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Keyword: shortages

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  • Lime Prices Are Surging (Citrus)

    03/27/2014 10:45:08 AM PDT · by blam · 34 replies
    BI/Reuters ^ | Jim Forsyth, Reuters
    Lime Prices Are Surging Jim Forsyth, Reuters Mar. 27, 2014, 1:16 PM SAN ANTONIO (Reuters) - Mexican restaurants in the United States are being squeezed by a sudden jump in the price of limes, an essential ingredient, which has led managers in places like San Antonio that are a hotbed for the cuisine to alter recipes. "Mexico received some heavy rains that destroyed a large amount of the lime crop, so with limited supplies we are seeing lime prices skyrocket," Bryan Black, director of communications for the Texas Department of Agriculture, said on Thursday. Texas like most U.S. states receives...
  • California: Before And After The Drought, And Why It's Only Going To Get Worse

    02/04/2014 6:01:28 AM PST · by blam · 21 replies
    Zero Hedge ^ | 2-4-2014 | Tyler Durden
    California: Before And After The Drought, And Why It's Only Going To Get WorseZero Hedge Tyler Durden on 02/03/2014While the Northeast is blanketed by another winter storm, California has its own, quite inverse, climatic problems in the form of a historic drought which as Bloomberg reports, is forcing farmers in the fertile central valley region to fallow thousands of acres of fields and has left 17 rural towns so low on drinking water that the state may need to start trucking in supplies. It is so bad that water reservoirs are at about 60 percent of average, according to state...
  • U.S. Cattle Herd Is At A 61 Year Low And Organic Food Shortages Are Being Reported All Over America

    01/23/2014 11:22:27 PM PST · by Nachum · 68 replies
    zero hedge ^ | 1/23/14 | Tyler Durden
    Submitted by Michael Snyder of The Economic Collapse blog, If the extreme drought in the western half of the country keeps going, the food supply problems that we are experiencing right now are only going to be the tip of the iceberg. As you will see below, the size of the U.S. cattle herd has dropped to a 61 year low, and organic food shortages are being reported all over the nation. Surprisingly cold weather and increasing demand for organic food have both been a factor, but the biggest threat to the U.S. food supply is the extraordinary drought which...
  • Venezuelan Police Seize Stash of Toilet Paper

    06/01/2013 9:46:26 AM PDT · by John Semmens · 8 replies
    Semi-News/Semi-Satire ^ | 31 May 2013 | John Semmens
    The Government's determination to impose a “socialist solution” to the nation's burgeoning spate of material shortages took what officials called “a major step forward” when police seized a hidden stash of 2500 rolls of previously privately owned toilet paper. “These last remnants of a vital commodity have been rescued from the hands of the selfish and will now be redistributed according to the rules of social justice,” President Nicolás Maduro boasted. “There will be no more hoarding. Everyone will get an equal share.” The allocation is estimated to amount to one-twenty-fifth of a sheet per person. That's a piece measuring...
  • Venezuelans Scrambling to Find Scarce Toilet Paper

    05/21/2013 8:14:10 PM PDT · by Kartographer · 71 replies
    AP via ABC ^ | 5/16/13 | FABIOLA SANCHEZ and KARL RITTER
    After years of economic dysfunction, the country has gotten used to shortages of medicines and basic food items like milk and sugar but the scarcity of bathroom tissue has caused unusual alarm. "Even at my age, I've never seen this," said 70-year-old Maria Rojas. She said she had been looking for toilet paper for two weeks when she finally found it at a supermarket in downtown Caracas. Thousands of rolls flew off the store's shelves as consumers streamed in and loaded up shopping carts Thursday morning. "I bought it because it's hard to find," said Maria Perez, walking out with...
  • Cyprus Triggers Preference For Goods, Gold And Silver (Buy Stuff)

    04/02/2013 10:58:59 AM PDT · by blam · 33 replies
    TMO ^ | 4-2-2013 | Alasdair Macleod
    Cyprus Triggers Preference For Goods, Gold And Silver Commodities / Gold and Silver 2013April 02, 2013 - 07:10 PM GMT By: Alasdair Macleod Almost certainly prices for goods in Cyprus will rise as a result of its banking crisis, because the imposition of capital controls will restrict imports, leading to supply bottlenecks. In addition residents will no longer be complacent about keeping money on deposit, but seek other alternatives. Large depositors may be trapped, but smaller local depositors will draw them down for cash to stock up on things needed tomorrow while they are available.Cypriots will therefore change their preferences...
  • Panic In Greek Pharmacies As Hundreds Of Medicines Run Short

    02/28/2013 7:52:34 AM PST · by blam · 44 replies
    TBI ^ | 2-28-2013 | Elizabeth Sukkar and Helena Smith, The Guardian
    Panic In Greek Pharmacies As Hundreds Of Medicines Run Short Elizabeth Sukkar and Helena Smith, The GuardianFebruary 28, 2013Greece is facing a serious shortage of medicines amid claims that pharmaceutical multinationals have halted shipments to the country because of the economic crisis and concerns that the drugs will be exported by middlemen because prices are higher in other European countries. Hundreds of drugs are in short supply and the situation is getting worse, according to the Greek drug regulator. The government has drawn up a list of more than 50 pharmaceutical companies it accuses of halting or planning to halt...
  • Mayhem in Mali: Implications of the Military Coup in Bamako

    03/24/2012 1:20:28 AM PDT · by bruinbirdman · 7 replies · 5+ views
    Jamestown Foundation ^ | 3/23/2012 | Andrew McGregor
    Executive Summary:On March 21, 2012, a group of Army mutineers appeared on Mali's national television station to declare that they had ended President Amadou Toumani Toure's regime and put in place the “National Committee for the Return of Democracy and the Restoration of State” (CNRDR). In the days following the coup, the leader of the CNRDR – Captain Amadou Sanago, a virtually unknown junior officer, has shown an inability to command discipline from his troops – who have looted the capital. The disappearance of President Toure and the factional infighting of the Army have made the country defenseless against AQIM’s...
  • Watch: “The Global Food Crisis You Need To Prepare For Is Now Imminent”

    12/19/2012 6:24:05 AM PST · by blam · 32 replies
    SHTF Plan ^ | 12-19-2012 | Mac Slavo
    Watch: “The Global Food Crisis You Need To Prepare For Is Now Imminent” Mac Slavo December 19th, 2012 Grocery stores may still be stocked with food and most Americans are still able to keep their family’s fed, but with 50 million Americans requiring government assistance to do so and prices on a seemingly never ending rise, how long will it be before the situation becomes unmanageable? The global food crisis you need to prepare for is now imminent. For the past six years the world has consumed more food than it has produced. As a result, global food reserves are...
  • Grid-Down Collapse: Hard Assets Soar In Value

    11/06/2012 11:40:32 AM PST · by blam · 77 replies
    SHTF Plan ^ | 11-6-2012 | Mac Slavo
    Grid-Down Collapse: Hard Assets Soar In Value Mac Slavo November 5th, 2012By all accounts, the residents of many hurricane stricken areas of the north east are in the midst of a collapse. While FEMA, the National Guard and private relief organizations are in place and providing some level of assistance, the fact of the matter is that for tens of thousands of Americans, the world as they knew it has completely collapsed around them. What we are witnessing are the immediate after-effects of what is referred to as a grid-down scenario, where utility infrastructure like water and electricity, transportation infrastructure...
  • Global Food Crisis Risk Is Soaring [MAP]

    10/10/2012 8:44:48 AM PDT · by blam · 27 replies
    TBI ^ | 10-10-2012 | Joshua Berlinger
    Global Food Crisis Risk Is Soaring [MAP]> Joshua BerlingerOctober 10,2012The global risk analysis firm Maplecroft has released its food security index for 2013, along with a map that highlights which the food security of individual states. Africa is clearly the most afflicted, with six of the seven states at "extreme risk." Afghanistan was the only nation outside of Africa at extreme risk. Only two countries lacked sufficient data to be analyzed. Spiking food prices could have catastrophic consequences. "Forecasts for 2013 provide a worrying picture,” Maplecroft’s Head of Maps and Indices Helen Hodge added. “Although a food crisis has not...
  • South Africa Is On The Brink Of Total Chaos As Strikes Are Leading To Fuel And Cash Shortages

    10/03/2012 2:23:27 PM PDT · by blam · 28 replies
    TBI ^ | 10-3-2012 | Matthew Boesler
    South Africa Is On The Brink Of Total Chaos As Strikes Are Leading To Fuel And Cash Shortages Matthew BoeslerOct. 3, 2012, 11:02 AMThe labor strikes that have engulfed the mining industry in South Africa in recent weeks have now spread to one of the country's most vital industries – trucking. Without the trucking industry facilitating the flow of goods between purchasers and suppliers, things can get ugly pretty quickly, as they did in the U.K. in 2001 when truckers went on a similar strike and brought the British economy to the brink. Truckers are already entering their second week...
  • U.S. Food Prices 2013: Jeremy Grantham Warns Of Coming "Dystopia"

    08/08/2012 10:12:32 AM PDT · by blam · 11 replies
    TMO ^ | 8-8-2012 | Money Morning
    U.S. Food Prices 2013: Jeremy Grantham Warns Of Coming "Dystopia" Commodities / Agricultural Commodities Aug 08, 2012 - 10:04 AM By: Money Morning Ben Gersten writes: The U.S. Department of Agriculture (USDA) on July 25 issued a report warning every American that U.S. food prices in 2013 will rise 3%-4% -- but that jump is just the start of a frightening long-term trend. The warm weather in the winter months gave farmers hope for a great crop production this year, but a crippling U.S. drought now covers around 60% of the continental United States. The water shortage has killed crops,...
  • Greek Debt Crisis: Chronic Drug Shortage Risking Lives Of The Sick

    06/09/2012 11:35:13 AM PDT · by blam · 7 replies
    The Guardian (UK) ^ | 6-8-2012 | Lizzy Davies
    Greek Debt Crisis: Chronic Drug Shortage Risking Lives Of The SickPatients groups' warning comes as pharmaceutical companies become increasingly reluctant to deliver drugs on credit Lizzy Davies in Athens, Friday 8 June 2012 14.51 EDT Clutching a prescription and a ticket numbered 192, Aris stood on the pavement and waited his turn at the state pharmacy. When speaking of his daughter, whose multiple sclerosis medication he had come to collect, the 74-year-old was short on words and visibly moved. When asked about the drug shortages afflicting his country, his reserve melted away and in its place came rage. "I...
  • With Venezuelan Food Shortages, Some Blame [Chavez's] Price Controls [milk, chicken, toilet paper]

    05/02/2012 8:27:24 PM PDT · by grundle · 19 replies
    New York Times ^ | April 20, 2012 | WILLIAM NEUMAN
    a full hour and a half before the store would open, about two dozen people were already in line shortages of staples like milk, meat and toilet paper are a chronic part of life here The shortages affect both the poor and the well-off “I’m wasting my day here standing in line to buy one chicken and some rice.” Venezuela was long one of the most prosperous countries in the region, with sophisticated manufacturing, vibrant agriculture and strong businesses, making it hard for many residents to accept such widespread scarcities. many economists call it a classic case of a government...
  • Total Chaos In the UK As Gas Stations Run Dry; Efforts to Stop Panic Buying Have Led to…

    03/29/2012 5:40:02 PM PDT · by blam · 34 replies
    SHTF Plan ^ | 3-29-2012 | Mac Slavo
    Total Chaos In the UK As Gas Stations Run Dry; Efforts to Stop Panic Buying Have Led toÂ… More Panic Buying Mac Slavo March 29th, 2012 What was a fairly minor fuel shortage sparked when gas tanker drivers in the UK threatened to go on strike has developed into what UK officials are now calling all out chaos, as drivers across the country scramble to fill their tanks amid uncertainty about when transportation services will be up and running at full capacity again. In what may be a glimpse into the future of other industrialized Western nations that are...
  • Doomsday Preppers

    03/28/2012 1:26:55 PM PDT · by reformedcrat · 55 replies
    American Thinker ^ | 3-27-2012 | Tom Thurlow
    This just has to be a sign of the times. Record deficits and oil prices rising, and it could all get worse. So the National Geographic channel has begun airing a show named Doomsday Preppers, where viewers can watch end-of-the-world types prepare for doomsday. Read more:
  • Nationwide drug shortage problem increasing

    03/10/2012 10:46:01 AM PST · by aimhigh · 18 replies ^ | 03/10/2012 | CNN/WCBS
    A nationwide drug shortage that's dogging the food and drug administration is hitting home with first responders. For emergency medical technicians, shortages can mean the difference between life and death. Nationwide, anti-seizure drugs including intravenous Valium, Versed, and Ativan are among the dozens of drugs - including cancer treatments - that are in short supply.
  • 2011 medication shortages set new record at 267

    01/04/2012 7:37:55 AM PST · by JoeGar · 9 replies
    Associated Press ^ | January 3, 2012 | Linda A. Johnson
    TRENTON, N.J. (AP) -- The number of new prescription drug shortages in 2011 shot up to 267, well above the prior record and about four times the number of medication shortages in the middle of the last decade....The FDA says the main reason for the shortages is manufacturing deficiencies leading to production shutdowns. Other reasons include companies ending production of some drugs with tiny profit margins, consolidation in the generic drug industry and limited supplies of some ingredients.
  • Just Say No To Concentration

    12/28/2011 1:40:25 AM PST · by Tolerance Sucks Rocks · 23 replies
    Advice Goddess Blog ^ | December 28, 2011 | Amy Alkon
    Yesterday, my entire afternoon got eaten by my panic over shortages of Adderall, the drug that changed my writing life from daily torture that I slogged through because I'm a hard worker to sometimes-hard work I love. Instead of writing, I wasted my time on the phone to a bunch of local pharmacies, and emailing my very good-natured doctor multiple times ("Can you prescribe in Mexico?"), and searching for Canadian pharmacies -- maybe one in Windsor where maybe I could get Gregg to pick me up 10 or 20 or maybe even 30 all the spare time he has....
  • Norway butter shortage threatens Christmas treats

    12/14/2011 12:47:57 PM PST · by bgill · 18 replies
    AFP ^ | Dec. 13, 2011 | Mychele Daniau
    An acute butter shortage in Norway, one of the world's richest countries, has left people worrying how to bake their Christmas goodies with store shelves emptied and prices through the roof. The shortfall, expected to last into January, amounts to between 500 and 1,000 tonnes, said Tine, Norway's main dairy company, while online sellers have offered 500-gramme packs for up to 350 euros ($465)... Last Friday, customs officers stopped a Russian at the Norwegian-Swedish border and seized 90 kilos (198 pounds) of butter stashed in his car.
  • Drugs For Critically Ill In Short Supply; Some Hospitals Consider Rationing

    05/19/2011 1:45:34 AM PDT · by The Magical Mischief Tour · 43 replies
    WSVM ^ | 05/19/2011 | WSVM
    NASHVILLE, Tenn. -- Michael O'Neal is a pharmacist. He purchases drugs for Vanderbilt University Medical Center. He often deals with drug shortages, but this one is bad. O'Neal is concerned about the availability of electrolytes. They are critical to a babies in neonatal intensive care and seriously ill adults. Electrolytes are administered to a critically ill patient for nutritional support intravenously. They are given to patients who cannot get their nutrition any other way. O'Neal said he's concerned that as supplies shrink, measures will have to be taken. "We are dangerously close, we believe, when we will have to ration...
  • An Rx for Shortages

    06/24/2011 4:40:12 PM PDT · by Nachum · 17 replies
    Nat. Review ^ | 6/24/11 | Editors
    The Food and Drug Administration is notoriously allergic to the concept of tradeoffs: FDA bureaucrats see eliminating risk as their highest goal, no matter what benefits might be destroyed in the process. This tendency has manifested itself most tragically in the current drug shortage. About 150 drugs considered “medically necessary,” including anesthetics and medications that treat lethal illnesses such as leukemia, are today in shortage. This problem has been growing since at least 2005, and there are several causes for it — but overly stringent FDA regulations are one reason it has reached such immense proportions. Since the “tainted drugs”...
  • Smithfield CEO: Higher Food Prices Are Here To Stay

    05/04/2011 6:47:32 PM PDT · by blam · 30 replies
    TWS ^ | Phoenix Capital Research
    Smithfield CEO: Higher Food Prices Are Here To Stay Phoenix Capital ResearchApril 4, 2011 Here’s a zinger of a news story that most commentators haven’t bothered to take note of… The CEO of Smithfield Farms, the largest pork producer in the US. Among other things he said: “Maybe to someone in the upper incomes it doesn’t matter what the price of a pound of bacon is, or what the price of a ham, or the price of a pound of pork chops is,” he says. “But for many of the customers we sell to, it really does matter.” Workers can...
  • Food Riots Coming To America

    03/02/2011 8:19:13 PM PST · by RonPaulPittsburgh · 87 replies
    UniteAndState ^ | March 1, 2011 | mayerabbey
    When the upswing in commodity prices eventually makes its way throughout the food system in mid-to-late 2011, food prices are sure to spike with levels potentially reaching those of 2008, announced U.S. Department of Agriculture (USDA) economist Ephraim Leibtag at the agency's annual Outlook Forum. And if conditions escalate rapidly, there is also the potential for food riots and other civil unrest. The USDA is predicting a 3.5 percent increase in food prices in 2011, which is about twice the overall inflation rate but less than the 2008 increase, according to a recent Reuters report. In 2008, food prices rose...
  • Bolivian President Morales flees food price protest [w/dynamite]

    02/13/2011 3:10:40 PM PST · by DeaconBenjamin · 30 replies · 1+ views
    BBC ^ | Saturday, 12 February 2011
    Bolivian President Evo Morales has abandoned a public event in the face of an angry protests over food shortages and price rises. Mr Morales was due to address a parade to commemorate a colonial-era uprising in the mining city of Oruro. But he and his team left the city to avoid a violent demonstration by miners throwing dynamite.There have also been protests in other Bolivian cities over the shortage of sugar and other basic foodstuffs.Mr Morales cut short his visit and returned to La Paz after protesters set off explosions close to where he was preparing to give a speech...
  • Global Food Crisis: 6.8 Billion Served…And Counting

    10/10/2010 11:32:42 AM PDT · by blam · 20 replies · 1+ views
    The Daily Reckoning ^ | 10-9-2010 | Joel Bowman
    Global Food Crisis: 6.8 Billion Served…And Counting By Joel Bowman 10/09/10 Buenos Aires, Argentina – Paper is out; stuff is in. That’s what the markets are telling us right now. The dollar, that esoteric, floating abstraction upon which the financial world erects its sandcastle economies, plumbed a new seasonal low this week, with the dollar index flirting dangerously with its support level of 77. “Stuff,” as measured by the CRB Commodity Index, meanwhile, soared to within reach of the psychological 300-point milestone. Indeed, everywhere we look, stuff is on the march. Gold opened to another record above $1,365 on Thursday,...
  • Gold Shortage Rumors Abound

    05/06/2010 6:02:51 PM PDT · by blam · 10 replies · 831+ views
    The Daily Reckoning ^ | 5-6-2010 | Addison Wiggin
    Gold Shortage Rumors Abound By Addison Wiggin 05/06/10 Baltimore, Maryland – “When you hear of wars and rumors of wars, don’t be alarmed!” reads the Gospel according to Mark. “These things must happen, but they don’t mean that the end has come.” We seldom cite the Bible, but the passage came to mind this morning as we reflected on an e-mail chain among several of our business partners and acquaintances. Only instead of “wars,” the word that came to mind was “fraud.” Fraud and rumors of fraud abound in the gold market. “I’ve heard these rumors for a while,” says...
  • Hugo's Socket Logic

    02/08/2010 5:41:43 PM PST · by Kaslin · 9 replies · 500+ views ^ | February 8, 2010 | INVESTORS BUSINESS DAILY Staff
    Socialism: The lights are flickering in oil-rich Venezuela, a victim of the same shortages that appear wherever socialism is tried. With the grid verging on collapse, the final irony is to see Hugo Chavez calling Cuba to fix it. Most leaders serious about fixing a collapsing power grid call up companies like Bechtel or APR Energy because they're capable of swiftly setting up small power plants in emergencies, even in infrastructure wastelands such as Haiti. But that's not whom President Hugo Chavez called when he got word that Venezuela's electricity is in a state of collapse and may go black...
  • Jim Rogers: Brace Yourself For Food Shortages, Thanks To The Banks Hoarding Cash

    01/15/2010 9:21:42 AM PST · by FromLori · 71 replies · 3,189+ views
    The Business Insider ^ | 1/15/10 | Vincent Fernando
    Jim Rogers is sounding the alarm -- buy agricultural commodities ahead of the riots. The financial crisis has cut off investment in agriculture, with many farmers unable to get loans for fertilizer according to Mr. Rogers. Of course, this means agricultural commodities will make a killing: CNBC: "Sometimes in the next few years we're going to have very serious shortages of food everywhere in the world and prices are going to go through the roof." Cotton and coffee are good buys because they are very distressed, while sugar, despite the fact that it has gone up a lot, is still...
  • Showering With Hugo

    10/27/2009 6:49:13 PM PDT · by Kaslin · 13 replies · 663+ views ^ | October 27, 2009 | INVESTORS BUSINESS DAILY Staff.
    Tyranny: In his latest absurdity, Venezuela's Hugo Chavez is dictating three-minute showers and no singing. Claiming it's to save water, his act is nothing but a "green" fig leaf to cover his socialist mismanagement. 'Some people sing in the shower, in the shower half an hour," Chavez ranted on his Sunday TV show "Alo Presidente." "No, kids. Three minutes is more than enough. I've counted, three minutes and I don't stink." His words echo those of environmental extremists, blaming shopping malls, El Nino, tourists and sabotage. But the water and electricity shortages are his own doing, and the scope of...
  • School Staffing Shortages Spread Swine Flu Scare across Ohio

    09/02/2009 6:47:58 AM PDT · by EBH · 7 replies · 628+ views
    Fox 8 News ^ | 08/31/2009
    CINCINNATI (AP) -- Schools in Ohio and Kentucky fall short of national standards for nurse staffing levels, raising concerns should either state see a swine flu outbreak... ...Kathy Inderbitzin, an executive board member for the Ohio Association of School Nurses, says nurses can handle a mass immunization effort if it is mandated. But she says there's still a critical shortage and the association is worried about how the flu will affect children.
  • The Agriculture Re-Boom Is Coming (Food shortages and the sunspot cycle)

    05/26/2009 4:07:01 AM PDT · by saganite · 130 replies · 3,749+ views
    Seeking Alpha ^ | May 26, 2009 | Andrew Mickey
    Saudi Arabia just announced it was shutting down half of its oil production. It also says it will keep the capacity shut down for at least a year – maybe longer. The move would wipe out about five percent of the world’s oil supply overnight. What do you expect to happen? It would be bedlam. Oil prices would skyrocket. The price would jump to $100 or more within minutes. Prices would spike even if demand continued to dip and oil stockpiles stayed high. Gasoline prices would climb too. Every politician would vow to do something about it. Every major media...
  • Better-equipped National Guard Still Faces Critical Shortages

    05/07/2009 4:23:09 PM PDT · by SandRat · 198+ views
    American Forces Press Service | Staff Sgt. Jim Greenhill, USA
    WASHINGTON, May 7, 2009 – Equipment critical to both domestic and warfighting missions and aircraft essential to guarding the nation’s air sovereignty remain areas of concern for the National Guard. Army Maj. Gen. Raymond W. Carpenter, acting deputy director of the Army National Guard, and Air Force Lt. Gen. Harry M. Wyatt III, director of the Air National Guard, prepare to testify before the House Armed Services Committee’s air and land forces subcommittee, May 5, 2009. U.S. Army photo by Staff Sgt. Jim Greenhill  (Click photo for screen-resolution image);high-resolution image available. That was the message Air Force Lt. Gen. Harry...
  • DOD Ends sale of expended military brass to remanufacturers

    03/17/2009 10:37:38 PM PDT · by Neil E. Wright · 10 replies · 1,187+ views
    The Shootist blog ^ | 03/15/09 | Gordon
    Sunday, March 15, 2009 DOD Ends Sale of Expended Military Brass to Remanufacturers AND SO IT BEGINS...We all wondered when it was going to start--when the new administration would make their move against us as gun owners. Oh, everyone got upset about HR45--I'll bet I got over 100 e-mails warning me about this draconian gun registration bill that had been introduced in Congress. I was really glad to see Tom Gresham, host of "Gun Talk Radio," an editor, writer, television host on "Self-Defense TV," and one of the foremost gun spokespersons, come out and tell everyone to stop worrying about...
  • Venezuela's Hugo Chavez tightens state control of food amid rocketing inflation and shortages

    03/04/2009 6:21:08 PM PST · by bruinbirdman · 45 replies · 1,223+ views
    The Telegraph ^ | 3/4/2009 | Jeremy McDermott
    President Hugo Chavez is tightening state control over Venezuela's food supply, setting quotas for food staples which are to be sold at government-imposed prices. Venezuela's public finances are unravelling, with oil prices at $40 a barrel, while the national budget is calculated at $60 a barrel. Inflation is running at over 30 per cent, yet with the new measures Mr Chavez is seeking to ensure that his core support, the poor, can still fill their shopping baskets with food. "If any industry wants to ride roughshod over the consumers, with a view to getting better dividends, we are going to...
  • Regular back, mid-grade and premium gas still takes work to find (Knoxville TN)

    10/02/2008 7:09:19 PM PDT · by DGHoodini · 6 replies · 329+ views
    KNOXVILLE, Tenn. (WVLT) -- Mid-grade and premium gas runs about a dime to a quarter more than regular, if you can find it, but why does East Tennessee still have a premium on supplies of higher grade gasoline. You can blame the tailwinds of hurricanes Gustav and Ike, which makes driving tougher, given how many more of our luxury cars or SUVs recommend premium fuel. But 'recommend' is the key word. "I need because I'm actually on empty." Lenoir City's Adam Smith's cruised himself out trying to find a pump that still has premium. Smith says, "I gotta get some...
  • Is it price-gouging? No, it's 'resource allocation'

    09/22/2008 1:42:50 AM PDT · by Maurice Tift · 18 replies · 414+ views
    The Augusta Chronicle ^ | September 22, 2008 | Mark A. Thompson
    Gas stations should be allowed to charge any price they want. Stop and think. There are gas stations all around us. All of them havesimilar products and must compete with one another. We have regulations and agencies that watch to make sure there are no cooperative arrangements among stations. Why, then, are price-gouging laws such a bad idea? First, the price restriction interferes with market forces. For example, gas stations anticipate a lack of supply of gas over the next couple of weeks because of the hurricane in the gulf. They raise their gas prices to allocate the remaining supplies...
  • Sierra Club Endorses Obama

    06/25/2008 3:31:53 PM PDT · by John Semmens · 10 replies · 169+ views
    AZCONSERVATIVE ^ | 21 June 2008 | John Semmens
    The Sierra Club, one of the nation's most radical environmental organizations, announced its endorsement of Senator Obama (D-Ill.) for president. The Club's executive director, Carl Pope, said, “It’s a ‘no brainer.’ Senator McCain’s recent push for nuclear power and off-shore drilling sealed the deal.” “Today’s energy shortages and high gasoline prices are the best thing that’s happened for the environment since the Carter Administration,” Pope went on. “People are driving less and learning to do without. Senator Obama understands the importance of this for provoking real change. He will keep prices up and push this country toward a more natural...
  • Ration cuts leave people starving to death (North Korea)

    06/04/2008 1:37:32 PM PDT · by Dawnsblood · 27 replies · 144+ views
    FOOD shortages are gripping North Korea and there are signs some of its citizens may be starving to death, experts and rights activists say. Food rations across much of North Korea have been slashed, and the country's 1.1million-strong military reportedly stopped major exercises so soldiers could help raise crops, according to reports out of South Korea. After a three-year hiatus, the Bush administration is resuming food supplies to North Korea, The Australian reports. A US freighter carrying bulk grain is sailing to make the first delivery of about 500,000 tonnes of food that Washington promised last month to the Kim...
  • Wheatless Wheat?

    05/02/2008 1:59:56 PM PDT · by abigkahuna · 33 replies · 89+ views ^ | George Ure
    Food Shortages Growing? An email from a reader in the Midwest causes me some concern: "Last night at the daughter's horse riding lesson the price of horse feed came between my wife & the stable owner/riding instructor. One of her friends in Kansas said that his winter wheat looked great, but there was no wheat in the wheat plant heads (kernel/seed-I don't know the correct term). He reported that the grain miller that they normally use said that they are having trouble getting any wheat to prepare. Same thing from many Kansas wheat growers; plants look great, but no wheat...
  • US Drought 'Man-Made' Says Study

    01/31/2008 6:17:04 PM PST · by blam · 35 replies · 71+ views
    New Scientist ^ | 1-31-2008 | Jim Giles
    US drought 'man-made' says study 19:00 31 January 2008 news service Jim Giles The water shortages gripping the western US are the result of global warming, not natural variations in climate, according to a bleak study by hydrologists. The results suggest that water disputes will plague the region in the future and damage economic growth unless action is taken now, warn researchers. About 60% of the changes seen in river flow in the western US are due to warming caused by humans, their study suggests. Key indicators have hinted at looming water problems for many years. More rain and...
  • Farmer to call "guest workers"

    01/30/2008 9:10:53 PM PST · by goodnesswins · 17 replies · 122+ views
    Hood River News ^ | 1/30/08 | RAELYNN RICARTE
    Farmer to call 'guest workers' By RAELYNN RICARTE News staff writer January 30, 2008 Fifty-three percent of agricultural workers that recently responded to a confidential federal survey admitted to being in the U.S. illegally — but officials believe the true number is about 30 points higher. Pine Grove orchardist Gary Willis took a look at the new statistic and began to worry about a major picker shortage during the 2008 harvest season. He based that concern on new immigration enforcement measures that, tied to the high rate of illegal aliens, could keep the majority of workers in Mexico. “If we...
  • Iran leader under fire for gas shortages (Ahmadinejad gets a Ayatollah Khamenei 'smackdown')

    01/21/2008 7:24:59 AM PST · by NormsRevenge · 17 replies · 116+ views
    AP on Yahoo ^ | 1/21/08 | Ali Akbar Dareini - ap
    TEHRAN, Iran - Iran's supreme leader Monday reversed a decision by President Mahmoud Ahmadinejad and ordered him to implement a law supplying natural gas to remote villages amid rising dissatisfaction with the president's performance. The move by Ayatollah Ali Khamenei was a major rebuke to the hardline president, whose popularity has plummeted amid rising food prices and deaths due to gas cuts during a particularly harsh winter. In response to a request by the conservative-dominated parliament, Khamenei ordered the president to implement a law spending $1 billion from the Currency Reserve Fund to supply gas to villages after he balked...
  • South Asia Hit By Food Shortages

    01/09/2008 3:47:52 PM PST · by blam · 9 replies · 154+ views
    BBC ^ | 1-8-2008
    South Asia hit by food shortages Women buy flour in Karachi - many have gone without People across South Asia are struggling to cope with a severe shortage of affordable wheat and rice. There have been queues outside Pakistani shops in towns around the country, and flour prices have shot up. Wheat flour is a staple foodstuff in Pakistan, where rotis or unleavened bread are eaten with almost every meal. Last week Afghanistan appealed for foreign help to combat a wheat shortage while Bangladesh recently warned it faced a crisis over rice supplies. Global wheat prices are at record highs....
  • Sanctions Strain Iran's Economy, Officials Say

    12/09/2007 7:04:21 PM PST · by blam · 10 replies · 268+ views
    The Telegraph (UK) ^ | 12-10-2007 | Con Coughlin
    Sanctions strain Iran's economy, officials say By Con Coughlin Last Updated: 2:14am GMT 10/12/2007 Iran's banks are on the brink of collapse and its manufacturing industries facing severe shortages as sanctions bite, according to assessments by Western officials. Despite recent public statements by President Mahmoud Ahmadinejad that sanctions by America and the UN "are not working", a confidential report submitted to the Iranian parliament said that continued economic isolation was having dire consequences. The sanctions are designed to increase pressure on Teheran to reach a compromise with the UN over its nuclear enrichment programme. The country's banking industry is suffering...
  • CA: Water managers warn of dry winter, potential shortages ahead

    11/06/2007 6:43:56 PM PST · by NormsRevenge · 14 replies · 132+ views
    ap on Riverside Press Enterprise ^ | 11/06/07 | Samantha Young - ap
    SACRAMENTO State and federal water officials on Tuesday said deliveries to farms and cities could be restricted severely next year even if the coming winter provides normal rain and snowfall. California needs an especially wet winter if it is to fill its reservoirs and abide by court-ordered restrictions to reduce pumping by up to a third from the Sacramento-San Joaquin Delta, said John Leahigh, a top administrator with the State Water Project. That is particularly true in the Sierra Nevada, which stores much of the state's water supply in its winter snowpack. But so far, there is no indication of...
  • Zimbabwe launches $200,000 note

    07/31/2007 10:27:11 AM PDT · by TLI · 45 replies · 1,075+ views
    BBC ^ | 07/31/07 | BBC
    Food shortages have become common in Zimbabwe Zimbabwe is to start circulating a new 200,000 Zimbabwe dollar note, in a bid to tackle the country's inflation, the highest in the world. The new note, issued by the Reserve Bank of Zimbabwe from Wednesday, can buy 1kg (2.2lb) of sugar. Food and fuel shortages have become common as the government relies more heavily on imports, pushing prices to new heights. The official annual rate of inflation in Zimbabwe is nearing 5,000%. In practice, this means the price of a loaf of bread costs 50 times more in cash than it did...
  • World To Face "Oil Crunch"

    07/12/2007 9:01:08 PM PDT · by JohnA · 18 replies · 1,503+ views ^ | July 10, 2007 | Gunnar Heinrich
    Drivers, start your doomsday clocks. If you own any SUVs, sportscars, or RVs drive 'em if ya got'em. Because if the pessimists are seeing straight, the world is headed for serious oil supply issues in as little as five years. The Financial Times' oil commodities correspondent Javier Blas reported that the International Energy Agency (IEA) - the independent oversight body that monitors the world's oil supplies - sees production in the Near East as having leveled-off while demand from developing countries like China and India are just gearing up. "The IEA said that supply was falling faster than expected in...
  • Millions face hunger from climate change - UN: Climate change could cause widespread food shortages

    04/10/2007 12:18:41 PM PDT · by NormsRevenge · 51 replies · 946+ views
    AP on Yahoo ^ | 4/10/07 | Michael Casey - ap
    BANGKOK, Thailand - Warming temperatures could result in food shortages for 130 million people across Asia by 2050 and cause potentially catastrophic problems in Africa, wiping out one of the continent's staple crops altogether, according to a U.N. report released Tuesday. Climate change threatens the ecologically rich Great Barrier Reef and sub-Antarctic islands, and could melt the snow on Africa's Mount Kilimanjaro, according to the latest report from the Intergovernmental Panel on Climate Change. A summary of the full, 1,572-page document written and reviewed by 441 scientists was released Friday. The latest document, the second of four reports including the...