Wednesday, April 4, 2012

Quick Stat on the Lavish Life of the Black Gold

Saudi Arabia now consumes more oil than Germany which has three times the Saudi population. It is consuming a quarter of its own production. By 2040s, the Saudis will be a net importer...

Gorvachev held his ground on this point while discussing with the Iron Lady back in the 1980s: The world cannot consume at the same growth rate as developed countries; there are not enough resources. But Soviet inefficiency was as bad of a calamity as his opponents' capitalist consumption goals.

Alternative energy just stopped being "Green". It is It.