Word: oiled
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...absence of a consensus on fighting the militants compounds Zardari's difficulties in tackling the economic crisis he inherited - a crisis that, in turn, threatens to deepen the militant challenge. Rising world oil and food prices have sent the inflation rate soaring to 25% (and as much as four times that on basic foodstuffs), while the political uncertainty over the past 18 months fueled extensive capital flight that has weakened the rupee and depleted forex reserves. A failure to increase the capacity of electricity production now plunges Pakistan's main cities into darkness for up to ten hours...
...Several oil analysts - who predicted earlier this year that oil would reach $200 by year's end - have recently said that oil could drop to $50 a barrel. Merrill's Blanch had oil pegged at $90/bbl for 2008 last month, but he can easily see $50/bbl if there's a global recession. That could be more welcome news for drivers next year. "That's where you could see people use that disposable income to do things like go on vacation," says Medlock. That's assuming they have a job to get away from. But one thing low oil prices...
Wilcove then discussed the harmful effects of oil palm cultivation on bird and butterfly populations in Borneo. His studies found that the conversion of forestland into plantations caused huge drops in biodiversity...
...want to choose one development that is likely to cause the greatest number of species to reach endangerment or extinction in the next twenty years, it is the oil palm,” said Wilcove, who teaches biology and ecology courses at Princeton...
Armed with a host of colorful land distribution charts and photographs from his research, Wilcove discussed the biodiversity-friendly methods of pastoralism and planned burning in Kenya, and contrasted them with the disastrous effects of oil palm cultivation in Borneo...