Word: oil
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...every month. What is Beijing up to? When China declared 2006 to be the "Year of Africa," hosted 48 African nations at the annual 2006 China-Africa summit and rolled out the red carpet for 17 African heads of state, we assumed it was all about gaining access to oil and minerals to fuel China's awesome economic growth. But there is much more going on than a meet, greet and grab from the African continent. China has big economic plans and ambitions in Africa that go beyond oil and minerals. While much of the world still views Africa...
...would like to let on: Africa is inscrutable, wild, primitive and decades away from genuine modernization. Like the European businessmen in Conrad's 1902 novel, we assume Africa's only assets come from the land or beneath it. In the Heart of Darkness it was ivory. Now it is oil and minerals...
...pride in an area in which it has justifiably claimed to be a world leader. Brazil gets about 92% of its energy from hydroelectric sources, an unusually high percentage and one that is natural, renewable and non-polluting. The blackout will not alter that. Brazil has enough gas- and oil-fueled plants to serve as back-ups in case of drought, and it will add another 20,000 MW of capacity by 2014, according to Rafael Schechtman, director of the Brazilian Centre for Infrastructure...
...Without the energy revolution that the IEA says is necessary, oil prices will rise by 2020 to about $100 a bbl. in pre-2008 dollar values and by 2030 to about...
...Energy demand will rebound sharply once the recession ends and rise about 40% by 2030. Fossil fuels - oil, coal and gas - will make up about three-quarters of the global increase in energy consumption...