The path to energy futures: the long march with pitfalls by Shellie Karabell, Brussels

There is an obvious connection between energy and economic growth: cheap fuel means lower production costs. As energy consumption is on an upward trajectory -with growth in the Far East and Latin America outpacing the industrialised countries in the near term - the key to prosperity is to develop cheaper and sustainable sources of fuel to replace fossil fuels and curtail the environmentally-unfriendly carbon footprint. 

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Even using all available sources of today’s energy, there are bound to be shortages, according to Gazprom’s Deputy Chairman, Alexander Medvedev. “Production demand in Europe, in a conservative forecast, will be half a trillion cubic metres by 2030; that’s 500-billion cubic metres a year. If you add together all the capacities of NorthStream, SouthStream, Nabuka, etc...there will still be a gap (between output and demand). So it’s necessary to invest now so nobody will fall into that gap.” 

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http://knowledge.insead.edu/EBS-energy-strategy-100726.cfm?vid=454

Price Earnings Ratio of PSEi at 10.62 - BUY?

God Hinting At Retirement

THE HEAVENS—At a press conference Tuesday, God Almighty, our Lord and Heavenly Father, gave his strongest indication yet that he might soon step down from his post as the supreme ruler of all things.

Following a routine address during which God confirmed the recent extinction of several thousand species, the Divine Creator fielded questions regarding rumors of his possible retirement.

"I've been at this a long time," said God, ∞, the all-knowing, all-powerful being who has presided over the cosmos since forming it from sheer nothingness nearly 14 billion years ago. "And the truth is, this was never something I planned on doing forever. Lately, in fact, I've begun to wonder if I should move on sooner rather than later."

Over the past few centuries, God has on numerous occasions deflected speculation that his reign might be winding down, but his remarks Tuesday appeared to signal a shift in celestial policy.

While touting his accomplishments as the prime mover of all space and time, the Lord spoke with surprising candor about the recent struggles of his absolute dominion over heaven and earth, acknowledging that it hasn't always been easy for him to keep up with the rapid pace of modern existence.

read more:

http://www.theonion.com/articles/god-hinting-at-retirement,17747/