I hate to say I told you so, but we loony liberals have been talking about this happening since the fucking 1970's and fat americans laughed and continued to pump their un-needed SUVs with peaked out oil.
Then we went to war for oil.
Then oil went to 114 dollars a barrel.
Now there is a global food shortage starting.
How does the "American Way of Life" look NOW motherfucker?
This from CBC.ca (because US media will not tell this story)
"Gold and oil get all the headlines. But when it comes to suddenly soaring prices, they barely hold a candle to the real staples of human existence today — wheat, corn, soybeans and rice.
As the Scotiabank commodity price index reported recently, Canada No. 1 grade wheat jumped to an extraordinary $798 a tonne in February 2008, which is more than three times the $252 a tonne it was averaging over each of the past two crop years.
This is great news, of course, for western farmers who have been squeezed by three decades of mostly declining prices and higher input costs. But the sudden surge in crop prices over the past year is creating social havoc and other, almost revolutionary, changes all over the world.
For the first time in recent memory, there were food riots last year in a host of countries, ranging from Austria and Hungary to Mexico, Namibia, Zimbabwe, Morocco, Yemen, Mauritania, Senegal and Uzbekistan.
Russia and Pakistan introduced food rationing for the first time in decades (and Pakistani troops have been sent out to guard imported wheat). To conserve dwindling stocks, India has banned the export of rice, except for high-end basmati, and other big rice-eating countries, notably the Philippines, are talking of a "rice crisis" and promoting drastic measures to guarantee supply.
Is the world running out of food? "I don't think so," says Harriet Friedmann, a sociology professor at the University of Toronto's Munk Centre for International Studies and one of the country's foremost experts on the economics of food.
But, she says, we are at the beginnings of a "pretty serious trend" that could "shock the international system" with higher prices and regionalized shortages for some time to come.
According to the UN's World Food Program, the root causes of today's higher prices are rising energy costs, the almost decade-long drought in Australia (an important exporter), and the flourishing middle classes in China and India, who have developed a taste for grain-fed beef, pork and chicken.
Friedmann and others, such as the best-selling author Michael Pollan (The Omnivore's Dilemma), also point to what they call the industrialization of the food system, in which basic commodities like wheat, corn and soy are now simply inputs into everything from bread to animal feed, fast food and biofuels — and available worldwide to the highest bidder.
By some counts, a third of the U.S. corn crop this year will go into the production of ethanol and other related biofuels, a controversial approach to help wean that country from imported oil.
"We've gone from competing with our animals for grain to competing with our cars," says Friedmann.
'The new face of hunger'
World stockpiles
Wheat 110.4 million tonnes
Corn 104 million tonnes
Rice 75.2 million tonnes
Source: U.S. Dept. of Agriculture, March 11, 2008
For Canadians, the rising cost of food is starting to show up at the supermarket and other food outlets. Baked goods, eggs and meat have all gone up in price, though the overall impact has been masked somewhat by a decline in the cost of many imported foods, courtesy of the stronger dollar.
Because of the loonie, the grocery store cost of imported fruits and veggies is down 14 per cent from last winter, Statistics Canada reported recently.
However, for much of the rest of the world, particularly developing countries, the impact has been much more immediate. Officials from the UN's World Food Program made an extraordinary appeal in February, saying they will need an additional $500 million in donor contributions just to meet existing needs, helping feed 73 million extremely malnourished individuals in 78 countries.
They also said that will still only be a drop in the bucket when it comes to world hunger and that they expect food shortages to be more acute in the years ahead, particularly in larger centres of the developing world. The world's poorest people will now have to spend a larger portion of their income on food or do without.
"This is the new face of hunger," WFO head Josette Sheeran told reporters. "There is food on shelves, but people are priced out of the market."
This is exactly the situation — Scarce food among the plenty — that CBC reporter Stephen Puddicombe witnessed on his recent assignment in Pakistan. It seems to be what is behind the food riots that have been springing up all over the globe — for example, protests over the cost of tortillas in Mexico.
With the stockpiles of wheat, rice and corn as low as they have been since the 1970s — in the case of U.S. wheat, as low as they have been since the Second World War — no one expects prices to ease any time soon. And this is putting an extra burden on the big donor nations such as Canada.
The U.S. has already told the UN it might not be able to meet its past commitment on donated foods, at least in tonnage, because there are no surpluses anymore and delivery and other energy-related costs have gone up so much.
Canada was the world's fourth largest food-aid donor last year and is pledged under international conventions to supply 420,000 tonnes of food aid per year to the UN. Because of the higher prices, the 2008 cost looks to be at least 20 per cent higher than last year, the Canadian International Development Agency estimated recently. That would bring it close to $200 million.
Eating like a North American
Droughts, floods and skyrocketing energy costs have all contributed to the perfect storm that is the higher cost of food. But the real underlying reasons, say food system experts like Friedmann, are the hidden environmental and social costs of transporting specific commodities long distances and the fact that everyone now wants to eat like a North American.
For most of history, Friedmann says, humans existed on a variety of locally grown grains and legumes and a smattering of meat. But today, "meat is the new norm, even in countries like India which used to be almost entirely vegetarian."
Grain that used to feed humans is now being grown to feed chickens and animals raised for their meat, a not particularly efficient way for humans to get their dose of protein.
What's more, countries such as Nigeria that grow little wheat on their own have become accustomed to bread because of decades of international grain aid.
But more than crop diversion is at issue here: The commodification of agriculture has led to highly specialized commercial organizations even in the developing world and is pushing small, versatile farmers off their lands and into cities, which may not be capable of coping with everyone's food needs as prices rise or recessions set in.
The world has seen large-scale food shortages and spikes in commodity prices before, says Friedmann, but this time could be different. We have made obtaining food much more income dependent than ever before, she says.
"Even in the Depression in the 1930s, most people tended to know someone on a farm. They could barter for food. Doctors were paid in chickens. That is not the case anymore. If you don't have money, you won't eat well."
Then we went to war for oil.
Then oil went to 114 dollars a barrel.
Now there is a global food shortage starting.
How does the "American Way of Life" look NOW motherfucker?
This from CBC.ca (because US media will not tell this story)
"Gold and oil get all the headlines. But when it comes to suddenly soaring prices, they barely hold a candle to the real staples of human existence today — wheat, corn, soybeans and rice.
As the Scotiabank commodity price index reported recently, Canada No. 1 grade wheat jumped to an extraordinary $798 a tonne in February 2008, which is more than three times the $252 a tonne it was averaging over each of the past two crop years.
This is great news, of course, for western farmers who have been squeezed by three decades of mostly declining prices and higher input costs. But the sudden surge in crop prices over the past year is creating social havoc and other, almost revolutionary, changes all over the world.
For the first time in recent memory, there were food riots last year in a host of countries, ranging from Austria and Hungary to Mexico, Namibia, Zimbabwe, Morocco, Yemen, Mauritania, Senegal and Uzbekistan.
Russia and Pakistan introduced food rationing for the first time in decades (and Pakistani troops have been sent out to guard imported wheat). To conserve dwindling stocks, India has banned the export of rice, except for high-end basmati, and other big rice-eating countries, notably the Philippines, are talking of a "rice crisis" and promoting drastic measures to guarantee supply.
Is the world running out of food? "I don't think so," says Harriet Friedmann, a sociology professor at the University of Toronto's Munk Centre for International Studies and one of the country's foremost experts on the economics of food.
But, she says, we are at the beginnings of a "pretty serious trend" that could "shock the international system" with higher prices and regionalized shortages for some time to come.
According to the UN's World Food Program, the root causes of today's higher prices are rising energy costs, the almost decade-long drought in Australia (an important exporter), and the flourishing middle classes in China and India, who have developed a taste for grain-fed beef, pork and chicken.
Friedmann and others, such as the best-selling author Michael Pollan (The Omnivore's Dilemma), also point to what they call the industrialization of the food system, in which basic commodities like wheat, corn and soy are now simply inputs into everything from bread to animal feed, fast food and biofuels — and available worldwide to the highest bidder.
By some counts, a third of the U.S. corn crop this year will go into the production of ethanol and other related biofuels, a controversial approach to help wean that country from imported oil.
"We've gone from competing with our animals for grain to competing with our cars," says Friedmann.
'The new face of hunger'
World stockpiles
Wheat 110.4 million tonnes
Corn 104 million tonnes
Rice 75.2 million tonnes
Source: U.S. Dept. of Agriculture, March 11, 2008
For Canadians, the rising cost of food is starting to show up at the supermarket and other food outlets. Baked goods, eggs and meat have all gone up in price, though the overall impact has been masked somewhat by a decline in the cost of many imported foods, courtesy of the stronger dollar.
Because of the loonie, the grocery store cost of imported fruits and veggies is down 14 per cent from last winter, Statistics Canada reported recently.
However, for much of the rest of the world, particularly developing countries, the impact has been much more immediate. Officials from the UN's World Food Program made an extraordinary appeal in February, saying they will need an additional $500 million in donor contributions just to meet existing needs, helping feed 73 million extremely malnourished individuals in 78 countries.
They also said that will still only be a drop in the bucket when it comes to world hunger and that they expect food shortages to be more acute in the years ahead, particularly in larger centres of the developing world. The world's poorest people will now have to spend a larger portion of their income on food or do without.
"This is the new face of hunger," WFO head Josette Sheeran told reporters. "There is food on shelves, but people are priced out of the market."
This is exactly the situation — Scarce food among the plenty — that CBC reporter Stephen Puddicombe witnessed on his recent assignment in Pakistan. It seems to be what is behind the food riots that have been springing up all over the globe — for example, protests over the cost of tortillas in Mexico.
With the stockpiles of wheat, rice and corn as low as they have been since the 1970s — in the case of U.S. wheat, as low as they have been since the Second World War — no one expects prices to ease any time soon. And this is putting an extra burden on the big donor nations such as Canada.
The U.S. has already told the UN it might not be able to meet its past commitment on donated foods, at least in tonnage, because there are no surpluses anymore and delivery and other energy-related costs have gone up so much.
Canada was the world's fourth largest food-aid donor last year and is pledged under international conventions to supply 420,000 tonnes of food aid per year to the UN. Because of the higher prices, the 2008 cost looks to be at least 20 per cent higher than last year, the Canadian International Development Agency estimated recently. That would bring it close to $200 million.
Eating like a North American
Droughts, floods and skyrocketing energy costs have all contributed to the perfect storm that is the higher cost of food. But the real underlying reasons, say food system experts like Friedmann, are the hidden environmental and social costs of transporting specific commodities long distances and the fact that everyone now wants to eat like a North American.
For most of history, Friedmann says, humans existed on a variety of locally grown grains and legumes and a smattering of meat. But today, "meat is the new norm, even in countries like India which used to be almost entirely vegetarian."
Grain that used to feed humans is now being grown to feed chickens and animals raised for their meat, a not particularly efficient way for humans to get their dose of protein.
What's more, countries such as Nigeria that grow little wheat on their own have become accustomed to bread because of decades of international grain aid.
But more than crop diversion is at issue here: The commodification of agriculture has led to highly specialized commercial organizations even in the developing world and is pushing small, versatile farmers off their lands and into cities, which may not be capable of coping with everyone's food needs as prices rise or recessions set in.
The world has seen large-scale food shortages and spikes in commodity prices before, says Friedmann, but this time could be different. We have made obtaining food much more income dependent than ever before, she says.
"Even in the Depression in the 1930s, most people tended to know someone on a farm. They could barter for food. Doctors were paid in chickens. That is not the case anymore. If you don't have money, you won't eat well."
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Re: Food Riots begin
Fri, April 25, 2008 - 3:28 PMjake wilson - space poet, apocalypse cheerleader
In one state, they no longer HAVE to throw away tons of perfectly good food everyday:
www.bizjournals.com/jacksonv...ly30.html
"hundreds of millions of people are facing famine"
www.radionetherlands.nl/news/i...tsunami
How imaginary commodity speculation is leading the oil bubble - IE Wall Street gambling is likely the cause of the oil bubble. Which means that investment is driving the oil price balloon, wheat price balloon, rice and etc etc as billion dollar investment shifts to commodity's.
"Crude oil topped $119 a barrel on the New York Mercantile Exchange yesterday, up more than 25 percent this year and more than double what the price was just 14 months ago. That's astonishing given that 1) there has been no new disruption in supplies, 2) the world's largest oil market - the United States - has been relatively stagnant amid economic slowdown"
newsweek.washingtonpost.com/post....html
Also, how oil companies are of course once again raking in unbelievable profit. Politicians are not really concerned over a wide scale recession - ie people losing their jobs - since most corporate profit is perfectly healthy.
"ConocoPhillips, the third-largest U.S. oil company, said first-quarter profit rose 17 percent as crude surged to a record and natural-gas prices advanced."
www.bloomberg.com/apps/news
As usual, a bill with a title that sounds like they are trying to help people out is really a way to convert tax dollars into corporate profits.
"The Senate proclaimed a fierce bipartisan resolve two weeks ago to help American homeowners in danger of foreclosure. But while a bill that senators approved last week would take modest steps toward that goal, it would also provide billions of dollars in tax breaks — for automakers, airlines, alternative energy producers and other struggling industries, as well as home builders."
www.timesargus.com/apps/pbcs.dll/article
Although, there is a threat to slow down arms sales to the "crazy muslim terrorists" by democrats. Not that they will, but it makes a good sound bite.
"Democrats in the U.S. Senate stepped up their attacks on OPEC oil producers on Thursday, threatening to block multibillion-dollar arms sales to suppliers such as Saudi Arabia if they fail to take action to tame record oil prices."
www.guardian.co.uk/feedarticle
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Re: Food Riots begin
Fri, April 25, 2008 - 6:36 PM>>>I hate to say I told you so, but we loony liberals have been talking about this happening since the fucking 1970's and fat americans laughed and continued to pump their un-needed SUVs with peaked out oil.<<<
Do you think they gave a damn in the first place?!
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Re: Food Riots begin
Fri, April 25, 2008 - 7:22 PMin california during the 1970's we were all worried about inflation and many people were being taxed out of their homes before proposition 13 came into effect. it took about 1-2 hours to get through the lines to put gas in the car. i can't say i remember any laughing and none of us were/are fat. it's different now, it looks like things are difficult and expensive for people everywhere.
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Re: Food Riots begin
Sun, May 4, 2008 - 7:04 PMBird Flu, Rice and Gas Guzzling www.huffingtonpost.com/laurie...88.html
excerpts taken from the article listed above
Posted April 28, 2008
The extremely virulent H5N1 avian flu virus hit Bangladesh in 2006, and has now swept over the nation, becoming entrenched in every district and farm of the land. It has likewise spread the length of the great Ganges region, plaguing poultry across eastern India and Pakistan, and driving the price of eggs and protein to levels never previously seen in the region, even in times of war. The nation of Bhutan, which gets al of its chicken and dairy products from India, has ceased importation because of bird flu. A colleague who was just there tells me a single egg costs 25 cents, if one can be found - a hefty price for protein in a country where average rural household income is merely 50 cents a day.
There's nothing "potential" about it for Bangladesh, where the Ministry of Agriculture reports that rice cost about 18 taka (the local currency) per kilo in October 2006, and 36 taka/kg this month. In Rahman's calculus this means that villagers, who earn about 100 taka/day for a family of five, must now spend 80 taka daily simply for rice, "which leaves no room to buy chicken." Or much of anything else, for that matter.
Demand is down, even as the costs of producing chickens and eggs are skyrocketing thanks to avian flu. The impact goes far beyond the price of a sack of rice or a dozen eggs: The very structure of the country's agricultural economy is being reshaped, threatening both local diets and development programs. This should matter to Americans, not only because we care about the survival of people all over the world, but also because Bangladesh has been a major recipient of our foreign aid and development money since the nation separated in a civil war from Pakistan in 1971. Among Islamic nations Bangladesh ranks as one of America's best friends.
The key reason this region is hard hit by bird flu is rice production. The landscape is dotted by rice paddies, mostly subsistence-scale family operations. And those paddies are homes to ducks, which carry the H5N1 virus without harm to themselves, passing it in their feces into the water. The more land goes into rice production, the greater the duck-borne spread of bird flu. It is a vicious cycle, with poor countries unable to produce or purchase adequate rice to feed their people, who try to compensate by growing more rice for their family consumption, which in turn provides more habitats for ducks, thereby worsening the chicken crisis, resulting in severe protein deficiencies throughout rural regions.
Local analysts say half the Bangladeshi population is now living half-starved, every day.
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Now there is a global food shortage starting.
Mon, May 19, 2008 - 1:22 AMWhat I find funny about our global food shortage is that there are many poor in the developing world who have no access to markets, much less capital to use idle land to produce commodities through geographic advantage.
If there is a true shortage, then there should be no poverty in nations that have a geographic and labor advantage to produce the commodities in demand, yet there is.
What is needed is more cooperation. I have briefly talked about a plan to boost global food production. It involves US farmers working with African village co-operatives. The farmers enter a program like the Peace Corps called the Farm Corps. They teach the villagers how to run a large capacity farm. The money is loaned to the American Farmer from subsidy money. The American Farmer manages the farm until the money is paid back, or until and contract establishes. The farmer then still receives 30% of the revenues for contractual periods of time.
Many smaller farmers that have the capacity of large output in a developing nation are bought out by huge farming corporations looking for larger subsidy money. Many of these farmers sit idle living off their payoff money in economically unstable times with a steadily devaluating currency amidst rising inflation. It would make sense for them to not be idle, but retain a position in a market they can easily dominate. Considering the village co-operatives would get 70% it is a fast track to poverty reduction on the village level, increased disposable income of idle American farmers, while at the same time putting more agricultural commodities in the global market. If the government is impotent, the private sector needs to step up.
This is pretty cool:
The Corporate Council on Africa Announces CME Group as Sponsor of 2008 U.S. - Africa Agribusiness Forum in Chicago, June 25-27
Corporate Council on Africa (Washington, DC)
SPONSOR WIRE
12 May 2008
Posted to the web 12 May 2008
CME Group Vice Chairman Charles P. Carey to Deliver Opening Keynote Address.
Global Leaders in Agribusiness Industry to Discuss the Increasing Business Case for Investing in Agriculture & Food Production in Africa
—The Corporate Council on Africa (CCA) today announced that CME Group, the world’s largest and most diverse derivatives exchange and leading agricultural commodities market, will sponsor the 2008 U.S. – Africa Agribusiness Forum to be held in Chicago June 25-27. Charles P. Carey, CME Group Vice Chairman, will deliver the opening keynote address.
Through his address, Mr. Carey will focus on the current state of world agriculture markets as well as the role of commodity exchanges as a forum for price discovery used for economic growth and investment. CME Group is the combined entity formed by the 2007 merger of the Chicago Mercantile Exchange and the Chicago Board of Trade.
“The world food shortage, increasing commodity prices, and the biofuel debate have garnered a tremendous amount of attention from global agribusiness industry experts in the past several weeks,” said CCA President Stephen Hayes. “Commodity exchanges play a significant role in many of these issues, and we are looking forward to Mr. Carey’s remarks on the state of world agriculture markets, commodity exchanges, and increasing economic growth in Africa.”
According to the World Bank up to 80% of Africa’s labor force is engaged in agriculture and agribusiness-related enterprises with a total value of more than $206.7 billion in 2006 in Sub-Saharan Africa. In 2007, agriculture generated more than one-third of Africa’s GDP growth.
“The fundamentals that have come together including increased demand, decreased supplies, weather, corn for ethanol use and the decreased value of the dollar, just to name a few, have created unprecedented conditions that have been reflected in agricultural markets,” said Carey. ”On behalf of CME Group, I am pleased to have this opportunity to talk about the necessity of price transparency and access to global markets with U.S. and African leaders.”
Carey has been Vice Chairman of CME Group since July 2007 and served as Chairman of CBOT since 2003. Previously, he served on the CBOT board of directors for eleven years in various roles, including Vice Chairman, First Vice Chairman and Full Member Director. An independent commodity futures trader, Carey became a member of CBOT in 1978 and is a partner in the firm Henning and Carey.
The 2008 Agribusiness Forum, Investing in Agriculture Links, in Africa is organized by CCA’s Agribusiness Initiatives Program. The forum is expected to attract more than 300 leaders from the private and public sectors in the U.S. and Africa.
The two-day forum will include industry-specific workshop sessions, networking opportunities, and plenary sessions where industry experts will provide the latest, cutting-edge information on various agribusiness issues. Topics for discussion include cross-cutting issues such as financing; commodity trading markets; food security; infrastructure investment to connect African markets; market information systems improvement; product innovation; cash crop production and investment; livestock production and investment; pharmaceutical growth; bio-fuel industry growth; carbon trading; and production technology. Visit www.africacncl.org for more details and registration information.
Other event sponsors include the U.S. Agency for International Development; Novus International, Inc.; Buchanan Renewables; Schaffer Global Group; Illovo Sugar; World Cocoa Foundation; All Africa Global Media; Watt Publishing; African Business; African Decisions; and Corporate Africa.
More information
CME Group ( www.cmegroup.com/ ) is the world's largest and most diverse exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and alternative investment products such as weather and real estate. CME Group is traded on the New York Stock Exchange and NASDAQ under the symbol "CME".
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and E-mini, are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at www.cmegroup.com/ .
The CCA Agribusiness Initiatives Program promotes U.S. private sector involvement in African agriculture, agribusiness, and related activities.
Established in 1993, The Corporate Council on Africa is a nonpartisan 501 (c) (3) membership organization of nearly 200 U.S. companies dedicated to strengthening the commercial relationship between the U.S. and Africa. CCA members represent nearly 85 percent of total U.S. private sector investments in Africa. The organization is dedicated to bringing together potential business partners and to showcase business opportunities on the continent.
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Re: Now there is a global food shortage starting.
Tue, May 20, 2008 - 8:21 PMthis reminds me of O. Henry - not the candy bar.
Banana Republic: en.wikipedia.org/wiki/Banana_republic
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Unsu...
Re: Food Riots begin
Mon, June 2, 2008 - 6:44 AM"I hate to say I told you so, but we loony liberals have been talking about this happening since the fucking 1970's"
Thanks for confirming that you are a looney liberal pinhead but "predicting" we will run out of oil at sometime is not earth shattering. However, your prediction is far from being fulfilled as even you are well aware. We have not reached any midpoint (peak) in oil discovery either as you are asserting. There will be many peaks as challenges are met by technological breakthroughs. The only hinderance is government and wacko environmentalists who want the oil age to end. -
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Re: Food Riots begin
Mon, June 2, 2008 - 5:37 PMyour a fool if you placing you econ bets on "technological advances" that don't exist. -
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Re: Food Riots begin
Tue, June 3, 2008 - 2:51 AMAnother "science disproves and defeats science" gem from Dan, the Master Debater.
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Unsu...
Re: Food Riots begin
Tue, June 3, 2008 - 5:48 AM"your a fool if you placing you econ bets on "technological advances" that don't exist."
I am placing my bet on tech. advances already in existance such as horizontal drilling techniques. You are a fool to discount advances as they have bailed us out time and again. The oil is there. -
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Re: Food Riots begin
Tue, June 3, 2008 - 6:27 PMSlant drilling? Well a ding dang doo! How ingenious!
We should apply these tech breakthroughs to our everyday lives right now!
The next time your broke, reach in you pocket sideways like and magically quarters will appear that weren't there before. -
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Unsu...
Re: Food Riots begin
Wed, June 4, 2008 - 12:14 AM"Horizontal oil and gas drilling has become one of the most valuable technologies ever introduced in the business. It is an enhanced oil recovery (EOR) or gas recovery method that is becoming more and more popular as the price per barrel of oil gets higher.
Unlike a directional well that is drilled to position a reservoir entry point, a horizontal well is commonly defined as any well in which the lower part of the well bore parallels the oil zone. The angle of inclination used to drill the well does not have to reach 90° for the well to be considered a horizontal well. Applications for horizontal wells include the exploitation of thin oil-rim reservoirs, avoidance of drawdown-related problems such as water/gas coning, and extension of wells by means of multiple drain holes."
www.horizontaldrilling.org/
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