It's Official: The Era Of Cheap Oil Is Over

by Michael T. Klare from Countercurrents 12 June 2009 Every summer, the Energy Information Administration (EIA) of the U.S. Department of Energy issues its International Energy Outlook (IEO) - a jam-packed compendium of data and analysis on the evolving world energy equation. For those with the background to interpret its key statistical findings, the release of the IEO can provide a unique opportunity to gauge important shifts in global energy trends, much as reports of routine Communist Party functions in the party journal Pravda once provided America's Kremlin watchers with insights into changes in the Soviet Union's top leadership circle. Continue at http://www.countercurrents.org/klare120609.htm See also Oil price leaps to year's high

Water Scarcity 'Now Bigger Threat Than Financial Crisis'

by Geoffrey Lean from The Independent UK 15 March 2009 By 2030, more than half the world's population will live in high-risk areas. Humanity is facing "water bankruptcy" as a result of a crisis even greater than the financial meltdown now destabilising the global economy, two authoritative new reports show. They add that it is already beginning to take effect, and there will be no way of bailing the earth out of water scarcity. The two reports - one by the world's foremost international economic forum and the other by 24 United Nations agencies - presage the opening tomorrow of the most important conference on the looming crisis for three years. The World Water Forum, which will be attended by 20,000 people in Istanbul, will hear stark warnings of how half the world's population will be affected by water shortages in just 20 years' time, with millions dying and increasing conflicts over dwindling resources.

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