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Saturday, 23 July 2016

EYE on the World - " Between The Devil And The Deep Blue Sea"

"Stories Going Beyond The Mainstream" 


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 " Between The Devil And Deep Blue Sea "  



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Worried Yet? Climate Heat Records - Devil Dancing!



 

Global Temperatures Are on Course for Another Record This Year


The world is on pace to set another high temperature benchmark, with 2016 becoming the third year in a row of record heat.

NASA scientists announced on Tuesday that global temperatures so far this year were much higher than in the first half of 2015.

Gavin Schmidt, the director of NASA’s Goddard Institute of Space Studies, said that while the first six months of 2015 made it the hottest half-year ever recorded, “2016 really has blown that out of the water.”




$50 Oil Could Cause Economic Collapse 



$50 Oil Doesn’t Work


$50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per barrel oil. But is $50 per barrel oil helpful?
I would argue that it really is not.

Hong Kong Real Estate Slump Worst In 25 Years 


 


Hong Kong facing weakest real estate market in 25 years

One of the world’s priciest housing markets has seen an unexpected slump, according to first quarter economic reports. Hong Kong is suffering from dwindling retail sales and facing its weakest property market in 25 years.
Another of Asia’s financial-hub, Singapore, is suffering from similar problems, despite seeing a slight economic expansion in the first quarter, according to Bloomberg.
Both countries are being affected by China’s economic slowdown.


Few Signs China's Economy On The Mend



As China’s Economy Slows, Beijing’s Growth Push Loses Punch

Mo Ping for years made his living by tending the mango and jujube trees that he grew on less than an acre on this tip of land in the far south of China. Then last year Mr. Mo and others in his village near the city of Leizhou received what they considered a lowball offer to sell their land to make way for a $1.5 billion coal-fired power plant. Most rejected it, but the local government sent in bulldozers anyway.


EU Apocalypse Assured By Italy's Meltdown  



ITALY is on the brink of financial and political meltdown as the leader of the Eurozone’s third-largest economy tinkers on the edge of career suicide, plunging the already beleaguered European Union into fresh chaos

Matteo Renzi faces stepping down in October if he loses the referendum

Italy will DESTROY EU: Warning as Italian referendum to spark euro economic APOCALYPSE

Matteo Renzi has promised to resign if he loses a referendum on constitutional reform in October, which threatens to shake the financial foundations of the nation and push contagion to other nations in the crumbling bloc.
The Pro-EU Premier’s nickname is II Rottamatore - The Demolition Man - but many fear this moniker may come back to haunt him and he could become the main target for his own demolition.
Renzi’s departure would be taken badly by markets that have backed his reform agenda.


No Foreseeable End To Fossil Fuels Consumption - And Hence Climate Chaos 

CLIMATE NEWS


Hooked! 

The Unyielding Grip of Fossil Fuels on Global Life 

Here’s the good news: wind power, solar power, and other renewable forms of energy are expanding far more quickly than anyone expected, ensuring that these systems will provide an ever-increasing share of our future energy supply.  According to the most recent projections from the Energy Information Administration (EIA) of the U.S. Department of Energy, global consumption of wind, solar, hydropower, and other renewables will double between now and 2040, jumping from 64 to 131 quadrillion British thermal units (BTUs).
And here’s the bad news: the consumption of oil, coal, and natural gas is also growing...



OCEANS May Hold Energy Future In Large Hydrogen Gas Reserves



ENERGY FUTURE NEWS

 

Oceans may be large, overlooked source of hydrogen gas


Gas may lie near slow-spreading tectonic plates on the seafloor
DUKE UNIVERSITY 
DURHAM, N.C. -- Rocks formed beneath the ocean floor by fast-spreading tectonic plates may be a large and previously overlooked source of free hydrogen gas (H2), a new Duke University study suggests.
The finding could have far-ranging implications since scientists believe H2 might be the fuel source responsible for triggering life on Earth. And, if it were found in large enough quantities, some experts speculate that it could be used as a clean-burning substitute for fossil fuels today because it gives off high amounts of energy when burned but emits only water, not carbon.
Recent discoveries of free hydrogen gas, which was once thought to be very rare, have been made near slow-spreading tectonic plates deep beneath Earth's continents and under the sea.
"Our model, however, predicts that large quantities of H2 may also be forming within faster-spreading tectonic plates -- regions that collectively underlie roughly half of the Mid-Ocean Ridge," said Stacey L. Worman, a postdoctoral fellow at the University of Texas at Austin, who led the study while she was a doctoral student at Duke's Nicholas School of the Environment.
Total H2 production occurring beneath the oceans is at least an order of magnitude larger than production occurring under continents, the model suggests.
"A major benefit of this work is that it provides a testable, tectonic-based model for not only identifying where free hydrogen gas may be forming beneath the seafloor, but also at what rate, and...

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