CRUDE OIL - A SHRINKING RESOURCE

CRUDE OIL, ENERGY, SHIPPING

Monday, May 28, 2007

Andrea, Barry, Chantal, Dean, Erin or Felixxxxx

As Atlantic hurricane season starts from June 1, NOAA Climate Prediction Center has issued a cautious prediction for the upcoming season. The initial forecast for 2007 is same as that was for 2006, a year which fell way short on NOAA expectations due to sudden outbreak of El Nino.

Scientists are giving three fourth chance to an above normal season in 2007. They expect La Nina to help them get their numbers on the whirlpool roulette this year.

ABOVE NORMAL 75%
NORMAL 20%
BELOW NORMAL 5%

NAMED STORMS 13-17
HURRICANES 10
DAEMONS 3

Some attribute increased seasonal activity in the Atlantic ocean in recent years to the global warming. Whereas some have worked out that the warming has contributed only abt 1% to the raging ocean. The debate is still wide open to the house.

While academists argue, Oil has already breached 70 at the start line.

Tuesday, May 01, 2007

Mother Earth Do have 'em

"If you believe all the garbage you've been reading, seeing and hearing lately about global warming, then you probably still believe the Earth is flat. As for me, I'll keep on driving my 4-litre Falcon, use as much water and electricity as I want, take as many airline flights as I please, and keep the woodburner well stoked throughout the winter." - Garth George

Garth is not alone in this world to have such high priorities in life, he shares his great expectations with seven billion people living in their own utopia. Among these seven billion homosapeans a good number can reason out the demise of resources and imbalance of nature and climate due to fast increasing (faster than the nature could handle) use of energy and material, but they would still persist with their quest for comfort as they do not want to dwell in the future and want to make the best of today.

Garth doesn't need to bother till the time he is getting water in his taps, gas stations do not put "NO GAS" board, electric wires are live and charged. For the time being he can blissfully beat the heat and live in his cool paradise. But as the taps go dry, gas stations run outta gas and electric wires turn into dead barn ropes, he will start feeling the heat and come out of fool's paradise.

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