Post Oil Perth

Wow!

Did you hear the news this morning? International banker Goldman Sachs has come out with a report that predicts the price of oil could rise to between $150 and $211 a barrel by October this year! (It's currently $US123 a barrel).

Check out the story here: http://www.bigpond.com/news/business/content/20080508/2238730.asp

Photo: Food Riots in Haiti

The Transport industry in Australia is predicting a crisis in transport costs and food prices that will ultimately have to be passed onto consumers.

Geologist Dale Allen Pfeiffer claims that the coming decades could see spiraling food prices and massive starvation on a global level such as never experienced before. He describes the scenario we are heading for in detail in his article "Eating Fossil Fuels" which you can see at http://www.mnforsustain.org/oil_eating_fossil_fuels_pfeiffer_d.htm

You can also view a news video on current food riots occurring now in 33 countries around the globe at http://www.youtube.com/watch?v=tAtyjrehu94

Food production is already heavily dependent on massive fossil fuel inputs - for each calorie of food produced, nine are used - as fertilizer and pesticides, transport and of course diesel. Rising oil prices are also seeing the use of food crops for biofuels - an additional factors driving a dramatic increase in the global price of cereals, a trend which is set to intensify.

What is more, high oil prices not only influence the food system, they influence the entire economy and virtually all of its industrial, agricultural and service sectors - thousands of manufacturing, transportation, and industrial processes, all set to become more expensive.

Better get those fruit trees in now guys!!!