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Africa
Southern Africa - Photographs
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- Written by: Richard_McKie
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Spain is in the news.
Spain has now become the fourth Eurozone country, after Greece, Ireland and Portugal, to get bailout funds in the growing crisis gripping the Euro.
Unemployment is high and services are being cut to reduce debt and bring budgets into balance. Some economists doubt this is possible within the context of a single currency shared with Germany and France. There have been violent but futile street demonstrations.
I've always thought that would be a good headline.
Now that I have your attention I have to report that Emily McKie, my daughter, is the author of a new e-book on Smart Grid technology in her sustainable cities series.
The following paper was written back in 2007. Since that time the Global Financial Crisis (GFC) struck and oil prices have not risen as projected. But we are now hearing about peak oil again and there have been two programmes on radio and TV in the last fortnight floating the prospect of peak oil again.
At the end of 2006 the documentary film A Crude Awakening warned that peak oil, ‘the point in time when the maximum rate of petroleum production is reached, after which the rate of production enters its terminal decline’, is at hand.