What's a Realistic Retirement Age?
Farmers Hit the Jackpot in Kansas Oil Boom
According to the chief economist at the International Energy Agency (IEA) in Paris, the world could be hurtling toward an energy crunch that could effectively kill any global economic recovery. Dr. Fatih Birol said in an interview that most major oil fields in the world have eclipsed their peak production. Birol noted that the public and many governments are oblivious to the fact that oil is running out faster than earlier predicted, with global production likely to peak in roughly 10 years.
Birol said, "One day we will run out of oil, it is not today or tomorrow, but one day we will run out of oil and we have to leave oil before oil leaves us, and we have to prepare ourselves for the day. The earlier we start, the better." It will not be cheap to convert from our dependence on oil, but the cost may be better than the possibility of having no oil whatsoever; or having $200-per-barrel oil.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
