Moscow and Chávez agree nuclear pact

Hugo Chavez

October 15 2010  -President Hugo Chávez has announced a deal for Russia to build a nuclear power station in Venezuela, as well as making further arms purchases and establishing a binational bank.

“Venezuela is on its way to getting nuclear power. I hardly need to say so, but I’ll say it anyway: for peaceful purposes, of course,” said Mr Chávez on Friday during his ninth visit to Moscow. “They’ll say that we are going to build atomic bombs. No we are not . . . Nothing is going to stop us, we are free, sovereign and independent.”

Dmitry Medvedev, Russia’s president, said: “Our intentions are absolutely pure and open: we want our partner Venezuela to have a full range of energy possibilities.” More >>>

Sergei Kiriyenko, head of Rosatom, Russia’s state nuclear corporation, said that Russia declined to be specific about the time- frame for the construction of the power station. “Maybe in 10 years, maybe earlier,” he said. More >>>

Peak Generation: Another military report is targeting future oil supply concerns.

Military Reports Leading The Charge In Peak Oil Debate 

02 October, 2010

Fueling the Future Force: Preparing the Department of Defense for a Post-Petroleum Environment, published September 27, is the third military consideration of a future of scarce oil published so far this year. It states that 77 per cent of the US Department of Defense’s “massive energy needs” are met by petroleum – but “given projected supply and demand, we cannot assume that oil will remain affordable or that supplies will be available to the United States reliably three decades hence.” To remain as an effective fighting force, the entire US military must transition from oil over the coming 30 years. More >>>