Japan, Peak Oil, Politics, Technology and Computing
The City stirs and sees the danger?
Peak Oil
Two quite interesting stories in the press. First up is the Guardian’s reporting of Lloyds of London’s acknowledgment of Peak Oil.
One of the City’s most respected institutions has warned of “catastrophic consequences” for businesses that fail to prepare for a world of increasing oil scarcity and a lower carbon economy.
The Lloyd’s insurance market and the highly regarded Royal Institute of International Affairs, known as Chatham House, says Britain needs to be ready for “peak oil” and disrupted energy supplies at a time of soaring fuel demand in China and India, constraints on production caused by the BP oil spill and political moves to cut CO2 to halt global warming.
“Companies which are able to take advantage of this new energy reality will increase both their resilience and competitiveness. Failure to do so could lead to expensive and potentially catastrophic consequences,” says the Lloyd’s and Chatham House report “Sustainable energy security: strategic risks and opportunities for business”.
Japan, low tech country?
Quite an interesting article which is a bit of an overview of the paradox of Japan being consider to be high-tech… yet being completely backward sometimes when it comes to technology.
13 Jul 2010 Gavin comments off