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Will Brazil Really Nationalize Oil?
Brazilian oil workers with the FUP oil union have threatened a nationwide strike, in what seems like another step toward nationalized oil in Brazil.The saber rattling is aimed at Brazil’s biggest oil company, Petrobras. While contentious union relations at Petrobras are part and parcel of the company’s operations, what’s different here is that the conversation focuses on the pre-salt layer off Brazil, triggered by last year’s massive Tupi find.
The catastrophe behind climate change
As the estimated cost of measures proposed by politicians to "combat global warming" soars ever higher - such as the International Energy Council's $45 trillion - "fighting climate change" has become the single most expensive item on the world's political agenda.As Senators Obama and McCain vie with the leaders of the European Union to promise 50, 60, even 80 per cent cuts in "carbon emissions", it is clear that to realise even half their imaginary targets would necessitate a dramatic change in how we all live, and a drastic reduction in living standards.