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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (41635)	7/29/2013 8:24:28 PM
From: FJB	1 Recommendation Recommended By Brumar89 Read Replies (1) \| Respond to of 86356

Alwaleed warns of US shale danger to Saudi July 29, 2013 7:23 pm By Ajay Makan in London and Abeer Allam in Abu Dhabi Prince Alwaleed bin Talal, the billionaire Saudi Arabian investor, has warned that his country’s oil-dependent economy is increasingly vulnerable to competition from the US shale revolution, setting him at odds with his country’s oil ministry and Opec officials. In an open letter addressed to Ali Naimi, the Saudi oil minister, the prince called on the government to accelerate plans to diversify the economy. ... Oil revenues account for 92 per cent of the state budget, according to Prince Alwaleed, and accounted for almost 90 per cent of the country’s export revenues according to Opec. Opec officials have sought to play down the threat posed to the kingdom from surging North American oil production, which saw US imports from Opec members tumble to a 15-year low last year. Despite falling US imports, the cartel saw a record windfall of $1.26tn from petroleum exports last year, according to data published by the organisation today. But the International Energy Agency forecasts demand for crude Opec to fall sharply over the next five years “The world is increasingly less dependent on oil from Opec countries including the kingdom,” Prince Alwaleed wrote. Speaking in Washington in April, Mr Naimi, who has been the country’s oil minister for almost 20 years, welcomed increased American output as a stabilising influence on global oil prices. He also pointed out that Saudi crude exports to the US actually increased in 2012. That is largely because US refiners have not been able to replace the kingdom’s heavy and sour crude oil. But Prince Alwaleed rejected Mr Naimi’s assessment, although he focused on rising US gas output rather than the country’s crude oil production, which saw its single largest annual increase ever last year. “We disagree with your excellency on what you said and we see that raising North American shale gas production is an inevitable threat,” Prince Alwaleed said. ... ft.com

To: Brumar89 who wrote (41635)	7/30/2013 2:31:01 AM
From: Maurice Winn	2 Recommendations Recommended By Brumar89 Tobias Ekman Read Replies (2) \| Respond to of 86356

I find insects are delicious and nutritious. Worms too. But the way I prepare them is process them through a hen then heat the eggs in different ways, or even eat them raw in milkshakes. Eggs make excellent additions to other foods such as bread, pancakes, salads, rice-muck [patented mixture of rice with all sorts of vegetables, grape-seed oil, flaked yeast, cheese, iodized salt]. Hens love eating insects and worms. Mqurice