Word: oil
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...come from the Niger Delta, which is host to giant oil multinationals that are conducting oil-exploration activities. In the process of searching for oil, large quantities of gas have been flared throughout my over 30 years of existence and are still being flared. I was never bothered by the gas flares until I read Al Gore's Earth in the Balance, from which I learned they are a great contributor to global warming. I became enlightened but at the same time frightened by the damage done to my immediate environment and the greater world. As an African, my interest...
...partner, accounting for 27.8% of the country's trade in 2006. Russia has a range of commercial contracts with Iran, among them an agreement to help construct Iran's first nuclear power plant at Bushehr. And energy-hungry China has not hesitated throughout the nuclear standoff to sign new oil and gas deals with Iran. Such economic realities have "more or less defined our range of motion" in imposing sanctions, concedes one former U.S. diplomat...
...Iranian banks, as well as several companies the U.S. claims are in the WMD-proliferation business. According to intelligence reports, these companies are controlled by, or linked to, high-ranking officials in Tehran, including members of the Iran Revolutionary Guard's business arm, which has commercial interests ranging from oil and gas to manufacturing to real estate. The impact of this unilateral ban is indirect - Iranian companies haven't been allowed to do business in the U.S. for decades. But a similar gambit appeared to work against North Korea. In that case, the U.S. blacklisted Banco Delta Asia, a Macau...
...This has changed our reality.' DILMA ROUSSEFF, chief of staff for Brazilian President Luiz Inácio Lula da Silva, on the discovery of huge oil reserves off the nation's coast that could turn Brazil into one of the world's biggest oil producers...
...Mauritius is good Africa, Angola is not. An élite cadre of government figures, Angolan bosses and foreign oil companies holds on to the soar-away gains of its 35% growth while the country stagnates in destitution and inflation. Partly that's due to the lack of a diversified economy to harness the oil wealth. As a foreign diplomat puts it, "If you're dying of thirst, you can't drink from a fire hose. The water comes out too fast." But it's also due to corruption: a 2004 Human Rights Watch report claimed that $4.22 billion in oil...