BBC Business Headlines

US markets pick up amid global sell-off
The three major US indexes remain lower, but recover most of their losses as trading nears an end.


Italy budget: European Commission demands changes
For the first time, the European Commission tells a member state to change its national budget.


Gilberto Benetton: Co-founder of fashion chain dies
Gilberto Benetton is credited with masterminding the firm's expansion into a multi-billion euro giant.


Elon Musk says Twitter blocked him after Bitcoin tweet
The entrepreneur says Twitter believed his account had been hacked.


Liam Fox says Trump 'very keen' on trade deal
Will the decades of military collaboration between the US and UK matter in trade talks?



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Paul Krugman

Arms and the Very Bad Men
Trump’s rationale for going easy on Saudi Arabia is a shameful lie. 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