1. Corporate Management in Turbulent Times By Dr. Allen Yeh, Dec 29th, 2008/12/28

2. “ In turbulent times, an enterprise has to be managed both to withstand sudden blow and to avail itself of sudden unexpected opportunities. This means that in turbulent times, the fundamentals have to be managed, and managed well” --Peter F. Drucker, Managing in Turbulent Times”-1980

4. The Five Key Fundamental Forces I. The emergence of the new world order/regional economic blocks II. The Environmental Impacts on Industrial Development /Cross Boarder Trade-How to Manage “Sustainability”? III. The Transition from Petroleum based economy to “Renewable/Bio Energy”?? IV. The global warming/impact to industrial development/ cross border trade V. The re-structuring of world financial system

12. “ Oil is the world’s biggest and most pervasive business, the greatest of the great industries that arose in the decades of 19 th century. As we look toward the 21th century, it is clear that mastery will certainly come as much as from a computer chip as from a barrel of oil…Until some alternative source of energy is found, oil will have far reaching effects on the global economy; major price movements can fuel economic growth, or contrarily drive inflation and kick off recession.” “ Daniel Yergin” – President, Cambridge Energy Research Associates III. The Transition from Petroleum based economy to “Renewable/Bio Energy”

13. The drilling of oil from black rock for the making of “Kerosene” in a small town called “Titusville” western pennsylvania in 1850’s served as the origin of modern petroleum industry, with Standard Oil Co then dominated not only the US but the world’s petroleum production and trade for many decades. Up until 1970’s US was the largest oil producer in the world with daily outputs exceeding 10 MM barrels/D. III. The Transition from Petroleum based economy to “Renewable/Bio Energy”

15. Crude Oil Discoveries III. The Transition from Petroleum based economy to “Renewable/Bio Energy”

16. Crude Projections of World Oil Production III. The Transition from Petroleum based economy to “Renewable/Bio Energy”

17. Crude Oil Pricing Trend III. The Transition from Petroleum based economy to “Renewable/Bio Energy”

21. Global Average Near-Surface Temperatures from 1850 to 2005 IV. The global warming/impact to industrial development/ cross border trade

22. Atmospheric Carbon Dioxide IV. The global warming/impact to industrial development/ cross border trade

23. Human Dominance or Alteration of Several Major Components of the Earth System IV. The global warming/impact to industrial development/ cross border trade

24. 1033 as of May 2008 Registered CDM Projects By Industry: Source: UNEP Risoe CDM Pipeline, March 2008 By GHG: IV. The global warming/impact to industrial development/ cross border trade

25. Source: State of the Voluntary Carbon Market, 2008, p. 7 IV. The global warming/impact to industrial development/ cross border trade