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We saw that oil prices are now back above $100 a barrel. Most unfortunately, food prices are also increasing, and this is a problem for the poorest populations of the globe, and this includes Egypt, the world biggest wheat importer.
As the leading blog Climate Progress noted recently : ” Leading experts, reported in the media, have made the case that high food prices are one of the triggers of MidEast unrest. “
Among the causes are the increased demand – Mankind will comprise seven billion people by year end – rising oil prices and climate change as it damages or decreases the harvests…
To the AFP news agency : ” Brent crude rose on Tuesday, holding above $101 on fears that worsening turmoil in Egypt could disrupt supply flows through the strategic Suez Canal, analysts said. “
It had been more than two years than oil didn’t reach such levels. This happens as I read yesterday an interesting post : The Peak Oil Catastrophe-in-Waiting on GreenTech Media.
The author urges the United States to decrease fast their huge oil consumption as peak oil is nearing or behind us (nearly a quarter of the global production is siphoned by the country). Continue »
To the AFP : ” Egypt announced on Wednesday it would build its planned nuclear powerplant on the Mediterranean coast of el-Dabaa which it hopes will start production in 2019, the state news agency MENA reported. “
” Egypt has already used several foreign companies as consultants, including Areva and Westinghouse Electric Co. (this) plant would be followed by three other reactors, tentatively scheduled to start production in 2025. “
This would be the fourth country in the region to build nuclear reactors. Meanwhile, the country is also willing to develop renewable energies such as wind and solar. Continue »




