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Warning: Oil supplies are running out fast - Common Dreams: Headlines
by Steve Connor The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned. Higher oil prices brought on by a rapid increase in demand and a stagnation, or even decline, in supply could blow any recovery off course, said Dr Fatih Birol, the chief economist at the respected International Energy Agency (IEA) in Paris, which is charged with the task of assessing future energy supplies by OECD countries. ...
NewsRack

Summers: Economy no longer in free fall
The economy is no longer in free fall and speculation has shifted to when the recession will end from worries about a depression, says Larry Summers, head of President Obama's National Economic Council.
Market Watch

Nissan foresees `mass market` for electric cars
Pure-electric vehicles could account for 10 per cent of all new car purchases by 2020, Carlos Ghosn, head of the Renault-Nissan alliance, predicted as he unveiled an emissions-free family hatchback
FT

Ex-Credit Suisse banker to head assets agency
LONDON (Reuters) - Britain has appointed former Credit Suisse banker Jeremy Bennett as the acting head of the Asset Protection Agency, the body created to insure almost 600 billion pounds of risky ban...
BBC

MoD payout decision `incredible`
The ex-Head of the Army General Sir Mike Jackson says a review into compensation for injured troops should be independent.
BBC

China Suspends 2 Environment Bosses For Pollution
China Detains Chemical Plant Head, 2 Environment Officials After Factory Waste Pollutes River
CBS News

Law firm Davidson Chalmers lures Ogston to tackle ownership rule changes
JACK Ogston, former head of corporate and structured finance at Clydesdale Bank, is joining the board of commercial law firm Davidson Chalmers, to help it tackle changes in ow
Scotsman

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