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This magazine's founder, B.C. Forbes, used to say that those who waste capital or commit fraud are among the greatest enemies of capitalism.
Russia's mostly private oil firms seem unlikely to waste capital in this way, and Iraq will not be able to do so for many years.
This warning, combined with Goldman's assessment of the oil glut, makes it clear that it is far wiser to use the lower-cost oil we are already producing than to waste capital exploring for new, expensive resources.
Even India, often compared unfavourably with China, is now more efficient on that measure (see chart 1).Only a very high domestic savings rate around 40% of household income and the uncontrolled exploitation of its natural resources make it possible for China to waste capital on this scale.
If engineers estimate the ability of facilities is less than its actual capacity, it requires to design over excessive need and causes to waste capital and resources.
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Today, Guiyu, a city in Guangdong province, is the e-waste capital of the world.
It would be nice to think that scrapped electronic products are repaired and put back into productive use, but that is often not the case.The Chinese city of Guiyu in Guangdong province is the e-waste capital of the world.
As they saw it, this caused unemployment and wasted capital.
Using natural resources more efficiently ought to divert wasted capital to more productive investment.
The region with the highest risk of wasted capital in the report was Alberta.
Tells how the present use of electricity and oil is inefficient and wastes capital that could be invested in industry.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com