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Conscious Travel
The factors driving & necessitating the emergence of a new operating model for tourism
Curated by Anna Pollock
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Rescooped by Anna Pollock from The Great Transition
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What the new 2011 EIA oil supply data shows

Very informative article by Gail Tverberg explaining why oil supply is tight and prices high.

 

"On balance, it would appear that at best, oil production in the near future will be virtually flat, leading to more spiking of oil prices and greater world economic problems. Another possibility is that world production will begin to decline. The likelihood of decline would appear to be increased if more oil exporters encounter political disruptions, or if the world enters a major recession leading to an oil price decline."


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Overseas aid to Africa being outweighed by hefty costs of importing oil

Overseas aid to Africa being outweighed by hefty costs of importing oil | Conscious Travel | Scoop.it
Sub-Saharan states need to move to renewable energy sources as $15bn in aid is outstripped by $18bn in oil imports, says IEA...

 

But not only Africa is affected. Europe will suffer competitiveness loss as a result of oil dependence. "...for every $1 that countries do not spend on cleaner fuel, they will have to spend $4.3 within the next two decades to make up, for their reliance on fossil fuels".  EU oil bill is more than 550bn per year, the "equivalent of a Greek crisis - very year".


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