Archive for March, 2011

Indonesia’s Largest Palm Oil Producer Sees Profits Double on Rising Prices

Jakarta Globe: Golden Agri-Resources, the world’s second-largest palm oil producer, said fourth-quarter profits more than doubled as prices for its main product jumped to record highs and its assets gained in value. Net income increased to $1.17 billion for the quarter ending on Dec. 31, compared with $473 million a year earlier, the Singapore-listed Indonesian company said on Monday. Profit, excluding gains from asset value upgrades and currency exchange gains, jumped 124 percent to $146 million. Sales rose...

Scientists warn of water woes

Independent: Demand for water in agriculture and energy production could spike in the coming decades while catastrophic floods and droughts strike more often, a water conference in Canada is to hear this week. "At unpredictable times, too much water will arrive in some places and too little in others," said Zafar Adeel, chair of UN Water which coordinates water-related efforts of 28 United Nations organizations and agencies. Within a generation, water demand in many countries is forecast to exceed supply...

Dry lake reveals evidence of southwestern ‘megadroughts’

ScienceDaily: Dry Lake Reveals Evidence of Southwestern 'Megadroughts' There's an old saying that if you don't like the weather in New Mexico, wait five minutes. Maybe it should be amended to 10,000 years, according to new research. In a letter published recently in the journal Nature, Los Alamos National Laboratory researchers and an international team of scientists report that the Southwest region of the United States undergoes "megadroughts" -- warmer, more arid periods lasting hundreds of years or longer....