Unfortunately, the petroleum industry in the USA has control over a segment of USA resources. The investments are a liability that could cause them more costs if left unexploited. Currently, the American petroleum industry continues to renew leases that have never been used and most probably won't be.
The global community is setting it's sites on the problem of the climate crisis. That community is powerful in that it is correct in all it's scientific findings and it's identity of countries of most concern for people to survive this increasingly dangerous troposphere.
Recently, we have seen some of the strong storms in the Pacific increase the number of refugees in Bangladesh and account for enormous damage to the land of Myanmar. (click here)
March 13, 2017
Tropical Cyclone Enawo, (click here) which hit northeastern Madagascar on Tuesday, has killed 50 people, authorities said over the weekend. At least 20 are missing.
The island nation's disaster management agency on Sunday said that the cyclone has driven 110,000 people from their homes and that at least 183 people were injured....
April 24, 2017
By Emiko Terazono
The price of vanilla (click here) has soared to a record high as Madagascar, the world’s top producer of vanilla beans, grapples with damage wrought by a cyclone.
Used in ice cream, chocolate and perfume, vanilla pods are trading at an all-time high of $600 a kilogramme, according to Craig Nielsen of US vanilla and flavourings group Nielsen Massey.
Premium (click here) Madagascar Vanilla Beans 1/4 lb (26-30 beans) JR Mushrooms Brand
Wall Street isn't going to survive the climate crisis without support from the USA to other countries unable to protect from it.
Prices for vanilla, which is not traded on an exchange, had already surged over the past year thanks to speculative hoarding and rising demand as more consumers shun artificial flavourings and ingredients. The price climbed from about $100 a kg in 2015 to $450-$500 at the start of this year.
“Inventories were already depleted, and now we have the damage caused by the cyclone,” said Mr Nielsen. “It will be a tough time [for the vanilla market] for the next couple of years.”
It was a view echoed by Lawrence Kurzius, chief executive of McCormick, the US spice and food ingredients company. He told investors at the company’s first-quarter results that he sees this “high vanilla pricing continuing certainly well into 2018”.
Madagascan vanilla under guard last May. Prices had already surged due to speculative hoarding and rising demand
I hate to tell anyone "I told you so." But, I'll say it every time.
There is no hiding from the climate crisis no matter how many billionaires are involved. No one expected Ebola to ever arrive in the USA, but, it dead. Zika is still alive and well.
February 11, 2017
By Rebecca Leber
...Twenty governments commissioned (click here) an independent report in 2012 from the group DARA International to study the human and economic costs of climate change. It linked 400,000 deaths worldwide to climate change each year, projecting deaths to increase to over 600,000 per year by 2030. When scientists attribute deaths to climate change, they don't just mean succumbing to a heat wave or, as Huckabee put it, to sunburn. Heat waves kill many, to be sure, but global warming also devastates food security, nutrition, and water safety. Since mosquitoes and other pests thrive in hot, humid weather, scientists expect diseases like malaria and dengue fever to rise. Floods threaten to contaminate drinking water with bacteria and pollution....
February 11, 2017
By Rebecca Leber
...Twenty governments commissioned (click here) an independent report in 2012 from the group DARA International to study the human and economic costs of climate change. It linked 400,000 deaths worldwide to climate change each year, projecting deaths to increase to over 600,000 per year by 2030. When scientists attribute deaths to climate change, they don't just mean succumbing to a heat wave or, as Huckabee put it, to sunburn. Heat waves kill many, to be sure, but global warming also devastates food security, nutrition, and water safety. Since mosquitoes and other pests thrive in hot, humid weather, scientists expect diseases like malaria and dengue fever to rise. Floods threaten to contaminate drinking water with bacteria and pollution....
