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This posting is provided "AS IS" with no warranties, and confers no rights. The opinions expressed within are my own and should not be attributed to any other Individual, Company or the one I work for. I just happen to be a classic techie who is passionate about getting things to work as they should do (and are sometimes advertised and marketed as being able to?) and when I can I drop notes here to help others falling in to the same traps that I have fallen in to. If this has helped then please pass it on - if you feel that I have commented in error or disagree then please feel free to discuss with me either publically or privately? Cheers, Dave
Thin Clients, VDI and Linux integration from the front lines.... Raw and sometimes unedited notes based on my experiences with VMware, Thin Clients, Linux etc.

Now I haven't really been posting half as regularly as I used to prior to my recent trip back to Australia, it's not so much that I don't have things to say, more a case of having a number of things on my mind that aren't ready to be public just yet.......  Hopefully more news on that in the next few weeks?

However I did notice that Australia has a booming economy due to the recent hikes in resource prices over the last year or two, and what is even more surprising is the sudden increase in Uranium Mining companies in Australia even though the government has long had a policy of just holding to the 2 or 3 we have now with no increase.

What is becoming clear is that with the current price of Oil now appearing to have stabilized above $70/barrel it seems that Nuclear is quite possibly becoming fashionable again? I don't necessarily believe it's the only answer, but with the increasing demand for energy in China now and India coming on close behind and with 60% of the Oil Reserves sitting under the ground in the rather unstable Middle East you'd have to think the days of $20/barrel for Oil are long gone.

Originally prompted by this article in the Sydney Morning Herald - A thirsty world is running dry
The world's biggest oil company, Exxon Mobil, made a profit of $A13.6 billion last quarter. That works out at $54 billion a year, or $1 billion profit a week.

Last week, all five global oil giants reported their quarterly results and all told the same story: Royal Dutch $9.5 billion profit (up 40 per cent); BP $9.5 billion (up 30 per cent); ConocoPhillips, $6.8 billion (up 65 per cent); and Chevron, $5.7 billion (up 19 per cent). That's a collective quarterly profit of $45 billion - almost $3.5 billion a week.

The announcements came at exactly the same time that the coast of Lebanon was being despoiled by a large oil spill after Israel bombed a power plant near Beirut. As if the only true democracy in the Arab world needed another catastrophe.

The symbolism speaks for itself.

All this at a time when the world is paying record oil prices, fuel production is experiencing bottlenecks caused by a shortage of oil refineries, which suggests Big Oil must have good reasons not to expand supply. And the high cost of oil - required in the production and supply of nearly everything we buy - has rippled through the global economy, pushing up inflation and interest rates.

"Our society is in a state of collective denial that has no precedent in history, in terms of its scale and implication," writes scientist Jeremy Leggett in a book, Half Gone (2005), about the imminent arrival of "peak oil", when global oil reserves begin to run down. Half Gone argues that "peak oil" has already arrived, and we are not prepared for the consequences.

Even if Leggett has overstated his case, innumerable scientific reports have urged the need for a move away from oil dependence. In 2004 a unit of the United States Department of Energy warned: "A serious supply-demand discontinuity [shortage] could lead to worldwide economic chaos."

Yet there remains a breathtaking gap between the rhetoric of the war on terrorism and the absence of common sense. As Leggett writes: "Of America's current daily consumption of 20 million barrels, 5 million are imported from the Middle East, where almost two-thirds of the world's oil reserves lie in a region of especially intense and long-lived conflicts.

"Every day, 15 million barrels of oil pass in tankers through the narrow Straits of Hormuz, in the troubled waters between Saudi Arabia and Iran. The US Government could wipe out the need for all their 5 million barrels [from the Middle East] by requiring its domestic automobile industry to increase the fuel-efficiency of cars and light trucks by a mere 2.7 miles per gallon.

Posted on Sunday, July 30, 2006 7:43 PM | Back to top

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