Security Fears Over Food & Fuel Crisis > NewHeavenNewEarth

HOME

news

community

integral nhne

resources

links

about

DONATE

News Articles Archive


"News, information, and a home on the Net for people all over the world who are seeking to heal the Earth and unravel the fundamental mysteries of life."

Featured Articles

U.S. Government Takes Over Mortgage Giants

UN Says Eat Less Meat To Curb Global Warming

Anne Kilkenny On Sarah Palin

Master Switch Found In Brain That Regulates Appetite & Reproduction

Obama Might Pursue Criminal Charges Against Bush Administration

Zip-It Drain Cleaner (& iPhone Battery Update)

New Study Shows Solar System Is Unique

Study: Our Mates Look Like Mom & Dad

Journalist Amy Goodman Confronts Police Chief Over Her Arrest

Genetic Link To Male Infidelity Discovered

Google's New Web Browser

Greg Palast: Big Easy To Big Empty

Scientists Warn: Technology To Beat Global Warming May Backfire

Ice Age Lesson Predicts A Faster Rise In Sea Level

Perfume 'Risk To Unborn Babies'

Massive Floating Generators To Provide Power & Food To Japan

Dalai Lama Leaves Hospital With A Smile

About Sarah Palin, McCain's Running Mate

Ron Paul Followers Gather For Own Convention

Arctic Becomes An Island As Ice Melts

Obese People Contributing To Global Warming

Methane Gas Oozing Up From Siberian Seabed

Reader Feedback: FDIC-Insured Depositor's Bill Of Rights

Are UFOs Lighting Up The Skies Over Australia's Outback?

38 Million View Obama’s Speech (Includes Video, Transcript Links)

The Era Of The American Internet Is Ending

The Smart Garage

Putin Suggests U.S. Role In Georgia Clash

Johnson's Dream, Obama’s Speech

The Dawn Of 'Visual Computing'

Current Articles

U.S. Government Takes Over Mortgage Giants

UN Says Eat Less Meat To Curb Global Warming

Anne Kilkenny On Sarah Palin

Master Switch Found In Brain That Regulates Appetite & Reproduction

Obama Might Pursue Criminal Charges Against Bush Administration

Zip-It Drain Cleaner (& iPhone Battery Update)

New Study Shows Solar System Is Unique

Study: Our Mates Look Like Mom & Dad

Journalist Amy Goodman Confronts Police Chief Over Her Arrest

Genetic Link To Male Infidelity Discovered

Elephants Show Flair For Arithmetic

Modest Means

Google's New Web Browser

Greg Palast: Big Easy To Big Empty

Scientists Warn: Technology To Beat Global Warming May Backfire

Ice Age Lesson Predicts A Faster Rise In Sea Level

Perfume 'Risk To Unborn Babies'

Massive Floating Generators To Provide Power & Food To Japan

Dalai Lama Leaves Hospital With A Smile

About Sarah Palin, McCain's Running Mate

Ron Paul Followers Gather For Own Convention

Stonehenge 'Was Hidden From Lower Classes'

Arctic Becomes An Island As Ice Melts

Obese People Contributing To Global Warming

Methane Gas Oozing Up From Siberian Seabed

Reader Feedback: FDIC-Insured Depositor's Bill Of Rights

Are UFOs Lighting Up The Skies Over Australia's Outback?

38 Million View Obama’s Speech (Includes Video, Transcript Links)

The Era Of The American Internet Is Ending

The Smart Garage

Putin Suggests U.S. Role In Georgia Clash

Johnson's Dream, Obama’s Speech

The Dawn Of 'Visual Computing'

The World's Top 10 Endangered Languages

FDIC-Insured Depositor's Bill Of Rights

UFO: The Area 51 Mailbox

Gulp, NHNE Is Down To 55 Monthly Subscribers!

The Intention Experiment

Dead Sea Scrolls To Go Online

Priest Cancels Nun Beauty Contest

'Basic Instinct' Author Writes Book About Faith

Human Exoskeleton Suit Helps Paralyzed People Walk

Bartering Sex For Stuff Or Services

The Scripture Project

Monkeys Experience Joy Of Giving

Oldest Elders Surprisingly Spry

Italian Priest Organizes Beauty Contest For Nuns

How To Change An iPhone Battery

Old-Fashioned Attitudes & Hierarchies Cause Steep Decline In Female Worshippers

At Top Of Greenland, New Worrisome Cracks In Ice

News Articles Archive

Current Articles | Categories | Search | Syndication

Security Fears Over Food & Fuel Crisis

Security Fears Over Food & Fuel Crisis	233 Views
posted on Monday, June 23, 2008

SECURITY FEARS OVER FOOD AND FUEL CRISIS
By Carola Hoyos and Javier Blas in London
Additional reporting by Daniel Dombey in Washington
Financial Times
June 20, 2008

Original Link

Western countries have upgraded the food and fuel crisis into a national security concern as they fear record high energy and agriculture commodity costs are destabilising key developing regions of the world.

The concerns come as the world suffers for the first time since 1973 from the confluence of record oil and food prices. Corn, soyabean and meat prices jumped this week to all-time highs, while oil prices hit a record of almost $140 a barrel.

This shift toward a national security concern will become apparent at Sunday’s oil meeting in Jeddah, Saudi Arabia, where ministers are expected to warn that developing countries are cracking under the burden of record oil and food costs.

Saudi Arabia, the world’s largest oil producer and the only country able to raise output, has recognised the danger after developing countries, including US-ally Pakistan, pleaded for a reprieve from oil payments.

Morocco was forced last month to ask for an $800m loan from Saudi Arabia and United Arab Emirates to cushion the impact of oil and cereal imports.

One Washington official said: “What we have been watching is behaviour [that indicates] China, India, Indonesia, Vietnam [and] Malaysia simply can’t bare the burden on the central budget and that the medium to long-term confluence of oil and food prices is just too much.” He added: “It is leading to a real security issue where the streets are talking to the president.”

Martin Bartenstein, Austria’s economics minister who is travelling to Jeddah, said on Friday that the risk of social tension caused by high oil prices driving inflation to double digits will be a main tenet of his argument.

“It is very high on our agenda,” said a senior diplomat from a larger European nation.

Senior active and former US, European and United Nations officials said they had met US White House staff on the issue for briefings having been prompted in part by the unrest that toppled Haiti’s government and more recently after several Asian countries risked popular anger by cutting fuel subsidies.

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

NHNE Climate Change Resource Page

NHNE Peak Oil Resource Page


............ In accordance with Title 17 U.S.C. Section 107 , this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. Unless the information in question has been written and/or published by NHNE, NHNE has no affiliation whatsoever with the originator of this article. NHNE is, therefore, not endorsed or sponsored by the originator, nor does NHNE necessarily endorse, promote, or agree with the content. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.