The South African Civil Society Information Service
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
Glenn Ashton -
While motorists feel the pain of the recent ascent of the oil price to near record levels, the underlying reality of rising oil prices has profound implications right across society.
Barring an unprecedented oil discovery, the world will never again see the return of cheap oil. Oil prices will certainly never return to the levels of the 1990s, or even the first half of the first decade of this century.
The rise in oil prices is the harbinger of a major restructuring of modern...
Saliem Fakir -
Oil has become the bedrock of South Africa’s economy. But our economy is highly dependent on foreign imports of oil. About 60% of our transport fuel comes from overseas imports of crude, most of it from the volatile Middle East.
Recent and on-going upheavals in North Africa have had a marked effect on oil prices. Oil is now trading at just above US$120 a barrel. This is of concern because a 10% increase in the oil price can lead to a drop in GDP of as much as 0.5%.
The...
Saliem Fakir -
The impact of the power revolution is most felt in the way in which the new steam and electrical technologies transformed human life in general – forever, so to speak. One thing fed another, producing a cacophony of innovation and redefining the very nature of abundance.
What industrialisation and the power revolution have unleashed for the west has become the dream of not only of one power, but many powers who feel they have been excluded from its magic and capacity to bring seemingly...
