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Attack on Saudi oil infrastructure and Iraq’s Golden Mosque bombing push oil prices up

admin /27 February, 2006

Attempted suicide bombing at world’s largest oil processing plant in
Saudi Arabia and Golden Mosque bombing in Iraq lift oil prices by over
$US2 a barrel

Ominous developments in Iraq deflected attention from an attempted
suicide bombing at the world’s largest oil processing plant, located in
Saudi Arabia’s oil-rich eastern province. But worries about spreading
violence in a destabilised Middle East lifted oil prices by more than
$US2 a barrel on the New York Mercantile Exchange, underscoring the
fragility of world oil supplies, according to The Australian Financial Review (27/2/2006, p.10).
Al-Qaeda did the bombing: Al-Qaeda claimed responsibility for
the attempted bombing of the Abqaiq facility, adding to long-held
concerns about attacks on the Saudi oil sector, which accounts for
about 10 per cent of the world’s supply.
Endless civil war: Iraq’s Defence Minister, Saadoun al-Dulaimi,
a Sunni Muslim in the Shi’ite-led government, warned of an endless
civil war unless things were brought under control. “If there is a
civil war in this country it will never end,” Mr al-Dulaimi said.
Many people killed: He put the number of people killed at 119
since the Shi’ite Golden Mosque in Samarra was bombed on Wednesday, but
this almost certainly understates the number killed.

Second world conference of mayors on climate change for Kyoto in February 2007

admin /26 February, 2006

Mayors from around the world were being invited to Kyoto, the ancient
capital of Japan and the birthplace of the Kyoto Protocol, in February
2007 to discuss global climate change, reported United Press
International on 22 February.

Connection with UNFCCC meeting: The Second World Mayors Council
on Climate Change was being organised in connection with the United
Nations Framework Convention on Climate Change, (UNFCCC).

First mayoral conference in Montreal in December 2005: The first
mayoral meeting was held in Montreal last December following a proposal
from Mayor Yorikane Masumoto of Kyoto. It brought together mayors from
15 cities in 11 countries, including Seattle, Bonn, Germany, and
Geneva, Switzerland.

Trading of emission credits on agenda: Next year’s Kyoto
meeting, which the organisers expect would assemble about 500
specialists from around the world, was set to discuss measures on
climate change by local governments, including trading of carbon
dioxide emission credits.

Govt policy keeps junk food cheap

admin /22 February, 2006

Grist Magazine in the US is doing a major investigation into the links
between poverty and the environment. One of hte first findings is that
huge government subsidies for corn, not only warp enviornmental policy
but make junk food based on corn starch many times cheaper than fresh
fruit and vegetables.

So good, and so good for you -- until it's turned into soda.

So good, and so good for you — until it’s turned into soda.
Photo: stock.xchng.

Macfarlane’s attack on Beazley and Kyoto clearly shows he doen’t get the big picture

admin /5 February, 2006

Under Kim Beazley, Labor has already committed itself to a dark,
expensive, energy-less future for all Australians, brought about by the
introduction of a quasi, ill-conceived emissions trading program, said
Federal Industry, Tourism and Resources Minister, Ian Macfarlane in a
media release.

Costly Kyoto: The Beazley Blueprint will advocate a future where
electricity and petroleum costs more and jobs will be sacrificed in the
name of a short-sighted protocol on greenhouse emissions arrest.

Electricity up 50pc and 15,000 jobs gone: The ABARE Outlook
2002 report on Climate Change found that if Australia were to ratify
the Kyoto Protocol, Australian electricity prices could be 50 per cent,
about A6 cents a kilowatt hour, higher than they would otherwise be by
2015. Labor’s own research shows that the introduction of their carbon
tax would cost Australia more than 15,000 jobs.

Labor supports Howard’s anti-Kyoto stance

admin /22 January, 2006

LABOR’S left-wing powerbroker
Martin Ferguson has urged the party to renounce the Greens and support the
Howard Government’s Asia-Pacific climate
partnership, reported The Australian last
week. The Opposition resources spokesman said it was time to abandon
the “political correctness” of the environmental movement and recognise
the role of Australian business in providing jobs.

“It is extraordinary that
the Greens could place the economic security and jobs of their constituents at
risk,” Mr Ferguson said. “Let’s be real – without getting business on board we
cannot achieve anything.”