Tag Archives: oil

ska bid

Fracking won’t impact on SKA bid

There seems to be little chance that oil giant Shell’s plans to prospect for shale gas in the Karoo Basin using the “fracking” method will have an impact on South Africa’s bid to host the square kilometre array (SKA) radio telescope. Science and Technology Minister Naledi Pandor said this in a written reply to the National Council of Provinces. “An application can only have impact if granted,” she said. “If the Shell application is granted, and if Shell uses communication systems with frequency ranges that interfere with radio telescope operations, […]

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Water is the New Oil

Russia is considering becoming the world’s top supplier of fresh water as growing demand turns it into a strategic resource. That is if it can upgrade its own consumption to modern standards. If you pay attention to the perils that future may bring, you probably know that the oil will run dry, the sea level will rise and drown coastal regions, and that fresh water will be such a valuable asset that even the oil price will seem low in comparison. All this provided that the world will not end […]

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Will H2O Scarcity be the Next Global Challenge?

Until recently, the industrialized nations have taken cheap, abundant fresh water largely for granted. Now global population growth, pollution, and climate change are shaping a new view of water as a potentially scarce resource that may drive up prices and fines around the world. In Barcelona, Spain, for example you can be fined €9,000 ($13,000) for watering your flower garden. In highly populated developing nations, water shortages and poor access to clean water has been an increasingly common concern. Currently 1.1 billion people living without access to safe drinking water. […]

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Clem Sunter – SA Water could have Eskom type problems

Irrespective of Copenhagen, oil is becoming a scarce commodity with only 90 years of cheap reserves left and peak production expected in the next five years. With any kind of recovery, oil will go straight through $200 a barrel. Since oil revenues are more than all other commodities combined, this could have a major inflationary impact. Water is also moving into the same category. Australia is having to surround itself with desalination plants to cope with rising needs. Desalinated water costs six times more than water from natural sources. South […]

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