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Archive for February, 2011

The West is too used to getting oil for cheap (sometimes at a gunpoint.) The true price of oil is not reflected in the price an average user pays at a petrol pump. At around $3/gallon (less than $1/liter), oil is cheaper than coke in the US. No doubt US is intoxicated with oil.

The price is paid by people in oil producing countries. From the Iranians to Egyptians to Venezuelans to Ecuadorians.

The pressure for cheap oil has global implications too. The economy in the US is so transport dependent, that four/five major food producers provide meat for the entire country. Food at any store has on average traveled more than 500 miles. To grow 1 calorie worth of food, US spends more than 10 calories in burnt oil. There is no public transport to speak of. All that add up to make close to one fifth of world’s carbon emissions. Yes- the US alone produces about 20% of world’s carbon emissions. (China  22%/1.4billion, US 19%/.3billion, EU 14%/0.5billion.)

That can not be true forever. It has to change.

I am happy that oil prices are rising because of the ongoing revolutions.

Our economies are far more energy efficient. Food typically comes from the neighboring regions, unless there is a justification for brining them from afar. Eastern economies are much more robust with regards to high oil prices. Europeans are comparatively well off too.

Let us welcome the new era of expensive oil. I hope and wish to see $150/barrel by the year end, and $200-300/barrel in three years (adjusted for inflation.)

Let me also take the opportunity to express my best wishes for my struggling brothers and sisters.

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Crunch comes to Washington

Can I feel happy that I predicted the crunch in the US six months ago? It happened sooner than I expected. 🙂

By the way, protectionism is not going to save US economy in the long term because of some systemic faults. The crisis in Europe is going to go back to the US in two years time, while Asian economies will continue to grow.

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If you know any related articles, please share.

Al Jazeera English gains cachet in U.S. during Egypt rallies

Mubarak’s Fall Prompts Double Takes by Anchors

Al Jazeera English Blacked Out Across Most Of U.S.

Al Jazeera gains popularity during uprising

Egypt coverage gives Al Jazeera surge in US viewers

UPDATE: Here is a collection by AJE itself.

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HP G62-347NR and Ubuntu

I tried a new HP laptop G62-347 NR, which features an AMD Athlon 2.2 GHz 64bit dual core processor with Ubuntu.

My impressions of both the laptop and it’s compatibility with Ubuntu are positive.

The keyboard is a bit awkward. Usually the ‘Ctrl’ key is at the bottom left. Here it’s left but one. Gets in the way sometimes.

Other than that, it’s first class stuff. Wide screen, and flawless with Ubuntu.

Cheap too.

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