BBC Business Headlines

Shazam! Apple buys music recognition app
Rivalry against Spotify and augmented reality ambitions are two possible reasons for the takeover.


HSBC prosecution threat in US lifted
The bank's five-year probation in the US that followed allegations of Mexican money laundering is over.


Major Forties oil pipeline to be closed for repairs
The Forties pipeline's owner Ineos says that, despite pressure being reduced, a crack has extended.


HP laptops found to have hidden keylogger
A researcher finds more than 460 models have the hidden software pre-installed.


Bitcoin futures trading begins on CBOE exchange in Chicago
Bitcoin rises 17% to above $18,000 on its futures debut, a move seen as legitimising the currency.



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Paul Krugman

Pessimism and Paralysis in the Aftermath of the Financial Crisis
Remember when U.S. workers supposedly couldn’t be employed? read more...




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The Myth of the Oil Crisis: Overcoming the Challenges of Depletion, Geopolitics, and Global Warming

by Robin M. Mills

Published by Praeger Publishers


Listen to podcast interview:

With oil around $100 a barrel, drivers wince whenever they pull into the gas station and businesses watch their bottom lines shrink. "Watch out," say doomsayers, "it will only get worse as oil dries up." It's a plausible argument, especially considering the rate at which countries like China and India are now sucking up oil. Even more troubling, the world's largest oil fields sit in geopolitical hotspots like Iran and Iraq. Some believe their nations need to secure remaining supplies using military force, while others consider dwindling supplies a blessing that will help solve the problem of global warming. But wait--is it really the "end of oil"? Absolutely not, says geologist, economist, and industry-insider Robin Mills. According to Mills, many ideas about petroleum depletion and its consequences are not just grossly overstated but plain wrong.


pub date: 2008-08-30 | hardcover | 9780313354793