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Keyword: supply

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  • This Suggests An Oil Price Recovery Might Be On Its Way

    12/10/2015 8:10:25 AM PST · by bananaman22 · 10 replies
    Oil futures prices are below $38 but there is a glimmer of hope in EIA’s Short-Term Energy Outlook (STEO) released today–world consumption increased in November and supply fell. OPEC did what everyone expected last week–nothing–and oil markets reacted badly. Brent futures fell 15% from $47.44 before the OPEC meeting on Friday (December 4) to $40.25 today (December 8). I have been saying that oil prices have been too high based on fundamentals and need to move lower in order for oil markets to balance. Now we may be seeing the beginnings of that trend. In November, world liquids supply fell...
  • The Oil Glut is Not Real

    05/27/2015 11:37:06 AM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 27-05-22015 | No Glut
    As it appears GDP will be seasonally adjusted again, I find myself wondering just one thing: why? Earlier GDP figures showed the US economy on the brink of recession for the first two quarters of this year. Now, with more fudging going on, who knows what it will show. The government appears to be following the Hollywood mantra: if you can bend perception enough, it will become reality. Look no further than the Federal Reserve, which continues to raise expectations of higher interest rates in the second half of this year, in hopes of inducing faster growth.
  • Oil Prices Will Fall: A Lesson In Gravity

    05/18/2015 3:30:48 PM PDT · by bananaman22 · 15 replies
    Oilprice.com ^ | 18-05-2015 | Arthur
    The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil prices have risen based on sentiment alone. The fundamentals of supply and demand indicate a dismal reality: oil prices will fall and may fall hard in the near term. Our present situation is like that of the cartoon character Wile E. Coyote. He routinely ran off of a cliff and as long as he didnt look down, everything was fine. But as...
  • Texas finds new execution drug supply

    03/19/2014 3:20:30 PM PDT · by CorporateStepsister · 60 replies
    MSN News/Reuters ^ | March 19, 2014 | By MICHAEL GRACZYK
    HOUSTON (AP) Texas has obtained a new batch of the drugs it uses to execute death row inmates, allowing the state to continue carrying out death sentences once its existing supply expires at the end of the month.
  • Solar Provides 0.2% of Electric Supply--Up From 0.02% Before Obama

    01/29/2014 5:16:08 PM PST · by Nachum · 38 replies
    cns news ^ | 1/29/14 | Terence P. Jeffrey
    (CNSNews.com) - Solar power, which President Barack Obama promoted in his State of the Union Address, accounted for 0.2 percent of the U.S. electricity supply in the first nine months of 2013, according to data published by the U.S. government's Energy Information Administration. That is up from the 0.02 percent of the total electricity supply that solar power sources provided in 2008, the last calendar year before Obama took office. Now, one of the biggest factors in bringing more jobs back is our commitment to American energy, Obama said in the State of the Union. The all-of-the-above energy strategy I...
  • PTI worker donate blood in Peshawar

    01/04/2014 2:44:10 AM PST · by musarratullah
    own work | 4 january 2014 | musarrat ullah jan
    Peshawar , January 4, 2014 Procession against Nato Supply still continues in Peshawar, on 43 days of the procession of PTI (Pakistan Tehreek Insaf) the volunteers of the Insaf Change Force and Pakistan Tehreek Insaf youth wing participated in the procession. More than 70 workers attend the procession camp near Hayat Abad Tol Plaza. Pakistan Tehreek Insaf started the precessions against Drone and they blocked the NATO supply from Peshawar. Kamran Bangash president of Pakistan Insaf Youth Wing district Peshawar & Zahid Khattak leader of Insaf Change Force leads the procession Near Hayat Abad Toll Plaza Peshawar . The worker...
  • If Obamacare Insurance was no longer Mandatory, would Liberal Democrats still buy it?

    11/13/2013 6:41:58 AM PST · by Graewoulf · 23 replies
    Graewoulf | November 13, 2013 | Graewoulf
    What would be the incentive for increased consumer demand for purchase of an Obamacare Insurance Policy instead of purchasing a policy from a private insurance company? After one year of competition on an open insurance market, how would Obamacare rate in terms of new policies, customer satisfaction, customer privacy, customer recommendations to others, and profit margins? After five years of insurance sales, would Obamacare still be operating at a net financial loss? Could a non-mandatory Obamacare be packaged for sale to a private Insurance Company? What would the the Fair Market Value of the privatization sale of Obamacare?
  • GM Debate Not Settled, Say European Scientists 'Genetically modified foods'.

    11/04/2013 10:55:03 AM PST · by KeyLargo · 128 replies
    Epoch times ^ | Oct 24, 2013 | Justina Reichel,
    GM Debate Not Settled, Say European Scientists Controversy erupts after World Food Prize awarded to Monsanto By Justina Reichel, Epoch Times | October 24, 2013 In the wake of biotech giants Monsanto and Syngenta being awarded the World Food Prize, a European coalition of scientists is challenging claims that the debate around genetically modified foods is settled and that GM foods are safe. The European Network of Scientists for Social and Environmental Responsibility, which consists of more than 90 scientists, academics, and physicians, released a statement Monday in response to sweeping claims that GM products are safe. We strongly reject...
  • Demand Exceeds Supply In 90% Of America's Major Housing Markets

    09/11/2013 7:49:45 AM PDT · by SeekAndFind · 39 replies
    Business Insider ^ | 09/11/2013
    Price appreciation is largely driven by the degree to which demand exceeds supply. While the best short-term measure of the housing demand/supply balance is months of supply of homes on the market, the best long-term measure is the ratio of household formations to new home construction. Since household formation data is highly unreliable, we use job growth as the best proxy because there are typically 1.2 jobs per household. Affordability, confidence, and demographic factors determine whether that household rents or buys. We have a great demand model that estimates that demand by price and rent range. Consider the following: *...
  • EPA Sets Biofuel Supply Requirements to Decrease Fossil Fuel Reliance

    08/06/2013 6:45:07 PM PDT · by Nachum · 19 replies
    free beacon ^ | 8/6/13 | CJ Ciaramella
    The Environmental Protection Agency will require oil refiners to blend 16.55 billion gallons of renewable fuels into the nations gasoline supply this year as part of its efforts to spur new fuel technology and decrease fossil fuel dependence. Nearly eight months past the legal due date, the EPA announced its yearly blending targets under the Renewable Fuel Standard (RFS) on Tuesday. Renewable fuel associations applauded the announcement, but the oil and gas industry criticized the agency for continuing to push a broken system. The EPAs blending requirements include 6 million gallons of the cellulosic biofuel, which is made from woodchips....
  • Colorado editor advocates sending NRA monsters to Guantanamo

    05/03/2013 5:24:12 PM PDT · by Nachum · 81 replies
    The Examiner ^ | 5/3/13 | David Codrea
    I now agree that its fruitless to give the benefit of the doubt to people who are so obviously corrupt, so clearly malevolent, so bent on hurting innocent people for their own sick gain, Aurora Sentinel editor Dave Perry wrote in an April 25 editorial. No more due process in the clear-cut case of insidious terrorism. When the facts are so clearly before all Americans, for the whole world to see, why bother with this countrys odious and cumbersome system of justice? he asked. Send the guilty monsters directly to Guantanamo Bay for all eternity and let them rot in...
  • How Government Will Take Meat off Your Table

    09/29/2012 6:02:08 AM PDT · by Paladins Prayer · 54 replies
    The New American ^ | 28 September 2012 | Selwyn Duke
    The British pork industry is collapsing, and its a story that should serve as a warning to all of us. Why? Because the agents of its demise have the entire West in their crosshairs. The numbers are staggering. With a pig herd halved during the last decade, Britain has gone from producing 110 percent of its domestic consumption of pork to only 40 percent. This is due to many of the nations pig farmers having left the business, and theyre poised to be joined by 100 more this year, which represents 10% of Britain's small to medium-sized producers, reports the...
  • Other voices: Supply and demand in the Oil Patch

    07/11/2012 1:59:20 PM PDT · by TurboZamboni · 23 replies
    Pioneer Press ^ | 7-10-12 | editors-Grand Forks Herald
    The guy has zero college and walks out of high school and is making 90-grand," said a Williston, N.D., teacher with a master's degree, speaking to The Associated Press about a former student who's working in the Oil Patch. "To me, that seems to be an injustice." Say what? Neither justice nor a degree entitles a person to a higher income. That's one of the fundamental truths of the labor market, and people in Williston and elsewhere should understand why.
  • Can Increasing the Minimum Wage Boost GDP?

    12/07/2011 8:08:11 AM PST · by Kaslin · 16 replies
    Townhall.com ^ | December 7, 2011 | Political Calculations
    Does increasing the minimum wage increase GDP? Bloggingstocks' Joseph Lazaro outlined the theory that it might back on 1 August 2009, shortly after the U.S. federal minimum wage reached its current level of $7.25 per hour (emphasis ours): ... the U.S. Federal Reserve will be monitoring prices and costs to see if the higher minimum wage is creating inflation havoc at a time when U.S. businesses least need another concern to deal with. Businesses have enough to worry about; and some are struggling just to maintain operations for another quarter or two -- the recession has been that damaging. But...
  • Anonymous Confirms August Hacking Of Military Supply Site (SpecialForces.com)

    12/30/2011 7:44:26 AM PST · by Libloather · 16 replies
    Red Orbit ^ | 12/30/11
    Anonymous Confirms August Hacking Of Military Supply SiteDecember 30, 2011 Members of the hacking collective Anonymous announced this week that they had breached the database of a military supply Web site earlier this month, reportedly obtaining 14,000 passwords and the credit card information of nearly 8,000 customers in the process. According to a Thursday article by Chloe Albanesius of PCMag, Anonymous targeted the website, SpecialForces.com, their customer base is comprised primarily of military and law enforcement affiliated individuals, who have for too long enjoyed purchasing tactical combat equipment from their slick and professional looking website. Albanesius notes that the attack...
  • Natural Gas Storage Hit Record High

    11/28/2011 10:24:40 PM PST · by Razzz42 · 14 replies
    Zacks Equity Research ^ | November 28, 2011 | Zacks
    ...A supply glut has pressured natural gas futures for most of 2011, as production from dense rock formations (shale) through novel techniques of horizontal drilling and hydraulic fracturing remain robust, thereby overwhelming demand. As a matter of fact, natural gas prices have dropped more than 25% from this years peak of about $5.00 per million Btu (MMBtu) in June to the current level of around $3.70 (referring to spot prices at the Henry Hub, the benchmark supply point in Louisiana). Of late, a mild autumn weather has driven a string of above-average inventory builds, indicating a grossly oversupplied...
  • Gold to Reach $5,000 Due to Supply Shortage: Report

    06/14/2011 12:20:33 PM PDT · by library user · 45 replies
    CNBC ^ | June 14, 2011 | by John Melloy
    An exhaustive report by Standard Chartered predicts that gold will more than triple to $5,000 an ounce because of a lack of supply, not just because of a surge in demand that most bullion bugs cite in their bullish calls. There are very few large gold mines set to commence operation in the next five years, said Standards analyst Yan Chen in a report Monday. The limited new supply comes at a time when central banks have turned from being net sellers to significant net buyers of gold. The result, in our view, will be a gold market in deficit,...
  • Rare Earths Seen Growing Less Rare

    05/07/2011 7:16:50 AM PDT · by TigerLikesRooster · 11 replies · 1+ views
    Nikkei ^ | 05/06/11
    Friday, May 6, 2011 Rare Earths Seen Growing Less Rare SYDNEY (Dow Jones)--Demand for rare earth elements that has driven up prices more than tenfold since 2009 is likely to be met by a surplus of supply by 2013, as Western companies start up new mines to compete with the Chinese firms that now dominate the market, Goldman Sachs analysts predicted Thursday. The forecast calls into question the sustainability of the current boom in rare earths, a suite of 17 elements used in products from high-powered magnets, and fuel refining to energy-efficient light bulbs and mobile phone screens, as well...
  • NATO supply to Afghanistan through Northern By pass in 2014, Minister Communication Pakistan

    04/09/2011 3:27:46 AM PDT · by musarratullah · 2 replies
    own ^ | 9 april 2011 | musarrat ullah jan
    Peshawar April 9, 2011, Federal Minister Communication Arbab Alamgir Khan said that for the development of the country, we work on the betterment of the road infrastructure. Talking to media at Northern by Pass Peshawar Federal Minister Communication said that 9.2 billion rupees are allocated for the northern by pass, which will be complete in 4 phases. He said that Northern by pass will construct to Takhta Bag Torkham Border, which not only decrease the heavy traffic on Peshawar city but also Nato Supply will be on northern by pass and supply will more secure from Pakistan to Afghanistan. Minister...
  • Japan: Tokyo supermarkets stripped bare as hoarding breaks out across region

    03/15/2011 9:53:44 AM PDT · by TigerLikesRooster · 53 replies · 1+ views
    Tokyo supermarkets stripped bare as hoarding breaks out across region Supermarkets in the Tokyo region have been stripped bare of food and other daily necessities in the wake of the March 11 Great East Japan Earthquake, producing shortages across the national capital region. Hoarding was apparently sparked by the quake and tsunami damage done to factories, as well as difficulty in obtaining raw materials caused by chaos in the distribution network, and the prioritization of the devastated northeast in the provision of basic supplies.
  • 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...
  • Wheat surges on higher exports, supply concerns

    01/23/2011 10:18:54 PM PST · by Nachum · 16 replies
    Associated Press ^ | 1/24/11 | Staff
    New York - Wheat prices are surging after export sales skyrocketed. The U.S. Agriculture Department said Friday that export sales of wheat totaled 1.05 million metric tons last week. It's the highest level since August, when Russia banned wheat exports after a drought devastated much of its crop. (Snip) Wheat for March delivery rose 21 cents, or 2.6 percent, to settle at $8.245 a bushel. March corn added 3.25 cents to settle at $6.5725 a bushel while soybeans slipped 2 cents to $14.1225 a bushel.
  • Gold, silver coin supply runs dry during Indian festival

    11/05/2010 10:05:07 PM PDT · by DeaconBenjamin · 21 replies · 1+ views
    International Business Times ^ | November 5, 2010 10:47 AM ED
    Sales of precious metal coins during the festivals in India, the world's largest consumer of gold, are higher this year as compared to last year, the Times of India reports. Many jewelers ran out of low-denomination gold and silver coins on Wednesday evening, when Dhanteras kicked off the first five days of Diwali. The coins are typically gifted during the holidays. ''Most markets are witnessing a huge crowd," Praveen Khandelwal, president of Confederation of All India Traders, told the newspaper. "Business has been much better in comparison to the past two years." Indian demand for gold typically rises by 40...
  • China's Rare Earth Supply That The World Relies On Could Now Run Out In Just 15 Years

    10/16/2010 11:35:29 AM PDT · by SeekAndFind · 15 replies
    Business Insider ^ | 10/16/2010 | Vincent Fernando, CFA
    Most of the world is dependent on China to supply rare earths as key raw materials used in many of the latest technologies from military hardware to electric cars, but China's Ministry of Commerce is warning that its massive supply of rare earths could be exhausted in just 15 - 20 years. The current rate of production and global consumption is just too large for China. Bloomberg: China, controller of more than 90 percent of production of the materials used in cell phones and radar, cut its export quotas by 72 percent for the second half and reduced output, spurring...
  • Why Do Koreans Own The Black Beauty Supply Business?

    09/29/2010 1:16:44 PM PDT · by Niuhuru · 54 replies
    Atlanta Post ^ | September 27, 2010 07:06 AM | R. Asmerom
    Its odd but no so odd at the same time. By now, many people expect to walk into a beauty supply store and see a Korean store owner manning the register. Whether youre in the suburbs of Houston or on MLK Blvd in Anytown, USA, you know what to expect. And yet, walking down a street in a Black neighborhood with Black residents and Black customers buzzing about the retail shops, that image of the few Koreans in the neighborhood only existing behind the cash register of liquor, beauty supply and other retail shops is still perplexing.
  • New Threats to U.S. Blood Supply

    05/25/2010 9:38:19 AM PDT · by Nachum · 13 replies · 430+ views
    wsj ^ | 5/25/10 | staff
    Public health officials are battling a host of new infectious threats to the nation's blood supply. Blood centers, which have long tested for risks like hepatitis C and AIDS, have added a number of new tests on donated blood in recent years, including checks for West Nile virus and Chagas, a tropical parasitic disease. But new screening tests are hard to develop and can take years to win government approval. Currently, for instance, there's no way to screen for newer threats like babesiosis, a parasitic infection that has been linked to 10 U.S. deaths through blood transfusions since 2006. And...
  • Gasoline jumps after unexpected supply drop

    02/03/2010 1:08:49 PM PST · by NormsRevenge · 18 replies · 494+ views
    AP on Yahoo ^ | 2/3/10 | Chris Kahn - ap
    NEW YORK (AP) -- Gasoline futures jumped nearly 2 percent Wednesday after the government reported a surprise drop in the nation's supply. This could eventually tug pump prices higher, but so far that hasn't happened. Retail gas prices have tumbled for three straight weeks. The Energy Information Administration reported that gasoline stockpiles fell by 1.3 million barrels last week. Supplies sank as U.S. refineries continued to churn out less fuel. The EIA report said refineries are operating at the lowest level on record, other than a few weeks in 2008 and 2005 when hurricanes ripped through the Gulf of Mexico...
  • Majority of U.S. Cocaine Supply Cut with Veterinary Deworming Drug

    12/21/2009 3:11:40 PM PST · by Reaganesque · 25 replies · 1,533+ views
    Cocaine's a hell of a drug, and even more so when laced with another drug that's commonly used to deworm opossums. Federal agents have found that 69 percent of cocaine shipments seized entering the United States contain levamisole, a veterinary drug linked to serious weakening of the immune system in humans. Here's the real funny part: no one knows why. This comes from a recent report by the Centers for Disease Control and Prevention (CDC) on the immune system condition, known as agranulocytosis. The paper tracks 21 cases from New Mexico and Washington State linked to cocaine, including one death,...
  • U.S. Will Donate Part of H1N1 Vaccine Supply to Foreign Nations Before Meeting This Nations Demand

    10/24/2009 8:22:56 PM PDT · by FreeKeys · 100 replies · 5,214+ views
    CNSNEWS.COM ^ | Thursday, October 22, 2009 | Chris Neefus
    Sebelius Says U.S. Will Donate Part of H1N1 Vaccine Supply to Foreign Nations Before Meeting This Nations DemandThursday, October 22, 2009 By Chris Neefus ....... Sen. Jon Tester (D-Mont.) asked Health and Human ServiceSecretary Kathleen Sebilius why the United States shouldget vaccinations ahead of people in other countries, includingthose in countries that are producing the vaccine for theUnited States. (CNSNews.com/Penny Starr)When Sen. Jon Tester (D-Mont.) had his turn to questionSebelus, he raised the issue of whether the United States was"entitled" to the vaccine more than other nations. "Why shouldwe be more entitled, the U.S. be more entitled to...
  • New Discovery Means The World May Never Run Out of Fuel!

    09/16/2009 6:49:22 PM PDT · by QenBirQeni · 41 replies · 2,140+ views
    Digitaljournal.com ^ | 09/13/2009 | Stephanie Dearing
    A team of scientists based at the Royal Institute of Technology in Sweden have made a "revolutionary" discovery about how hydrocarbon is formed, learning that animal and plant fossils are not necessary to form crude oil. The discovery, the scientists say, means that the world will never run out of crude oil.
  • The bullets are back

    08/07/2009 2:03:24 PM PDT · by marktwain · 58 replies · 1,941+ views
    Denver Gun Rights Examiner ^ | 6 August, 2009 | Dan Bidstrup
    My brother and I attended a gun show last weekend and I have good news. Bullets are back. Not only was I able to buy all the 9mm rounds I wanted, but my brother found adequate supplies of .380 ammunition as well. Stacks of .223 ammo were also in evidence. Since our government hasn't changed in six months, what has changed? Economics 101 tells us that the marginal utility of the next bullet will be less than the last one. In other words, if I have no bullets to shoot in my pistol, I really, really want the first 10...
  • U.S. Cities Consider Congestion Pricing

    07/14/2009 6:11:04 PM PDT · by Tolerance Sucks Rocks · 11 replies · 689+ views
    National League of Cities ^ | July 13, 2009 | Matt Bradley and Julia Pulidindi
    The social and economic costs of lost productivity and wasted fuel from traffic-choked streets are estimated to be $87 billion a year, according to the Texas Transportation Institutes 2009 Urban Mobility Report. So far, federal, state and local efforts focused mostly on expanding road capacity have been largely unsuccessful at slowing the growing congestion on U.S. roads. Transportation experts now advocate a different approach, changing the emphasis from increasing supply to reducing demand. To reinforce smart growth policies, plug mounting transportation funding gaps and achieve immediate traffic relief, London, Stockholm, Singapore, Milan and three cities in Norway have...
  • Obama's Worst Role

    06/20/2009 2:55:53 AM PDT · by Scanian · 7 replies · 596+ views
    The American Thinker ^ | June 20, 2009 | Randy Fardal
    Vice President Biden recently confessed that the administration "guessed wrong" on the stimulus bill. Even President Obama reluctantly admitted that unemployment is likely to reach ten percent this year, after promising in February that his stimulus package would keep it from exceeding eight. The US economy is so large and globally dominant that it probably will recover at some point -- perhaps just in time for the 2010 elections. And once it recovers, no doubt Mr. Obama will stop blaming his predecessor and take credit for it. But his actions only worsened the economic recession, just as President Roosevelt's did...
  • U.S. Seeks More Supply Routes for Afghanistan

    12/31/2008 3:35:01 PM PST · by SandRat · 19 replies · 439+ views
    WASHINGTON, Dec. 31, 2008 As Pakistani troops apply renewed pressure on militants who have threatened a major supply line, military transportation officials are seeking alternate routes for supplying U.S. and NATO troops deployed in Afghanistan. Pakistani forces yesterday renewed offensive operations targeting militants who, in recent weeks, have attacked some supply convoys that transit the Khyber Pass. That supply route runs hundreds of miles from the Pakistani port city of Karachi to Peshawar in northwestern Pakistan and then through the Khyber Pass into Afghanistan. The Khyber Pass route provides about 75 percent of the U.S. supplies to troops...
  • No Drilling, No Nukes, No Nada!

    08/01/2008 5:39:57 AM PDT · by CharlesThe Hammer · 25 replies · 129+ views
    National Review Online ^ | August 1, 2008 | Charles Krauthammer
    Dems Against Drilling Saving the Earth from Americas domestic energy supply. By Charles Krauthammer House Speaker Nancy Pelosi opposes lifting the moratorium on drilling in the Arctic National Wildlife Refuge and on the Outer Continental Shelf. She wont even allow it to come to a vote. With $4 gas having massively shifted public opinion in favor of domestic production, she wants to protect her Democratic members from having to cast an anti-drilling election-year vote. Moreover, given the public mood, she might even lose. This cannot be permitted. Why? Because as she explained to Politico: Im trying to save the...
  • The Dines Theory of Money Supply Suggests We Are in a Deflation

    07/28/2008 5:21:29 PM PDT · by shrinkermd · 22 replies · 232+ views
    28 July 2008 | Vanity
    I have taken the Dines Letter off and on for over three decades. I like his literary style and his unique and useful commentary. I am not about to steal his proprietary findings and put them on the Internet. I am also not writing a testimonial for his newsletter. What I am trying to do is describe his view of the term money supply and how broadening it suggests we are in a steep deflation. This sounds irrational. Most people consider money supply to be the total money held by the non bank public. Essentially, this boils down to currency...
  • Democrats Should Let Us Drill

    07/18/2008 3:04:33 AM PDT · by Puzzleman · 17 replies · 167+ views
    The Wall Street Journal ^ | July 18, 2008 | Mitch McConnell
    Now that an executive branch ban on offshore oil exploration has been lifted, the time has come for Democrats in Washington to lift their own ban on increased domestic supply. Americans are demanding that Congress do something about record-high gas prices. They recognize that prices will not go down unless supplies go up. And they also know that the only thing now standing in the way of more domestic supply is the Democratic refusal to allow it...
  • First drop in annual oil production since 2002

    06/12/2008 11:41:56 AM PDT · by hreardon · 16 replies · 104+ views
    France24 ^ | June 11, 2008 | Reuters
    World oil production fell by 0.2 percent in 2007, the first decline since 2002, while consumption rose by 1.1 percent, BP (British Petroleum) said on Wednesday, highlighting a tight supply/demand balance that has helped push oil prices to record levels. Production fell by 130,000 barrels per day (bpd) last year to 81.53 million bpd and reserves were essentially flat at 1.24 trillion barrels, London-based BP said in its 2008 Statistical Review of World Energy. The figures compiled by BP underline the world's challenge of boosting production to meet growing demand, particularly from developing economies such as China and India.
  • Antarctic base gets condom haul before winter

    06/10/2008 10:31:13 AM PDT · by Westlander · 33 replies · 376+ views
    Reuters ^ | 6-9-2008 | Reuters
    WELLINGTON, New Zealand - One of the last shipments to a U.S. research base in Antarctica before the onset of winter darkness was a year's supply of condoms, a New Zealand newspaper reported Monday. Bill Henriksen, the manager of the McMurdo base station, said nearly 16,500 condoms were delivered last month and would be made available, free of charge, to staff throughout the year to avoid the potential embarrassment of having to buy them. About 125 scientists and staff are stationed at McMurdo base, the largest community in Antarctica, during the winter months when there is constant darkness.
  • Oil prices pass $132 after government reports supply drop (Thanks to DemocRats, Moderates & Greens)

    05/21/2008 9:10:04 AM PDT · by NormsRevenge · 143 replies · 265+ views
    AP on Yahoo ^ | 5/21/08 | John Wilen - ap
    NEW YORK - Oil prices bolted to a new record above $132 a barrel Wednesday after the government reported that supplies of crude oil and gasoline fell unexpectedly last week. And crude's rise in the futures market again pressured consumers by pulling prices at the pump higher a gallon of regular gas rose overnight to a new record above $3.80 a gallon. With gas and oil prices setting new records on a daily basis, many analysts are beginning to wonder whether anything can stop runaway prices. There are technical signals in the futures market, including price differences between near-term...
  • Obese blamed for the world's ills

    05/16/2008 9:29:21 AM PDT · by Tolerance Sucks Rocks · 100 replies · 219+ views
    BBC News ^ | May 16, 2008 | BBC News
    Obese people are contributing to the world food crisis and climate change, experts say. The London School of Hygiene and Tropical Medicine calculated the obese consume 18% more calories than average. They are also responsible for using more fuel, which has an environmental impact and drives up food prices as transport and agriculture both use oil. The result is that the poor struggle to afford food and greenhouse gas emissions rise, the Lancet reported. It comes as the World Health Organization predicts the obese population will double by 2015 to 700m. In the UK, nearly a quarter of adults are...
  • China's Grain Market Balance Difficult to Maintain in Long Term

    04/16/2008 9:37:58 AM PDT · by TigerLikesRooster · 11 replies · 56+ views
    China's Grain Market Balance Difficult to Maintain in Long Term By Interfax-China 16 Apr 2008 at 11:01 AM GMT-04:00 SHANGHAI (Interfax-China) -- It will be difficult for China to maintain a balance between domestic grain supplies and demand in the long term, the head of China's State Administration of Grain (SAG) said. In 2007, China's grain output stood at 501.5 million tonnes, but there was only a modest surplus in wheat production. Rice and corn saw essentially balanced supply and demand, while the supply gap for soybeans expanded. Although China's grain supply and demand will be basically balanced this year,...
  • Mullen Talks Training, Supply With Senior Pakistani Leaders

    03/06/2008 3:43:45 PM PST · by SandRat · 1 replies · 107+ views
    ISLAMABAD, Pakistan, March 6, 2008 The chairman of the Joint Chiefs of Staff continued U.S. engagement with Pakistan, a crucial ally in the war on terror, during March 4 meetings here with military leaders and Pakistani President Pervez Musharraf. Navy Adm. Mike Mullen said he and the military leaders talked about U.S. training support to Pakistan. Mullen arrived in Pakistan from Iraq on March 3 and immediately went to a dinner hosted by Pakistani Army Chief Gen. Ashfaq Kayani. The next morning, he held further discussions with Kayani and the chief of the Joint Staff Gen. Tariq Majid before...
  • World To Face "Oil Crunch"

    07/12/2007 9:01:08 PM PDT · by JohnA · 18 replies · 1,503+ views
    4driversonly.com ^ | 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...
  • Officials Reach for Realistic Targets for Iraqs Electric Supply

    06/12/2007 4:52:42 PM PDT · by SandRat · 5 replies · 278+ views
    WASHINGTON, June 12, 2007 The goal for Iraqs electrical sector is to meet roughly 50 percent of demand over the summer, a U.S. reconstruction official said. Army Col. Michael Moon, director of electrical sector development for the U.S. Army Corps of Engineers Gulf Region Division, spoke with bloggers and online journalists on a June 9 conference call. He said he expected to have between 5,000 and 6,000 megawatts of power on the Iraqi grid by summers end. Steady generation of 5,000 megawatts would represent 56 percent of the electricity demand for the country and just over 50 percent...
  • Milk prices on the rise worldwide (lost economic logic?)

    05/15/2007 3:51:15 AM PDT · by cbkaty · 22 replies · 628+ views
    Houston Chronicle ^ | May 14, 2007, 10:49PM | GAVIN EVANS and DANIELLE ROSSINGH
    Higher demand, lower subsidies driving costs Milk prices worldwide are rising at the fastest rate ever and won't be falling anytime soon because of growing demand in China and Latin America and dwindling government supplies. Dairy farmers have failed to keep pace with a 3 percent increase in annual milk consumption, according to Rabobank Groep in the Netherlands, the world's biggest agricultural lender. Reduced subsidies eliminated milk surpluses in Europe and slowed production growth in the U.S., government data show. The rally started last year after Australia reduced exports because of its worst drought in a century. "Over the next...
  • AAA: Gas Prices Driven to Record High

    05/14/2007 7:29:40 AM PDT · by EagleUSA · 14 replies · 846+ views
    Fox News / Reuters ^ | 05/14/2007 | EagleUSA
    NEW YORK U.S. gasoline prices climbed to a record high average of $3.073 a gallon on Monday, breaking the previous peak hit after hurricanes knocked out refineries on the Gulf Coast in 2005, travel and auto group AAA said. The higher prices come just ahead of the peak summer driving season, when Americans take to the roads for vacation. Gasoline prices are up about 50 cents since March, according to the survey of 85,000 service stations, with energy experts blaming the spike on planned maintenance and operating problems at the nation's oil refineries. "Because oil prices today are at...
  • Deep Sea, Arctic May Hold World's Largest Fuel Supply, Experts Say

    03/07/2007 4:20:48 PM PST · by blam · 20 replies · 861+ views
    National Geographic ^ | 3-7-2007 | Richard A Lovett
    Deep Sea, Arctic May Hold World's Largest Fuel Supply, Experts Say Richard A. Lovett for National Geographic News March 7, 2007 The energy source of the future may lie beneath the ocean floor and under Arctic permafrost, scientists say. Both places are sources of gas hydrates, strange icelike substances that trap methanethe primary component of natural gas. "It's not frozen gas," explained Timothy Collett of the U.S. Geological Survey in Denver. "It's [formed] from the interaction of gas and water." The hydrates were discovered in 1983, and no one knows how many of them exist. But there appear to be...
  • Oil prices dip below $57 a barrel as gasoline, distillate inventories rise

    01/04/2007 8:32:05 AM PST · by xzins · 55 replies · 1,068+ views
    Earthlink ^ | 4 Jan 07
    Oil prices dip below $57 a barrel as gasoline, distillate inventories rise From Associated Press January 04, 2007 11:00 AM EST NEW YORK - Oil prices slid for a second day on Thursday after the government reported that inventories of gasoline, heating oil and diesel fuel rose more than analysts expected during the last week of 2006. Light, sweet crude for February delivery fell $1.30 to $57.02 a barrel in morning trading on the New York Mercantile Exchange, after dipping as low as $56.86. On Wednesday, the contract plunged $2.73 to $58.32 a barrel, the biggest one-day drop since Aug....
  • Black-market weapon prices surge in Iraq (media's "blame America" meme on full display)

    12/11/2006 2:30:16 PM PST · by atomic conspiracy · 6 replies · 537+ views
    International Herald-Tribune ^ | 12-11-06 | C.J. Chivers
    SULAIMANIYA, Iraq: The Kurdish security contractor placed the black plastic box on the table. Inside was a new Glock 19, one of the nine-milimeter pistols that the United States issued by the tens of thousands to the Iraqi Army and police force. This pistol was no longer in the custody of Iraqi Army or police officers. It had been stolen or sold, and it found its way to an open-air grocery stand that does a lively black-market business in police and infantry arms. The contractor bought it there. He displayed other purchases, including a short-barreled Kalashnikov assault rifle with a...