Warning of inflation 'explosion'

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Warning of inflation 'explosion'

Post by yunowu on Thu Jul 03, 2008 1:48 pm

By Gabi Thesing | 2008-7-3 |

EUROPEAN Central Bank President Jean-Claude Trichet, who may raise interest rates today, said there's a risk of inflation "exploding" if central banks don't act decisively....

http://www.shanghaidaily.com/sp/article/2008/200807/20080703/article_365396.htm

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Analysts: End to Rising Oil Prices Not in Sight

Post by yunowu on Thu Jul 03, 2008 4:29 pm

By Tendai Maphosa
London
03 July 2008

The price of oil has hit an all-time high in London, rising above $146 a barrel, with New York crude prices not far behind. Tendai Maphosa reports for VOA from London analysts do not see an end to the price increases anytime soon.....
http://www.voanews.com/english/2008-07-03-voa70.cfm

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End of the petroleum age

Post by yunowu on Fri Jul 04, 2008 5:53 pm

Jul 3, 2008

By Michael Klare

At the hastily convened global oil summit in Jeddah, Saudi Arabia, on June 28, top officials of producing and consuming nations from around the world attempted to find a combination of solutions that would somehow extricate us from the current crisis over sky-high energy prices. These proposals ranged from increased output by major producers such as Saudi Arabia and Kuwait to restrictions on the activities of international oil speculators.

All were based on the premise that the crisis can be resolved through the right mix of actions, thus restoring an environment of cheap and abundant oil, a premise that is fundamentally flawed. More and more, the evidence suggests that this is not just a temporary crisis. It is the beginning of the end of the petroleum age.....

http://atimes.com/atimes/Global_Economy/JG03Dj04.html

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$250 a barrel seen

Post by yunowu on Fri Jul 04, 2008 11:37 pm

Red-hot world oil prices blazed over a record $146 a barrel Thursday in the face of falling US oil reserves, geopolitical tensions and a weak dollar, traders said. Russian energy giant Gazprom meanwhile forecast that soaring oil prices would "very soon" hit $250 a barrel. New York's main oil futures contract, light sweet crude for August delivery, leapt to an all-time pinnacle of $145.85 before a record close at $145.29. In London, Brent North Sea oil for August delivery surged to a...


http://www.journal.com.ph/index.php?issue=2008-07-05&sec=6&aid=65505

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The era of oil wars

Post by yunowu on Fri Jul 04, 2008 11:40 pm

Growing competition for oil may escalate to something as hot and dangerous as nuclear proliferation Gordon Brown meeting Britain's oil chiefs to discuss higher North Sea output to bring down prices is prompted by oil prices hitting a record high of $135 a barrel, twice as high as a year ago and a staggering 12 times higher than a decade ago. The well-sourced website petrolprices.com is now predicting that petrol will reach 1.50 a litre by September, just 4 months away. Jeff Rubin of CIBC World...


http://www.guardian.co.uk/commentisfree/2008/jun/29/oil.oilandgascompanies

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Global Energy Network Depends on a Few Vulnerable Nodes

Post by yunowu on Mon Jul 07, 2008 10:18 pm

Four-dollar gasoline has the pushed the price of energy to the top of the American mind. But the price would go a lot higher if someone applied pressure to one of the key chokepoints in the global energy pipeline.
That's the message from New Scientist, which this week examines vulnerabilities in the worldwide oil supply chain. The magazine's message is dire: A lot depends on oil, and oil depends on a few key transport and processing locations....
http://blog.wired.com/wiredscience/2008/07/five-vulnerable.html

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Re: Warning of inflation 'explosion'

Post by Baz on Fri Jul 11, 2008 3:07 am

yunowu wrote:Growing competition for oil may escalate to something as hot and dangerous as nuclear proliferation Gordon Brown meeting Britain's oil chiefs to discuss higher North Sea output to bring down prices is prompted by oil prices hitting a record high of $135 a barrel, twice as high as a year ago and a staggering 12 times higher than a decade ago. The well-sourced website petrolprices.com is now predicting that petrol will reach 1.50 a litre by September, just 4 months away. Jeff Rubin of CIBC World...


[url=http://www.guardian.co.uk/commentisfree/2008/jun/29/oil.oilandgascompanies
http://www.guardian.co.uk/commentisfree/2008/jun/29/oil.oilandgascompanies[/quote[/url]]

In all honestly i dont believe brown wants oil prices to fall or really cares a jot if they dont, with this man on all fronts "Talk is cheap" that much everyone here must now realise, to watch this man talking or answering back to any discussion is strange to say the least.

Beleive half of what he says.....and take the other half with a pinch of salt....at best.

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Re: Warning of inflation 'explosion'

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