Tuesday, March 22, 2011


Supplementary News Links for March 23, 2011

## Global economic meltdown ##
JPMorgan: "The Likelihood That The Portuguese Government Will Fall This Week Looks High"
Airlines whipsawed by costly fuel, Japan disaster
Chavez says capitalism may have ended life on Mars

## Fault lines/flashpoints/military ##
Uprisings to be replicated in sub-Saharan Africa, predicts Hague
Middle East faces chaos as anti-Gaddafi coalition battles confusion
Fire Breaks Out at Egypt's Interior Ministry Injuring Eight
Syria unrest: Activist arrested on fifth day of protest
Saudi king to address nation, issue orders Friday

## Energy/resources ##
World at Crossroads Over Energy Supply: "This Is Not Over Yet," Chang Says (includes video)
"As if these events were alone not unsettling enough, there is perhaps an even bigger crisis coming down the pike that could 'shake global markets,' says Forbes columnist Gordon Chang: The fight over global energy resources as fears of supply shortages put pressure on already high energy prices."
Natural gas prices heading up if post-disaster Japan imports more?
Japan crisis turns Germany, Italy against nuclear
Nuclear power in US: public support plummets in wake of Fukushima crisis
Another nail in the coffin of the nuclear renaissance. -- RF
Japan predicts up to 15,000 MW power shortage this summer (Nikkei; link in Japanese)
This will have a devastating economic impact. This isn't just a matter of factories not having enough power or trains not running. For another thing, all those office buildings, with windows that don't open and that were built under the assumption of a steady power supply, will be uninhabitable. The implications for industrial society are staggering. -- RF
Oil tops $105 per barrel
OPEC sees "acceptable" oil peak at $120
"OPEC believes the oil price is approaching $120 per barrel but unlikely to go higher, a level that is 'acceptable' and will not hinder global growth, Iraqi oil minister Abdul-Kareem Luaibi said on Tuesday."
An absurd statement. But there is little or nothing OPEC can do about the situation, so this is how they cover it up. -- RF
Jatropha biofuel 'produces six times greenhouse gas emissions of fossil fuels'
Won't Innovation, Substitution, and Efficiency Keep Us Growing? (Richard Heinberg)
PetroChina Seeks Oil Storage Space in U.A.E., Reuters Says
Energy, not politics is Gulf's top challenge
"Over the past few years, Kuwait, Qatar, Saudi Arabia and the UAE have all witnessed power shortages that have resulted in localised blackouts sometimes spanning several days."
Venezuela inks new oil deal with Chinese firms

## Got food? ##
India considers introducing law restricting 'wasted' wedding food

## Intelligence/security/internet/systemic breakdown ##
As Mideast roils, Al Jazeera finds its 'CNN moment'

## Japan ##
All 6 nuclear reactors reconnected to external power
Power restored to control room at Fukushima No. 3 reactor
Updated details on nation's unprecedented natural, nuclear disasters
Troubled nuclear reactors remain unstable, threaten to leak more radiation
IAEA tracks radiation leaks at Japan's crippled plant
Radioactive Materials in Food, Water Spread
Factories Try to Get Back Online (CNBC video)
Dumped Milk From Thinning Cows Signaling Next Threat for Fukushima Farmers
New quake near Japanese nuclear plant
According to Japanese news sources, there have been four earthquakes this morning, two of them over magnitude 5. -- RF

## China ##
PLATTS ANALYSIS:China Feb oil demand at 9.58 mil b/d, 2nd highest ever
Asia Grain Outlook: Prices May Rise On China Corn Demand

## UK ##
Public borrowing hits record high for month of February
Libyan air strikes: Armed Forces minister admits there is no exit strategy
U.K. Inflation Accelerates More Than Forecast to Fastest Pace in Two Years

## US ##
'A big one': Davenport, Iowa, braces for record flood
Fed's Fisher: U.S. debt situation at tipping point
US Approaching Insolvency, Fix To Be 'Painful': Fisher
Don't Buy The Hype, Says Gary Shilling: Stocks Are Anything But Safe
Consumers won't save the US economy
Benefits mount up, rattle California
Straight Talk with John Rubino: The Damage Is Already Done

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