Food & agriculture – May 15

U.S. using food crisis to boost bio-engineered crops

Indians bristle at U.S. criticism on food prices
Jump in food prices biggest in 18 years
Horses abandoned in West as feed prices rise

More signs of trouble for corn crop
Rodale urges expansion of organic farming

The peak oil crisis: diesel

The evidence is mounting that the U.S. might just encounter the first real crisis of the oil depletion age before the year is out. The crisis at first will be one of spiraling prices for diesel and heating oil, followed by actual shortages here in the United States.

The Age of Aquarius

Prices may fall later this year, but will not likely dip below the $110/barrel floor price. It is actually more likely that the price will continue to rise this year, as Goldman Sachs believes, because 1) stuff happens, e.g. deepwater project delays, project cost inflation, blown-up pipelines, and 2) we are now living in Flatland.