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Signs build that Iran sanctions disrupt food imports

KUALA LUMPUR/TEHRAN (Reuters) - More evidence emerged of the crippling impact of new sanctions on Iran, with international traders saying Tehran is having trouble buying rice, cooking oil and other staples to feed its 74 million people weeks before an election. New U.S. financial sanctions imposed since the beginning of this year to punish Tehran over its nuclear program are playing havoc with ...

Has Petroleum Production Peaked, Ending the Era of Easy Oil?

Despite major oil finds off Brazil's coast, new fields in North Dakota and ongoing increases in the conversion of tar sands to oil in Canada , fresh supplies of petroleum are only just enough to offset the production decline from older fields. At best, the world is now living off an oil plateau--roughly 75 million barrels of oil produced each and every day--since at least 2005, according to a ...