Oil climbs on escalated Libya tensions
SINGAPORE (Commodity Online) : World oil prices advanced further in Asian trade Monday as political tensions spread to more countries including major oil producer Libya.
Light sweet crude for March delivery, which will expire Tuesday, was seen trading at $87.37 a barrel at 12.00 noon Singapore time while April delivery jumped to $91.35 a barrel.
In London, Brent crude for April delivery was at $103.54 a barrel.
Analysts said the black gold is likely to advance further during the day Benchmark on worries of oil supply disruptions as unrests over authoritarian governments in the Middle East escalate to more countries.
Concerns over Middle East oil supplies helped prices recover from early weakness after China raised its banks’ reserve requirements last Friday for the second time this year to combat rising inflation.
According to China’s National Development and Reform Commission, gasoline and diesel prices will go up 350 yuan per ton starting Read more…
Rising world food prices may soon hit Africa hard, but could be a future boon
Damaged rice is seen in a paddy field destroyed by flood- waters near a village in Manmunai West in Batticaloa district, about 199 miles east of Colombo, Sri Lanka, on Jan. 26. The floods inundated rice paddies, and according to the UN Food and Agriculture Organization, at least 15.5 percent of the main annual rice harvest could be lost.
Andrew Caballero-Reynolds/Reuters
Johannesburg, South Africa
Global food prices reached a historic high last month, a fact that may cause even the most comfortable of Americans to cinch in their belts and cut back on spending.
But what about the world’s poor?
“Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world,” World Bank Group President Robert Zoellick said Tuesday as he announced the bank’s findings that about 44 million people in developing countries have been pushed into poverty since Read more…
Poultry farmers on bird flu alert
“We have asked poultry farmers to report any unusual and large-scale deaths so as to take the necessary measures to confirm if there is any outbreak of bird flu here,” said Dr Y Thirupathaiah, additional director, planning, directorate of animal husbandry.
In 2006, bird flu fear led to losses worth crores of rupees in the state as poultry birds had to be culled in large numbers and eggs were also destroyed.
In case of any signs of bird flu in the state, the serum samples will have to be Read more…
North Korea ‘preparing nuclear test’
North Korea has started digging tunnels at its nuclear test site in apparent preparation for a third atomic detonation, a report said Sunday.
North Korea started building at least two new tunnels at its
facility in northeastern North Hamgyong province for a possible underground atomic test, according to a South Korean official.
The source told Yonhap news agency: “It is obvious evidence that it (the North) is preparing a third nuclear test.”
The report comes after Pyongyang racked Read more…
Military Wants More Global Partnerships In Space
US Needs To Better Protect Satellites, Military Says
AP Photo/Department of Defense, Cherie Cullen
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Posted: 5:02 am EST February 20, 2011Updated: 10:21 am EST February 20, 2011
WASHINGTON — The U.S. military needs to better protect its satellites and strengthen its ability to use them as weapons as the uncharted battlefield of space becomes increasingly crowded and dangerous, Pentagon leaders say. A new military strategy for space, as mapped out by the Pentagon, calls for greater cooperation with other nations on space-based programs to improve America’s ability to deter enemies. “It’s a domain, like air land and sea,” said Gen. Kevin Chilton, who led U.S. Strategic Command until he retired late last month. “Space is not just a Read more…
The Real Crisis That Will Soon Hit the US
Forget stocks, the real crisis is coming… and it’s coming fast.Iranian warships’ passage through Suez put back two days
Iran’s Fars news agency has identified the 1,500-tone Alvand as one of the warships heading to the Suez Canal
The passage of two Iranian naval ships through the Suez Canal has been put back to Wednesday, a canal official said on Sunday as Israel expressed its grave concern about the Mediterranean-bound vessels.
“The shipping agent handling the two Iranian warships has told the canal administration to push back their passage by two days,” the official told AFP on condition of anonymity.
He did not elaborate on the reasons for the delay, but confirmed that the new day of passage through the waterway that links the Mediterranean Sea to the Red Sea would be Wednesday.
Reportedly bound for Syria on a journey that would Read more…
NIBIRU,PLANET X Admitted by Scientists – NASA shuts down Space Telescope ‘WISE’!!
You know how you sometimes can sense that something is present even though you can’t see it? Well, astronomers are getting that feeling about a giant, hidden object in space.
And when we say giant, we mean GIANT.
They’ve found the largest planet ‘IN OUR SOLAR SYSTEM’!. It orbits our Sun in a far elliptical orbit, and is said to be 4x’s the size of Jupiter! It has a helium and hydrogen atmosphere. It’s most likely to have moons! This planet fits the exact description of Planet X!
So, one must ask, why are they suddenly telling us now? Scientists have known about this planet since 1983 ( Read article below) and they’ve been using WISE and IRAS to monitor it. Does this mean it will be visible this year? I’m thinking so. They have no choice but to tell us as it will viewable to everyone w/o a telescope this year. And why are they not calling this planet by its real name? Nibiru? Planet X? Well, that would mean that all of Read more…
NATO Warns of Food Crisis and More Unrest, Prices Increase 15% in Four Months
The World Food Program’s representative in one of the countries which has seen protests, Yemen, recently stated: ‘There is an obvious link between high food prices and unrest.’
Credit: NATO
The 2008 food crisis was a warning of things to come. More recently, food prices rose by 15% in just the period October 2010 to January 2011, according to the World Bank’s Food Price Watch.
This time, the impacts have been felt more keenly in political and security circles. The President of Read more…
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