The Tunisia Effect - Continuing Coverage of the Revolutions of 2011

Excellent. Here's hoping it reaches $200 before things return to "normal". That is the only way to get the investment necessary for alt-energy.

What about the increase in food prices. Is it worth people going hungry or going into debt in order to provide food for their families to try to kick-start the alt-energy industry. I'm all for better energy, but at the cost of unaffordable food?
 
What about the increase in food prices. Is it worth people going hungry or going into debt in order to provide food for their families to try to kick-start the alt-energy industry. I'm all for better energy, but at the cost of unaffordable food?

It is going to happen either way. Better sooner with the hope of a soft landing then later when we realize we are past peak and civilization becomes an increasingly untenable goal.
 
What about the increase in food prices. Is it worth people going hungry or going into debt in order to provide food for their families to try to kick-start the alt-energy industry. I'm all for better energy, but at the cost of unaffordable food?

Ramen for all!

We need to give up some of our more expensive habits anyway.
 
What about the increase in food prices. Is it worth people going hungry or going into debt in order to provide food for their families to try to kick-start the alt-energy industry. I'm all for better energy, but at the cost of unaffordable food?


You're saying this like people aren't already going hungry or in debt to feed their families.
 
They are, and if food prices rise, things will only get worse for them. Even more people will be forced into this situation.

I agree that we need to find better energy, but I don't think hoping for civil wars and wishing starvation on people is the way to encourage better energy.
 
(Reuters) - Oil prices hit 29-month highs on Thursday to near $120 a barrel on growing fears that the unrest in Libya could spread to other oil producing countries including top exporter Saudi Arabia, threatening to derail global growth

Saudi is upping production to hold back the price.

It is better for the price to go up say 5% above inflation every year than go up 15% in a few days then back down again as this makes it harder for people to judge if it is better to spend the money to switch from oil.
 
Saudi is upping production to hold back the price.

It is better for the price to go up say 5% above inflation every year than go up 15% in a few days then back down again as this makes it harder for people to judge if it is better to spend the money to switch from oil.

It is simpler then that. They want to keep the price just under the trigger recession threshold, otherwise oil goes down to $50.

This is why peak oil will really kick us in the balls. Because oil will only go up to $200 a barrel(barring turmoil in Saudi) if the production capacity to ramp up production is simply not there anymore.
 
Yes and when the price falls they will cut production again.
OPEC share of the oil reserves is falling so their ability to stabilise the price will decline.

Meanwhile in yet another Tahrir Square


From ABC News

Security forces used water cannons and tear gas to disperse thousands of angry protesters in Baghdad as a "Day of Rage" across Iraq left 15 demonstrators dead in clashes with police.

Around 5,000 people thronged Baghdad's Tahrir Square, with angry crowds throwing stones, shoes and plastic bottles at riot police and soldiers blocking off a bridge connecting the site to Baghdad's heavily fortified Green Zone, home to the US embassy and parliament.

The protest was the biggest of at least 17 separate demonstrations across the country, some sparking clashes in which more than 130 people were wounded, according to a tally based on accounts by officials

http://www.google.co.uk/url?sa=t&so...sqjyDg&usg=AFQjCNEiCO5k8v53uEGQDoE84a_Ydm8mAw

I wonder how the US will react to this.
 
Waiting for the outrage and indignation on this one. :mischief:
 
Mildly troubling signs from Egypt

The Egyptian army has used force to disperse activists gathered in Cairo’s Tahrir Square to demand the removal of Hosni Mubarak loyalists from the interim cabinet.

Egyptian soldiers fired in the air and used batons in the early hours of Saturday to disperse the crowd, the Reuters news agency reported.

Demonstrators had also gathered in front of the parliament building in Cairo, where police beat protesters and used tasers to suppress the crowds, an Al Jazeera producer in the capital reported.

The Supreme Council of the Armed Forces, the ruling military council, later apologised for the military's response and said the situation "wasn't intentional".

In a statement, the council promised such confrontations would not happen again.

The people had gathered to celebrate two weeks since the removal of Mubarak from power and remind the country's new rulers of their promise to guard against a "counter-revolution" of the people's power.

After midnight, when a curfew goes into effect, military police moved in to clear them away and beat protesters, some of whom tried to resist, according to Shady Ghazali, a leading youth activist who said he witnessed the clash.

One man was slapped so hard he bled from his face," Ghazali said.

He and at least four others were detained and taken to a lock-up that already held dozens of other protesters who were apparently arrested throughout the day, he said.

Some of them showed bruises and other signs of mistreatment, he said.

It's to be expected, really. No revolution has ever brought a country straight from dictatorship to liberal democracy in a month, and it's not going to happen in Egypt. Still, hopefully the opposition and the military can sort out their differences, or things could still get ugly again.
 
He and at least four others were detained and taken to a lock-up that already held dozens of other protesters who were apparently arrested throughout the day, he said.
I wonder if they will be "disappeared" by the military as well...

And still no threads about how the US and Europe should invade Iraq to stop the bloodshed...
 
Has there been any word about the thousands the military has already "disappeared" since the protests started?
 
This is why peak oil will really kick us in the balls. Because oil will only go up to $200 a barrel(barring turmoil in Saudi) if the production capacity to ramp up production is simply not there anymore.

Price of Oil in Saudi Arabia: SR 0.25-0.50, roughly less than a fifty cent penny.

I really doubt Saudi Arabia would end up in turmoil, well, there's Mecca.
 
I wonder if they will be "disappeared" by the military as well...

And still no threads about how the US and Europe should invade Iraq to stop the bloodshed...

From Jerusalem Post

BAGHDAD — Thousands marched on government buildings and clashed with security forces Friday in cities across Iraq in an outpouring of anger that left 11 people dead — the largest and most violent anti-government protests in the country since political unrest began spreading in the Arab world weeks ago.

In northern Iraqi cities, security forces trying to push back crowds opened fire, killing nine demonstrators, In the western Anbar province two people were shot and killed in a protest. In the capital of Baghdad, demonstrators knocked down blast walls, threw rocks and scuffled with club-wielding troops who chased them down the street.

http://www.google.co.uk/url?sa=t&so...yKD1Dg&usg=AFQjCNH1laXGdH1-QHEZuIrtl3CKD2XWfQ

The protests, billed as a "Day of Rage, were fueled by anger over corruption, chronic unemployment and shoddy public services

Jerusalem Post noted that

On the eve of the marches, al-Maliki urged people to skip the rally, which he alleged was organized by Saddamists and al-Qaida — two of his favorite targets of blame for an array of Iraq's ills. He offered no evidence to support his claim

I assume he did not mention milk or Nescafe.
 
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