Archive for the ‘gas’ Category

Gregg Goes From Bipartisan Symbol to Top Obama Critic

March 28, 2009

Sen. Judd Gregg, who was President Obama’s commerce secretary nominee until withdrawing his name from consideration, has emerged as the toughest critic of the president’s handling of the economy and has helped galvanize Republican opposition to Obama’s policies.

Fox News
At first, the relationship between President Obama and Sen. Judd Gregg looked like love at first sight, proof that opposites do attract.

Obama is a 47-year-old left-leaning Democrat who believes in the power of government to solve people’s problems. Gregg is a 61-year-old New Hampshire Republican who advocated limited government and made millions through business investments.

Their unlikely partnership seemed destined to transcend partisan lines and symbolize the change that Obama promised to bring to Washington.

But Gregg, who was Obama’s commerce secretary nominee until withdrawing his name from consideration, has emerged as the toughest critic of the president’s handling of the economy and has helped galvanize Republican opposition to Obama’s policies.

He warned on Monday that Obama’s $3.6 trillion budget proposal will lead to unsustainable debt levels and send the country on a fiscal path resembling that of a “banana republic.”

Gregg kept up his attacks on Obama’s budget request Saturday in the weekly Republican radio address, saying the path to prosperity is not the excessive spending proposed by the president but limited spending that holds down the growth of government, taxes and debt.

The senator said Obama’s proposals “represent an extraordinary move of our government to the left.”

He said Obama “is not trying to hide this; in fact, he is very forthright in stating that he believes that by greatly expanding the spending, the taxing and the borrowing of our government, this will lead us to prosperity.”

Like most relationships, this one began with mutual admiration, respect and trust, with flowery compliments flowing between each other.

At their first public appearance together a week-and-a-half before Valentine’s Day, Obama called Gregg “a master of reaching across the aisle to get things done. He will be an astounding addition, a trusted voice in my Cabinet and an able and competent ambassador … I can think of no finer steward for our nation’s commerce.”

In turn, Gregg praised Obama’s economic stimulus proposal to stabilize the economic slide and pull the country out of recession as an “extraordinarily bold, aggressive, effective and comprehensive plan.”

Read the rest:
http://www.foxnews.com/politics/first100d
ays/2009/03/28/gregg-goes-bipartisan-sy
mbol-obama-critic/

In his radio address Saturday, Gregg countered each of Obama’s policy principles:

— “It is the individual American who creates prosperity and good jobs, not the government.”

— “We believe that you create energy independence not by sticking Americans with a brand new national sales tax on everyone’s electric bill, but by expanding the production of American energy … while also conserving more.”

–“We also believe you improve everyone’s health care not by nationalizing the health care system and putting the government between you and your doctor, but by assuring that every American has access to quality health insurance and choices in health care.”

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Leave The Lights On: There’s Work To Do That Is Worth Doing, Even If We’re Tired

March 28, 2009

I am tired of meaningless, symbolic acts and endless political promises and blather and lack of taking responsibility in the year of the Oh-Bombastic.

I am tired of Barney Frank and Tim Geithner…..

And I am tired of just refusing to do the hard work to figure out how we could make America better.

This presidency has become “The Obama Show.”  When does he work and stop talking?

We’ll leave the lights on for THAT, Barack…..

If we work, and leave the lights on, and read and think we mights have some better ideas.

I fear Barack is talking to people with no lights on….

Here are a few more reasons to leave the lights on:

–To figure out how to handle global warming without ending productivity and growth in the USA….or anywhere else…
 U.N. ‘Climate Change’ Plan Would Likely Shift Trillions to Form New World Economy

This is a developing essay and not yet finished…..

–To figure out how to have health care reform without having health care rationing….
How Health Care Reform Can Kill Good Medicine

Natasha Richardson’s Story Saves Girl’s Life

–To figure out how to focus upon students and learning and not just teachers and money….

–To figure out, as we just passed the 30th anniversary of Three Mile Island, how to get past our fears of nuclear power (as the French have) and light up our world forever….We are not in the Jane Fonda world of the China Syndrome: just ask the U.S. Navy or any nation with nuclear power….

–To figure out when we’ll drill in the Arctic Reserve….safely… I mean we went to the moon and I am expected to believe Obama’s “Big Oil” lie that we can’t get money and oil out of Alaska without killing the planet?

–To figure out how to get the Republicans in America to wake the f &*^%$# up…….

–To teach the Congress why a 90% tax on anyone is a bad idea…..

Do we want to revive our economy, or do we want to punish the bankers?

As Joe Biden says, “Are you f ^%$#*& ing kidding me?”

I am tired of capers like the stimulus: my money gone and congress didn’t have time to read the bill and the president said it was a really super-duper crisis like all his others…. so we have NO HOPE of getting it right…. like Afgahanistan and now we have adopted Pakistan too?  I thought this was the anti-war president?

Obama Stimulus Job Numbers for Massachusetts “Manufactured in Washington DC”

I’m tired of class warfare….

Class Warfare? Obama Tears Down Rich Instead of Inspiring Others To Get Rich

I am tired of looking at my children and grandchildren while I know I am living a lie because they will have to pay off the debt someday….and my house is paid for…I’m talking about the Obamadebt….
The Democratic Congress’s Cover-Up; Our Biggest Danger

I’m tired of fakes who lip synch and are praised as entertainers…. and for giving a complete show….

Britney Spears delivers a complete show

Michelle Malkin:
http://michellemalkin.com/2009/0
3/28/leave-the-lights-on-celebrat
e-human-achievement-hour/


At the top of the U.S. government we have this guy, Obama, Nancy Pelosi and Joe Biden.  Really?

Drama on China’s high seas casts U.S. as adversary

March 24, 2009

China’s flash of maritime muscle against a U.S. Navy ship this month has put its neighbors and America on watch against a bolder push to exert sovereignty in regional waters.

After a decade of increases in defense spending that averaged 16 percent a year, China has the military means to enforce claims in the energy-rich and trade-heavy South and East China Seas — and to challenge U.S. activities there, as it did March 8 when five Chinese vessels confronted the U.S.N.S. Impeccable.

By Dune Lawrence
Bloomberg

“China is looking to expand” its sphere of influence toward Guam and to the Philippines, says Tai Ming Cheung, a senior fellow at the University of California Institute on Global Conflict and Cooperation in La Jolla, California. “The maritime arena is one of the most fluid and strategic for China in terms of how it’s going to defend and expand and protect its interests internationally.”

China’s move reflects its increasing international political and economic clout, which may lend it confidence in challenging the United States — and complicate America’s response. President Barack Obama needs China’s support in dealing with North Korea’s and Iran’s nuclear programs, not to mention its financial help in the form of continued purchases of U.S. government debt to support stimulus plans.

“There are much bigger factors at play, notably the need to keep China on board in cooperating in resolving the financial and economic crisis,” says Tim Huxley, executive director in Asia for the London-based International Institute for Strategic Studies.
Just eight weeks after Mr. Obama’s inauguration, the Chinese boats crowded “dangerously” close to the American surveillance ship and demanded that it leave waters about 120 kilometers, or 75 miles, south of Hainan Island, China’s southernmost province, according to the U.S. Department of Defense, which sent a warship escort.

China said the United States broke international law by spying close to its shores. The United States said its activities were allowed under the U.N. Convention on the Law of the Sea.

For Shane Osborn, the dispute seemed all too familiar. Osborn piloted a U.S. Navy surveillance plane that collided with a Chinese fighter jet over the same area in April 2001 — just weeks after the start of George W. Bush’s first term as president. The Chinese pilot died. Mr. Osborn made an emergency landing on Hainan, a beach resort and military base, where the Chinese detained him and his crew for 11 days on the ground that they had entered China’s airspace without permission.

The Impeccable’s encounter “was a little bit like déjà vu,” says Mr. Osborn, 34, now state treasurer of Nebraska. While tension died down soon after the 2001 incident, Mr. Osborn says he is concerned that will not happen this time, and he is quick to point out how China’s military has changed in the past eight years.

“They’ve made large investments in upgrading their equipment, and it’s starting to show now,” he says. “They were just at the beginning of it” then.

Read the rest:
http://www.iht.com/articles/20
09/03/24/asia/letter.php

My Hope Doesn’t Allow Me To Swallow Obama The Way the Media Has…

March 16, 2009

There is just too much on the plate here to swallow.

As Andrew Malcolm wrote in the L.A. Times today:

Listen for more such positive tweaks in coming days. It’s bad. But we’re strong. If we can go to the moon, we can automate all medical records and cover everyone with health insurance and reform the country’s education system and stop foreclosures and expand the war in Afghanistan and create a federal deficit with more zeroes than most civilian calculators contain and then cut the deficit in half by giving 95% of Americans tax cuts and sticking it to a few rich people. And the only thing we have to fear is fear itself.

That and, perhaps, China calling in all its loans at once.

Oh, and cure cancer, solve global warming (if it is the disaster Al Gore claims) and rid ourselves of oil, gas and coal.

Frankly, my dear, I do give a damn.

And I give a damn about working on jobs, banks and the economy first: without fixing the “cisis” we cannot afford to fix the rest of the country and the world…..

And the swallow Obama media can’t be too smart: many of the newspapers that got behind Obama early and without criticism are now going out of business.  Even consevative talk radio guys that haven’t had the impact of the “Obama boost” inthe form of Rahm Emanuael’s orchestrated attacks, like Rush Limbaugh, are failing.

So here is the recipe for future success:

Mitch McConnell and other Republicans need to fight the Obama plan, slow down all non essential legislation, and get people to listen.

Then need to set down principles the way Newt did in the “Contract with America” and they need to stick to them the way Ron Silver did even when Hollywood wouldn’t hire him.

It’s the economy, stupid.

Principles, sticking to principles and getting the word out will work.  It worked before.

Republicans: If You Can’t Agree On Core Values Now, Commit Harakiri

March 13, 2009

Arch liberal Bush hater Dennis Kucinich (D-Ohio) was on the conservative Fox News Channel today to say, “Our country is being looted.”

If he can get this: so can all Republicans.

This is time for Republicans to stand united or die trying.  And for some that are on the fence like Maine’s Snowe and Collins and Arlen Specter of the Keystone state: we say adieu or seppuku.

Health care?  Good luck: but try to stand united.

Schools should be federalized and the White House is writing the legislation?  No brainer.

Spending at the rate of $1 billion an hour?  Unsustainable generational theft.  Even China is worried.

Energy: are you with Al Gore or against him?

Foreign policy?  Do you believe Iran, China, North Korea and the Taliban will play nice?

Terrorism: a word Obama has removed from the lexicon, is still maybe a threat?  What say you.

Corruption: Republicans want an end of corruption and total truth and honesty in government.  Right?

Time to ressurect the Newt style contract with what’s remaining of America before it is too late guys and gals….

****************

Daniel Flynn writes in today’s American Spectator, “If fiscal restraint, individual responsibility, the protection of human life, support for the 2nd Amendment and a robust military, and an abiding believe in American exceptionalism, are unpalatable to the likes of Frum, the left will certainly welcome him as the latest intellectual quisling, and exploit him for their own political designs.”

http://spectator.org/archives/200
9/03/13/frum-right-to-wrong

**************************

Related:

 China’s Economic Might, Arrogance Should Cause Caution in the West

Japan Ready To Shoot Down North Korean Missile

Obama’s Poll Numbers Are Falling to Earth

 Obama’s Schools Will Have To Follow Federal Rules, Like Socialist, Communist Schools

Obama’s mythical mystique of government and science and their inherent moral benevolence

Culture of Corruption: Many Americans Losing Trust in Government?

Card Check, Earmarks, Nancy’s Air Travel Cloud Giant That Could Eat Obama, Ruin America: The Economy

March 12, 2009

Stupid games like card check are not good for the economy: so why are we playing them now?
.
Time to end stupid games and business as usual.  It’s the economy, stupid.

Pork?  Slash it.  Nancy’s aircraft: wanton waste of taxpayer money.  Don’t let them eat cake: fly commercial, bitch!


Dumb and Dumber: I’m starting to think this is Obama and Geithner

“It is time for President Obama to focus his considerable leadership and communication skills on the financial crisis – to speak candidly with the people about the magnitude of the problem, to embrace a solution commensurate with the problem, and to do whatever it takes to persuade Congress and the people to accept it,” wrote William Galston, a former senior adviser to President Clinton, in The New Republic.

Barack Obama should forget about spending billions of dollars on education and everything else and read a little recent history.  Recent economic, political and world history.

Money is power.  It’s the economy, stupid.

That phrase, coined by James Carville, got Bill Clinton into the White House.

The “we can have it all” thought process of Barack Obama might not get us what we want.  Be careful what you wish for.

I’ll join the team of Warren Buffett who suggests that the president needs to go to war to save the economy and deal with health care, education, climate change, energy and the rest later.

Just today, Thursday, March 12, 2009:

—The number of initial claims for jobless benefits rose last week, while the total number of people continuing to receive benefits set a record high, the government said Thursday.

— Foreclosure filings in the U.S. climbed 30 percent in February from a year earlier as the worsening economy thwarted efforts by the government and lenders to prevent homeowners from losing property.

—The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.The Federal Reserve said Thursday that household net worth dropped by a record 9 percent from the level in the third quarter.

Some economists say the unemployment rate could reach 10 percent by the end of this year, from its current level of 8.1 percent.

And our unemployment measures don’t see relatively highly skilled and highly paid workers now cleaning toilets….

The stock market may be up today but we all know it is down hugely since last fall.

Except on education the president should read a little history.  LBJ tried to do it all while the economy was shakey and he lost everything. 

The casino Barack Obama is spending our money in is the world and China, which holds much of the U.S. debt, and China could break his legs…..

But before China bearks Obama’s legs something else happens: because China sees an economically weak America and a President it perceives as weak, America and Obama will be tested.  Again and again.

And not just by China.

Related:
China Making It Clear: Won’t Roll Over, Do Tricks for Barack, Hillary
.
 Barack, Hillary: Moronic “Reset” Idea for Relations With Russia

Buffett: Obama not at war; has toxic message machine on economy

53% Say It’s Likely the U.S. Will Enter a Depression

Obama Reelection Effort Begins

Obama: Playing not to lose

See:
http://news.yahoo.com/s/ap/2
0090312/ap_on_bi_ge/economy

http://www.bloomberg.com/ap
ps/news?pid=20601206&sid=a
qtJdtiZTJtk

http://michellemalkin.com/2009
/03/12/threat-of-card-check-legi
slation-sends-wal-mart-stock-down/

China Buying Oil, Uranium, Gold, Other Products At Bargain Prices

March 12, 2009

China is forging ahead with an overseas spending splurge, snapping up resources especially oil at bargain prices and strengthening its long-term prospects for growth before Western economies can bounce back.

A series of high-profile energy deals and mining bids in the past month marked an end to the nervousness that appeared to impinge on Communist Party leaders at the outset of the global financial crisis. Attention has turned from hoarding foreign exchange reserves worth close to $2 trillion to locking up future supplies. Oil has emerged at the top of China’s shopping list.

By Chris O’Brien
The Washington Times

In February, China secured oil supply deals totaling $41 billion with Russia, Brazil and Venezuela.

Among the most lucrative: an agreement reached with Russia, in which China will lend $25 billion to Russian oil giant Rosneft and oil pipeline company Transneft. In return, according to Russian news reports, China will receive 300,000 barrels of crude a day for the next 20 years at a rate of about $20 a barrel less than half the current price of $45.

While touring Latin America, Vice President Xi Jinping signed a deal to lend $10 billion to Brazil’s state-owned oil company Petrobras. China will receive up to 160,000 barrels a day, again over a 20-year period.

People sharing a scooter ride past oil rigs in Cangzhou on in northern China's Hebei Province, near Bohai Bay, the innermost gulf of the Yellow Sea on the coast of northeast China, where PetroChina and the China National Offshore Oil Corporation (CNOOC) drill for oil. AFP photo

People sharing a scooter ride past oil rigs in Cangzhou on in northern China’s Hebei Province, near Bohai Bay

A subsequent announcement from China’s National Energy Administration further clarified Beijing’s intentions. China is considering setting up a fund for China’s three state-owned energy giants PetroChina, Sinopec and the China National Offshore Oil Corp. (CNOOC) to purchase oil and gas companies overseas. The firms will benefit from low-interest loans and direct capital injections, the announcement said.

The oil deals complement efforts to buy into the Australian mining industry. China’s biggest aluminum producer, Chinalco, has submitted a bid of $19.5 billion to buy an 18 percent stake in beleaguered mining company Rio Tinto. Chinese firm Minmetals has offered $1.7 billion for Oz Minerals.

China also is seeking diversification of its foreign exchange reserves, now heavily in dollars. The head of China’s energy bureau, Zhang Guobao, said earlier this week that China should accumulate more gold and uranium as well as other strategic commodities.

Read the rest:
http://www.washingtontimes.com/new
s/2009/mar/12/china-stocks-up-on-
bargain-oil/

Related:
Russia, “Desperate For Cash,” Sells Oil to China In “Very Bad Deal”

Pelosi’s Stimulus II? Lawmakers Propose No Cost, High Employment Energy Package

March 12, 2009

Economists, politicians, and the public alike are questioning the viability of the massive $787 billion stimulus signed into law. In response, Congressman Rob Bishop (R–UT) and Senator David Vitter (R–LA) recently introduced legislation that would create an estimated 2 million jobs, increase gross domestic product $10 trillion over the next 30 years, and lower energy costs—all without a huge expense to the taxpayer.

The No Cost Stimulus Act of 2009 would do this by expanding domestic energy supply and streamlining burdensome, unnecessary environmental review processes that have placed a stranglehold on access to reliable U.S. energy sources for decades.

Read the rest:
http://www.heritage.org/Research/
EnergyandEnvironment/wm2336.cfm

Why the No Cost Stimulus Act ?

Nancy Pelosi is already saying the nation will need another stimulus bill before we get out of this recession….

The $787 billion economic-stimulus plan was followed by today’s omnibus for $410 billion….

The interest payment on the debt from the stimulus and the omnibus will be about $500 billion…..And has anyone seen the economy start to rev up?
Obama Spending $1 Billion an Hour of Borrowed Money in First 50 Days
.
What are others doing?  Russia has energy but no jobs.  China has money but needs energy….
Russia, “Desperate For Cash,” Sells Oil to China In “Very Bad Deal”
.
Related:
President may Ask For “Global Bailout”
Obama, Geithner: recession requires global action 

Even Democrats Showing Signs Of Economic Despair, Worry at White House Inertia

Pelosi: Congress Needs to ‘Keep the Door Open’ to Second Stimulus Package

Speaker Nancy Pelosi, D-Calif. is kissed on the cheek by one ...

Pelosi

Philippines Enacts Law Claiming Islands also Claimed by China, Others

March 11, 2009

The Philippine president has signed a law affirming sovereignty over islands also claimed by China and Vietnam, an official said Wednesday, sparking protests over the control of strategic South China Sea islands.

Associated Press

The legislation, signed Tuesday by President Gloria Macapagal Arroyo, reaffirms Philippine sovereignty over the more than 7,100 islands in its archipelago, Executive Secretary Eduardo Ermita said. It also claims outlying islands in the Spratly chain and Scarborough Shoal – two regions in the South China Sea.

China claims sovereignty over both chains. Vietnam and others have long laid claim to the Spratlys.

“We are sending the message to the whole world that we are affirming our national sovereignty … our national interest,” Ermita told a news conference.

The Chinese Embassy issued a statement expressing its “strong opposition and solemn protest” over the signing of the law, and insisted China “has indisputable sovereignty over these islands and their adjacent waters.”

Earlier, China’s Foreign Ministry summoned a Philippine Embassy official to protest the passage of the bill in the Philippine Congress.

Vietnam also urged the Philippines to refrain from taking action that might complicate the dispute.

Foreign Affairs official Henry Bensurto said the Philippines passed the law not to reiterate its claims over the Spratlys and Scarborough Shoal but to define the baseline used to determine its extended continental shelf.

The U.N. has asked the Philippines and other countries that signed the U.N. Convention on the Law of the Sea to submit the dimensions of their claimed continental shelf by May 13. The convention, which came into force in 1994, defines the maritime limits of its signatories.

The Spratlys, believed to be rich in oil, gas and fish, consist of about 100 barren islets, reefs and atolls dotting the world’s busiest shipping lanes in the South China Sea.

Vietnam, China, Taiwan, the Philippines, Malaysia and Brunei each claim all or part of the low-lying islands.

Read the rest:
http://apnews.myway.com/article
/20090311/D96RQ50G0.html

Russia, “Desperate For Cash,” Sells Oil to China In “Very Bad Deal”

March 8, 2009

“Russia, just a few months ago a very oil rich nation, just made a very bad deal to raise $25 billion in cash from China by giving them oil for 10 years.  It is a very bad deal and shows how bad the world economy has become.”

That according to Newt Gingrich on NBC’s “Meet the Press” Sunday March 8.

**************

From the People’s Daily

China will further promote cooperation and exchanges with Russia this year as the two countries embrace the 60th anniversary of their establishment of diplomatic ties, said China’s Foreign Minister Yang Jiechi here Saturday.

China will fully carry out practical cooperation with Russia in various fields, including energy and science and technology, he told a press conference on the sidelines of an annual parliament session.

The two sides’ recent agreement on the construction of a crude oil pipeline project, a long-term crude oil trading deal and a financing scheme was a “mutually beneficial and win-win result”, said Yang.

The agreement signed in February allowed China to lend 25 billion U.S. dollars to Russia in an exchange for a 20-year oil supply starting from 2011 with a total volume of 300 million tons.

“China and Russia have come a long way in the past 13 years since the Sino-Russian Strategic Partnership of Cooperation was established,” said Yang. “A lot of achievements have been made in recent years particularly.”

He urged the two countries, both major countries and permanent members of the United Nations Security Council, to join hands to promote world multi-polarity and greater democracy in international order.

Gas flares off under heavy snowfall at a liquefied natural gas ... 
Gas flares off under heavy snowfall at a liquefied natural gas (LNG) plant on Sakhalin island outside the town Korsakovi Russia.(AFP/File/Natalia Kolesnikova)

“We should make greater contribution to promoting world peace, stability and development,” said Yang.

He also pledged to enhance high-level exchanges and mutual visits between the two countries and boost people-to-people interaction through such activities as the Year of the Russian Language in China that falls this year.

Source:Xinhua

Related:

Recession on track to be longest in postwar period

 Russia Reclaiming Raw Materials Like Oil, Coal

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The Next Big War Will Be Over Commodities

By John E. Carey
2008

Last Month President Bush went to Saudi Arabia to ask his friends there to increase oil production. The White House believed that by increasing supply, the price of gasoline per gallon at your friendly service station would drop. The president was rebuffed.

This month the United States urged upon the other large users of oil in the world community to join the “produce more” bandwagon.”

China, Japan, India and South Korea went along with the U.S. plan.

Cabinet ministers from the five countries, which account for more than half the world’s consumption of energy, agreed that the sharp surge in oil prices was a menace to the world economy, and that more petroleum should be produced to meet rising demand.

The five consumer countries, meeting in Japan before an energy conference of the Group of Eight industrialized nations plus Russia on June 8, 2008, argued that the unprecedented prices were against the interests of both producers and consumers, and imposed a “heavy burden” on developing countries.

The Organization of Petroleum Exporting Countries current president, Chakib Khelil, said that the cartel will make no new decision on production levels until OPEC’s September 9, 2008 meeting in Vienna.

So in just a few weeks time, we witnessed the President of the United States pleading for more production and the senior energy ministers from the U.S., China, India, Japan and South Korea joining in a chorus.

We at Peace and Freedom believe that when the engine of the free market jumps the tracks and supply and demand are ignored; one had better get ready for bad blood.

Then we have food. In the Philippines the people took to the streets demanding more rice. In Egypt, the people took to the streets demanding more bread. And some bad blood developed between Thailand, the world’s leading rice exporter, and Vietnam, perhaps the second most important rice exporter.

It seems the Vietnamese had underbid the Thais on contracts to export rice. The Vietnamese saw this as good business. The Thais viewed it as theft. Never mind that Thai rice is of higher quality and thus cists more.

China recently announced that it had “overbuilt” its industry and removed too much farmland from production. China now is instituting new regulations to preserve farmland and it is mapping a strategy to import more food.

Ethanol and other bio fuels seemed like a great idea to help add to U.S. oil stocks. But when all that corn disappeared into your fuel tank, the price of all corn went up. And corn not only feeds people but it is a huge source of livestock feed. So the price of pork and beef and all that other livestock that makes its way to the dinner table went up.

And food and fuels have never been in such demand. Never mind the huge increases in global population; with the combined populations of India and China eight times that of the U.S.

The world, believe it or not, is becoming more “middle class.” That means more people want gas burning cars which suck up a lot of fuel and add to global pollution. These new “middle class” folks also want a higher protein diet.

If one eats rice or corn or other grains the costs are somewhat manageable. But it takes four times more grain (and sometimes as much as six times) to put meat on pork or cattle before human beings eat that meat. So the high protein diet has a huge cost. It sucks up a lot more grain that human grain eaters ever would and it means the eaters need more dollars, rupees euros, yen or other denominations to buy every meal.

Bacon and eggs are more expensive, say, than the traditional rice bowl.

Finally, all these goodies, usually called commodities, are moving around the globe.

The Associated Press had an excellent article by Gavin Rabinowitz out on June 7.

India, China jostle for influence in Indian Ocean

 

Mr. Rabinowitz pointed out that looking south from Sri Lanka “just over the horizon runs one of the world’s great trade arteries, the shipping lanes where thousands of vessels carry oil from the Middle East and raw materials to Asia, returning with television sets, toys and sneakers for European consumers.”

That shipping lane is a possible flashpoint between India and China. Add in Japan, which gets just about all of its oil by that sea lane. And don’t forget the U.S. and the U.S. Navy. Those boys don’t want to see that sea lane interrupted by war, terrorism, piracy or any other form of bad blood.

So the bottom line, from our small window of the world is this: The next big war could well be over “commodities.”

We’ve used food and oil here as the most obvious examples of commodities worth fighting for. But it could be over uranium, tin, gold or who knows what. Even fresh water.

California is already starting to limit development due to water shortages. Australia is in the midst of a multi-year drought which has crippled Aussie grain production. And over use of fertilizers and pesticides in China and Vietnam have poisoned much of the ground water.

The next big war could well be over commodities.

Welcome to the new millennium.

Related:
China’s thirst for copper could hold key to Afghanistan’s future

Philippines Enacts Law Claiming Islands also Claimed by China, Others