28 Sep '11, 8pm

U.S. Military to Spend Big on Alternative Energy | Peak Oil News and

U.S. Military to Spend Big on Alternative Energy | Peak Oil News and

Researchers at the Peterson Institute for International Economics found that “over one-third of the increase in the U.S. poverty rate in 2010 resulted from the rapid rebound in oil prices .” The NY Times wrote that a new rule proposed by the Commodity Futures Trading Commission (CFTC) will encourage — rather than reduce — speculation in the commodities markets. Robert Rapier shared his views on Hawaii’s energy situation , his home state, in the form of a Q&A. Interesting article about the non-conventional public view that John Hess, the CEO of Hess Corp., is taking in regards to the challenges posed by Peak Oil , including three facts the world needs to face. The comments from Mr. Hess were from a 2009 speech, but have proven timely nonetheless.

Full article: http://peakoil.com/consumption/u-s-military-to-spend-big-...

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