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In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review

Overthrowing autocrats comes at a stiff price --- soaring oil prices

By Neela Banerjee and Ronald D. White




Why it's happening and how it can be reversed

http://www.JewishWorldReview.com | (MCT) Oil prices jumped to their highest levels since 2008 as violence spread through Libya, the first major petroleum exporter to be shaken so far by the drive for democracy in the Arab world.

In London on Monday, the benchmark price of crude oil surged $5.48, or more than 5 percent, to $108 a barrel. The rise knocked European stock markets sharply lower as fears mounted that soaring energy costs could derail the global economic recovery.

U.S. oil prices also jumped, rising $5.22, or 6 percent, to $91.42 a barrel in electronic trading on a day when most U.S. financial markets were closed for the Presidents Day holiday. U.S. prices lately have been consistently below the London price because the United States is less reliant than Europe on Middle Eastern oil. Also, U.S. crude inventories have been near record highs.

Still, the domestic price of oil also is near a two-year high, reviving memories of the energy price surge in the first half of 2008, which saw crude prices rise to record levels. Some analysts said further violence in Libya could push prices beyond the all-time high of $147.27 a barrel set in July 2008.

Unlike Egypt, Tunisia and Bahrain, which are not major oil producers, Libya is a member of the Organization of the Petroleum Exporting Countries, or OPEC, and it sells about 80 percent of its 1.5-million-barrel daily output mostly to Europe. Citizen protests and the attempts by the government of Moammar Gadhafi to suppress the protests have begun to squeeze the country's oil production.

A German oil venture is suspending its daily production of 100,000 barrels, while other major oil companies have started to evacuate family members and non-essential employees from Libya. The Nafoora oil field in a prolific part of the country has been shut down by strikes, Al-Jazeera reported. A tribal leader in eastern Libya, home to several major fields, also told Al-Jazeera that his tribe "would stop oil exports to Western countries" if the regime did not end its violent crackdown.


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The regime's spokesman, Gadhafi's son Seif Islam, said oil fields could be attacked by "thugs" if the protests went too far.

"We will have a new Libya, new flag, new anthem," he said Sunday in a rambling, often combative speech that was the regime's attempt at compromise. "Or else, be ready to start a civil war and chaos and forget oil and petrol."

Most analysts said they think Saudi Arabia, the world's largest oil producer, would quickly ramp up production to compensate for a drop in Libyan exports. But oil prices might continue their climb, given the traditional skittishness of oil markets. That would spur higher prices for gasoline, jet fuel and diesel, imposing a de facto tax on consumers and businesses and further slowing the sluggish global economic recovery.

Leila Benali, director for the Middle East and North Africa for the research group IHS CERA, said: "There is some spare capacity, OPEC could partly step in, but will the market take that into account?"

The fact that unrest has continued to spread across Libya, one of the world's most important sources for so-called light sweet or low sulfur crude, has raised fears that oil prices will spiral upward. Light sweet crude is the preferred oil for refining the best grades of gasoline.

"But the biggest concerns are the major oil producers — Saudi Arabia, UAE, Kuwait and Qatar, where supply disruptions could spike oil prices above their prior peak in July 2008," Fadel Gheit, senior energy analyst for Oppenheimer & Co. in New York, said Monday in a note to investors.

"Although the world may not be running out of oil yet, gaining access to new oil resources is getting much more difficult than in the past. Rising exploration, development, production and transportation costs clearly indicate that the low-hanging fruit has already been picked. We think oil prices will remain inflated by excessive speculation over potential supply disruptions," Gheit said.

Other experts weren't quite so pessimistic. Tom Kloza, chief oil analyst for the Oil Price Information Service in New Jersey, said that events in the Middle East could play out without a shutdown in deliveries. Still, he forecasts more pain for U.S. consumers, with average retail gasoline prices rising as high as $3.50 nationally in the next few weeks.

"The key country in the Middle East is Saudi Arabia, not Libya. If all of this can avoid Saudi Arabia, I think it runs its course and we see gasoline at $3.50 to $3.75 a gallon and oil at $95 a barrel. If we start to see demonstrations in Saudi Arabia, then we are dealing with something entirely different," Kloza said.

Libya plays no direct role in the U.S. energy supply. The nation's two biggest sources of imported oil are Canada, at around 2 million barrels a day, and Mexico, at about 1.1 million barrels a day, according to the U.S. Energy Department. Saudi Arabia is third, at a little less than 1.1 million barrels a day, followed by Nigeria, Venezuela and Iraq.

California, which depends on foreign sources for almost half of its oil, relies mainly on Saudi Arabia, Iraq, Ecuador, Brazil and Colombia, according to the state's Energy Commission.

But if Libya oil production is curtailed for a significant period of time, the U.S. will feel it in higher energy prices, according to Mark Cooper, director of research at the Consumer Federation of America in Washington. That's because buyers will be seeking crude from a smaller number of suppliers.

"This is a market that has very few suppliers and it is concentrated in very unstable places," he said. "The only way for Americans to extricate themselves from this vulnerability is to dramatically reduce their dependence on oil, drive much more fuel-efficient vehicles."

On Monday, the U.S. average price for a gallon of regular gasoline rose to $3.171, up from $3.126 a week earlier, according to the AAA Fuel Gauge Report. The AAA uses daily figures from credit card receipts from more than 100,000 retail fuel outlets in the U.S., compiled by the Oil Price Information Service and Wright Express.

European stock markets, which like the U.S. market have rallied sharply this year on expectations that the global economy would continue to rebound, tumbled Monday as oil prices zoomed.

The Italian market sank 3.6 percent, Spanish shares slid 2.3 percent and the German market lost 1.4 percent.

U.S. stocks closed at multiyear highs Friday, with the Dow Jones industrial average ending at 12,391.25. But if oil prices stay elevated, investors will be bracing for a sell-off Tuesday.

"If you were looking for a pullback in stocks, this certainly would be a great excuse," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago.

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