According to Nobel Laureate Joseph Stiglitz and Harvard economist Linda Bilmes, the Iraq War cost three trillion dollars. While much of the money used to conduct the war was borrowed (most notably from Chinese institutions), ultimately American taxpayers will be responsible for many years to come for footing the bill, including the high interest payments on the funds loaned.
American Oil Crisis
American Oil Crisis News and Info
Big Crash Coming?
Posted in October 29th, 2009
by kristinsponsler in Economics, Global, Human ecology & behaviour, Media & persuasion, North America
In More Like A Depression Every Day, I described strong deflationary pressures in the American economy despite the Shock & Awe fiscal & monetary stimulus being applied. The flow of free money is supposed to counter deflation by boosting both asset values and government spending. Economist Nouriel Roubini, otherwise known as “Dr. Doom”, notes that this “wall of liquidity” is inflating asset values, not just in the United States, but all over the world.
Comments Off
The great biofuels debate – Oct 27
Posted in October 27th, 2009
by kristinsponsler in Biofuels, Climate, Community, Economics, Education, Energy companies, Energy demand, Energy policy, Environment & sustainablity, Food & agriculture, Geopolitics & resource wars, Global, Human ecology & behaviour, Industry, Media & persuasion, Politics
-Biofuel Displacing Food Crops May Have Bigger Carbon Impact Than Thought
-Biofuels rather than electric cars to meet renewables target
-Tanzania Suspends Biofuels Investments
-Who says it’s green to burn woodchips?
-Carbon advantage of biofuels may be overstated
Comments Off
ODAC Newsletter – Oct 23
Posted in October 23rd, 2009
by simoneosborn in Climate, Community, Economics, electricity, Energy companies, Energy demand, Energy policy, Environment & sustainablity, Global, Human ecology & behaviour, Natural gas, Nuclear, Oil, OPEC, Politics, renewable energy, Solutions
This week ODAC welcomes the publication of two important reports. In its excellent Heads in the Sand report, Global Witness provides one of the clearest summaries of the peak oil issue to date, including a trenchant critique of the IEA’s position…
Comments Off