Politics

Oil prices fluctuated in the high $70’s this week reflecting the ups and downs of the dollar. Higher oil prices are loosening the discipline around the implementation of OPEC oil quotas as producers cash in...

Not many years from now, there will be a huge uproar over who missed the coming of peak oil. There will be Congressional hearings and much finger pointing and protestations that the peaking of world oil production was impossible to predict.

-Will rising oil prices derail the recovery?
-Banks Hasten to Adopt New Loan Rules
-Finite Resources: One Possible Explanation for the Financial Crisis
-What Is Inflation and How Does One Measure It?
-They can make this rally last for years

Our current food systems are precarious and vulnerable to external ‘shocks’. A combination of one or more external factors, such as extreme weather conditions, global conflict or trade disputes could easily disrupt the continuity of food supplies unless we make fundamental changes to the way we farm, process, distribute and eat our food over the next 20 years.

-Gazprom defends rigid contract terms with Europe
-Gazprom dismisses warnings of lengthy gas glut
-EU seeks Russian energy boost

We've recently heard more veiled threats from Putin about Ukraine being unable to pay for gas (thus presumably leading to new attempts at cutting them off), which suggests that Russia is getting itself ready to start a new crisis.

-Obama and Hu aim to agree greenhouse gas targets
-China's empty city
-China's Blunt Talk for Obama
-Market cornered for rare minerals
-Chinese credit card debt mounts

A recent front-page report by the British newspaper, The Guardian, is the latest reason why Canada needs a top-level analysis of global hydrocarbon supplies. The Guardian’s November 9th story is headlined “Key oil figures were distorted by US pressure, says whistleblower.” The story focuses on the world’s top energy monitoring and forecasting body, the International Energy Agency (IEA).

-Leaders plan a 'two-step' environment deal
-The psychology of climate change
-Greenland's Ice Sheet Melting Faster than Ever
-Rainforests could be traded on world market
-Leaders agree Copenhagen will focus on principles, not concrete goals
-World on course for catastrophic 6° rise, reveal scientists

-UN links climate with hunger
-Hungry for change
-The Links Between Food Security And Climate Change
-Agriculture in the Climate Change Negotiations, Platform Issue Paper
-The one thing depleting faster than oil is the credibility of those measuring it
-Promoting climate-smart agriculture

-The most recent economic downturn is a peak oil recession
-Oil: future world shortages are being drastically underplayed, say experts
-Oil reflects dollar moves, not market dynamics: Yergin
-Is the world awash in oil?

With all the talk about "food security," and distorted media statements like "South Korea leases half of Madagascar's land," it may not be evident to a lot of people that the lead actors in today's global land grab for overseas food production are not countries or governments but corporations.

For several years, Gazprom has had surpassingly bad PR -- worse even than Exxon, which since the 19th century heyday of John D. Rockefeller has almost proudly disdained the opinion of the world at large. The main problem has been Gazprom's intrusion into the lives of its neighbors -- its routine shutoff of gas to Georgia in the 1990s, for example, and its long reluctance to lease pipeline space for the export of natural gas from land-locked Kazakhstan, both actions that happen to coincide with the desire of Moscow to keep a foot on the throat of these former Soviet republics.

A weekly review including:
- The day of the whistleblower
- A New focus for the World Energy Outlook
- Production and prices
- Oil and the recovery
- Quote of the Week
- Briefs