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African Food Riots Spread To Persian Gulf As Oman Is Next; Adverse Implications For Oil Prices?

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Tue, 01/18/2011 - 12:33 | 884175 Ragnarok
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I don't think there is such thing as a poor Emirati.  The only poor in the UAE are the workers from India/Pakistan and if they riot they will be jailed then deported.

Tue, 01/18/2011 - 12:33 | 884208 hedgeless_horseman
hedgeless_horseman's picture

I have first-hand knowledge that Mexico isn't far behind.  Plan accordingly, friends.

Tue, 01/18/2011 - 12:35 | 884216 JW n FL
JW n FL's picture

its not just mexico... Pirate activity in the Carribean is up... and not the normal tax free kind.

Tue, 01/18/2011 - 14:00 | 884440 Ahmeexnal
Ahmeexnal's picture

That would not be any news. Castro big mouthed months ago about "trouble" in Mexico, and his puppet (and a Rockefeller puppet by proxy) Obrador instantly replied by showering Castro with adulation. He compared Castro to FDR. Yes, to the eugenist, traitor FDR. It's no secret that Castro has a vast network of his operatives in Mexico. They entered Mexico as refugees on rafts and were later "taken" from custody by masked thugs at gunpoint. Castro's (and the power elite's) plan will fall apart. BTW, the big cartels creating all the trouble in Mexico are also nothing more than lowly employees of the global power elite.

Tue, 01/18/2011 - 14:20 | 884493 66Sexy
66Sexy's picture

i always thought the drug cartels were CIA..


RE: oil prices -- enough with the boring as shit oil speculation trade; its more crowded than the paris RER red line

Tue, 01/18/2011 - 14:35 | 884548 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

Billions of Asian citizens chasing higher food prices....Floods in Australia...now add Mexico/Caribbean, Africa, Oil States chasing higher food prices.

What you have left is....the safest quadrant in the world...Canada's four Western Provinces having a plethora of natural resources/food w/ only 12.5 million citizens.

Led of course, by Vancouver BC, it's gateway city.

Which is why so many Asians have been relocating to Hongcouver, Canada's Geneva of Switzerland.


Tue, 01/18/2011 - 14:41 | 884574 JW n FL
JW n FL's picture

Mexico? Cartel(s).. where do they grow thier dope? what countries do they control outside of that dust bowl (save valle de bravo, http://en.wikipedia.org/wiki/Valle_de_Bravo,_Mexico_State).


Mexico and cartel go together like... Carribean and heavily taxxed...


so, in mexico... you have mules... and mules are great workers, tuff even... but a mule is just a strong willed jackass by any other name... so what you mean to say is that the transportation people are fighting amongst themselves becuase they took on a bi-lateral roll in the drug trade... drop off and pick up. fuck, i wonder if my dry cleaners will be considered a cartel, one day soon... price war bitches! starch half off!


Tue, 01/18/2011 - 15:47 | 884794 anonnn
anonnn's picture

Inspect your map. See the US Navy-Marines flotilla ready top pounce on Iran?

Think it's only coinkydink that Kingdom of SA, world's largest oil exporter is surrounded? 

Tue, 01/18/2011 - 16:31 | 884950 johngaltfla
johngaltfla's picture

Once you leave the capitol region (Muscat) and head into the tribal zones, it's very poor. They know no other way of life. Thus why the Dhofari rebellion gave the monarchy hell until the Communists abandoned support and the Sheiks agreed to pay them off for peace.

Tue, 01/18/2011 - 12:27 | 884182 whatz that smell
whatz that smell's picture

corn bitchez!

Tue, 01/18/2011 - 13:03 | 884265 DoChenRollingBearing
DoChenRollingBearing's picture

Paper food ETFs are on a roll.

DBA (a variety of foods)

CORN (3 guesses...)

Tue, 01/18/2011 - 13:21 | 884323 Eternal Student
Eternal Student's picture

Heard on Wall Street:

"Let them eat ETFs."

Tue, 01/18/2011 - 16:13 | 884898 Cash_is_Trash
Cash_is_Trash's picture

Wouldn't that be amaizeing?

Wed, 01/19/2011 - 01:42 | 886489 Moonrajah
Moonrajah's picture

No, that's just corny.

But, mind you, anything WallSt sugarlips say, you should take with a grain of salt. Unless you have cotton in your ears.

Tue, 01/18/2011 - 12:29 | 884189 Captain Kink
Captain Kink's picture

And look at feeder cattle here in the US futures.  These moves are to permanently higher levels...on the permanently lower dollar.

Tue, 01/18/2011 - 13:02 | 884260 Bay of Pigs
Bay of Pigs's picture

Mish says meat is the same price it was 5 years ago. No inflation anywhere.

Tue, 01/18/2011 - 13:33 | 884356 walküre
walküre's picture

soilent green is people!


Tue, 01/18/2011 - 13:58 | 884434 tmosley
tmosley's picture

Mish doesn't understand that farmers are slaughtering their herds because they can't afford to feed them.  Meat prices will rise dramatically in the next 6-12 months.

Tue, 01/18/2011 - 15:00 | 884538 cowdiddly
cowdiddly's picture

Exactly, Mish does not understand that most ranchers are not in the business for recreation and exercise. Lots of complete herd liquidations as operators are thowing in the towel. 90 cent beef and diesel north of three dollars is a losing game. Not to mention sky high equipment grain and maintenance costs. 

As the herd count dwindles lower it cannot bounce back immediately when conditions become more favorable. Animals must be kept 2 years minimum to reach breeding age  and then 9 months before a new calf is born making it three years before you have another animal available for herd expansion. Then an additional year from birth to feedlot finishing before a product is available at the meat counter.

Cargill and Excel want to keep all the profits for themselves and seem to believe that ranchers will just carry on at a bare minimum. Look out for higher prices for at least 4 years even if conditions improve. Cattle futures years out are going to be better than cotton or gold. Hope you like chicken.

Tue, 01/18/2011 - 15:13 | 884679 Captain Kink
Captain Kink's picture

thanks, cowdiddly, I sold this morning.  I had the 132 calls on March FC.  I do not know as much about the beef market as you obviously do.  I was just playing the breakout to all time highs from a couple of weeks back.  So you think this is likely to continue?  How much should futures a year out be trading relative to front month?  Do you know of any worthwhile blogs on the subject?

Tue, 01/18/2011 - 15:47 | 884795 Caviar Emptor
Caviar Emptor's picture

Check cattle futures prices to see what's coming. 

Tue, 01/18/2011 - 12:29 | 884190 Misean
Misean's picture

Poor, unemployed serfs rioting?!?! Don't they have food cards and Dancing with the Stars?

Tue, 01/18/2011 - 13:07 | 884277 Sudden Debt
Sudden Debt's picture

The delaying of the local Ipad launch might have something to do with it.

Tue, 01/18/2011 - 12:29 | 884191 Oh regional Indian
Oh regional Indian's picture

These are still rich states with small populations. Slow to burn. Plus, when it is so hot for half the day, protesting becomes a drag.

India/China/malaysia/Thailand/Pakistan...now these are countries to watch. Very volatile populations, high population density and many living near poverty line anyways. Very easy to roust.

ben Ali, of Tunisia fame, trained as a policeman in the US. Amusing little tid-bit, that. Maybe at the School of the Americas?



Tue, 01/18/2011 - 12:40 | 884225 AnAnonymous
AnAnonymous's picture

ben Ali, of Tunisia fame, trained as a policeman in the US.



Tue, 01/18/2011 - 13:05 | 884266 Dingleberry Jones
Dingleberry Jones's picture

They are rich, but the rich are the vast minority. Hell, in many of those oil states, CITIZENS are the vast minority.

If the foreign slaves, er laborers, ever get pissed off enough, these countries are going to have a serious problem.  It would spread like wildfire, and governments would have a very difficult time to reigning a laborer riot in. The laborers in some places (particularly the UAE members) outnumber citizens by 2 or 3 to 1. It's insane. And you know most of those citizens are fat and lazy off of their oil money.

These states have oppressive slave labor laws, basically where an expat Indian/Bangladeshi/Indonesian/Phillipino/etc... are tied to an employer and can only change jobs if given express permission. Afte paying money to get papers to work for one of these oil states, laborers give their passports to their employers on arrival.  Magically, these passports often disappear, giving the laborers no way to get back home, and no official citizenship anywhere. Basically, they are slaves.

Anyways, if the laborers and the poor citizens were both pissed off enough, there could be some seriously bad violence going on.

I encourage any of you not versed in how ridiculous this situation is to read up on this stuff to at least become mildly aware of how wrong the situation is over there.  We whine about our situation in the states, but it is truly messed up in many of the oil states.


The dark side of Dubai:





In 2010, the UAE's population was estimated at 4,975,593,[80] of which just under 20% were UAE nationals or Emiratis




The Ministry of Economy estimates that in mid-2006 the total population was 2.577 million. Of those, 1.844 million were Omanis



Saudi Arabia

Saudi Arabia's population as of July 2010 is estimated to be 25,731,776 including 5,576,076 non-nationals




In April 2001, the country had a growing population of approximately 907,229 people,[9] of whom approximately 350,000 were believed to be citizens.



Yemen doesn't have as much of a slave labor issue but more of just a blatant human rights issue coupled with an exploding population.

It's estimated that Yemen will grow from 23M today to 60M in 2050. Most of those people are dirt poor and trampled on by a terrible state offender of human rights.


Tue, 01/18/2011 - 13:40 | 884377 DosZap
DosZap's picture

Magically, these passports often disappear, giving the laborers no way to get back home, and no official citizenship anywhere. Basically, they are slaves.


Thats why you always get a spare.

Tue, 01/18/2011 - 13:45 | 884386 Oh regional Indian
Oh regional Indian's picture

Very true DJ, I know that world first hand. Not all, but mostly terrible stories of subjugation and slave labour.

it will not end well and the blow-back effect on the diaspora's home nations will be huge. The stoppage of "gulf" money to the South Indian state of Kerala would destabilize the entire Indian economy. In a day.



Tue, 01/18/2011 - 13:54 | 884422 idle muesli
idle muesli's picture

Hari puts the worst aspects of a system that functions quite well for a recent third world country in the absolute worst light, and then adds faux indigation.


Most employees in the emirates are treated quite well by employers who have a reputation to maintan.

Tue, 01/18/2011 - 14:11 | 884473 Pants McPants
Pants McPants's picture

Hmm, sounds like the area could use an infusion of US-style democracy.  When can the US invade?


Tue, 01/18/2011 - 12:30 | 884195 cxl9
cxl9's picture

Most participants in the protest were reluctant to be quoted as they were government employees. However, some said they protested against low salaries

Great. Welfare recipients compaining that they are not getting enough welfare.


Tue, 01/18/2011 - 12:30 | 884198 oh_bama
oh_bama's picture


Tue, 01/18/2011 - 12:34 | 884210 LawsofPhysics
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Can't wait for when this happens with the public workers that provide water, energy, as we as sewage and trash removal.  The muni collapse should speed things up a bit.

Tue, 01/18/2011 - 13:02 | 884263 MonsterZero
MonsterZero's picture

Let's see.. we have a neighborhood well we pay for the power for from a cooperative power company we're all members of, sewage goes out to a leech field in my backyard and I pay for one of two private companies to remove my trash every week.  America won't crumble quite as easy as some think.

Tue, 01/18/2011 - 12:34 | 884211 alter ego
alter ego's picture

Things are unraveling fast.

The riots across different countries in the

middle east and Africa are not isolated events.

This is just the start of the beginning.



Tue, 01/18/2011 - 12:35 | 884214 buzzsaw99
buzzsaw99's picture

If you want this year's homecoming parade in my town, you have to pay for it.

Mayor Carmine De Pasto

[/animal house]

Tue, 01/18/2011 - 12:41 | 884228 Widowmaker
Widowmaker's picture

Everyone take note as these incidents will soon fall under "no one saw it coming" revisionist bullshit...

Tue, 01/18/2011 - 12:43 | 884230 Dingleberry Jones
Dingleberry Jones's picture

Mega props on reporting this stuff. Thanks a bunch for keeping us abreast of the situation.


Tue, 01/18/2011 - 12:46 | 884234 HarryWanger
HarryWanger's picture

I'm sorry but doesn't this say it was a "peaceful protest"? How do you turn that into a "riot"? Fear-mongering once again???

Tue, 01/18/2011 - 12:55 | 884242 hedgeless_horseman
hedgeless_horseman's picture

It is just bearspeak, Harry. 

Google translator into bullspeak says, "Buy the fucking baba ganoush."

Tue, 01/18/2011 - 13:34 | 884359 JW n FL
JW n FL's picture
by hedgeless_horseman
on Tue, 01/18/2011 - 11:55


It is just bearspeak, Harry. 

Google translator into bullspeak says, "Buy the fucking baba ganoush."


i am still laughing, thank you.

Tue, 01/18/2011 - 12:55 | 884248 Arius
Arius's picture

wait until the wave it gets into Egypt - then you will see riots...

Tue, 01/18/2011 - 12:59 | 884256 HarryWanger
HarryWanger's picture

Why is it, no matter what the post, someone always says, "wait until...."? Always. For the past couple of years, there is always a "wait until..." At some point, just give it up and go with the flow. There are no food riots posted here, only a peaceful protest. So I guess, I'll just "wait until..." the sun blows up and we're all dead.

Tue, 01/18/2011 - 13:06 | 884273 hedgeless_horseman
hedgeless_horseman's picture

On a long enough timeline...

Tue, 01/18/2011 - 13:10 | 884286 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Wait until it cums all over America's face, Harry.

Tue, 01/18/2011 - 16:16 | 884902 Cash_is_Trash
Cash_is_Trash's picture

You're talking some serious sovereign bukkake there.

Tue, 01/18/2011 - 13:11 | 884290 Arius
Arius's picture

Harry -

for our sake i hope you are right - lets hope so.

Tue, 01/18/2011 - 14:51 | 884610 JW n FL
JW n FL's picture

I Pray that Harry is right... cause if he is wrong...

Tue, 01/18/2011 - 14:20 | 884497 Cheesy Bastard
Cheesy Bastard's picture

OK, Harry, I will not say "wait until..".  I would rather be 5 years early than one day late when it comes to food.  Do not wait! If I never, ever need it, it will have provided me the same peace of mind that insurance does.  Worth every penny.  You do have some kind of insurance, don't you Harry?

Tue, 01/18/2011 - 14:28 | 884520 downrodeo
downrodeo's picture

"At some point, just give it up and go with the flow"

What if it is the case that 'the flow' is a river of disease spreading sewage? What if we don't have a seaworthy vessel made of retail stores and a potential tell-all book deal on permabears which should net you a pretty penny on the MSM interview circuit? What if we see that at the outlet of the shit river, there exists nothing but dead bodies and neverending debt? Sorry Harry, we're not all as evolved as you; not all of us are willing to 'go with the flow' just yet.

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