Some 7 billion tonnes of coal is produced worldwide per year which is equal to weight of 14,000 world trade center buildings (9/11). Worldwide oil production for year 2010 was 30 billions of barrels. http://www.worldcoal.org/coal/coal-mining/ http://people.hofstra.edu/geotrans/eng/ch5en/appl5en/worldoilreservesevol.html Finally this will explain the main reason why world economy is in serious trouble today. For past 50 to 100 years, world factories and manufacturing facilities have been working and producing products and goods for 24 hours a day and 365 days a year. Honestly speaking factories and manufacturing facilities should function/work for 12 hours a day only that is 9.00 a.m to 9.00 p.m. That is the reason the world resources and raw materials are in serious trouble and world prices are sky-high because everything has been consumed in a short span of time. Human beings are breeding like rats and they say rats are breeding like rats. To feed the massive hunger (food and products) of 7.5 billion to 8 billion people the world production works for 24 hours a day which further increases the population. If the world factories would have been working for 12 hours a day only for past 50 to 100 years, then only 50% of world's resources would have been consumed today. The world economy would have easily survived for another 100 years without any problem. There would have been no financial crisis and multi-trillion bailouts for next 100 years and more. The human greed to develop very fast and competition has led to the downfall of world economy ultimately. Example, if there is 200 storey building, you will reach the top of the building by elevator/lift or staircase. If you use elevator you reach the top in 2 minutes and then you have to come down. If you use staircase, you reach the top in 2 hours and then you come down. All the world factories should be shut down for 12 hours a day. There should be death silence so that everybody and animals can rest in peace and the Earth can cool down for 12 hours a day.
so it has snowballed to this day... start a campaign and get ppl to only spend 50%, eat 50%.... cut obesity by 50%? lol save on drugs and research. what else what else? but based on history, probably will just go to war to get outta the hole.
The root cause of "Arab troubles" is peak oil. Between limited ability to increase production (or outright production declines) and increased domestic demand, the authoritarian ability to fund food and fuel subsidies is hampered. And hungry people have a higher tendency towards Regime Change.
Year 2010, world oil business was $2.7 Trillion but Forex transactions are worth $1,100 Trillion per year. Why do world people give high importance to Oil/petrol?
Pakistani media reported Pasha's briefing on the Abbottabad raid to the Pakistan national assembly when he warned India against attempting any Abbottabad-like operation against top Indian targets like Dawood Ibrahim or Hafiz Saeed. Promising a "befitting response", Pasha said a contingency plan was in place and targets inside "India had already been identified". Pasha told the lawmakers, "We have also carried out rehearsals for it." After Army chief V K Singh's ill-judged comments, India put a gag order on responding to Pakistan's verbal assaults. At the highest levels, India has determined that it would serve no purpose to add to Pakistan's humiliation post Abbottabad. India may well have the capability to do an Abbottabad but the risk of a disproportionate retaliation from Pakistan is very high. At this point, India is not willing to go down that path. http://timesofindia.indiatimes.com/india/India-quiet-on-Pashas-bravado/articleshow/8380244.cms