Energy: Oil, Agriculture, Food, Commodities & Cost of Living (8)

  • New Zealand’s at sea exposed: Secret papers reveal the government has allowed fishermen from poor countries to be exploited in New Zealand waters.
    Workers are fishing in rusting boats turned into high seas sweatshops…
    The government papers reveal that thousands of men from poor areas are beaten and forced to work for days without rest…
    Talley says New Zealand fishing is like the wild west, and getting worse.
    “I think because of the higher price of fuel around the world, and as more of these boats get displaced, New Zealand is ending up as the junkyard for these fleets. I think I can say without fear of contradiction that nothing has improved one bit, and, in many ways, things have got markedly worse.”
  • Yahoo! FinanceUS corn reserves expected to fall to 15-year low: Rising demand for corn from ethanol producers is pushing U.S. reserves to the lowest point in 15 years, a trend that could lead to higher grain and food prices this year.
  • OilPrice.comAre Corn Prices Indicating that $140 Brent Crude is on the Way?: Looking at this it hard not to conclude that Corn = Crude as far as directional price moves go. Which is the dog and which is the tail? I think crude drives corn. It takes a bunch of energy to grow corn (diesel and fertilizer). There is also the ethanol connection. The higher the price of gas, the greater the price for ethanol, the greater the price for corn.
    The conclusion is that the dog (crude) is wagging the tail (corn). But that is not what the chart says. Over the past four months corn has outpaced oil. In the past quarter the tail has been wagging that dog.
    One of two things will happen. Either corn corrects or crude corrects. My bet? The dog will catch up with the tail. This chart is telling me that $140 Brent is on the way.
  • UK IndependentSummer comes early, but heat brings threat of drought for millions
  • Business Insider / Fiscal TimesThe World Is In An Escalating Race For Rare Earth Metals: China currently has a lock on up to 97 percent of the world’s supply of rare earth minerals and has threatened to use this geologic advantage as a negotiating tool, causing a race to restart a U.S.-based industry in the name of national security, possibly with federal subsidies.
This entry was posted in Agriculture, Budget, Economy, Energy / Natural Resources, Environment, Geopolitics, Marine & Fisheries and tagged , , , . Bookmark the permalink.

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