The Economist has an interesting article on defense spending by GDP. ON JUNE 8th China’s top military brass confirmed that the country’s first aircraft carrier, a refurbishment of an old Russian carrier, will be ready shortly. Only a handful of nations operate carriers, which are costly to build and maintain. Indeed, Britain has recently decommissioned [...]
Saudi Arabia
Peak Oil is here
Jeff Rubin in the Globe and Mail …Mr. Husseini acknowledged Saudi production is never likely to get to Aramco’s 12.5 million barrel per day target. Instead, the country is struggling to produce even 10 million barrels a day and it may soon encounter a production peak after which flow rates will inevitably decline. Yet the [...]
