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Global Must Read Articles

May 29, 2008 | Missing Points in the Fuel Price Debate

In the current discussion about the response to high fuel prices one point was missed: the world is producing one barrel of oil for every three we consume. ++ Although the price of petrol has increased by 4.7% a year, in real terms the price of cars is now 40% cheaper than 18 years ago. ++ Devising appropriate offsetting fiscal, monetary and energy policies will become more difficult. ++ Our

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May 16, 2008 | The Future Should be Energy Efficient

Growing oil prices and diminishing supplies of natural resources increasingly give rise to doubts regarding the long-term stability of an economy that relies on fossil fuels. The underlying assumption of pessimistic analyses based on the “peak oil” theory is that oil production reached its highest level long ago and will decline continuously from now on - while demand keeps growing. This means we

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