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Reuters, Sun 13 Feb 2022
... Hong Kong authorities said supplies of vegetables and chilled poultry to the global financial hub may be temporarily disrupted after some mainland goods vehicle drivers preliminarily tested positive for Covid-19.
Hong Kong imports 90% of its food ...
https://www.theguardian.com/world/2022/ ... g-outbreak
Low Oil Inventories Suggest Imminent Supply Deficit
The European gas crunch began when it emerged that the continent's gas inventories were running unseasonably low in the autumn. The whole world saw what this started.
Now, it's global inventories of crude oil that are running low.
Earlier this month, Morgan Stanley said it had calculated that observable crude oil inventories globally shed some 690 million barrels in 2021 and were now at the lowest in more than five years.
"However, with a constructive demand forecast and relatively cautious expectations for Opec+ supply, we expect inventories to end 2022 lower still," the investment bank said, as quoted in an Argus report from earlier this month.
Then, also this month, the International Energy Agency reported on a gap between its global inventory calculations and the actual inventory situation. According to the report, global crude oil inventories had declined by 200 million barrels more than the agency had estimated they would.
One reason for the mismatch was a substantial underestimation of crude demand. Another reason, according to a Bloomberg report, was the fact that the IEA tracks oil by satellite and excludes crude in pipelines and underground storage. Yet another reason was that the IEA tracks mostly OECD countries and ignores non-members.
What this means, however, is that there may very well be a lot less oil in the world at a time when demand is robust, still growing, and Covid restrictions are being lifted, stimulating yet more demand. It looks suspiciously like a repeat of the European gas situation from the past few months.
MacCruiskeen » Sun Feb 13, 2022 4:39 am wrote:..Just imagine if Gates, Schwab, Biden, Trudeau and all the other wise Philosopher Kings who rule us, rob us, exploit us, terrorise us and lie to us had instead condescended to tell us the truth about real threats such as peak oil, soil depletion, state terrorism, big pharma, mechanised medicine, and the CIA...
MacCruiskeen » Sun Feb 13, 2022 11:44 am wrote:Imagine the improvement in public health and happiness if people had instead been permitted and encouraged to create community gardens, just for instance.
alloneword » Sun Feb 13, 2022 3:04 pm wrote:So I'm not sure it's just a question of being 'permitted and encouraged'. There are opportunities, and if not, they can be made. I see a lack of will, perhaps motivation.
alloneword » Sun Feb 13, 2022 12:05 pm wrote:Hell, yeah.
It could be called 'Diggers With Attitude'.
& the first episode: 'Straight Outta Compost'?
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