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Posts Tagged ‘Tunisia’

Oil Should Spike Higher Following Saudi Riots and Nigerian Elections in April

March 11, 2011 Comments off

businessinsider.com

The following special report on oil (LA Blog Only, leverageacademy.com/blog) discusses the oil market, providing reasons to be bullish  on the commodity given unrest in the Middle East, Nigerian elections in April, and rising domestic consumption in oil producing countries, including Venezuela, Nigeria, and Iran.  According to the article, the rise of oil prices could easily cause the next recession.   In 2010, soft commodities outperformed energy, but that will certainly change given the political headwinds abroad and continued monetary easing in the developed world.  Therefore, the Bernanke “Put,” combined with political unrest will be to blame for continued sharp price increases in the energy commodity sector.

Emerging market demand, especially in China, which now consumes nearly 10mm barrels of oil per day, will also be driving the demand side of the equation.  Money supply in China was also up 19.7% in 2010, because of the rapid Read more…

The Oil-Food Price Shock

March 11, 2011 Comments off

thenation.com

When future historians attempt to trace the origins of the current turmoil in the Middle East, they will find that one of the earliest of the many explosions of rage occurred in Algeria and was triggered by the rising price of food. On January 5, young protesters in Algiers, Oran and other major cities blocked roads, attacked police stations and burned stores in demonstrations against soaring food prices. Other concerns—high unemployment, pervasive corruption, lack of housing—also aroused their ire, but food costs provided the original impulse. As the epicenter of youthful protest moved elsewhere, first to Tunisia and then to Egypt and other countries, the food price issue was subordinated to more explicitly political demands, but it never disappeared. Indeed, the rising cost of food has been a major theme of anti government demonstrations in Jordan, Sudan and Yemen. With the price of most staples still climbing—spurred in part by a parallel surge in oil costs—more such protests are bound to occur.

Whatever the outcome of the protests, uprisings and rebellions now sweeping the Middle East, one thing is guaranteed: the world of oil will be permanently transformed.

From crippling droughts in the Ukraine and Russia to region-shaking unrest in Tunisia, rising commodity prices and extreme weather events are already threatening Read more…

Middle East Unrest Could Harm WMD-Free Zone Talks

March 9, 2011 Comments off

globalsecuritynewswire

Protesters chant slogans on Saturday during a demonstration outside an Egyptian state security building in the outskirts of Cairo. Recent political instability throughout the Middle East could complicate efforts to establish a regional weapons of mass destruction-free zone, current and former officials said (Wissam Nassar/Getty Images).

The unrest and revolutions sweeping through the Middle East have raised doubts over the potential for regional nations to hold previously planned talks focused on forming a weapons of mass destruction-free zone, Arms Control Today reported in its March issue (see GSN, March 1).

At the 2010 Nuclear Nonproliferation Treaty review conference in New York, member nations agreed to hold a 2012 meeting on “the establishment of a Middle East zone free of nuclear weapons and all other weapons of mass destruction.”

“We are absolutely committed” to the WMD-free zone meeting, White House WMD point man Gary Samore said in an interview last month. “But there’s a lot of uncertainty because of the unrest in the Middle East.”

In the last two months, longstanding regimes in Tunisia and Egypt have fallen, and protests in Libya have escalated into full-scale fighting between militants and forces loyal to Col. Muammar Qadhafi. Protests have also erupted in Bahrain, Jordan, Oman and Read more…

3 dead, dozens shot in Yemen unrest

March 9, 2011 Comments off

aljazeera

Many protesters are angry at widespread corruption in a country where 40 per cent live on $2 a day or less [Reuters]

Anti-government unrest continued in Yemen on Tuesday with three people reported dead in a prison riot in support of protests and dozens reported injured when police opened fire on crowds in Sanaa, the Yemeni capital.

Policemen and security agents in civilian clothes opened fire as they tried to prevent people from joining thousands of protesters camped out in front of Sanaa University, witnesses told the Reuters news agency. Three of the injured were said to be in a serious condition.

Meanwhile, three prisoners at a Sanaa prison were reported killed and Read more…

Gaddafi warns of bloodbath if West intervenes

March 3, 2011 Comments off

economictimes.indiatimes.com

TRIPOLI: Libyan strongman Moamer Gaddafi warned on Wednesday “thousands” would die if the West intervened to support the uprising against him, as rebels drove back an attack by his forces on an eastern town.

The chilling warning came as western powers dampened expectations of any early imposition of a no-fly zone over Libya, amid a clamour from western states for action to prevent Kadhafi’s warplanes from attacking his own people.

The United States is a “long way” from deciding on whether to impose a no-fly zone, US Secretary of State Hillary Clinton said as two US Navy ships steamed into position off Libya.

The 22-member Arab League appeared to offer an Arab and Read more…

Will $200 oil kill the economy?

March 2, 2011 Comments off

money.msn.com

Unrest in key oil-producing nations opens the door to price spikes that could push gas to $7 a gallon and spin the world back into recession. Here’s how we’d get there, and how to protect your portfolio.

Image: Oil drums © Kevin Phillips, Digital Vision, age fotostock


Are your pocketbook and portfolio ready for $200-a-barrel oil?

This kind of dramatic price spike may seem less likely now than a few days ago, with oil markets calming down a bit and the price slipping below $100. But given the instability and unrest rolling through the Middle East and North Africa, it’s a definitely a viable scenario.

For the moment, most oil sector analysts have gone off high alert because of a Saudi Arabian pledge to increase production to make up for any shortfalls sparked by unrest. But that ignores a key angle in all this: There’s simply not enough spare capacity to make up for the production losses we’d see if the rolling crises in the region hit just two or three major producers at once.

This could easily happen, given the heightened Read more…

Biblical Prophecies Are Being Fulfilled

March 1, 2011 Comments off

examiner.com

Biblical prophecies are being fulfilled. God is setting the stage for the Battle of Armageddon and the Second Coming of Our Lord and Savior, Jesus Christ.

God is setting the stage

Uprisings in Egypt and now Libya are setting the stage for things to come.  Iranian President Mahmoud Ahmadinejad says similar chaos will break out in Europe and North America.  Biblically, all of this will lead to what most of us already know is coming: Read more…

China tamps down Middle East-inspired protests before they can gain momentum

March 1, 2011 Comments off

washingtonpost.com

The Chinese government met protesters with a show of force Sunday. In Shanghai, police converged whenever a group of more than a dozen people seemed to be forming. (Peter Parks)

BEIJING – Police and security officials displayed a show of force here and in other Chinese cities Sunday, trying to snuff out any hint of protests modeled on the uprisings in the Middle East and North Africa. In Shanghai, several hundred people trying to gather were dispersed with a water truck.

Premier Wen Jiabao, meanwhile, used a morning Internet chat to promise to purge senior officials who are corrupt and to rein in inflation and rising home prices, directly addressing some of the most common grievances of ordinary Chinese.

Since a January uprising in Tunisia spurred similar anti-government protests across the Arab world, threatening long-entrenched authoritarian regimes, China’s Communist rulers have reacted nervously, with both defensive and aggressive tactics.

Officials have used state-run media outlets to dismiss any comparisons of those regimes with China. At the same time, they have stepped up public comments on the need to address “social conflict” and to tackle problems such as the growing income disparity between the rich and poor. They also have Read more…

Zawiyah: 30 miles from Tripoli, the city on the frontline of Libya’s revolt

February 28, 2011 Comments off
A man stands on a Libyan tank

guardian.co.uk

A man stands on a Libyan army tank manned by soldiers opposed to leader Muammar Gaddafi in the city of Zawiyah, holding a sign that reads in Arabic ‘Our demand: freedom.’ Photograph: Ahmed Jadallah/Reuters

“If you go down there you will meet young men with guns,” said one of the Libyan government minders. “Please be careful,” he warned.

The crossing from the territory controlled by the regime of Colonel Gaddafi to rebel-held land was a short walk, as unexpected as it was bizarre.

Bizarre, because we had been delivered to the edge of the city of Zawiyah by Gaddafi’s men, who were supposed to be showing us how far their leader’s writ still extended. Instead they let us out of our cars and made no effort to prevent us crossing to the other side.

The “down there” mentioned by the minder was a broad boulevard with barricades across the street. A man with a machine gun came out of a door, ammunition belt across his shoulder. A half hour’s drive from the centre of Tripoli and Gaddafi’s control had Read more…

Tunisian prime minister resigns amid new clashes

February 28, 2011 Comments off

TUNIS (AFP) – Prime Minister Mohammed Ghannouchi resigned Sunday, as security forces clashed with protesters in Tunis demanding the removal of some ministers of his interim government.

“I have decided to quit as prime minister,” Ghannouchi told a news conference, saying that he thought carefully before taking the decision which was supported by his family.

“I am not running away from responsibility. This is to open the way for a new prime minister,” he said.
“I am not ready to be the person who Read more…

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