Word: oil
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...only beneficiaries of this folly are, of course, American farmers, who win both from high market prices and from subsidies dished out by a Congress desperate to look like it has some kind of solution to rising oil prices. But ethanol represents, on a broader level, the tendency to rush into high profile, fix-all “solutions” before we have fully analyzed the interdependency of all the elements involved. Instead of pursuing those modest, non-fanciful solutions that we have reason to believe might work (like forest management to increase carbon uptake and a carbon...
...campus e-mail lists, with a farcical flyer that asserted, “This war is needed to stimulate our economy and protect our homeland!” “This is about supporting good patriotic values and our God-given right to protect the land where our oil is residing,” said protester and HAWC member Matthew A. Opitz ’10. “I think it’s about time to stand up to liberal agitators.” Out of character, he added that the goal of the protest...
...standoff over Kosovo. In Belgrade, just a week before he became Russia's President-elect, Dmitri Medvedev supervised Serbia's signing up to a prospective Russian Southern Stream natural gas pipe-line. Serbia also sold to Russia a 51% stake of Naftna Industrija Srbija (NIS), a much prized national oil company for $614 million and the promise of a further investment of $770 million. Russia plans build a major gas storage facility in Serbia, making the country a key base for Russian energy supplies to Europe. This consolidation of ties with Serbia achieves two Russian strategic goals: taking over national...
...Another after-effect of Kosovo's independence is Moscow's rallying of its hitherto reluctant CIS partners against the West. Oil-rich Azerbaijan, for example, had long begun inclining towards the West, but may be pushed back into Moscow's orbit because of Nagorno-Karabakh, a province that broke away in the 1990s and has de facto integrated with Armenia. Last week, for the first time in years, Azeri and Armenian forces clashed in a full scale fighting in Karabakh...
...price of chicken increased 11 percent, flour 18 percent, and milk a prohibitive 30 percent during the winter menu cycle alone. This inflation—recently the source of countless Economist and New York Times articles—is the symptom of many converging problems. The rising costs of oil has consequences fo the food industry: it’s more expensive to plant, harvest, ship, cook and heat facilities. Populations in countries like India and China are becoming wealthier and eating more meat. Since animals are higher on the food chain, it takes more pure vegetation to yield...