Not fixing to walk

With oil prices stuck in the $90’s per barrel range, the official story is that the U.S. economy has shrugged off this year’s price increases. And it is true—the world has not ended yet, the economy has not ground to a halt. Things appear to be going swimmingly now, but the warning signs are there for all to read.

Food & agriculture – Nov 13

Fastest rise in UK food prices for 14 years
Frozen vault saves crops for mankind
US good companies accused of ‘cooking the climate’ (with palm oil)
Soil Association’s Patrick Holden: farming and peak oil in Wales (video)

Geopolitics – Nov 13

High oil prices push giant shifts in wealth, power
Indian ties with Russia to reach ‘great heights’: PM
Rebuttal to NY Times Venezuela article
The means don’t justify the end over oil
Venezuela proposes OPEC change oil pricing method

As oil flirts with $100, industry CEOs issue warnings, dead enders take cover in last foxhole

It’s as if, facing the firing squad of $100/barrel oil, some CEOs, oil ministers, and energy experts have decided to come clean. Still, in some boardrooms, at the U.S. Energy Information Administration, and at Cambridge Energy Research Associates, denial still rules. The last foxhole of the dead enders remains “increased recovery factors.”