Saturday, January 31, 2009

Europe: How Bad is It? "Economist: Irish Graduates Should Emigrate to Australia or Canada"

From The Epoch Times:
Irish economist Eddie Hobbs told a group of students studying in Trinity that if his daughter was leaving college soon he would tell her to emigrate.

For students in Ireland who are leaving college soon he advised them to leave the country as the economy is in a very serious condition and there are very few employment opportunities. He recommended going to Canada or Australia as they are likely to have opportunities in renewable energy technologies as the world emerges from a global recession.

He said, "If I was coming our of college today I would carve out a career in energy."

Mr Hobbs said that he believed in the theory of peak oil. He explained that as oil rich countries develop they are more likely to consume the oil they produce rather than sell it to other countries due to the growing demand of their own citizens. This means the price of oil will go up for oil importers. This will spark further investment and research in renewable energy technologies as countries try to become energy independent.

Mr Hobbs said that the new US president 'Gets it'. Obama said that he would make the US energy independent within ten years focusing on oil exploration and renewable energy technology.

"Barak Obama gets it. As early as August he made it clear that energy is one of his main priorities. Again in his acceptance speech this was his second focus after the economy," said Mr Hobbs.

Mr Hobbs does not believe the world is on the cusp of depression as some economists have claimed. "The US will shift heaven and earth to get the economy going.">>>MORE