Phrase by 'James Buchan'
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Financial crises are like fireworks: they illuminate the sky even as they go pop.
Author: James Buchan - British NovelistLike , Go , Sky , Finance
There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.
Author: James Buchan - British NovelistMore , Three , Find , Age
Of all the failed technologies that litter the onward march of science - steam carriages, zeppelins, armoured trains - none has been so catastrophic to prosperity as the last century's attempt to generate electricity from nuclear fission.
Author: James Buchan - British NovelistScience , Last , Prosperity , Electricity
Ever since the destruction of Baghdad by the Mongols in 1258, the Muslim world has been in slow decline relative to the west. With Napoleon's invasion of Egypt and the creeping British annexation of Muslim India, that decline took on a malign aspect.
Author: James Buchan - British NovelistWorld , India , Egypt , Slow
By pouring money and goods into devastated regions, foreign aid workers sometimes compound the disruption and debauch the survivors.
Author: James Buchan - British NovelistSometimes , Money , Workers , Disruption
Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.
Author: James Buchan - British NovelistGreat , History , Fall , Railway
Nature is not simply a technical or economical resource, and human beings are not mere numbers. To suggest that one can somehow align all the squabbling institutions of science, environmental management, government and diplomacy in an alliance of convenience to regulate the global climate seems to me optimistic.
Author: James Buchan - British NovelistMe , Science , Nature , Environmental
All UK nuclear power stations should be shut down without delay.
Author: James Buchan - British NovelistDown , Power , Without , Nuclear Power
Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed.
Author: James Buchan - British NovelistWild , Speed , Falling , Precious
The use of refined petroleum as fuel, which began in the 1850s, freed hundreds of millions of people from the toil of centuries, gave hundreds of millions more a life of ease and plenty, and, by allowing great cities to feed themselves from every corner of the world, multiplied the population of the earth fivefold.
Author: James Buchan - British NovelistLife , People , World , Great
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