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Posts Tagged ‘Oil Prices’

Gas prices surge toward $4, threaten economic recovery

April 16, 2011 3 comments

lakelandtimes

Click Map to enlarge

Gas prices continued to gallop toward $4 a gallon early this week, both in the area and across the state, as prices in Minocqua and Rhinelander hit $3.99 on Tuesday, even as prices for crude oil eased, at least temporarily.

Across the nation, according to GasBuddy.com on Wednesday morning, the national average price for a gallon of regular gasoline stood at $3.79; in Wisconsin, the average was $3.87. Four states, including Illinois, have seen prices already surpass $4.

Crude oil prices moved downward Tuesday from $113 a barrel – the highest price since September 2008 – to $106, a Read more…

Pastor Lindsey Williams: Nwo to Target ‘Yemen’ Next!

April 15, 2011 Comments off

Lindsey Williams announced on the Alex Jones Show that the New World Order will be targeting the fall of Yemen next.  Saudi Arabia will be last to fall in the Middle East thus causing oil prices to escalate from $150 to $200 per barrel.  He also touches on the current devaluation of the US Dollar and the current gold and silver explosion in commodities.  If you are able to… listen to this interview and research it for yourself.

Read more…

Saudi US Rift widening

April 13, 2011 1 comment

goldandsilverlinings
Back when Egypt was falling apart, not that it still isn’t, the Saudi king was very upset with the US for allowing his good friend Hosni Mubarak to fall. Rumor has it that the King almost or in fact did suffer a heart attack after talking to Obama about the way things were going in the Egypt.

The Saudi’s are now raising concerns that the Bushehr reactor is another Fukushima waiting to happen. The US is turning a blind eye to Saudi Arabia’s concerns, granted the Saudi’s are likely taking advantage of Fukushima to draw attention to their objective of halting Bushehr coming online. Israel has also been very quiet on Bushekr Read more…

Lindsey Williams: Arab Monarchies To Be Overthrown (Video

April 7, 2011 Comments off

UPDATE 2-Oil could hit $200-$300 on Saudi unrest-Yamani

April 5, 2011 Comments off

reuters.com


LONDON, April 5 (Reuters) – Oil prices could rocket to $200- $300 a barrel if the world’s top crude exporter Saudi Arabia is hit by serious political unrest, former Saudi oil minister Sheikh Zaki Yamani told Reuters on Tuesday.

Yamani said he saw no immediate sign of further trouble following protests last month calling for political reforms but said that underlying discontent remained unresolved.

“If something happens in Saudi Arabia it will go to $200 to $300. I don’t expect this for the time being, but who would have expected Tunisia?” Yamani told Reuters on the sidelines of a conference of the Centre for Global Energy Studies (CGES) which he chairs.

“The political events that took place are there and we don’t expect them to finish. I think there are some surprises on the horizon,” he said in a speech.

Saudi King Abdullah offered $93 billion in handouts in March in an effort to stave off unrest rocking the Arab world.

So far, demonstrations in the Kingdom have been small in scale and police were able to easily disperse a Shi’ite protest in the oil-producing eastern province last month.

But Yamani said that the reluctance of people to participate in popular protests was merely concealing underlying discontent.

“Some people relax about the situation in Saudi Arabia because the Saudi Islamic brand prohibits people to go to the street and to talk,” he said in a speech.

 

SAUDI TIME BOMB

Oil traded at two-and-a-half-year highs above $121 a barrel LCOc1 on Tuesday. Libya’s rebellion has shut its oil exports, stoking fears of disruptions in other major producers.

Warning of Recurring Food Crises

March 31, 2011 Comments off

voanews.com

Soaring and volatile food prices have experts warning of recurring food crises, putting poor people – especially women and children – at risk.

Similar conditions existed during the 2007/2008 food crisis, when high prices and shortages ignited unrest in many countries around the world.

IFPRI, the International Food Policy Research Institute, is calling for urgent action to prevent a repeat of the crisis. Director-General Shenggen Fen says, “Many food items have become more expensive…since last May or June. Wheat prices have almost doubled. The maize price has also increased substantially. Many meat products, dairy products have also increased substantially.”

While the situation is not as serious as the food crisis three years ago, Fen says, “If we don’t take urgent actions, food prices will continue to rise and the poor people will suffer.”

What’s triggering the price hikes? Read more…

High Gas Prices May Turn Suburbs Into Slums

March 28, 2011 Comments off

discovery.com

suburban sprawl

Americans rarely think much about zoning, but it governs almost every facet of how we live our lives. And unintended consequences of 50-year-old zoning codes may be about to turn some of our loveliest and quietest suburbs into the next slums.

Why? Simply because they’ve been built too far away from everything else, and we won’t be able to afford the gasoline it takes to go to and fro.

Suburbs: slums of the future?

At least, that’s the provocative conclusion of Peter Newman, one of the authors of a study released by the Planning Institute of Australia late last year.

The study looks at the future of suburban Australia, which has evolved in patterns very much like suburban America: sprawling, low-density, auto-dependent residential enclaves miles away from commercial areas and office parks.

“Urban sprawl is finished,” Newman told The Age. “If we continue to roll out new land releases and suburbs that are car-dependent, they will become the slums of the future.”

Following World War II, with the rise of affordable automobiles, cheap fuel and an increasingly Read more…