Forrest suggested that capacity building in Australia may see supply outpace demand in the near term.
via Forrest sees supply of iron ore outstripping demand | The Australian.
Today’s segment on CCTV’s Dialogue touched on the commercial viability of China’s west. One of the guests suggested that high speed rail was helping to level the playing field while another posited that high speed rail detracts from the development of other, more important infrastructure projects. It raises the question, is there a practical limit to how far raw materials and goods can be transported profitably? What alternate routes are of interest? What are the ideal goods to produce based on locally sourced raw materials? What is the carbon footprint (or the real cost) of goods requiring long transport routes?
“…The ministry aims to control losses from the outbreaks to less than five percent. Earlier, the wheat crop in China, the world’s largest consumer, has been hit by drought, although irrigation has helped improve soil moisture….”
via China reports wider outbreak of wheat diseases | Reuters.
Where is science going to take us in the next 50 years?
How Is Argus™ II Designed To Produce Sight?.
“Unfortunately, the chart is profoundly misleading. Its use of different scales on the vertical axes and decision to show changes only since 2000 gives a grossly distorted view of co-movements in commodity prices and industrial output.”
via FT Alphaville » John Kemp dismantles the commodities vs global demand chart.
Anadarko Petroleum has considered seizing the foreign assets of Sonatrach to enforce judgment if the US group wins a $3bn claim against its Algerian partner over the country’s windfall tax on oil.
The North African country introduced a tax on exceptional profits in 2006, levying half of foreign operators’ revenues whenever the oil price exceeds $30 per barrel. Anadarko argues this tax – which it says cost it $193m last year – violates an agreement it signed with state-owned Sonatrach in 1989. An arbitration hearing on the dispute is planned in Paris in June
via FT.com / Companies / Oil & Gas – Anadarko considers Algeria assets seizure.