Fossil fuels

USA: The high cost of fossil fuels

According to a recent report published by a US environmental organization, fossil fuels are due to cost the United States up to $23 trillion between 2010 and 2030. To TreeHugger, these energy sources cost one trillion in 2008 alone. 85 percent of US energy comes from coal, oil and natural gas. This leaves only 15 …

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Cutting fossil fuels subsidies to cut emissions

The UNEP issued an interesting report on how cutting the subsidies given to big oil and coal companies would cut by up to six percent per year global greenhouse gases emissions. Up to 300 billions USD (around 200 billion euros) are spent annually on subsidies for the energy sector, all of them being benefiting in …

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High oil prices are slowing down globalisation

When I was studying international management at Audencia, we talked about how high oil prices could slow down globalization and that we may go toward glocalization. It seems it was quite a correct reasoning as according to a most interesting article from the New York Times, it is already occurring because of current oil prices …

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Oil producing countries to export less fossil fuels

The IHT proposed on December 9th an interesting article on the future of the oil market which brings even more gloomy prospects. The article strongly reinforces my opinion that we (France, Europe, the entire world…) should work fast on energy efficiency in order to consume less energy. To the journalist, oil-rich countries like Mexico or …

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