Word: petro
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...defend his businesses, which include a huge Soviet-era pipe plant, four national TV stations, Kryvorizhstal and many others. Reprivatization could potentially scare away foreign investors, too, and, depending on which deals go under the microscope, may even hurt some Yushchenko supporters who benefited from previous privatizations, such as Petro Poroshenko, now head of the National Security and Defense Council, and Petro Yushchenko, the President's brother. And if the President is perceived to be unfairly targeting his opponents, the scheme could raise unwelcome comparisons with Russia's Yukos, the energy company many believe was driven out of business...
...already expresses doubts about Yushchenko's team, which he says is squabbling openly. One important crony, Yuliya Tymoshenko, made her millions in energy and has been accused by both the Russian and Ukrainian authorities of bribery and embezzlement. (Tymoshenko says the allegations are political smears.) She is sniping at Petro Poroshenko, who made his millions in the candy business. Both want to be Prime Minister. "Some top lieutenants are saying that Yushchenko's health will not hold out for more than a year or two, so he'd better make sure he picks up 'the right kind of Premier,' meaning...
...which possesses the hemisphere's mother lode of petroleum reserves. "In the mountains, I organized seminars on oil administration," says Rodriguez, 66, whom fellow combatants remember as being the same energy-policy wonk then that he is today. "I committed myself body and soul to it." Not surprisingly, his petro-philosophy was more Marx than Rockefeller, and his rhetoric even now might give a capitalist oilman cold sweats. "The people are the owners of their natural resources," says Rodriguez, "so we all have a proprietary actor's role on the oil stage...
...case. Galbraith asks a woman on his team to hand a 25? coin to the opposing side in a dispute that is worth perhaps 50 billion times that amount. Pulses race, heads turn, eyes roll among the negotiators; each side digs its trench a little deeper. This is petro-diplomacy, Timor Sea style. "It's like dealing with the Krajina Serbs (in Croatia)," says Galbraith, a former U.S. Ambassador in Zagreb, describing the Australians, who on the second day of talks declared that Dili's top priority - lateral boundaries - was off the table...
Thankfully for both America and the world, President Bush is not a petro-hungry imperialist, but rather a strong leader with the courage and moral clarity to eschew those who seek oil money through appeasement. Despite continued opposition from what New York Times columnist William Safire has aptly dubbed the “Paris-Moscow-Beijing axis of greed,” the United States will soon be forced to topple a lethally-armed megalomaniac and liberate the Iraqi people...