The idea of energy limits, in particular running out of oil, is no longer in fashion or correct.
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"One of the engineers ran up covered in oil, running through the dining room and smoke filled the dining room and everybody was evacuated and given life jackets, " she said.
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What started as an idea of "running a country without oil" in a white paper quickly evolved from vision to reality in the company's first two markets, Israel and Denmark.
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We're not even close to running out of oil, as many in the 1970s feared.
In other words, Europe is running out of oil and scrambling to secure new supplies to fill the losses.
On Tuesday, the U.S. Coast Guard said the fire started with a leak in a fuel-oil return line running from one of the ship's engines.
In October, Russia's richest oligarch, Mikhail Khodorkovsky, was arrested and charged with fraud and tax evasion in connection with his running of Yukos, an oil giant.
In the 1980s the link was downplayed in reaction to Malthusian alarms of the 1970s, when it was fashionable to argue that population growth had to be reined in because oil and natural resources were running short.
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Some lawmakers are calling for an inquiry into the oil sector, in particular the running of the state-owned Nigerian National Petroleum Corporation, widely perceived as the home of some of Nigeria's most explosive scandals - and the source of gigantic sums of money.
Now, various rival rebel factions and corrupt bits of the Russian armed forces are slugging it out for a slice of the oil money while indulging in gun-running and other rackets.
And the loss of billions in oil revenues may simply have priced Iran out of running a two-front terror war.
That said, my own guess is that copper and oil, both in high demand for building and running the Chinese economy are safer bets to commit money.
The Mountain Pass mine, which had been bought in 1977 by Unocal, the oil company, began running into all kinds of regulatory problems concerning waste disposal, just as it was losing market share to cheaper Chinese competitors.
But many cities are still without running water, and the country with the second-largest oil reserves in the world is importing gasoline.
There have been one or two high-profile disputes in recent years: a long-running one concerned representation on North Sea oil rigs.
And he understood that when he was running for President back in 2008 when there was a spike in the price of oil.
In fact, it is running what could be the definitive test of fish oil-based drugs: a study of whether adding Vascepa to a statin medicine in patients with high triglycerides reduces the risk of cardiovascular disease.
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Located in the Caucasus region, Georgia is essential for gas and oil pipelines running from the Caspian Sea to the west, and therefore is strategically important for both Russia and the west.
Helped by a worldwide slump in oil prices, he has managed to bring inflation down for four months running (see chart), even if the government's year-end target of 50% looks too optimistic by 15 percentage points.
Instead, the oil inflation of 2011 was widely believed to reflect a long-term structural increase in demand from China and other developing economies running into the inexorable limit of a global oil supply that is at or near its geological peak.
He has interests in metal, oil and gas trading and a large property portfolio, as well as running Highland Spring.
Thiel and his colleagues placed bets that reflected his contrarian nature: they bought Japanese government bonds when others were selling, concluded that oil supplies were running out and went long on energy, and saw a bubble growing in the U.S. housing market.
That is partly because annual oil-price inflation is running at 17%, compared with 100% at its peak in 2008.
Chicken Littles in those days argued that the earth was becoming overpopulated, that we were running out of food, oil and other natural resources, that we were becoming more polluted.
In fact, diversification of the economy away from its dependency on oil and gas, is riding in the air, and the Forum panels had this thrust running deep.
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