Strike on Iran still possible, U.S. tells Israel

LATimes.com:

Ehud Barak, the Israeli defense chief, is visiting as Washington is perceived to be softening its stance toward Tehran.

WASHINGTON — Bush administration officials reassured Israel’s defense minister this week that the United States has not abandoned all possibility of a military attack on Iran, despite widespread Israeli concern that Washington has begun softening its position toward Tehran.

In meetings Monday and Tuesday, administration officials told Defense Minister Ehud Barak that the option of attacking Iran over its nuclear program remains on the table, though U.S. officials are primarily seeking a diplomatic solution.

- These few days are the most critical times for either peace or war in the middle-east. Either ways are making it difficult to choose the “right” path.

Iran seeks nuclear power for power generation and continued to be “defiant” and will pursue its nuclear path, the country’s highest authority, Supreme Leader Ayatollah Ali Khamenei, said on Wednesday, speaking just before a deadline set by world powers in a nuclear dispute.

This latest decisions by Iran clearly shown that Iran had already made their minds about the nuclear issue and nothing can change their decisions.

It’s almost like a death scream “Bring it On!” with some of them grinning from tooth to tooth as NAM, a group of 118 developing nations are broadly backing Iran’s right to use peaceful nuclear energy.

In just 35 hours before the dateline set by United nations for Iran to make their final decisions before further “actions” will be implemented against Iran.

Speculations about the possible results of this might be more severe economic sanctions against Iran or other possible military actions against Iran.

Predictions and speculations are rife in the internet and rumors are spreading like wild fires, things like fake news video clip on Youtube about military aircraft taking off at night with short captions below stating the “war on Iran had began” but in fact it’s not.

There are also fear mongering emails spreading like virus about some kind of terror attack on America again to give more reasons to “fight the war on terror” against Iran.

Fortunately, many people in the world is optimistic that the war will not happen and confident about the coming new America President can make more progress with Iran…or a nuclear powered Iran.

Obama had once mentioned that he is in support for Israel and it’s defense so the end game might not be so peaceful after all if Israel goes ahead with an preemptive attack against Iran.

Now it’s a clever chess game that Iran had Israel & America cornered with the Israel last knight left to jump around the whole board and retake control of the game…or jump to trap position for the ultimate Iran checkmate.

The current situation is the “war on terror” no longer sound “legal” any more to invade another country or countries due to “suspicion” of Weapons of Mass Destruction (WMD) or faulty intelligent of WMD.

Now, the fact that 9/11 attackers are Saudi decent and it had nothing to do with Saddam Husein dictatorship in Iraq and America invaded anyway with of course “potential benefits” of absolute control of the oil supply in Iraq.

American companies also in charge of “rebuilding” Iraq such as Haliburton and Blackwater which obviously isolated themselves in the “green zone” and much ignored the people’s hardships.

Immediately after the fall of Saddam Husein, the Iraqi Military are foolishly disbanded by America with caches of weapons still hidden in the country and further more the American soldiers did not police the law and order after the war that cause wide spread looting, rapes and anarchy.

It’s during these hard times that the sectarian violence starts to get worst between each factions in Iraq and America had to lose more good American soldiers battling the aftermath of the war…and continue until now.

There must be obviously some kind of mishandling in this Iraq war that caused such a deja-vu feeling of another prolonged “Vietnam War” that American are not prepared to lose again.

This time round, the odds are slightly different. Iraq is rich with oil that America may not want to lose control over it..Iraq did tried to change the oil trading currency to Euro instead of U.S. Dollar that might crash the U.S. Dollar suddenly.

Here’s the prelude to War with Iraq.

  1. Suspected to be in line with terror after 9/11 and labeled “Axis-Of-Evil” by Bush
  2. Suspected to have Weapon Of Mass Destruction
  3. Tried to bring down the US Dollar by switching Oil trading currency type to other currencies.

Here’s the similar happenings with Iran

  1. Suspected to be in line with terror labeled as “Axis-Of-Evil” by Bush
  2. Suspected to have a clandestine nuclear weapon program and may use it against Israel
  3. Going to bring down the US Dollar by switching Oil trading currency type to other currencies.

Latest News is

WASHINGTON (AFP) – The United States reaffirmed Wednesday a weekend deadline for Iran to give a final answer to world powers seeking a breakthrough in the nuclear crisis, warning of consequences on any defiance by the Islamic republic.

- This is the threat…of “consequences”, hints of sign of another sanctions or war? Time will tell.

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Thailand:’Shortages if no price hike’

Bangkok’s Independent Newspaper, The Nation:

Producers of soybean oil yesterday urged the Commerce Ministry to allow an immediate price increase, or conฌsumers could face shortages.

Companies are cutting production or turning to exports to take advantage of a big price gap between domestic and export prices, they said.

Sethasan Sethakarun, president of the Soybean Oil and Rice Bran Processors Association, said many soyฌbeanoil makers had cut production by 50 per cent due to losses from the govฌernment’s pricecontrol policy.

“The wide price gap between domestic and export prices has also encouraged producers to export rather than supply the domestic market,” he said, adding that domestic retail prices were Bt10Bt12 per a litre lower than in neighbouring countries.

To balance supply and demand for soybean oil, Sethasan called on the government to allow a price increase from Bt49.50 per litre bottle to Bt54 as soon as possible.

The association pointed out that cost of soybean had doubled from Bt11 a kilogram in July last year to Bt22 now.

Exports of vegetable oil account for 8 to 10 per cent of total production. Average monthly domestic conฌsumption of vegetable oil is 90,000 tonnes.

Of this, about 60,000 tonnes is palm oil, 20,00022,000 tonnes is soybean oil, and the remainder other vegetable oils such as from rice bran, sunflower seed and corn. Overseas prices of soybean oil vary.

For instance, the retail price is Bt60Bt64 a litre in China, Bt62.50Bt64 in Cambodia, Bt64.50 in Vietnam and Bt72 in Singapore.

The Department of Export Promotion has reported that Thai exports of soybean oil jumped 149.10 per cent to Bt425.7 million in the first six months of this year, up from only Bt170.9 million for the same period last year. About 30 per cent of exports go to the Philippines, followed by Singapore, Indonesia, Cambodia, and South Korea.

- Everyone get ready for the price hike!! Those countries affected take note!! This is going to be seriously impacting the food prices in Singapore if they uses soybean oil for cooking! Kindly don’t hoard oil as it will spike the prices even higher!

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Singapore: Sustainable if costs don’t tip the scales:

Todayonline:

IN A picture-perfect Singapore, environmentally speaking, people would cycle not just to the nearest MRT station but between towns; all homes would use energy-saving appliances; buildings would be “green” and solar panels would power our lives.

But is such a scenario sustainable, even if it is green?

For example, even as other countries have taken the plunge with feed-in tariffs to promote solar energy, the technology is still not price competitive and involves high capital cost.

“We have to bear in mind that solar is still two to three times what we pay for in grid power,” said Senior Minister of State for Trade and Industry S Iswaran. Subsidies would “distort” market signals and consumer habits.

So, what kind of green initiatives would be worth going the distance for?

This is what the Inter-Ministerial Committee on Sustainable Development wantsSingaporeans to think about and give their views on, with its launch of www.sustainable-singapore.gov.sg yesterday.

Formed in February, the committee is co-chaired by National Development Minister Mah Bow Tan and Environment and Water Resources Minister Yaacob Ibrahim. Other members are Finance Minister Tharman Shanmugaratnam, Transport Minister Raymond Lim and Mr Iswaran.

With the population growing, said Mr Mah, there is a need to re-look balancing growth and sustainability, while ensuring high quality living.

Setting down the general path the Republic would take, Mr Shanmugaratnam promised that the measures “will be bold”. “We are not going to be puny in the way we go about this, but we’ll be pragmatic and we’ll weigh costs and benefits and make sensible judgements on how to prioritise and what to do, and so on.”

The Government is also mindful of inflationary pressures and does not want to “add to costs for either businesses or consumers”, he added. “Many of things we do will have benefits in the long-term. Some of it wouldn’t show up as benefits in the short-term.”

And so that Singaporeans will take ownership of such measures, the Government has moved away from the traditional top-down approach in such matters and is seeking their suggestions.

SUBHD: Goals at every level – from cycling to lightbulbs

One achievable goal, said Mr Lim, is re-looking the humble bicycle as something for everyone. To promote bicycles as a mode of transport between towns, more parking facilities could be added at MRT stations. “It’s a shift in the way we look at cycling,” he said.

Meanwhile, the Government will continue to address bigger issues, such as car emission levels, by looking at the costs and benefits involved.

Said Mr Shanmugaratnam: “For example, diesel cars: Should we phase in Euro IV and eventually Euro V, and accept that the existing stock of vehicles will continue to emit particulate matter at higher than desirable levels? Or do we go aggressive and require all the existing stock be converted, which will cost a lot of money?”

“That the kind of issue we are looking at: At significant cost, are the benefits worth it or should we just phase things out and allow for a more graduated move towards reduced emissions?”

Another conundrum: Going ‘green’ with buildings. As it is more expensive to retrofit than to build new buildings, there is the question of how much the Government should subsidise developers or building owners, bearing in mind that these parties will save costs in the long run.

But even as the Housing and Development Board, for one, looks at how to design new flats to be more energy efficient and retrofit existing blocks, the public must play its part in cultivating a sustainable lifestyle.

Said Dr Yaacob: “Conserve water, switch off when you don’t use the air-con, switch to more energy efficient appliances which are all in the market … If they (Singaporeans) choose to cycle and walk, it will help us. The Transport Ministry will provide the infrastructure, but we have to get Singaporeans onboard.”

And if the public and private sectors do not respond to public education, more aggressive measures can come in, suggested Singapore Environment Council president Howard Shaw.

Referring to the now-compulsory energy efficiency labelling for certain appliances, he told TODAY: “It started out voluntary but the private sector didn’t take it up, and as a result, consumers did not recognise its significance. So we had to take a drastic measure.”

- I fully agree to many of the measures mentioned in the article such as using bicycle as a mode of transport however more can be done to make Singapore truly sustainable in all sectors including energy, transportation, economy, food & water, manufacturing, living condition, peace, mental state of mind.

  1. TransportationTo promote bicycle as a viable alternative transport more can be added to the bicycle safety issue while riding on the road or pedestrian pathway. For example, a bicycle lane to cut through Singapore connected totally with parks dotted with bicycle facilities stations. Bicycle rental & shops, parking, maintenance, pumping station, water cooler, leg massager and many more can be along this “golden” interconnected national bicycle lane.

    In order to make such lane possible the pedestrian pavement must be widen slightly and all obstacle removed that including big trees, make bicycle unfriendly curbs into gentle slopes, road signs and easy to read maps and many more can be seen in East Coast Park can be implemented easily.

    This is a multi-billion dollars project that must be done as soon as possible until vehicles are no longer privately owned and only “critical life sustaining or business or public transport” related vehicles are on the road. This is to ensure we can reach the sustainability target at least by 2012.

  2. Energy
    Energy comes in many forms such as fossil fuels, electricity, human movement, wave movement, geothermal, solar, wind, nuclear and many more exotic but not 100% cost effective or practical. But in the face of the future energy crisis situation, some drastic measures must be identified early as potential source of energy to run the whole country to become sustainable.Singapore is just like the trading hub in the 1985 movie “Mad Max Beyond Thunderdome” that can still function during extreme conditions provided that innovative energy source are identified. For the movie, they had used pigs “poop” to create methane gas to power their generators and provide essential energy. It may look trivial now to even consider “SHIT” as energy source but it may one day be a great alternative.

    Human population in Singapore is increasing and we cannot dismiss the possibility of using human waste as both energy source and fertilizer, but this needs another major project to divert the sewage system to a power plant.

    Solar panel may not be cost effective on HDB for now as the roof areas are simply too small to service the entire flats but we must not totally rule it out it’s uses for non-critical “individual” uses.

    There should be more national window ledge installation services to allow individual to install “some” solar panels safely to prevent any killer litters. Even if the government don’t pay for it, individual who want “self finance” their own solar panels just for LED lights to light their rooms, living room or toilets should be encouraged instead of dismissed. It’s not cost effective but in times of extreme crisis…there may be people who totally cannot afford electricity at all in the future when they for example loses their jobs.

    Now even Goggle, Inc is using solar panels on their roofs in the massive way to provide power for their campus. We cannot dismiss their “free” energy due to high cost now as we cannot determine if the cost of electricity can be as cheap as now. Looking at the electrical tariff of today, we are at the highest since 2001 due to the ever increasing oil prices.

    Looking into the future, we can easily expect even higher electricity prices that may make solar panels more attractive then but it will be TOO LATE as the global demand for it will ensure a EVEN higher price to pay in the future.

    Human movements to push doorways can be another source of energy, the Japanese had tried to experiment with this in their entrance of the train stations and I am not sure of their results. If millions of Singapore population goes through a thousands such “push” doorway each day….a significant combined power will be able to be produced.

    Such power can be utilized to light up the public area used by the train stations, they will be able to switch back to the grid easily when the “free” energy runs below certain level.

    Other renewable energy cannot be dismissed also, looking at the movie “THE MATRIX” we can also conclude human body heat can be sometimes excessive as well. Instead of using air-conditioner at home, we can use a heat absorbing bed that suck all these heat into a main heat to electricity generator.

    Imagine the whole HDB contributing to one generator, it can at least light the public lights for free at night. The cost may seems totally impossible to reach but it’s a good idea when electricity price goes higher in the future.

    There can be exercise stations to be converted into power generators, the idea of using a bicycle generator to power up electrical appliances is clearly shown in Singapore Science Centre that it works.

    If a group of cyclist are paid to cycle at exercise “power generating stations” to charge battery for electric bicycles, there will be new revolution in electric bicycle usage. Jobs & cheap transportation for the poor but able people never look so attractive before.

    There can be more solutions along these extreme lines like magnetic power, gravity…get people to run up a hill and jump on a pulley system to power a generator…etc is for the worst case scenario or for people to joke about their children future.

  3. Food
    In the future of energy crisis, we can be affected easily by the high cost of imported food mainly due to the fact that the cost of agriculture are closely tied to “cheap fossil fuels”. Commercial fertilizers are made from Natural Gas, Pesticides are oil based, huge oil guzzling mega machines are used to plough, seed, harvest and transport the produce to the whole sale market.More oil are used to irrigate the farms, power up their modern farming machines that feed the cows/sheep/chickens automatically. More oil are again used to transport the food thousands of miles across the sea to reach your supermarket, wrap in oil made plastic and preserved in refrigerator that uses electricity. (20% oil, 80% natural gas in Singapore)

    We can be out of “CHEAP” food imports from other countries and soon goes into hyper-inflation if there are zero or negligible LOCALLY produced food.

    I proposed a dozen mega-multistory modern indoor-vertical greenhouse farms to be built across the small island to directly contribute to the food source and combat inflation of food cost.

    The idea is not new but the viability of reflected lights by solar panels and charged batteries to light up indoor hydroponic farms is not impossible. Underground levels can be used to raise animal like chicken, duck and possibly other exotic animals for food.

  4. Water – Hyflux is doing a great favor in this sector to convert our waste water into “New Water”. It’s definitely going to the right direction now.
  5. Peace – comes naturally when the citizens are well fed and able to live comfortably without worries.
  6. Economy -Is economic growth as important as social peace and sustainability? The very idea of sustainability comes in mind of conservation instead of consuming more goods or products. In light of the energy crisis, economic growth no longer plays major part in the country’s direction as it will NEVER be forever growing while the cost of oil goes skywards.We should concentrate on sustainability, conservation, living conditions of the people and curb over-population conditions. We can never be self sustainable if we don’t think in the wrong capitalist direction as we the people in Singapore did not really reuse, recycle, reduce to save COST for themselves but we do that for the “PROFITS” of some recycling companies that does not always clear the recycling bins frequently.

    The brand new direction stated previously for bicycle, energy and food clear a path to better employment future with high paid farmers, cyclist-electric generators and other bicycle related services. These jobs may be more “relaxed” yet rewarding in the near future.

  7. State of mind -The heart and mind of the people now are clearly in the “denial” mode or “The Matrix” mode that don’t even believe a single thing about the coming energy crisis.It will take serious governmental APPROVAL for the local state publication to announce the shocking revelation that the world oil supply is peaking in production and soon goes into inevitable decline. All other forms of ALTERNATIVE energy such as natural gas, nuclear, coal, tar sands, deep sea drilling, oil from unstable states and many more will slowly become more and more expensive due to high demand.

    Natural gas in Indonesia is going into decline as Batam and Jakarta are experiencing multiple power failures. Batam had once threaten to cut off Singapore’s natural gas supply but unable to due to the fact it’s under contract and Indonesia are paid by Singapore at a higher price then Batam.

    The fact that this natural gas decline in Indonesia had affected industries in the region may spell troubles for manufacturing cost and future inflation. Indonesia’s factories had to work during weekends to combat the blackout in the weekdays during “peak hours”.

    Yes, the very idea that the future is bleak will shock many Singaporeans and citizens like never before. It might even crash the whole population “positive” minds and goes into “sustainability mode”. Yes, undesirable panic might be possible like panic hoarding of food and crazy people going depressed and commit suicides…disrupting MRT train services.

    However, I do sincerely hope that the news will be more widespread to let the people KNOW that we will be in serious trouble if we don’t PREPARE for sustainability and like one of my friend told me…recently.

    “Aiyah…it might happen..but what if it only happen in 50 or 100 years later…why should we panic now?”

    Well, emergencies such as a single sudden spike in oil prices due to political tension can easily spark a energy crisis almost instantly collapsing the chain of distribution of goods (imports & exports). This will cause immediate shortages of both food and products, spike in electricity cost and hyper-inflation will occur within a few weeks to a month time.

    One such political tension is IRAN…(no need to explain more…go research in this blog)

Like I had described above, all these are just pure ideas until it’s put into execution. Some may or may not be practical but it may save the people one day. There are more ideas at the back of my mind now but it’s 5.50am now and I can’t think properly.

Good luck and be prepared.

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Oil rises on Iran nuclear concerns

Yahoo!News:

SINGAPORE – Oil prices rebounded Monday in Asia on comments by Iran’s president suggesting a significant increase in the country’s nuclear program, but worries about the faltering U.S. economy and crude demand continued to weigh on futures.

But Iranian President Mahmoud Ahmadinejad’s announcement on Saturday that Iran now possesses 6,000 centrifuges raised concerns about an increase in tensions between Western powers and OPEC’s second-largest producer over its nuclear program.

The higher number, which is double the 3,000 uranium-enriching machines Iran had previously said it was operating, is certain to further rankle the United States and others who fear Tehran is intent on developing weapons.

“The comments by the Iranian president are a reminder that the Iranian situation remains fluid,” said Victor Shum, an energy analyst with consulting firm Purvin & Gertz in Singapore.

In Nigeria, eight foreign oil workers who were kidnapped at gunpoint by six unidentified men in a speed boat on Saturday were released unharmed hours later, according to a Nigerian military spokesman. The abduction highlighted the risks of operating in the African nation, a major supplier to the U.S. Earlier in the week, Nigerian militants threatened to blow up pipelines in the region within a month.

Read the full article at Yahoo!News

- It comes at no surprise that Iran bravely increased their uranium enrichment in face of grave opposition from world leaders namely the United States, Israel, France, Britain…possibly the rest of the United Nation Superpower like China, Russia, Germany…and more.

Now that Iranian are no longer afraid of the United State’s threat, Obama is facing great difficulty now to do a pre-election campaign to specifically solve this Iran standoff. Obama had promised that if elected he would pursue a policy of greater engagement aimed at persuading Tehran to abandon its nuclear enrichment program.

This means more direct negotiation with Iran or? I am not sure what Obama is going to do ultimately all these politics had helped Obama out-shined his competitor(s) two fold.

There are a surge in anti-war demonstration appearing in flickr.com hence the selected photograph above. Make Peace and No War please!

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Libya halts oil shipments to Switzerland

Yahoo!News:

TRIPOLI, Libya – Libya has halted all of its oil deliveries to Switzerland and barred Swiss ships from its ports to protest the arrest of Moammar Gadhafi’s son in Geneva, a state-run shipping company said Thursday.

Libya’s General National Maritime Transportation Company stopped oil shipments to Switzerland on Wednesday, said the head of the company, Ali Bilhajj Ahmed. The company says it is the only Libyan-based firm supplying oil to Switzerland.

Libya supplies more than 50 percent of Switzerland’s crude imports, which totaled some 2.5 million tons in 2007, according to the latest available Swiss government figures. Nonetheless, the Swiss Petroleum Association said the country could cope with any cutoff and arrange to buy the oil elsewhere.

The oil freeze was Libya’s latest action in response to the arrest last week of Hannibal Gadhafi and his wife. Police arrested them on July 15 at a luxury hotel in Geneva for allegedly beating two of their servants, according to their lawyer. They were released on bail two days later and left the country.

Libya has recalled some of its diplomats from Switzerland, suspended the issuing of visas for Swiss citizens, reduced the number of flights to Switzerland and has detained two Swiss nationals on various charges, the Swiss Foreign Ministry said Wednesday.

Switzerland, in turn, warned its citizens not to travel to Libya.

Ahmed, of the Libyan shipping firm, would not provide a figure on the amount of oil involved, but he said the cutoff was appropriate, calling it the “least we should do.”

The Swiss Foreign Ministry and the Swiss branch of Libya’s state-owned oil company Tamoil declined to comment Thursday on the oil cutoff.

Read the full article at Yahoo!News

- Honestly, Switzerland can always buy slightly more costly oil indirectly from Libya since oil is a openly traded commodities hence it can be sold to other countries and resold back to Switzerland hence nothing to worry about. However, if other countries themselves are in dire need of more crude oil then…there will be a serious implication.

Such events may sparks off some kind of conflicts in the region…hopefully it will not.

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Diesel shortage worsens for farmers

Saudi Gazette:

BURAIDAH – Rural areas of the Kingdom are facing an increasing problem of diesel shortage which is threatening their ability to produce and irrigate crops properly.

The problem originally confined to the Taif region has now spread to Al-Jouf and Hail regions.
Saleh Al-Shayea Al-Krei’, owner of an agricultural project in Al-Jouf, said the filling station in Al-Jouf is unable to supply diesel distributors with sufficient quantities, as it has decreased the quantities granted to farmers by 60%.

Chairman of the Agricultural Committee in Al-Jouf Region Chamber of Commerce and Industry, Ghali Mubarak Al-Fehaiqi, said an emergency meeting would be held this week to discuss the increasing fuel shortages with farmers and to suggest solutions.

Assistant Director General of Agricultural Affairs for the Al-Jouf region, Khamees Anan Al-Daghmani said farmers are suffering because of fuel scarcity in the region.

He said a continued fuel shortage could cause massive agricultural losses to farmers if they are unable to pump water using diesel pumps or transport their produce.

Close to 32,000 hectares of land is at risk.

- Wait a minute! Is this Saudi Arabia we talking about? Why is there a diesel shortages? Isn’t Saudi one of the biggest crude oil producer in the world? I sense a shiver just went down my cold spine…My own speculation will be the refinery bottle-neck somewhere as demand grows too quickly to be able to refine crude oil to diesel for their own domestic consumption.

Other scary speculation is Saudi may be exporting more then they can afford to based on their “contracts” and “Committed” amount during the OPEC meeting…inevitably causing shortages in their own kingdom.

Another guess is once the peak oil production of all the aging oil fields had been reached…there are no way to increase the production fast enough to meet local demand.

Either way, this news may just be the tip of the iceberg for a major story in the energy world.

See Also:

  1. India: Diesel shortage due to increase in demand
  2. Major power shortage foreseen in China
  3. New Zealand faces Power Crisis!
  4. Power crisis starts hitting Batam; fear investors may move offshore

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India: Diesel shortage due to increase in demand

Business Standard:

Public sector oil companies today attributed the diesel shortage in the city to the “abnormal increase in demand”, further compounded by the power cuts imposed in the past one week.

Despite anticipating a growth of about 12 to 15 per cent over the previous year’s sale in the corresponding period, the sale of diesel during the current month has gone up to 30 per cent in the entire state, and 32 per cent for Bangalore in particular, said B Ashok, Indian Oil, Karnatka General Manager and State Level Coordinator for oil industry, in a statement.

Read the full article at Business Standard:

- India is currently suffering from diesel & power shortages which will have immediate impact on the country’s economy. The demand for more oil and energy will be enormous in the coming future when the world goes into oil depletion “state”. It’s time to think alternative energy and sustainability asap otherwise there are not going back to the modern times supported by cheap oil.

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Power crisis hits Indian states

BBC News:

Authorities in the western Indian state of Maharashtra have announced tough measures to deal with a power crisis.

The state’s 250,000 industries will now get power only five days a week and malls and government offices have been told to reduce energy consumption.

Scanty rains, growing demand for power and lack of new power plants has led to shortages in others parts of India too.

The southern states of Andhra Pradesh and Karnataka are also reeling under severe power shortage.

In the last few days the two states have also announced a slew of measures to curb their energy use.

Read more at BBC News:

- There had been several countries that are experiencing power crisis and are suffering because of rolling black outs and affected production of their industry sector. If your location is affected by rolling black out, do be prepared for it.

If possible email me your experiences and I might feature it if chosen ^_^.

See also:

  1. Indonesia orders weekend factory work due to blackouts: report
  2. Power crisis starts hitting Batam; fear investors may move offshore
  3. Asian governments forced to act as oil prices soar
  4. Batam threatens to block Indonesian natural gas supply to Singapore – Alert
  5. Japan Faces Indonesian Gas Cuts
  6. Indonesia to cut LNG supply to 6 million tons after 2010
  7. Betting billions on liquefied natural gas
  8. Indonesian firms to build LNG terminal (and why Singapore should go nuclear)
  9. Indonesia’s LNG supremacy wanes as Chevron’s fields run short
  10. Energy: Indonesia, Singapore and Malaysia plan power grid
  11. New Zealand faces Power Crisis!
  12. Pakistan battles power shortages

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Iran says oil could reach $500 on dollar and politics

Yahoo!News:

TEHRAN (Reuters) – Iran’s OPEC governor said world oil prices could reach as high as $500 (251 pounds) per barrel in a few years’ time if the dollar falls further and political tension worsens, an Iranian weekly said.

“If the dollar’s value continues to decrease and if the political crisis becomes worse, the oil price would reach up to $500,” Mohammad Ali Khatibi told Shahrvand-e Emrooz in an interview published on Saturday.

He was asked about predictions that oil prices could reach up to $200 per barrel in the next two or three years.

Oil dropped $2 to a fresh seven-week low on Friday, extending a decline that has knocked more than $24 off crude in two weeks as high fuel prices continue to batter demand.

Crude prices reached an all-time peak of $147 earlier this month.

Khatibi also said oil exports from the whole Middle East region would be at risk if the Islamic state came under any military attack over its disputed nuclear programme.

If there is another war in the region, it will not only be Iran’s oil not reaching the market, but rather the oil of the whole region would be cut from the market,” Khatibi said.

“In that case, we will not have a price rise. We will have a price explosion.”

- This is what the Iranian is betting on, a threat so great that will prevent any military attack on Iran. If there is a WAR in the region…the Crude Oil price will explode towards US$500 (in a few years)…which will be devastating to the world economies.

This is the fear in everyone’s mind…

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Singapore: Petrol thefts up by 50% in first six months

AsiaOne News: Petrol thefts from motorcycles and vehicles have shot up by 50 per cent in the first six months of this year.

Between January and June, 41 such thefts were reported – 37 from motorcycles and four from cars.

They occurred mainly in Woodlands, Jurong West and Bukit Panjang estates, in both open and covered car parks.

For the whole last year, there were 27 cases, eight of which had been solved.

Deputy Prime Minister and Minister for Home Affairs Wong Kan Seng, who gave these figures in a written reply to a question from an MP in Parliament on Monday, said the number of petrol thefts so far is very small, considering there are about 145,000 motorcycles and scooters and about 725,000 cars and other vehicles in Singapore.

He urged owners to take responsibility to ensure that their vehicles are properly secured.

On preventive measures, he said the police have alerted residents and vehicle owners in the affected areas through the local grassroots and worked with relevant agencies and grassroots organisations.

In addition, the police have collaborated with Town Councils since June 2006 to equip public car parks with mobile CCTV cameras.

- The world now suddenly grip in a wave of petrol theft and soon cars should have a bomb strapped to the fuel tank so that anyone who touches it will activate the bomb and blown to kingdom-come just like in the movie “Mad Max”.

See Also:

  1. Hints of “Mad Max” Syndrome Appearing In Singapore?
  2. Oil Cost Sparks “Mad Max” Style Violence in Cameroon
  3. Pig manure sweet money for Thai farmer

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