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Showing results for tags 'oil'.
Given that there are general threads on Japan, Brazil, Greece, China , Italy, Germany and Australia, it's only fair to have a Venezuela general thread. Venezuela may not be a significant economy thread compared to the aforementioned, but it's not insignificant. An oil rich nation with such levels of poverty is unheard of. Venezuela is probably a major historical event that demonstrates the world how not to run an economy. The middle class of Venezuela has been decimated, the poor are waking up (some anyways, there's always the gib's me that crowd). The rich left long ago. Some relevant videos: http://www.housepricecrash.co.uk/forum/index.php?/topic/101429-australia-faces-its-demons/
I was doing some quick research into Solar energy and other types of non-fossil fuel energy. I believe as of 2014 atleast 5% of US energy is provided by Solar, though no hard figure I can provide. At this rate, it would cross >25% before 2018 !! (Though no one is publicly stating it) Also I read an article which says, last 2 years solar power is expanding exponentially. Many cities/states have installed more solar power this year/last year than previous 30 years combined !! My argument is , how long Middle East money rules? Will the dip in oil prices be permanent? Would like to collect some data/articles related to non-fossil fuel energy (like the Gold Thread) !! Cheers.