable confidence as consumers. Suddenly, Americans are acting differently; if not exactly like Swedes, then not quite like themselves, either. It's a shift that could change the world.

And there are more changes to come. So far the price shock has triggered the most obvious consumer shifts in the United States. Europeans, already greener, are also are buffered by a stronger currency, and Asians are protected from the spiking price of oil by subsidies that control the impact on gas prices at the pump. But if oil prices continue to rise, and the subsidy dam breaks, as seems likely, the energy revolution now transforming America will spread. "We sailed through $80 a barrel," notes energy authority Daniel Yergin, author of "The Prize: The Epic Quest for Oil, Money and Power" and chairman of Cambridge Energy Research Associates. "But that doesn't mean we'll sail through $200 a barrel. That sort of price would have enormous global consequences.""

Sources:

The Coming Energy Wars (Newsweek.com)

Labels: China, India, life, money, oil, World

10:21 PM 0 Comments Links to this post

Sunday, January 20, 2008

A few words on MNCs, China and India...

A few words on MNCs, China and India, can be found on the China India Blog.

Labels: China, economics, India, World

10:08 PM 0 Comments Links to this post

Sunday, December 9, 2007

China tries to cool economy

Just added a new post to the China India Blog. Interested? Click here to view it.

Labels: China, India

5:04 PM 0 Comments Links to this post

Monday, December 3, 2007

Corruption in India

Just added a new post to the China India Blog. Interested? Click here to view it.

Labels: China, India

10:59 PM 0 Comments Links to this post

Tuesday, November 27, 2007

China India Blog

China India Blog is now live. Content to follow (as time permits).

Labels: blogging, China, India, World

10:58 PM 0 Comments Links to this post

News, current events and observations concerning Life, Barbados and the rest of the World.

Pictures of Barbados (by yours truly). Refresh for a random pic.

: Name: Amit Uttamchandani; Location: Barbados

View my complete profile

E-MAIL

amituttamchandani(at)gmail.com

Please do not send me any junk mail, especially the Viagra or Cialis stuff.

DISCLAIMER

This is a personal web site, produced in my own time and solely reflecting my personal opinions.

Any and all statements, questions, comments, thoughts, etcetera, found on this website do not represent in anyway whatsoever, the views or policies of my employer, past or present, or any other organisation with which I may be affiliated with.

Under no circumstances does the information on this site represent a recommendation, instruction, advice or anything remotely related. View the contents of this site at your own risk.

About Me