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Martin Griffith Martin Griffith is offline
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Default Oil prices climb to $101.11 a barrel...

On Wed, 27 Feb 2008 13:08:58 -0800 (PST), in sci.electronics.design
James Arthur wrote:

On Feb 27, 12:27 pm, Martin Griffith wrote:
On Wed, 27 Feb 2008 18:35:22 +0100, in sci.electronics.design
"Frithiof Andreas Jensen"



wrote:

"Jim Thompson" skrev i en
...


http://www.marke****ch.com/news/stor...7B40D68525%2DB...


Feb. 26, 2008


.................................................. ................................................


As the broader market began to regain lost ground, crude prices for
April delivery gained 2.3% to a new high of $101.11 a barrel on the
New York Mercantile Exchange, surpassing crude's last record of
$100.65 hit last week.


...Jim Thompson


What people *should* be watching is the price of Wheat, Soy Beans e.t.c.
because that is where trouble will come from. In the middle east, India and
Pakistan people are going from being middle class to having to choose
between heating and eating! China has enacted price controls - *ensuring* a
shortage (maybe they will shoot some farmers to get the point across that it
is well to produce at a loss)


PS:
And welcome to the brand new regime of Ressource limited growth replacing
Finance limited growth. South Africa's mines are running below capacity due
to lack of electricity.


This sort of sums it uphttp://business.timesonline.co.uk/tol/business/industry_sectors/natur...

andhttp://www.latimes.com/news/opinion/la-ed-food26feb26,0,3838970.story


Not fair--Mr. Bush responds wholeheartedly (if ill-advisedly)--with
Congress in tow--to their (Greens in general, and the LA Times in
particular) criticism about not supporting alternative fuels, then
they lambaste him when he does.

That's not helpful. We need less advocacy & more sensible
discussion. But I suppose it's outrage that sells.

Cheers,
James Arthur

I didn't wite them, they are just 2 links that I found while waiting
for the first cup of coffee to boil, this morning. When does the US
wheat harvest start, I think I saw it was about 10 weeks from now?


martin