The S***t hits the fan

Peak Oil has been discussed on-line for quite some time, but while you are reading this, the thing is actually happening. A number of countries dependent on oil-imports headed by the US were so worried about the effect of high pill prices on the economy that they have decided to tap their emergency oil reserve to the market in order to lower prices by political intervention. Prices have, of course, fell, and as could be predicted, another group of countries dependent on oil-exports, OPEC - Saudi Arabia are obviously infuriated. Such a development is almost sure to have geopolitical consequences, but I predict that it will not be the winner of this battle, but the country that first breaks it dependence on oil that will be the next world leader.

When bad news are the good news

It is horrifying to read about the natural disasters that torment country after country. But maybe disasters like these is the only thing that can make our politicians wake up?