This Summer’s heat and drought are showing their impact on US crops: September estimates from the U.S. Department of Agriculture (USDA) show 2012 U.S. corn yields at 123 bushels per acre, down by a fourth from the 2009 high of 165 bushels per acre.
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In a rare admission of China’s strategic petroleum reserve capacity, a senior industry executive acknowledged that all four state-owned emergency oil reserve tanks – holding a total 100 million barrels – are filled to the brim. Revealing that China’s current stockpiles have already exceeded the capacity of the first phase of facilities, which the government […]