(May 14, 2008) As I have pointed out in other news stories, oil prices affect the costs of almost all commodities including food. In Egypt the price of bread is skyrocketing and leading to violence over the increasing costs of food staples. (OPEC Stands Silent While Oil Prices Spark Food Riots In Neighboring Egypt) The article states that ten people have been killed while waiting in bread lines. A three dollar bag of flour costs forty-five dollars on the black market. Thus far, OPEC nations have been unwilling to help out their Arab neighbor. The Bible predicts famines in the End-Times that will cause an upheaval in the global community. Out of this an evil world leader will arise seemingly having the answers to all the world’s problems. With China and India’s population growth and thereby oil consumption increases, it seems unlikely that the oil problem will go away in the long term. This means that the price of commodities will continue to increase and societal unrest will follow in its wake.
Related posts:
- UN Secretary-General calls food price rise a global crisis; biofuels contributing to food shortages?; WSJ: Americans should stockpile food (April 25, 2008) The Secretary-General of the United Nations, Ban Ki-moon, addressed the issue of the rising costs of food, "This steeply rising price of food — it has developed into a real global crisis," (UN secretary-general calls food price rise a global crisis) Another United Nations official noted that...
- Americans hoard food, food rationing, limit rice buying, hungry Japan, era of cheap food ends (April 23, 2008) Worldwide food prices and shortages continue to increase. As a result of this, a Washington Times article states that some Americans have resorted to hoarding food: "Farmers and food executives appealed fruitlessly to federal officials yesterday for regulatory steps to limit speculative buying that is helping to...
- Oil=$200 Gas=$10? (April 28, 2008) According to a report in the New York Sun newspaper, gas prices could rise as high as 10 dollars a gallon the next few years. (Gasoline May Soon Cost a Sawbuck) The article states, "The forecasts calling for a jump to between $7 and $10 a gallon...
- Oil Prices to double by 2012 (April 24, 2008) According to a Canadian study the price of oil is likely to rise to 150 dollars a barrel by 2010 and 225 dollars by 2012. (Oil prices to double by 2012: Canadian study) The article states, "'Despite the recent record jump in oil prices, oil prices will...
- Worldwide famine in the near future? (April 18, 2008) The last couple of months global food prices and shortages have been in the news. The price of the world's food staple, rice, is soaring to all-time highs. (Jump in rice price fuels fears of unrest) Rising prices affect over 2.5 billion people in Asia alone. Egypt...
- Leaders want to restructure world’s economic system (November 15, 2008) According to the Washington Post the Group of 20 nations (G20) agreed today to restructure the economic systems of the world over the next year. (World Leaders Agree to Sweeping Economic Plan) This agreement "would reshape international financial institutions and overhaul worldwide regulatory and accounting rules." The...
- World feels oil pressure and crisis (June 8, 2008) In a May 31 article the British newspaper, The Independent, enumerated the problems the world is facing because of the oil crisis. (Shocked! How the oil crisis has hit the world) The article reports on the situations various segments of societies around the world are experiencing, "British...
- Foreclosures a sign of hard economic times ahead? (March 11, 2008) USA Today reports that home foreclosures are having a rippling effect on the U.S. economy. (Foreclosure crisis has ripple effect) The foreclosure crisis in the U.S. is spreading to other areas of American society. According to this USA Today article: "The mortgage foreclosure crisis has caused a...
- October Updates: Economic Crises, Antichrist, Russia and Israel (October 12, 2008) According to the September 25th Financial Times the United States will lose its superpower status. ("US ‘will lose financial superpower status’")...Russia continues to assert their military strength after invading Georgia and making arms deals with Venezuela. Now they have test-fired long-range ballistic missiles. ("Russia test-fires ballistic missiles")...
- EU presidency: US stimulus is ‘the road to hell’ (March 25, 2009) This recent headline may be more prophetic than the leader who said it realizes: EU presidency: US stimulus is 'the road to hell' Czech Prime Minister and current President of the European Union Mirek Topolanek declared, "All of these steps, these combinations and permanency is the road...
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Tags: Antichrist, famine, Revelation