Insight and inspiration in turbulent times.
With all the talk about “food security,” and distorted media statements like “South Korea leases half of Madagascar’s land,” it may not be evident to a lot of people that the lead actors in today’s global land grab for overseas food production are not countries or governments but corporations.
At last we know…sort of. An article in the UK newspaper The Guardian for November 9, titled “Key Oil Figures Were Distorted by US Pressure, Says Whistleblower,” reveals what hundreds of analysts have been trying to convey to world leaders for years: The global oil supply situation is critical and getting worse, and vested interests are playing key roles in covering up this devastatingly inconvenient truth.
The global food crisis has prompted various rich countries to start buying up land in the poorer world to secure their food supplies. As well as affecting domestic food supplies in the countries affected, Sue Branford says it could be a time bomb for the world’s ability to cope with climate change.
The Saudis are exploring the opportunity to sell their oil on more transparent exchanges in which they feel they have some logical control over production levels and pricing in relation to world demand, and also be paid in currencies outside the anemic US dollar. Such a mover would be a great influence on all of OPEC. This has crucial implications for the US as it could take oil trading from US exchanges and eventually outside the dollar as the currency of trade.
A weekly review including:
– Production and prices
– Recovery or Speculation?
– Climate Change
– Peak Demand
– Quote of the Week
– Energy Stat of the Week
– Briefs
According to an often cited saying, “If you want peace, work for justice.” But, most economic justice work is currently premised on the view that greater economic equality requires continued economic growth. This constitutes a wholehearted embrace of a cornucopian future; it recognizes no limits to growth that are implied by climate change, world peak oil production, and the rapid depletion of other resources including metal ores, water, soil and fish.
-Push for Afghanistan troop increase continues on deadly day
-Success elusive for U.S. policy in Afghanistan
-Former Marine captain resigns in protest of Afghanistan war
-The great gamble
-A Crash Course in Democracy
Even as we’ve been going through years of hand-wringing about security of supply, and about how Russia was an unreliable gas supplier, it comes out the European gas buyers are themselves increasingly refusing to pay the price that underpins the security of their Russian supplies, and are breaking their contractual obligations towards Gazprom, making Europe, erm, a less reliable customer…
-Oilwatch Monthly October 2009
-A post-oil world gets less sci-fi by the day
-The Truth About Energy
-Global oil supply: Separating fact from fiction
-Biofuel Displacing Food Crops May Have Bigger Carbon Impact Than Thought
-Biofuels rather than electric cars to meet renewables target
-Tanzania Suspends Biofuels Investments
-Who says it’s green to burn woodchips?
-Carbon advantage of biofuels may be overstated
“Peak oil can be a very tricky topic, the way I talk about it and deal with it at the end of the day is: We need to revolutionize the way we consume and produce energy… We need to really be the leaders in saying: the future for our children and our grandchildren as far as energy consumption and as far as production, it looks like this” with those words Colorado Governor Bill Ritter started his closing speech at the ASPO conference in Denver that took place from 10 to 12 October 2009.
The price of oil has more than doubled from its nadir of $30 a barrel earlier this year. To explain the resilience of oil prices in the face of a severe economic slump, the oil optimists have turned to an old standby argument: resource nationalism.
