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Meanwhile, keep watching for shortage reports, because we should start seeing some sneak in this week, if our doom-o-meter is calibrated correctly.

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Whether to drill might be foregone
Public Policy; Political and Legal News...Oil has another important strategic role in our lives. An average family of four will use 1,077 gallons of gas for their automobile, but it takes 930 gallons to produce, process and deliver the food they eat.

It makes elemental sense to me to hold some or all of those offshore and ANWR reserves for some future date when our national security, including food supply, is severely at risk. Perhaps a program that would allow us to explore, drill and cap those productive areas for emergency use - and not just an extra trip to Grandma’s house - might be in order. If that were the case, those of you who say "no drilling" would be sorely pressed to win your argument. I’m confident we have the skills to accommodate the caribou.

Posted by Leanan on Sunday, September 07 @ 10:39:01 PDT (44 reads)
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U.S. should stop selling off its needed natural gas
Public Policy; Political and Legal News...Anyway, while the cost of natural gas has nearly tripled during the past five years, exports of U.S. natural gas to Canada have risen 155 percent. In fact, 38 percent of all piped U.S. gas goes to Canada. Another 33 percent is pipelined to three Michigan hamlets on rivers across from Ontario. Mexico does not receive quite as much as Canada.

Responsibility must lie in NAFTA and free trade. For by shipping our life-preserving gas out of the country during an energy crisis — and endangering the lives of her people during the winter — the United States is treating its own citizens no better than the English served the enslaved Irish.

Posted by Leanan on Sunday, September 07 @ 09:44:35 PDT (90 reads)
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MARSHALL ISLANDS: Responding to the Emergency
Public Policy; Political and Legal NewsUpdate Report on the Republic of the Marshall Islands State of Economic Emergency Stemming from the Energy and Food Crises

The Emergency Declaration. The Republic of the Marshall Islands (RMI) has recently experienced unprecedented increases in the costs of imported fuel and staple food items. This high and sustained inflation in energy and food prices has had significant impacts on the economy and people of the RMI. This prompted President Litokwa Tomeing and his Cabinet to officially declare a State of Economic Emergency on July 3, 2008.

Why the RMI declared an official emergency. While all Pacific Island nations are facing the same set of energy and food related challenges, the RMI is the only one to have gone so far as declaring an official State of Economic Emergency. The RMI’s leaders chose to declare a State of Economic Emergency for four primary reasons: to avert a national disaster, to raise attention and awareness, to mobilize resources, and to move the country towards stronger longer-term energy and food security.

Posted by Leanan on Sunday, September 07 @ 09:00:06 PDT (95 reads)
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Gulf oil production poised to increase by 10 million barrels a day
Production; Extraction; ExplorationDubai: A massive $300 billion investment in boosting oil production is underway which could see the Arabian Gulf deliver a staggering 10 million barrels of crude a day in added capacity by 2015 more than half from Saudi Arabia alone according to project research firm Proleads.

"Recent analysis of total global oil production and development projects indicate that world crude production capacity from all sources has the potential to rise from 87 million barrels per day to as much as 108 million by 2015," said Emil Rademeyer, director of Proleads.

Posted by Leanan on Sunday, September 07 @ 08:40:19 PDT (155 reads)
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Riders on the Storm: Stopping and Restarting Offshore Oil and Gas
Production; Extraction; Explorationprofgoose writes:

It has been five days since Hurricane Gustav blew through town, and industry is still working to restore the flow of oil and gas from offshore production platforms in the Gulf of Mexico:

Meanwhile, about 47 percent of more than 700 stationary offshore platforms in the Gulf of Mexico remained evacuated Friday, according to the Minerals Management Service in New Orleans. The agency also said that 34 of 121 oil rigs remained unmanned.

Posted by Leanan on Sunday, September 07 @ 08:36:26 PDT (73 reads)
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Mexico: Running Out of Oil and Options
Public Policy; Political and Legal NewsAs equities commence the dramatic autumn slump I've been anticipating in recent weeks, it is uninspiring to witness the standard of political debate in the US Presidential election. It seems that neither candidate is aware of, or at least willing to articulate, the tectonic shifts taking place in global financial power which threaten to severely limit the room for maneuver of the incoming administration. Roosevelt said America should talk quietly to the world but carry a big stick; now a big begging bowl is more appropriate. We hear references to Iran and Russia as geopolitical challenges, but nobody is talking yet about a bigger threat right on America's doorstep: the potential implosion of the Mexican state.
Posted by Leanan on Sunday, September 07 @ 07:11:13 PDT (263 reads)
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Price increases push US soy beyond reach of poor
Hydrocarbon AlternativesSURABAYA, Indonesia (AP) — With the dollar a day he earns scrounging for scrap metal and paper, Jumadi can't buy his family beef or even chicken. But until now, the rail-thin scavenger could at least afford soy.

His wife and two children snacked on slabs of fried fermented soy, known as tempeh, and tossed the cake-like staple into bland bowls of noodles and soup. The soy provided protein, and it was cheap.

Posted by Leanan on Sunday, September 07 @ 06:27:21 PDT (116 reads)
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George Soros: The Perilous Price of Oil
Public Policy; Political and Legal NewsThe following is adapted from testimony given by George Soros before the US Senate Commerce Committee Oversight Hearing on June 3, 2008.

In January 2007, the price of oil was less than $60 per barrel. By the spring of 2008, the price had crossed $100 for the first time, and by mid-July, it rose further to a record $147. At the end of August it remains over $115, a 90 percent increase in just eighteen months. The price of gasoline at the pump has risen commensurately from an average of $2.50 to around $4 a gallon during this period. Transportation and manufacturing costs have risen sharply as well. All this has occurred at the same time as a world credit crisis that started with the collapse of the US housing bubble. The rising cost of oil, coming on top of the credit crisis, has slowed the world economy and reinforced the prospect of a recession in the US.

Posted by Leanan on Sunday, September 07 @ 05:21:23 PDT (209 reads)
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Bush likely to scrap nuclear deal with Russia
Public Policy; Political and Legal NewsThe United States is likely to scrap a civilian nuclear pact with Russia soon as punishment for its war against Georgia last month, a U.S. official said on Thursday.

While the U.S. government has announced plans to give U.S. ally Georgia over $1 billion in reconstruction aid, it has yet to hit Moscow with any concrete sanctions for the military incursion deep into Georgian territory last month.

Posted by waegari on Sunday, September 07 @ 03:06:10 PDT (121 reads)
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Cost of oil could dim a solar light
Hydrocarbon AlternativesMark Bent wrestles with oil prices. Never mind that crude futures have fallen $20 a barrel from their record in July.

Bent's company, Houston-based SunNight Solar, has seen costs for shipping its solar-powered flashlights rise by about 30 percent so far this year, and they show no sign of abating.

Posted by waegari on Sunday, September 07 @ 03:01:28 PDT (116 reads)
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Demand for solar panels exceeds supply
Hydrocarbon AlternativesThe sun may set early on anyone trying to take advantage of expiring solar-energy tax credits this year.

Many solar manufacturers and installers say they can't take on more jobs for 2008 because they're either out of panels or out of time.

Posted by waegari on Sunday, September 07 @ 02:58:48 PDT (123 reads)
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Oil demand decreases as economy slows down
Consumption; Demand; PricesOn Friday, the prices of the oil fell to the lowest point in five months due to economic slowdown and investors are worried that it will lead to low demand for the energy.

James Cordier, portfolio manager of OptionSellers.com, said that the attention of the oil market will not be distracted from lowering economy and the decrease in the demand of the products. Cordier said, “What will win out is that the economy is weakening faster than expected, and that will continue to be psychologically bearish for oil.”

Posted by waegari on Sunday, September 07 @ 02:55:32 PDT (110 reads)
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Drill now, pay later
Geology; Reserves; Oil FieldsUpon recent discoveries of oil in the kingdom, King Abdullah ordered that those new finds be left untapped to preserve the nation's oil wealth for future generations. "When there were new finds, I told them, 'No, leave it in the ground, with grace from God, our children need it,'" the king said.

Behind the king's statement lies a plain truth: The Saudis prefer to sit on their oil, while we are rushing to deplete ours. The Saudi reserve-to-production ratio - an indicator of how long proven reserves would last at current production rates - is 70 years; Iran's is 82; the United Arab Emirates' is 90; and Venezuela's is 91. Iraq and Kuwait are at more than 100. How long does the U.S. have left? Eleven years.

Posted by waegari on Sunday, September 07 @ 02:52:19 PDT (141 reads)
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Coal shortage to continue in India
Consumption; Demand; PricesThe shortage of coal will continue in India in near future. Ernst & Young (E&Y) has prepared a plan on proper supply of coal in the domestic market. It has recommended increase in the domestic coal production and contract mining to tame the shortage. It has also stressed the need of inclusion of private sector in the mining process along with foreign direct investment.

The report is released by Power Minister Sushilkumar Shinde at the India Coal Summit 2008 under the title ‘Coal — unearthing its potential in India’. The report has forecasted increase in domestic production by 680 million tonnes by 2012. The demand for fuel will increase in the near future to 10 percent. The report has pointed out that the demand would be balanced through import of fuel by 2012

Posted by waegari on Sunday, September 07 @ 02:46:46 PDT (79 reads)
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Is our taste for Sunday roast killing the planet?
Enviromental Headlines; Climate ChangeRaj Patel, author of Stuffed and Served (Portobello Books) believes growing food for animals is a waste of resources in an overcrowded world.

'The average meat eater in the US produces about 1.5 tonnes of carbon dioxide more than a vegetarian every year. That's because animals are hungry and the grain they eat takes energy, usually fossil fuels, to produce,' he says.

Posted by waegari on Sunday, September 07 @ 02:42:18 PDT (97 reads)
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Sunday, September 07
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