The truth about oil Nov 21, 2009
As Peter Maass puts it in his new book Crude World, the world of oil is one of scarcity, plunder, rot, contamination, fear, greed and desire ... The economic theory of demand and supply states that when there is a scarcity of a sought-after commodity, price goes up. (The Star Online, Malaysia -- Business)
Top Eurobank prepares for 'global economic collapse'... Nov 20, 2009
You sell dollars (paper) and buy money (assets) in an inflationary environment because your paper is losing it's value everyday due to lack of scarcity ... You sell dollars (paper) and buy money (assets) in an inflationary environment because your paper is losing it's value everyday due to lack of scarcity. (The Drudge Report)
MPOC chief:Give palm oil due recognition Nov 14, 2009
For the future, he said the sustainable industry was looking at increasing its tonnage following the scarcity of land. Bernama. (The Star Online, Malaysia -- Business)
Supes consider Chem Waste, swine flu and agriculture business Nov 10, 2009
Kings County Agricultural Commissioner Tim Niswander is scheduled to talk about changes in local agriculture amid wild commodity price swings and increasing water scarcity. Supervisors meet at 9 a.m. in the board chambers at the Kings County Government Center, 1400 W. Lacey Blvd., Hanford. (Hanford Sentinal, CA)
New fuel for debate Nov 5, 2009
To others, it's a waste of resources that could foul the environment and lead to increasing food scarcity. At the center of all the debate is biofuel -- liquid or gas energy derived from plant products. (Hanford Sentinal, CA)
Nigeria: Current Fuel Scarcity Justifies Deregulation, Says Govt Nov 4, 2009
com: Nigeria: FG - Current Fuel Scarcity Justifies Deregulation (Page 1 of 1). FG - Current Fuel Scarcity Justifies Deregulation ... Abuja The current situation where there is "induced scarcity" inspite of the availability of enough fuel at filling stations, has justified the campaign for deregulation of the downstream oil sector, the Federal Govern-ment has said. (allAfrica.com)
Nigeria: Federal Govt Denies Oil Marketers Import Licence Oct 27, 2009
Investigations also revealed that part of the consideration for the government's decision was the need to forestall any possibility of petroleum products scarcity during the ongoing Under 17 World Cup in the country ... In a statement by Dr. Levi Ajuonuma, the Group General Manager, Group Public Affairs Department, NNPC dismissed the allegations and described as rumour the insinuations of an impending scarcity of petroleum products. (allAfrica.com)
Going down a gear Oct 5, 2009
BHP Billiton, which itself has plenty of cash, has so far found it very tough to locate top-tier assets in copper in particular due to the global scarcity of great deposits. Even second-tier copper assets comparable to its Prominent Hill mine will be very hard for OZ to find, especially if it faces competition from Chinese state-owned companies. (Sydney Morning Herald -- Business)
South Africa: Can Country Afford to Export Virtual Water? Sep 30, 2009
Delegates on an Orange Senqu River Commission (ORASECOM) field trip in September were told by the Commission's technical task team member Peter Pyke that as water scarcity increases, so the most value possible has to be obtained from existing water supplies. The idea is that instead of exporting virtual water out of the region ("embedded" in the boxes of juicy grapes from Viljoen's farm), water scarce regions should instead be importing crops from water-rich areas, saving water for other uses... (allAfrica.com)
Labour shortage hurts plantation sector Sep 30, 2009
The cardamom belt in Idukki has been plagued by labour scarcity for some time. The migration of Tamil labourers back to their home state has compelled the growers to engage workers from Orissa, West Bengal and Bihar who are not as skilled as the workers from Kerala or Tamil Nadu. (India Times)
Nigeria: Eid-El-Fitr [editorial] Sep 21, 2009
Petroleum products' dealers and transporters who cause artificial scarcity of fuel or vehicles which, in turn, cause commuters to be stranded are indeed enemies of progress in Nigeria. This unbecoming act should therefore be discarded. (allAfrica.com)
Clunkers Theory Rooted in Depression Farm Policy: Caroline Baum Aug 31, 2009
The U.S. no longer manages supply through what Jim Powell, author of , calls a scheme of government- enforced scarcity. (If economics is about the allocation of scarce resources, what can you say about policies specifically designed to create scarcity. (Bloomberg -- Columnists)
Market Forecaster Aug 19, 2009
The scarcity of old crop soybean supplies reduced crushing volume in July, according to NOPA. Beans are scarce and volume was down, as processors were scrounging for supplies and animal feeders were scrounging for profits, says Tom Hammer, NOPA s chief executive officer. Japan, the largest market for U.S. hard red spring wheat, may import the most wheat it has in three years amid domestic production problems, the North Dakota Wheat Commission says. (Midwest Bulls Eye, NE)
The Common Mans State Of The Union Address. Aug 5, 2009
And that is, if the Eighty Percent President Mills has scored himself is synonymous with scarcity of petroleum products and the sky rocketing of prices of virtually everything in the country, then, I am afraid Ghanaians have a hell lot of problems awaiting them. But the question is, Is the President equal to the task. (Ghana Web, Ghana)
The return of Thomas Mun Jul 29, 2009
That's why it is attempting to appropriate control of oilfields, mines and so forth in emerging markets, providing itself with secure sources of supply that will allow its economy to continue to flourish in a world of scarcity ... Other natural resources may certainly find their prices driven up by the rapid industrialization of China and India, but there is no sign of their rising prices being due to any absolute global scarcity - not yet. (Asia Times Online)
U.S. Energy Security and Natural Gas Vehicles: A Reality Check Jul 25, 2009
These supply scarcity issues demonstrate an overall lack of competition within the industry that has made the costs associated with NGVs artificially high across-the-board. Displacing even a portion of the 250 million petroleum-based vehicles on American roads is no small feat. (Energy Pulse, CO)
Shades of Iraq Jul 16, 2009
native sees supply scarcity as a natural growing pain. Supplies is always an issue, he says. (Fox News)
Ex-Fortress Hong Kong Head Stanley Ku Plans Asia Focused Macro Hedge Fund Jul 15, 2009
The problem is that there is a scarcity of fresh capital for new funds. . (Bloomberg -- Asia)
G8 nations pledge $20 bln to fight hunger Jul 11, 2009
The growing scarcity of water resources and a dramatic lack of sustainable access to water and sanitation in many African countries seriously impedes development, wealth creation and the eradication of poverty, the document said. L'AQUILA, Italy, July 10 (Xinhua) -- Leaders of the Group of Eight industrialized nations and five emerging economies met Friday with their African counterparts to discuss the economic crisis and food security in Africa. (Xinhuanet, China)
Transnet to further boost capex - Wells Jun 25, 2009
He said that two years ago the problems were more operational, but in the 2008/09 financial year the cause for the decline was linked more to the scarcity of the commodity. Wells said the company had the capacity to deliver 70 million tons, but mining companies were not producing enough volumes. (Business Report, South Africa)
China's recovery won't drive up commodity prices Jun 18, 2009
Such an adjustment in relative prices reflected the scarcity of staple goods relative to industrial products. Since distressed selling had kept a firm lid on prices during the crisis, the commodities market needed a reasonable rebound, Wang said. (Xinhuanet, China)
Prospects for Oil Market Stability, Remarks by John Lipsky, First Deputy Managing Director of the International Monetary Fund, at the G-8 Meeting of Energy Ministers, Rome May 26, 2009
Another time-honored lesson is that when market conditions are tight and buffers are low, prices respond very strongly to signals of scarcity ... One of the characteristics of the most recent boom, however, was that scarcity was not just the result of the usual short-term factors, such as weather- and conflict-related outages, but also of persistent supply constraints ... The key consequence of this prospective scarcity was that prices continued rising. (IMF News)
* The suicidal harvest of new seed technology May 10, 2009
Seed scarcity is directly caused by seed monopolies, which have as their ultimate weapon a terminator seed that is engineered for sterility. This means that farmers cant renew their own supply but must return to the monopolist for new seed each planting season. (Taipei Times, Taiwan -- World Business)
Green shoots or dried lallang? May 4, 2009
Markets, we were told, were working to find the true scarcity value of these goods. As it turned out, this was hogwash. (The Star Online, Malaysia -- Business)
Africa: The Second Scramble for Africa Starts Apr 28, 2009
In an interview with IPS, Hoering said that the land grab in Africa became evident in 2008 as a consequence of the recent run to so-called bio fuels and the price inflation and scarcity of food. Although the investments are also targeting fertile land in other areas of the world, sub-Saharan Africa appears to be these investors' main destination. (allAfrica.com)
Searching for Cuba's next big revolution Apr 20, 2009
It was far more food than I needed - like eating at the home of friends - but with the scarcity of supplies here, I cleaned the plate. Playas of the People. (San Francisco Chronicle)
China dumps dollars - for copper... Apr 17, 2009
Any material that is useful has value dicated by scarcity. Copper I think has more of a risk of scarcity then gold as, on an ounce by ounce basis (or in the case of currency backing, ton by ton) you use copper for wiring, plumbing, etc where gold is used in extremely small quanities in comparison. (The Drudge Report)
YouTube, Universal launching music site Apr 13, 2009
"We will be the well that powers many of those sites. This is a strategy that recognizes that scarcity is needed." So when advertisers want to reach music video fans, "We sell that audience across the web.". Posted. (USA Today -- Tech)
G-20 maps road for chaos Apr 1, 2009
Such theory contradicts classical and neoclassical economics of exchange, production, distribution, and accumulation, and refutes the law of scarcity. If the G-20 finance ministers and central bankers hold the stores of nature and are to create abundance of all imaginable goods costless through fiscal expansion and unconventional money policy, then why worry about job creation. (Asia Times Online)
'Coraline' Director To Get AFI Honor Apr 1, 2009
But the scarcity of artists hardly spells out doom for the art form of stop-motion. In fact, Selick said, there are plenty of young people aspiring to be -- and have jobs -- as stop-motion artists. (Click2Houston, TX)
As climate changes, is water the new oil? Mar 23, 2009
And, in another sense of green, is there money to be made in a time of water scarcity. The answer to both questions, according to environmental activists watching a global forum on water, is yes. (Yahoo News -- Top Stories)
The second shockwave Mar 20, 2009
Equally worrisome is the risk of food scarcity in these areas, resulting in widespread malnutrition, hunger, and starvation ... The report's most significant findings are to be found in its overviews of the various growing regions, where two key areas - Asia and South America - are at particular risk because of mounting water scarcity. (Asia Times Online)
Economic Shifts and Oil Price Volatility, Remarks by John Lipsky, First Deputy Managing Director of the International Monetary Fund Mar 20, 2009
While the scarcity of data prevents a more definitive assessment, the unwinding of commodity positions may have accelerated the momentum in the price declines during this period. Nevertheless, this momentum did not last. (IMF News)
Murray towns 'are living hand to mouth' Mar 9, 2009
"It's the first time there has been a real scarcity of irrigation water," said Peter Gooday, productivity and water manager for the agricultural research body, ABARE. The amount of water allocated to farmers has dropped by 20 to 30 per cent.. "The run of low inflow years is a low probability event and something we haven't seen before," he said. (Sydney Morning Herald -- Australia)
Paramount Resources Ltd. Financial and Operating Results for the Year Ended December 31, 2008 Mar 7, 2009
This program was not without its challenges, including an escalation of all aspects of drilling program costs, a scarcity of goods and services, and lower than expected reserves per well. The results achieved in the Red River and Bakken program were the strongest, where three of the six completed wells have achieved expected production rates. (CCNMatthews Press Releases)
Nigeria: Kano's Groundnut Scarcity [editorial] Mar 6, 2009
com: Nigeria: Kano's Groundnut Scarcity (Page 1 of 1). Nigeria: Kano's Groundnut Scarcity ... Lagos The recent outcry over the scarcity of groundnut in Kano by small-scale industrialists who rely on the commodity for production of groundnut oil is not only a tragedy but also a sad reminder of the extent of neglect the nation's agricultural sector has suffered. (allAfrica.com)
Post a comment Mar 4, 2009
There is no profit motive in government, thus largesse is not sustainable, that s why war happens, resource scarcity. Too many parasites kill the host. (International Herald Tribune -- Business)
Ailing Teck looks to sell coal stake Feb 19, 2009
"What we have on offer is a long-term resource of 100 years plus. It is available once and only once. So there is some scarcity value," Teck's embattled president and chief executive officer Don Lindsay said on a conference call to discuss the company's $607-million fourth-quarter loss. Mr. Lindsay, who spearheaded the $14-billion Fording deal, said customers from Japan, South Korea and China, who need Teck's coking coal to produce steel, are potential buyers of a stake in Teck's mines. (Globe and Mail)
