Good job Slayer

Just curious

How would a food shortage play in this great game? Or does it?

Seems to me it would factor in some how. Possibly the country that can produce the most will have the upper hand.

"Eating Oil" was the title of a book which was published in 1978 following the first oil crisis in 1973 (1). The aim of the book was to investigate the extent to which food supply in industrialised countries relied on fossil fuels. In the summer of 2000 the degree of dependence on oil in the UK food system was demonstrated once again when protestors blockaded oil refineries and fuel distribution depots. The fuel crises disrupted the distribution of food and industry leaders warned that their stores would be out of food within days. The lessons of 1973 have not been heeded.

The collapse of complex systems is actually predicated on the idea that the systems would mutually reinforce each other’s failures. This is now plain to see as the collapse of banking (that is, of both lending and debt service), has led to the collapse of commerce and manufacturing. The next systems to go will probably be farming, transportation, and the oil markets themselves (which constitute the system for allocating and distributing world energy resources). As these things seize up, the final system to go will be governance, at least at the highest levels.

“The factor supporting oil is the situation in Nigeria,” said David Moore, a commodity strategist with Commonwealth Bank of Australia Ltd. in Sydney. “It seems to have intensified and it’s something that’s helping keep prices at a higher level.”

Yesterday, the contract rose $1.56, or 2.3 percent, to settle at $70.23 a barrel. Oil has gained 1.5 percent this week after falling 3.5 percent last week.

Originally posted by SLAYER69
I've been keeping an eye on this growing story for a few weeks now.

I'm not exactly sure how it fits in? Maybe just to artificially raise prices.


Oil Rises a Second Day on Equity Gains, Shell Pipeline Attack

“The factor supporting oil is the situation in Nigeria,” said David Moore, a commodity strategist with Commonwealth Bank of Australia Ltd. in Sydney. “It seems to have intensified and it’s something that’s helping keep prices at a higher level.”

Yesterday, the contract rose $1.56, or 2.3 percent, to settle at $70.23 a barrel. Oil has gained 1.5 percent this week after falling 3.5 percent last week.

The Movement for the Emancipation of the Niger Delta, the main militant group in Nigeria’s southern oil region, said it attacked an oil facility run by Royal Dutch Shell, hours after an offer of an amnesty by President Umaru Yar’Adua.

An oil well at Shell’s Afremo offshore field was blown up about 11 p.m. yesterday in response to “a punitive” raid by the military on Agbeti community in Delta state, Jomo Gbomo, the spokesman for the group, also known as MEND, said in an e-mailed statement today.

Afghanistan: Coalition troops launch massive assault on Taliban

KABUL, Afghanistan (CNN) -- Coalition troops launched a massive assault on a Taliban stronghold in southern Afghanistan and were able to push militants out of some areas they had controlled, they said Coalition said in a statement.

About 500 troops were involved in the operation, the NATO-led International Security Assistance Force announced Tuesday.

Coalition used more than 25 aircraft to drop hundreds of troops into the area at about midnight June 19.
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The troops, mostly from the United States and Britain, were able to secure three main crossing points in the area and w

Europe is aiming to diversify its gas supply routes away from Russia to transport gas via the Nabucco pipeline project from energy-rich Central Asian countries like Azerbaijan. The second stage of Shah Deniz is viewed as a potential source for Nabucco.

Originally posted by warrenb
reply to post by RDR17

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Everytime I hear someone discuss Reagan in a positive manner I can't help but think of the 1986 Iran-Contra war political scandal

ah the memories

In 1986, Mousavi played a great role in the Iran-Contra affair and secret negotiations and dealing with USA on helping them free the American hostages in Lebanon, in return for sale of the American weapons and spare-parts that Iran's army badly needed for Iran-Iraq War.

Originally posted by SLAYER69
reply to post by jam321

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You know what's funny about that?
Iran may be the first Gulf country that will need to import fuel efficient cars.


[edit on 26-6-2009 by SLAYER69]