FOOD AND OIL PRICES - ARABS (OPEC) ARE RESPONSIBLE FOR WORLD FOOD SUPPLY SHORTAGE

Indonesia:

Palm oil surged to a record on speculation supplies for food and alternative fuel will be limited after Indonesia, the world's biggest producer, announced it would raise export taxes if prices climb further.

India:

No sooner did Indonesia signal higher export taxes on palm oil than India said it may cut import duty.

The moves by the two governments highlight the struggle to contain living costs for their 1.3 billion people. Prices of palm oil and its rival soybean oil hit records today.

Pakistan:

Prices of edible oil may spiral out of control in coming days because of an increase in the price of palm oil in the international market, triggered by extraordinary Chinese purchases. More than half (56 per cent) of Pakistan's cooking oil and ghee are made from palm oil.
[link to blog.foreignpolicy.com]

Fertilizers:
About 95 per cent of the fertilizer produced in the world is used on farm crops.

The United States is one of the world's leading producers of fertilizer.

India is the fifth leading fertilizer producer in the world after Canada, China and France. India is the fourth largest consumer of fertilizer in the world.
[link to www.diehardindian.com]

HIGHER PRICE OF OIL,

HIGHER PRICE OF FERTILIZERS,

LESS CAN DEVELOPING COUNTRIES BUY,

LESS FOOD THEY CAN PRODUCE.

A Growing Worldwide Problem

There have been riots in Bangladesh, Egypt, Burkina Faso, Mauritania, Mozambique and Senegal. Rising prices have hit poor countries like Peru (and even developed countries like Italy and the United States).

A confluence of problems are driving the problem. They include soaring petroleum prices, which increase the cost of fertilizers, transport and food processing; rising demand for meat and dairy in China and India, resulting in increased costs for grain, used for cattle feed; and the ever-rising demand for raw materials to make biofuels.
[link to www.thought-criminal.org]

AND DANDRUFF TOO, YOU FORGOT DANDRUFF.

AND LITTER. IT'S ALL ON THEM.

DAMN ISLAMOPEOPLE

Yes OP

Lotus

"But how much higher it will go, of course it depends on a number of things
==================

Well, here in Scotland, the avreage fuel oil for 500 litres is £280 and its going up £10 per week on average

Its just bad management on the world governments but if you ask me, its all orchestrated, a card being played by the UN eh, social engineering for its world economy and management and its us at the lower end of the scale that has to pick up the bill. Something will give, no doubt, either that or the economy will crash and we'll have to fend for ourselves, that'd be a greenpeace dream eh lol

nice

House speaker asks Bush to stop stockpiling oil

Thu Apr 24, 1:16 PM ET

The Speaker of the House of Representatives on Thursday called on the White House to temporarily stop sending crude oil into the nation's emergency stockpile.

House Speaker Nancy Pelosi told reporters she was calling on President George W. Bush to work with Democrats to find a way to "temporarily suspend" oil deliveries to the Strategic Petroleum Reserve.

The White House immediately rejected the plea. "We don't believe the fill rates have a meaningful impact on oil supplies," White House spokesman Scott Stanzel said.

"We continue to fill the reserve to provide an added layer of protection to the American people in cases of severe supply disruption."

Pelosi said suspending deliveries would save drivers 5 cents to 24 cents per gallon at the pump.

As U.S. benchmark crude oil prices hit a record near $120 a barrel this week, the Bush administration insists that filling the reserve accounts for less than one-tenth of 1 percent of daily supply, and has no meaningful effect on prices.

The nearly 701 million barrels of crude oil stored in underground salt caverns in Louisiana and Texas are meant as a supply buffer in case of major supply disruptions like the 2005 hurricanes that hit the Gulf Coast oil patch. It was created by Congress in 1975 after the Arab oil embargo.

Current shipments come to about 70,000 barrels per day, while the United States uses about 21 million bpd.

Democrats in the Senate are also pursuing legislation that would require the Energy Department to suspend shipments to the reserve if prices are too high.

Democratic Senator Byron Dorgan of North Dakota said he would seek to attach an amendment to an upcoming supplemental appropriations bill that would forbid the government from sending oil to the SPR if oil prices are above $75 a barrel.

"I believe I have the votes," Dorgan told reporters. "I think I'm going to be able to get this dome."
[link to news.yahoo.com]

"Pelosi said suspending deliveries would save drivers 5 cents to 24 cents per gallon at the pump."

24 CENTS PER GALLON SAVINGS.... WOW, THAT'S A LOT

THOSE DEMOCRATS ARE SO SMART