its your.....daily dose of DOOM
06-09-2008, 06:40 PM
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its your.....daily dose of DOOM
UK Daily Mail: We're Nine Meals Away from Anarchy
If the trucks stopped moving, we'd start to worry and we'd head out to the shops, stocking up our larders. By the end of Day One, if there was still no petrol, the shelves would be looking pretty thin. Imagine, then, Day Two: your fourth, fifth and sixth meal. We'd be in a panic. Day three: still no petrol. What then? With hunger pangs kicking in, and no notion of how long it might take for the supermarkets to restock, how long before those who hadn't stocked up began stealing from their neighbours? Or looting what they could get their hands on? It was Lord Cameron's estimate it would take just nine meals before law and order started to break down, and British streets descended into chaos.
BBC: Riot Police Called in to Suppress Fishermen Fuel Price Protest
Police have clashed with hundreds of fishermen protesting against the high
cost of fuel outside the headquarters of the European Union. Riot police
responded by firing water cannon and launching baton charges. The
fishermen have said they will go out of business unless the EU allows
national governments to give them more financial aid and fuel subsidies.
TriState Observer: The U.S. Is Out of Grain, Butter, and Dry Milk Reserves
"According to the May 1, 2008 CCC inventory report there are only 24.1
million bushels of wheat in inventory, so after this sale there will be only
2.7 million bushels of wheat left the entire CCC inventory," warned Matlack.
"Our concern is not that we are using the remainder of our strategic grain
reserves for humanitarian relief. AAM fully supports the action and all
humanitarian food relief. Our concern is that the U.S. has nothing else in
our emergency food pantry. There is no cheese, no butter, no dry milk
powder, no grains or anything else left in reserve. The only thing left in the
entire CCC inventory will be 2.7 million bushels of wheat which is enough to
to make ˝ of a loaf of bread for each of the 300 million people in America."
Reuters: Across the U.S., Demand at Food Banks is Soaring
In the richest nation on earth, a rising number of people line up for free
food because they are struggling to put meals on the table at home.
Demand at food banks in the United States is up 15% to 20% over last year
and many food banks are having difficulty coping, according to America's
Second Harvest, the largest U.S. food bank provider . . .
Associated Press: High Cost and Demand for Fertilizer Scaring Farmers
In part because of a global surge in demand, the price of fertilizer has
skyrocketed 228 percent since 2000, forcing U.S. farmers to switch crops,
cut back on fertilizer or search for manure as a substitute. Wholesalers and
retailers are scrambling to find and buy fertilizer and juggle what supplies
they have to meet customers' needs. Between 2001 and 2006, global
demand jumped 14%, an amount equivalent to the entire U.S. market. The
cost of fertilizing an acre of U.S. corn rose from about $30 to $160.
CNN: Diesel Thieves Wreak Havoc on California Farmers
Sgt. Walt Reed of the Kern County Sheriff's Department and a member of
California's Rural Crimes Task Force said that more than $300,000 worth of
diesel fuel was stolen in Kern County in the past three months. The crooks
work around the clock, searching during the daytime for irrigation pumps
run by diesel engines and supply tanks filled with diesel or gasoline, police
and farmers say. They return at night, with their headlights off, to steal
hundreds of gallons of fuel at a time. Reed suspects that they're selling the
fuel to truckers who've been hit hard by skyrocketing prices.
Oregon Live: Biodiesel Production Hit by Grease Thieves
There's a shortage of fryer grease in America. Thieves pilfer it by the
gallon. Investors wage a bidding war for every golden drop. Add to that the
soaring price of soy and canola seed, and you can understand why 26
-year-old Libby Rodgers, who hopes to launch a biodiesel company, won't
reveal the sources of her blend. Last week, the price of biodiesel reached a
record $5.26 a gallon at some Portland-area gas stations, surpassing the
price of petroleum diesel even with tax breaks to consumers. Some grease
collectors say as much as 40 percent of their grease is stolen weekly.
Newsmax: Former Citibank Analyst Sees Oil Going to $450
You think Goldman Sachs was reaching when it said oil could spike to $200?
Try Louise Yamada on for size. The former Citigroup analyst sees oil going
to $450 inside a decade. Based upon fundamental demand and technical
market factors, Yamada says much higher oil just makes sense. "If the
present rhymes with history, oil prices might be expected to advance
significantly (to even above $453) over the decade ahead,” she wrote . . .
SF Chronicle: California May Soon See Gasoline at $5/Gallon
But in the last two trading days of the week, oil's price shot back up at a
speed never seen before, climbing more than $10 on Friday alone to set a
new record of $138.54 on the New York Mercantile Exchange. If oil keeps
rising, so will gas. Without a doubt, $5 gas would pose another significant
psychological milestone forcing Americans to scale back their consumption.
Reuters: Head of Libya's National Oil Corp. Says "Peak Oil is looming"
OPEC blames factors beyond its control, including speculation and political
tension, for the price rises. Those factors could take prices even higher
soon, said Iran's OPEC representative Muhammad Ali Khatibi. "I forecast
that by the end of summer the price of oil will reach $150 a barrel,"
Mohammad Ali Khatibi was quoted as saying by Iran's state broadcaster.
Concern over long-term supplies and declining output from producers
outside OPEC have also lifted the oil price. Shokri Ghanem, head of OPEC
member Libya's National Oil Corporation, said on Sunday that oil was
getting more difficult and costly to produce and that global supplies were
nearing a peak. "The easy, cheap oil is over," he said. "Peak oil is looming."
321 Energy: Mexico, the #3 Oil Exporter to the U.S., is About to Go Offline
Mexico provides about 14% of the oil the U.S. imports. On any given day
that makes it either the #2 or #3 leading source for U.S. oil imports after
Canada and Saudi Arabia. Given that the U.S. currently imports close to
70% of its oil needs, the Mexican oil is critical. But here’s the thing. Using
straightforward ELM calculations, Jeffrey Brown is confident that Mexico will
ship its last barrel of oil to the US -- or anywhere else, for that matter --
about 6 years from now, in 2014. In a recent interview with Brown, I asked
about this forecast. "From this point out I think we’ll see a geometric
progression in prices… you know, $50, $100, $200, $400 . . . The only
question is how short the periods will be between prices doubling again".
John Robb: Mexico Will Descend Into Iraq-Style, Oil-Fueled Chaos
Relinked in light of the above article on declining oil exports from Mexico:
Analysis of critical Mexican infrastructure reveals a critical flaw. Due to its
history as an oil exporter, nearly all domestic fuels and most of its
electricity is generated from oil and natural gas delivered by pipelines
radiating from the oil producing region in the southeastern corner of the
country. Low tech attacks along a 300-400 mile stretch of pipeline would
quickly starve the country of the oil needed to generate electricity and
refine fuels as the current system has been inadvertently built to maximize
cascading failures across multiple infrastructures if properly disrupted.
Greg Jeffers: Permanent Decline In Oil Imported to the U.S. Has Begun
While we cannot be sure that trend would continue, I am betting that it
does, and that we have begun a permanent decline in imported oil into the
U.S., and a permanent decline in total vehicle mile traveled averaging
something on the order of 5% per year. . . . By the end of 2010, the
reality that no hydrogen, ethanol, bio-diesel, tooth fairies, etc had made up
for the loss of petroleum supplies, and the STARK reality of the future will
be staring us down. The reaction in the markets to this [will be] profound.
Associated Press: Heating Oil Sticker Shock to Hit New England
While people in most of the country may be worried about their summer air
conditioning bills, many residents in the Northeast are way beyond that:
They're already thinking ahead to next winter's heating bills. And what
those who heat their houses with oil are seeing is giving them sticker
shock. Consumers — already on edge with rising gasoline and food prices —
will probably be outraged when they calculate their oil bills for next winter.
NY Times: Oil Price Surge Hits Wide Range of Raw Materials, Hard Goods
Airlines, package shippers and car owners are no longer the only ones being
squeezed by the ever-mounting price of oil, which shot up almost $11 a
barrel on Friday alone, to $138.54, a record. Companies that make hard
goods using raw materials derived from oil, like tires, toiletries, plastic
packaging and computer screens, are watching their costs skyrocket, and
they find themselves forced into unpleasant choices: Should they raise
prices, shift to less costly procedures, cut workers, or all three?
Carolyn Baker: The Switch Has Been Flipped, Time for Solutions is Over
I would be the first to admit the possibility that nuclear war may erase all
potential for human survival as collapse more fully unfolds. However, I
would also adamantly insist that it may not be inevitable and that local
communities and families who have consciously prepared for collapse can
not only navigate it but create mini-societies . . .
Creator of Mad Max film series Sees Peak Oil Turning Fiction Into Reality
Editor's Note: relinked in light of the speed at which events are now hurdling us towards the scenario portrayed in the film. In the film, an ugly warlord named "Lord Humungus" rides around the Australian desert trying to seize the last remaining deposits of oil. (See scene via YouTube) Here in the real world, we have a big ugly warlord named Dick Cheney who dispatches forces to the Mesopotamian desert to do pretty much the same thing:
George and I wrote the script based on the thesis that people would do
almost anything to keep vehicles moving and the assumption that nations
would not consider the huge costs of providing infrastructure for
alternative energy until it was too late. Sure, it contained a large element
of geeks' own adventures; but at its core was a sizeable kernel of truth.
That kernel has taken root, and it's called peak oil.
www.lifeaftertheoilcrash.net
If the trucks stopped moving, we'd start to worry and we'd head out to the shops, stocking up our larders. By the end of Day One, if there was still no petrol, the shelves would be looking pretty thin. Imagine, then, Day Two: your fourth, fifth and sixth meal. We'd be in a panic. Day three: still no petrol. What then? With hunger pangs kicking in, and no notion of how long it might take for the supermarkets to restock, how long before those who hadn't stocked up began stealing from their neighbours? Or looting what they could get their hands on? It was Lord Cameron's estimate it would take just nine meals before law and order started to break down, and British streets descended into chaos.
BBC: Riot Police Called in to Suppress Fishermen Fuel Price Protest
Police have clashed with hundreds of fishermen protesting against the high
cost of fuel outside the headquarters of the European Union. Riot police
responded by firing water cannon and launching baton charges. The
fishermen have said they will go out of business unless the EU allows
national governments to give them more financial aid and fuel subsidies.
TriState Observer: The U.S. Is Out of Grain, Butter, and Dry Milk Reserves
"According to the May 1, 2008 CCC inventory report there are only 24.1
million bushels of wheat in inventory, so after this sale there will be only
2.7 million bushels of wheat left the entire CCC inventory," warned Matlack.
"Our concern is not that we are using the remainder of our strategic grain
reserves for humanitarian relief. AAM fully supports the action and all
humanitarian food relief. Our concern is that the U.S. has nothing else in
our emergency food pantry. There is no cheese, no butter, no dry milk
powder, no grains or anything else left in reserve. The only thing left in the
entire CCC inventory will be 2.7 million bushels of wheat which is enough to
to make ˝ of a loaf of bread for each of the 300 million people in America."
Reuters: Across the U.S., Demand at Food Banks is Soaring
In the richest nation on earth, a rising number of people line up for free
food because they are struggling to put meals on the table at home.
Demand at food banks in the United States is up 15% to 20% over last year
and many food banks are having difficulty coping, according to America's
Second Harvest, the largest U.S. food bank provider . . .
Associated Press: High Cost and Demand for Fertilizer Scaring Farmers
In part because of a global surge in demand, the price of fertilizer has
skyrocketed 228 percent since 2000, forcing U.S. farmers to switch crops,
cut back on fertilizer or search for manure as a substitute. Wholesalers and
retailers are scrambling to find and buy fertilizer and juggle what supplies
they have to meet customers' needs. Between 2001 and 2006, global
demand jumped 14%, an amount equivalent to the entire U.S. market. The
cost of fertilizing an acre of U.S. corn rose from about $30 to $160.
CNN: Diesel Thieves Wreak Havoc on California Farmers
Sgt. Walt Reed of the Kern County Sheriff's Department and a member of
California's Rural Crimes Task Force said that more than $300,000 worth of
diesel fuel was stolen in Kern County in the past three months. The crooks
work around the clock, searching during the daytime for irrigation pumps
run by diesel engines and supply tanks filled with diesel or gasoline, police
and farmers say. They return at night, with their headlights off, to steal
hundreds of gallons of fuel at a time. Reed suspects that they're selling the
fuel to truckers who've been hit hard by skyrocketing prices.
Oregon Live: Biodiesel Production Hit by Grease Thieves
There's a shortage of fryer grease in America. Thieves pilfer it by the
gallon. Investors wage a bidding war for every golden drop. Add to that the
soaring price of soy and canola seed, and you can understand why 26
-year-old Libby Rodgers, who hopes to launch a biodiesel company, won't
reveal the sources of her blend. Last week, the price of biodiesel reached a
record $5.26 a gallon at some Portland-area gas stations, surpassing the
price of petroleum diesel even with tax breaks to consumers. Some grease
collectors say as much as 40 percent of their grease is stolen weekly.
Newsmax: Former Citibank Analyst Sees Oil Going to $450
You think Goldman Sachs was reaching when it said oil could spike to $200?
Try Louise Yamada on for size. The former Citigroup analyst sees oil going
to $450 inside a decade. Based upon fundamental demand and technical
market factors, Yamada says much higher oil just makes sense. "If the
present rhymes with history, oil prices might be expected to advance
significantly (to even above $453) over the decade ahead,” she wrote . . .
SF Chronicle: California May Soon See Gasoline at $5/Gallon
But in the last two trading days of the week, oil's price shot back up at a
speed never seen before, climbing more than $10 on Friday alone to set a
new record of $138.54 on the New York Mercantile Exchange. If oil keeps
rising, so will gas. Without a doubt, $5 gas would pose another significant
psychological milestone forcing Americans to scale back their consumption.
Reuters: Head of Libya's National Oil Corp. Says "Peak Oil is looming"
OPEC blames factors beyond its control, including speculation and political
tension, for the price rises. Those factors could take prices even higher
soon, said Iran's OPEC representative Muhammad Ali Khatibi. "I forecast
that by the end of summer the price of oil will reach $150 a barrel,"
Mohammad Ali Khatibi was quoted as saying by Iran's state broadcaster.
Concern over long-term supplies and declining output from producers
outside OPEC have also lifted the oil price. Shokri Ghanem, head of OPEC
member Libya's National Oil Corporation, said on Sunday that oil was
getting more difficult and costly to produce and that global supplies were
nearing a peak. "The easy, cheap oil is over," he said. "Peak oil is looming."
321 Energy: Mexico, the #3 Oil Exporter to the U.S., is About to Go Offline
Mexico provides about 14% of the oil the U.S. imports. On any given day
that makes it either the #2 or #3 leading source for U.S. oil imports after
Canada and Saudi Arabia. Given that the U.S. currently imports close to
70% of its oil needs, the Mexican oil is critical. But here’s the thing. Using
straightforward ELM calculations, Jeffrey Brown is confident that Mexico will
ship its last barrel of oil to the US -- or anywhere else, for that matter --
about 6 years from now, in 2014. In a recent interview with Brown, I asked
about this forecast. "From this point out I think we’ll see a geometric
progression in prices… you know, $50, $100, $200, $400 . . . The only
question is how short the periods will be between prices doubling again".
John Robb: Mexico Will Descend Into Iraq-Style, Oil-Fueled Chaos
Relinked in light of the above article on declining oil exports from Mexico:
Analysis of critical Mexican infrastructure reveals a critical flaw. Due to its
history as an oil exporter, nearly all domestic fuels and most of its
electricity is generated from oil and natural gas delivered by pipelines
radiating from the oil producing region in the southeastern corner of the
country. Low tech attacks along a 300-400 mile stretch of pipeline would
quickly starve the country of the oil needed to generate electricity and
refine fuels as the current system has been inadvertently built to maximize
cascading failures across multiple infrastructures if properly disrupted.
Greg Jeffers: Permanent Decline In Oil Imported to the U.S. Has Begun
While we cannot be sure that trend would continue, I am betting that it
does, and that we have begun a permanent decline in imported oil into the
U.S., and a permanent decline in total vehicle mile traveled averaging
something on the order of 5% per year. . . . By the end of 2010, the
reality that no hydrogen, ethanol, bio-diesel, tooth fairies, etc had made up
for the loss of petroleum supplies, and the STARK reality of the future will
be staring us down. The reaction in the markets to this [will be] profound.
Associated Press: Heating Oil Sticker Shock to Hit New England
While people in most of the country may be worried about their summer air
conditioning bills, many residents in the Northeast are way beyond that:
They're already thinking ahead to next winter's heating bills. And what
those who heat their houses with oil are seeing is giving them sticker
shock. Consumers — already on edge with rising gasoline and food prices —
will probably be outraged when they calculate their oil bills for next winter.
NY Times: Oil Price Surge Hits Wide Range of Raw Materials, Hard Goods
Airlines, package shippers and car owners are no longer the only ones being
squeezed by the ever-mounting price of oil, which shot up almost $11 a
barrel on Friday alone, to $138.54, a record. Companies that make hard
goods using raw materials derived from oil, like tires, toiletries, plastic
packaging and computer screens, are watching their costs skyrocket, and
they find themselves forced into unpleasant choices: Should they raise
prices, shift to less costly procedures, cut workers, or all three?
Carolyn Baker: The Switch Has Been Flipped, Time for Solutions is Over
I would be the first to admit the possibility that nuclear war may erase all
potential for human survival as collapse more fully unfolds. However, I
would also adamantly insist that it may not be inevitable and that local
communities and families who have consciously prepared for collapse can
not only navigate it but create mini-societies . . .
Creator of Mad Max film series Sees Peak Oil Turning Fiction Into Reality
Editor's Note: relinked in light of the speed at which events are now hurdling us towards the scenario portrayed in the film. In the film, an ugly warlord named "Lord Humungus" rides around the Australian desert trying to seize the last remaining deposits of oil. (See scene via YouTube) Here in the real world, we have a big ugly warlord named Dick Cheney who dispatches forces to the Mesopotamian desert to do pretty much the same thing:
George and I wrote the script based on the thesis that people would do
almost anything to keep vehicles moving and the assumption that nations
would not consider the huge costs of providing infrastructure for
alternative energy until it was too late. Sure, it contained a large element
of geeks' own adventures; but at its core was a sizeable kernel of truth.
That kernel has taken root, and it's called peak oil.
www.lifeaftertheoilcrash.net
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