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Investigating global inequality
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Oil, the modern world's lifeblood [infographic]

Oil, the modern world's lifeblood [infographic] | Development geography | Scoop.it

An infographic describing our current oil situation and what peak oil is...

Today’s infographic suggests when a country discovers oil it will increase production exponentially until it peaks and begins its decline. Why does this matter? Because it is possible Saudi Arabia, the ones controlling oil prices, will potentially be peaking between 2012 and 2017. With reports showing they may be lying about the number of barrels they have, by as many as 300 billion barrels.


Via Lauren Moss
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Global Energy Subsidies Map -- National Geographic

Global Energy Subsidies Map -- National Geographic | Development geography | Scoop.it
Fossil-fuel subsidies are a growing fiscal burden that encourage wasteful consumption. See which countries have the largest subsidies around the world.

Nations are weighing phaseout of fossil fuel subsidies, a growing fiscal burden that ratchets up carbon dioxide emissions by encouraging wasteful oil, natural gas, and coal consumption. The largest subsidies are in developing countries, which spend more than $400 billion annually shielding their populations from high fuel prices. But oil industry tax breaks and other government measures in developed nations also subsidize fossil fuels, to the tune of $45 billion to $75 billion per year.

Click on the link for the interactive global map...


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Ollie Metcalfe's curator insight, November 4, 2013 4:59 PM

Shows for fossil fuels, as well as having detrimental effects on the atmosphere also have a devastating effect on country's economy's by requiring the use of subsidies