EYE on the World - Climate Troubling Times

Bee-ware: 

Climate Impacting Troubled Global State of Affairs 

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NOT GOOD: Global Heat Wave Hits Fourth Record

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-Breaking Month

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A Song Of Fire And No Ice: We Just Had Our Fourth Record-Breaking Hottest Month In A Row This Year

A record fire-storm in Canada fueled by record warmth. Record ice-melt in Greenland and the Arctic sea, driven by off-the-charts warmth in the far north. And, NASA reported Friday, we’ve just been through the hottest April and the hottest January-April on record — by far.

Last month smashed the record for hottest April, as this chart of NASA data (via Rahmstorf) above shows:

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Unprecedented Collapse of 

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Venezuela Imminent

Political and financial crisis deepens with pressure on president Nicolas Maduro to stand down

Venezuela on the brink of collapse

The political and economic crisis in Venezuela is continuing to deepen, with protesters taking to the streets of Caracas to demand that socialist president Nicolas Maduro resign.

"A large, seemingly wealthy, apparently modern and resource-rich country is on the brink of collapse, financial default and, potentially, a humanitarian crisis," says the Financial Times.

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Yemen: Another Country Facing Starvation

  Geo-Political Climate News

KEY MESSAGES

• The food security and nutrition situation in Yemen will turn into a humanitarian disaster unless urgent funding is accessible for FAO to timely deliver the inputs needed to: meet the April/May cereal and vegetable planting season and the summer fishing season; and vaccinate livestock in time for winter.
  

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  Economy Tanking BIG Time

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• Undeniable Evidence That The Real Economy Is Already In Recession Mode

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• You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown.  In the “real economy”, stuff is bought and sold and shipped around the country by trucks, railroads and planes.  When more stuff is being bought and sold and shipped around the country, the “real economy” is growing, and when less stuff is being bought and sold and shipped around the country, the “real economy” is shrinking. 
  

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• Financial Troubles Stir Saudi Arabia

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  Saudi Arabia’s Credit Rating Lowered  

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• While strong when compared with other sovereign credit ratings, Saudi Arabia’s fiscal health remains under threat from low oil prices, Moody’s said. Moody’s Investors Service said the drop in crude oil prices, off more than 50 percent since the middle of 2014, has undermined the economy and finances for Saudi Arabia. As a result, the long-term rating for the country was lowered 

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"Where Have All the Bees Gone?"

Nation’s

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Beekeepers Lost 44 Percent of Bees in 2015-16

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Summer losses rival winter losses for the second year running

Beekeepers across the United States lost 44 percent of their honey bee colonies during the year spanning April 2015 to April 2016, according to the latest preliminary results of an annual nationwide survey. Rates of both winter loss and summer loss—and consequently, total annual losses—worsened compared with last year. This marks the second consecutive survey year that summer loss rates rivaled winter loss rates. 

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Unprecedented Collapse of #Venezuela Imminent

Political and financial crisis deepens with pressure on president Nicolas Maduro to stand down

Venezuela on the brink of collapse

The political and economic crisis in Venezuela is continuing to deepen, with protesters taking to the streets of Caracas to demand that socialist president Nicolas Maduro resign.

"A large, seemingly wealthy, apparently modern and resource-rich country is on the brink of collapse, financial default and, potentially, a humanitarian crisis," says the Financial Times.

There has been little intervention from foreign powers, which should have "every interest" in encouraging a stable outcome in a country with the world's largest oil reserves, the newspaper reports.

Desperation

Venezuela's crumbling economy has been hit hard by plummeting oil prices, with the country suffering triple-digit inflation, as well as chronic medicine and food shortages that have sparked riots.

The Week

This S&P 500 Death Cross’ Could Be The Real Deal  

This “statistically significant” death cross has only happened twice is the past two decades, Laidi points out. The first took place in 2001 and was followed by a 37 percent decline in the index, while the second pattern occurred in 2008 and preceded a 48 percent drop.

Four hundred miles with Tesla’s autopilot forced me to trust the machine  

As we pulled back into the showroom (or whatever Texas’ insane dealership protection laws demand Tesla call the places it’s not allowed to sell or service vehicles), I told the rep that I was driving to Austin soon; Autopilot would be just the thing for the long stretches of empty road out on I-10 and TX-71. Without missing a beat, she offered me a loaner Model S.

Germany Just Got Almost All of Its Power From Renewable Energy  

Countries around Europe are building increasing amounts of renewable capacity in order to reduce their carbon emissions and boost supply security. Last year Denmark’s wind farms supplied 140 percent of demand, while the U.K. had no coal-fired power stations meeting electricity demand for about four hours on May 10 as a result of plant breakdowns

Predictions for the Change in Oil Price Through to 2017 

After a dismal start to the year, oil prices staged a partial recovery, with dated Brent Blend, the global benchmark, rising by almost 70% from a 13-year low of US$26/barrel in January to US$44/b on May 10th. The rally was driven in part by stronger economic data from China and robust gasoline demand in the US: Economist Intelligence Unit . On the supply side successive supply disruptions (in Nigeria, Iraq, Kuwait, Libya and Canada) have also provided support, as has falling US output. The broad recovery in wider financial markets, coupled with a modest weakening of the US dollar, has also boosted sentiment towards oil. In April oil futures prices also pointed towards a nearing rebalancing of the oil market, as the contango (a situation where the oil price for future delivery is higher than the spot price) narrowed across all maturities. Although recent price developments have tilted risks […]

  peakoil.com