Tag Archives: oil prices

Nairobi food protests

Kenyan police have fired tear gas to disperse hundreds of people demonstrating against the soaring cost of food.

Protesters in the capital Nairobi carried placards demanding the government cut the cost of basic Kenyan staples like maize flour. The police said the demonstration was illegal and four arrests were made.

Food prices in the east African country have risen sharply since the recent political crisis led to shortages. December’s disputed presidential election triggered violence across Kenya, leaving 1,500 people dead and some 600,000 people displaced.

Let’s wait, we might see food clashes all around the world with the speed oil prices increase!

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Filed under politics

Europe fuel protests

Fuel protests triggered by rising oil prices have spread to more countries across Europe, with thousands of fishermen on strike.

Union leaders said Portugal’s entire coastal fleet stayed in port on Friday, while in Spain, 7,000 fishermen held protests at the agriculture ministry. French fishermen have been protesting for weeks, with Belgian and Italian colleagues also involved.

UK and Dutch lorry drivers held similar protests earlier this week. The strike reflects anger at the rising cost of fuel, with oil prices above $130 a barrel. Trade unions say the cost of diesel has become prohibitively high, after rising 300% over the past five years. Wholesale fish prices, meanwhile, have been static for 20 years.

They drive the European family is a bankruptcy and they are doing nothing to help! In the end EU is going to be European penniless!

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Filed under economy, enviroment, politics

Indonesia pushes up fuel prices

The Indonesian government has raised fuel prices by nearly 30%, prompting fears of widespread unrest.

Several hundred students protested against the move, clashing with police at Jakarta’s national university. More than 100 people were arrested. The government is struggling to meet the cost of fuel subsidies as global oil prices escalate.

But it has put into effect a cash handout scheme worth $1.5bn to try to cushion the effect for the most needy. Malaysia is also considering overhauling its subsidy system, and Taiwan has decided to end a freeze on petrol prices in June.

They don’t have enough rice and now they will lose the oil?

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Oil’s record …above $126

Oil rose above $126 a barrel for the first time, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member.

Not only to US but to the whole world and let’s see how much will cost milk in my neighborhood next week!

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Filed under enviroment