By Kevin Morrison
ISBN-10: 047051891X
ISBN-13: 9780470518915
ISBN-10: 0470697458
ISBN-13: 9780470697450
At a time whilst the realm is grappling with emerging nutrition and effort costs and weather switch, residing in a cloth global presents an perception into many of the contributing elements in the back of those demanding situations. The emergence of latest shoppers in China, India, Russia and the center East has extra ambitious festival to the average assets which have been taken without any consideration within the built world.Everything we eat contains using metals, fossil fuels or agriculture. Our excessive tech 'lifestyles' depend upon the safe provide of those uncooked fabrics which we take from planet earth and use to make our lives more well-off, extra efficient or extra plausible. The impact of this expanding international call for for commodities has driven up costs of fabrics from oil and copper to corn and wheat; forcing shoppers to pay extra for the various 'necessities' of lifestyles, from a loaf of bread to electrical energy bills.Since the commodity increase has opened up, commodities have long past from the again web page of the newspaper to front; with increasingly more headlines approximately list nutrition and oil costs, dire weather swap warnings, power defense and China's call for for extra uncooked materials.This period of excessive oil and nutrition costs isn't any passing part: the availability of many key normal assets is stretched to the restrict. yet what's the genuine cost?Living in a cloth global makes the hyperlink among uncooked fabrics and the patron, and indicates how they're proper to every body, daily - now extra so than at any time because the final oil surprise approximately 3 a long time in the past. a distinct perception into this 'once in a new release' growth, the ebook indicates how the expanding worth of commodities is impacting on shoppers and traders, in methods we're in simple terms simply commencing to understand."It used to be an outstanding excitement to learn this ebook which gives a vital historical past to figuring out commodities for anyone attracted to realizing them extra heavily. it's so infrequent to determine all of the crucial components introduced jointly in a single book."–Chris Brodie, Krom River companions LLP"Kevin Morrison got down to write a e-book concerning the day-by-day relevance that uncooked fabrics have for the normal shopper. He has completed his aim par excellence. the subject material has been comprehensively researched and good documented - but the author has shunned utilizing complex technical language. the fashion of the ebook is extra in music with a unique and the most subject matters are taken care of with a distinct feel of humour. i might quite simply suggest this paintings to somebody drawn to how worldwide power concerns have an immediate impact on us all."–Mehdi Varzi, President, Varzi power, London
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Extra info for Living in a Material World: The Commodity Connection (Wiley Finance)
Sample text
The desire for energy security has become more and more apparent. The demand for oil has not slowed down, in fact if anything it has accelerated with the unprecedented growth of China. The increase in demand comes at a time when oil supply from traditional sources in the North Sea and the Gulf of Mexico is declining – a trend that appears irreversible – leaving the world more reliant on oil supplies from the Middle East, Russia, central Asia and West Africa. 29 Opec has been a major beneficiary of high oil prices this decade, recording record export receipts that have been used by some Gulf countries to acquire overseas assets to diversify their economies away from oil dependency.
Uranium – the metallic element that is turned into nuclear power – comes largely from politically stable countries such as Canada and Australia. Relatively little uranium is required to create the nuclear power that, in turn, produces electricity, therefore the volume of uranium required for the future is nowhere near the vast quantity of fossil fuels required. Like other commodity markets, it is the demand from China25 and India that is really changing the dynamics of the nuclear industry. The world’s electricity capacity from nuclear power is expected to expand by about a fifth by 2030, according to the IEA (International Energy Agency, 2007).
With more proactive legislation on renewable energy and higher energy prices, the money people in the San Francisco area who backed the computer, internet and telecommunications technology start-ups in the 1980s and 1990s are turning their attention and dollars to renewable energy and energy-efficient technologies such as longerburning light bulbs and electric cars. With the combination of dollars and brains, the proponents of renewable energy – also known as clean energy – are hoping that technological advancements will be made in the areas of solar, wind and biofuels in the same way that a mobile phone was turned from the electronic brick of the 80s to a slimline device that can send emails, take pictures and play music.
Living in a Material World: The Commodity Connection (Wiley Finance) by Kevin Morrison
by Daniel
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