Thursday, July 2, 2009

The State of Iraqi Oil

From the Iraq Oil Forum an interview with Jabbar Al-Luaibi on the state of oil production in Iraq. We may have gone to Iraq for the oil, but the current environment is in decline and not doing well at all.

Renewable Power and EVs - Hype or Hope?

From The Automatic Earth a posting about renewable energy and EVs and why they won't be there when we need them. It's all about the (lack of) infrastructure folks.

They Got Us By The Shorties

Oh yeah, they sure do. The US is the world's largest debtor nation. Some excerpts:Foreigners now hold nearly 50 percent of the federal government's publicly held debt.andForeign governments have taken notice - in particular, China, which now holds more U.S. Treasury debt than any other country. In the 12 months through April, China's portfolio of Treasury debt securities has soared by more than