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Climate conference in Copenhagen ends with statement of intent
After two weeks of delays, theatrics and frantic deal-making, the U.N. climate-change talks concluded in Copenhagen early Saturday with a grudging agreement by the participants to "take note" of a pact shaped by five major nations, including the United States.
By Andrew C. Revkin and John M. Broder, The New York Times | Seattle Times
The key elements of the Copenhagen Accord, worked out among the United States, China, Brazil, India and South Africa, on Friday:
- Nations agreed to cooperate in reducing emissions "with a view" to scientists' warnings to keep temperatures from rising more than 2 degrees Celsius (3.6 degrees F) above preindustrial levels.
- Developing nations will report every two years on their voluntary actions to reduce emissions. Those reports would be subject to "international consultations and analysis," a concession to the United States by China, which had seen this as an intrusion on its sovereignty.
- Richer nations will finance a $10 billion-a-year, three-year program to pay for poorer nations' projects to deal with drought and other climate-change impacts, and to develop clean energy.
- They also set a "goal" of mobilizing $100 billion-a-year by 2020 for the same adaptation and mitigation purposes.
After two weeks of delays, theatrics and frantic deal-making, the U.N. climate-change talks concluded in Copenhagen early Saturday with a grudging agreement by the participants to "take note" of a pact shaped by five major nations, including the United States.
The final "Copenhagen Accord," a 12-paragraph document, was a statement of intention — not a binding pledge to begin taking action on global warming — a compromise seen to represent a flawed but essential step forward.
Many delegates of the 193 countries that had gathered left Copenhagen in a sour mood, disappointed that the pact lacked so many elements they considered crucial, including firm targets for mid- or long-term reductions of greenhouse-gas emissions and a deadline for concluding a binding treaty next year. Read more.
DC AREA DISARMAMENT PLANNING
WHEN: Tuesday, December 15, 2009 - 7:00pm
WHERE: St. Stephen's Church - Auditorium, 16th St & Newton St., NW (1525 Newton Street, NW, Washington, DC 20010-3103) - Green line, Columbia Heights Station
In the wake of President Obama's repeated advocacy for "the peace of a world without nuclear weapons," many things are happening on the Nuclear Disarmament front.
The next six months represent historic opportunity for disarmament progress, or a perilous descent into another "generational commitment" to further Weapons Development, at enormous cost. (Currently the US alone spends $52+ Billion a year on nukes.)
Please join us for a review of disarmament progress, proposals on the table, likely prospects for the near and further terms, and what we, the people, can do to help secure the peaceful future that we deserve.
Nuclear Non-Proliferation Treaty (NPT) Review Conference - May 2010, United Nations, New York City - This periodic review (every 5 years) of the "mother treaty" for nuclear disarmament is driving the disarmament bus right now. Diplomatic positioning for this May treaty is ongoing. Of course, so much depends on what the US brings to the table beyond our president's rhetoric. Including:
Renewal of the START Treaty with Russia - December 2009?
Ratification of the Comprehensive Test Ban Treaty (CTBT) - Spring 2010 (Possible) - Signed in 1996 but rejected by the US Senate in 1999, the CTBT still must be approved by 67 US Senators before it goes into effect. . .
Fissile Materials Cutoff Treaty (FMCT) - Language pending. (Advocated by Secretary of State Clinton in her signal USIP nuclear policy speech.)
Middle East Nuclear Weapons Free Zone
Mayors For Peace/Cities Are Not Targets (CANT)
Legislative Opportunities (HR 1653, H Res. 333, H Res. 278, HR 515, HR 644, more?)
Planning for Potential Actions:
Shell Wins Rights To Iraq's Giant Manjoon Oil Fields
By Sinan Salaheddin and Tarek El-Tablawy | Huffington Post
Iraqi officials cheered and clapped as the first oil field up for bid went to a major international consortium at the opening of the country's biggest postwar auction Friday. But from there, the chill set in.
Oil executives from around the world made deals on only two fields, both in Iraq's relatively stable south, while shunning six others in regions with sporadic violence – and where the risk outweighs the profits that the Iraqi government is offering.
Iraqi officials portrayed the day as a success because they secured deals that will ramp up production in the two giant fields. But the lack of energetic bidding highlighted Iraq's difficulties in turning its wealth of oil – the world's third largest reserves – into a financial bonanza.
Energy experts say Iraq has been tightfisted in the deals it has offered major producers. There is also a long-running feud between the central government in Baghdad and the Kurds over control of petroleum reserves in the north.
Security is yet another issue, particularly in central Iraq and areas north of the capital. Read more.
Key Oil Auction in Iraq Today: Foreign Companies Could Produce Majority of Iraq's Oil for First Time in 35 Years
Will Bush's Oil Agenda Lock Obama Further Into War?
Today and tomorrow (12/11 & 12/12/2009) in Baghdad, the world's last great oil bonanza opens to the highest bidders. This auction will finalize an oil revolution in Iraq placing the majority of the nation's oil production in foreign hands for the first time in 30 years.
Some 44 international companies will bid on 11 groups of massive oil and gas fields, Iraq's "non-producing" and as of yet "undiscovered" fields. A prior round of bidding, for eight of Iraq's currently producing fields, completed in November.
Iraq has eighty known oil fields holding some 115 billion barrels of oil, just seventeen of which currently pump oil. There has been no meaningful oil exploration in Iraq for over twenty years and it is estimated that it's "undiscovered" fields could hold as much as an additional 285 billion barrels of oil - giving Iraq the largest oil reserves in the world.
Before the U.S. and British invasion, Iraq had a fully nationalized oil sector. But things were changing. Saddam Hussein was negotiating contracts with foreign oil companies. None of the contracts, however, could take effect while the UN sanctions remained in place. Three countries held the largest contracts: China, Russia, and France--all members of the UN Security Council and all in a position to advocate for the end of sanctions. Court proceedings revealed that lists of these contracts were reviewed by oil and energy company representatives as part of Vice President Cheney's National Energy Policy Development Group (better known as the Cheney Energy Task Force). None of their companies' names were on the lists. Were Hussein to remain in power and the sanctions to be removed, these contracts - none with any U.S. or major British companies - would take effect, and the U.S. and its closest ally would be shut out.
The Cheney Energy Task Force released its final report in May 2001, arguing that Middle Eastern countries should be urged, "to open up areas of their energy sectors to foreign investment." This has now been achieved in Iraq. The sanctions are gone, foreign investment can proceed, and the problem of U.S. and British exclusion is over.
It has taken the full six years since Saddam Hussein ouster for the oil companies to finalize contracts. Read more.
The talks between the G5 plus 1 and Iran are careening toward a premature breakdown. If they do fall apart, it will be due in large part to a serious diplomatic miscalculation by the Obama administration.
Along with its European allies, the Obama administration seized on a plan that cleverly asked Iran to divest itself of the bulk of its stock of low-enriched uranium (LEU). It seemed to represent a golden opportunity to set back Iran's nuclear program, and despite the warning signs that such an objective is not achievable by the West, it lured the West away from a serious effort to find a diplomatic compromise with Iran aimed at defusing the decades-long hostility between Washington and Tehran.
The origins of the immediate diplomatic drama surrounding the proposal lay in Iran's need to supply fuel for its US-built Tehran research reactor producing medical radioisotopes. Iran had obtained 23 kilograms of fuel enriched to 20 percent from Argentina under a cooperation agreement signed in 1988 that ended in 1993. But that supply is expected to run out in late 2010, and Iranian Foreign Minister Manouchehr Mottaki sent a letter to the IAEA in June requesting its help in purchasing enough 20 percent enriched uranium under the agency's supervision so that the medical reactor would again have a long-term supply.
But that would require a relaxation of the international sanctions against Iran's nuclear program. And when the Obama administration got wind of the Iranian request, it created a new diplomatic strategy aimed at forcing Iran to accept terms that would force it to give up most of its LEU for about a year. During a visit to Moscow in July, President Barack Obama's White House adviser on the Iranian nuclear issue, Gary Samore, reportedly approached Russian officials about a proposal that would require that Iran send its low-enriched uranium to Russia to be converted into the more highly enriched fuel rods, thus setting the clock of Iran's already-achieved breakout capability back for about a year. Read more.
Why We Left Our Farms to Come to Copenhagen
Speech of Henry Saragih, general coordinator of Via Campesina at the opening session of Klimaforum
By La Via Campesina | Copenhagen, 7th December 2009 | Common Dreams
Tonight is a very special night for us to get together here for the opening of the assembly of the social movements and civil society at the Klimaforum. We, the international peasant movement La Via Campesina, are coming to Copenhagen from all five corners of the world, leaving our farmland, our animals, our forest, and also our families in the hamlets and villages to join you all.
Why is it so important for us to come this far? There are a number of reasons for that. Firstly, we would like to tell you that climate change is already seriously impacting us. It brings floods, droughts and the outbreak of pests that are all causing harvest failures. I must point out that these harvest failures are something that the farmers did not create. Instead, it is the polluters who caused the emissions who destroy the natural cycles. So, we small scale farmers came here to say that we will not pay for their mistakes. And we are asking the emitters to face up to their responsibilities.
Secondly, I would like to share with you some facts about who the emitters of green house gases in agriculture really are: new data that has come out clearly shows that industrial agriculture and the globalized food system are responsible of between 44 and 57% of total global greenhouse gas emissions. Read more.
HUNGER STRIKERS ARRIVE AT ONE MONTH WITHOUT FOOD RESOLVED IN CALLS FOR WORLD TO TAKE ACTION ON ROOT CAUSES OF CLIMATE CHANGE | Press Release
Seven climate justice activists from around the world have entered the fourth week of a water-only hunger strike,having gone totally without food since November 6. They have been joined by hundreds of solidarity fasters, from 22 different countries, including Romania, Honduras, and the Central African Republic.
Recent announcements from world leaders – including President Obama – indicate that a legally-binding international climate treaty won’t be signed at the UN climate summit in Copenhagen this December. The members of the ’Climate Justice Fast!’ remain resolute, insisting that both world leaders and the global public must use the much-anticipated summit as an opportunity ‘to shift away from business-as-usual and start addressing the root causes of the climate crisis – fossil fuels, over consumption, and a socio-economic paradigm that rewards abuse and exploitation of people and the planet.’
Anna Keenan, a 23 year-old Physics graduate from Australia and one of the key organizers of Climate Justice Fast! explains,“I am doing this hunger-strike because I am inspired by the philosophy of Albert Einstein – that problems can't be solved at the level of awareness that created them.” “In order to solve the climate crisis, we must challenge the assumptions that fossil fuels are ‘cheap’ forms of energy, that infinite economic expansion on a finite planet is possible, and that people and places are expendable commodities.”
Diane Wilson, a 61-year old fisherwoman from Texas part who is participating in the hunger strike, adds that “by rectifying the root causes of climate change, we are confident that our political demands – like commitments from wealthy, high-emitting countries to reduce the concentration of carbon in the atmosphere to 350 ppm and to pledge 195 billion USD per year for adaptation efforts in countries most vulnerable to climate change – will be met as well.”As the global hunger strike enters its fourth week, the diverse members of Climate Justice Fast! show no sign of abandoning their fasts or easing their moral call for immediate, effective action on climate change. The hunger strikers intend to fast at least until the end of the Copenhagen talks, which conclude on December 18. A number of the hunger strikers will be present inside the UN climate summit.
By Linda Milazzo
On January 29, 2001, just nine days after taking office, Dick Cheney created The National Energy Policy Development Group, commonly known as the Cheney Energy Task Force. The task force was charged with the critically important task of designing America's national energy policy. Although the group's efforts would directly impact the entire nation, the new Vice President refused to divulge the names of its members or their specific activities, claiming the Executive Branch's right to confidentiality.
The Iranian government approved a plan Sunday to build 10 new uranium enrichment facilities, a dramatic expansion in defiance of U.N. demands it halt the program.
The decision comes only two days after the U.N. nuclear watchdog agency censured Iran, demanding it immediately stop building a newly revealed enrichment facility near the holy city of Qom and freeze all uranium enrichment activities. The rebuke angered Iran, raising demands from lawmakers Sunday to cut back cooperation with the U.N.
The enrichment announcement is likely to stoke already high tensions between Iran and the West over its controversial nuclear activities. The U.S. and its allies have hinted of new U.N. sanctions if Tehran remains defiant. Read more.
Energizer Bunnies: Turning Rabbits into Green Fuel
By Tara Kelly | Time
Sweden's Tommy Tuvuynger and his team of professional hunters don't have to go far to find their prey. Tuvuynger is employed to keep down rabbit numbers in the Swedish capital, Stockholm. The rabbit population there has exploded over the past few years thanks to owners setting free their pets. Last year the eradication squad killed 6,000 of the furry critters, which are not native to Sweden. When the city started killing the rabbits in 2006, officials realized they would have to dispose of their carcasses. At around the same time, the European Union passed a law that makes it illegal to dispose of raw meat or carcasses in landfills. Solution: use the bunnies as fuel to heat Swedish homes.
When German newspaper Der Spiegel broke news of the novel fuel source last month, many Swedes were outraged. "It feels like they're trying to turn the animals into an industry rather than look at the main problem," says Anna Johannesson of the Society for the Protection of Wild Rabbits. Johannesson and other wildlife campaigners recommend spraying the park with a chemical that makes shrubs and plants unappetizing to the animals. Tuvuynger, though, has little sympathy for that argument. "If you do that you only move the problem 100 meters away. Overpopulation is not good for the animals' well-being because they use up limited natural resources for survival, so shooting them is the only answer." Read more.
Bill McKibben of 350.org wrote:
We don't organize events for their own sake--there needs to be a strategy to make them worth your effort, because your time is this movement's most precious commodity.
Here's our sense of what will be happening at the UN climate talks in Copenhagen, and why we're hoping some of you will start or join a candlelight vigil at a strategic or iconic location in your community on Dec. 11th or 12th.
The weekend for these vigils falls smack in the middle of the two-week Copenhagen talks. President Obama just announced that he will visit Copenhagen on December 9th--and there's no doubt that he'll deliver a rousing and eloquent speech. The following day, December 10th, he'll go on from Copenhagen to Norway to collect his Nobel prize.
We need to send a signal to say that speeches and prizes are good, but action is what's really required--enough action to head us back towards 350 parts per million.
Obama will bring an emissions target to the table in Copenhagen, a bittersweet development in this political drama. Sweet because having any sort of commitment from the U.S. increases the chances of global collaboration on a climate deal, bitter because US emissions target represents a paltry 3% reductions below 1990 levels--far from the ambitious cuts scientists say are necessary to get back to 350.
IAEA Chief Says Iran Talks at 'Dead End'
As ElBaradei Ends 12-Year Stint at Helm of the U.N. Nuclear Watchdog, Board Considers Resolution Rebuking Tehran
By David Crawford and Matthew Karnitschnig | WSJ
Iran appeared headed for further confrontation with the U.S. and other world powers over its nuclear program after the chief of the United Nations' atomic watchdog said the agency's cooperation with Tehran had reached a "dead end."
The declaration by Mohamed ElBaradei, departing director general of the International Atomic Energy Agency, sets the stage for the U.N.'s Security Council to impose new sanctions against Tehran.
Diplomats said the IAEA's 35-member board of governors would likely approve a resolution on Friday rebuking Iran for failing to comply with its international obligations. A draft of the resolution being discussed by IAEA governors Thursday expressed "serious concern" about Iran's course and called for the matter to be taken up by the Security Council. Read more.
What: Please Join Global Exchange and Iraq Veterans Against the War for a discussion on WAR and OIL. A fundraiser for the Washington, DC Chapter of Iraq Veterans Against the War.
When:Monday, December 7th 2009, 6:00-8:00pm
Where: Bus Boys & Poets
1025 5th Street, NW
Washington, DC 20001
Based upon the new paperback release, updated with a new preface, of The Tyranny of Oil: The World's Most Powerful Industry--And What We Must Do To Stop It - To be released Dec. 10, 2009..
With author, Antonia Juhasz, Director of the Chevron Program at Global Exchange and Hassan Jumaa Awad al Assadi, President, Iraqi Federation of Oil Unions.
Antonia and Hassan will be joined by Geoff Millard, Chair of the National Board of Directors of Iraq Veterans Against the War.
Did Big Oil Win the War in Iraq?
As U.S. and British oil companies sign contracts with the Iraqi government, is it time to declare Big Oil the "victor" in the bloody venture?
By Antonia Juhasz | AlterNet | November 14, 2009
Last week, ExxonMobil became the first U.S. oil company in 35 years to sign an oil-production contract with the government of Iraq.
As I write, several other contracts with the world’s largest oil companies are being finalized, and more are expected when a new negotiating round kicks off in Baghdad on Dec. 11.
Do these contracts represent a "victory" for Big Oil in Iraq? Yes, but not one as big as the companies had hoped for (at least, not yet).
Before the United States and Britain invaded Iraq in March 2003, their oil companies were shut out of oil-production contracts being negotiated by the government of Saddam Hussein. Today, more than six years of war later, Saddam is gone, and the U.S. and British oil companies are not only in on the oil contracts, they have managed to sweeten the terms.
However, organized resistance by Iraqis and people around the world has thus far succeeded in denying Big Oil its Big Prize: passage of the Iraq Oil Law, alternatively called Iraq Hydrocarbons Law, which would grant far greater control over Iraqi oil to foreign companies on terms much less favorable to Iraq than the current contracts provide. Read more.
In the many metro stations of giant Mexico city, amidst the ugly smell of Pizza Hut and the newspapers vendors yelling out, “Gráfico! 3 pesos!”, youth crowd around the hand written posters recruiting for the national police daily. At 12,000 pesos (US$1000) per month, and with increasing unemployment and harder prospects for the country’s youth, the offer is very tempting.
Since the US-Mexico trade agreement, NAFTA, the number of Mexicans illegally crossing the border into the US seeking employment has risen to 500,000 a year. Add to this the financial crisis (Mexicans repeat to me “When the U.S sneezes Mexico gets pneumonia”) and Mexican president Calderon’s measures to handle the crisis, which consist in a “fiscal package” of an increased consumption tax including food and medicine, new communication taxes and decreased government spending. Then add the fact that the minium wage in Mexico today buys a third of what it bought twenty years ago, and you can see how the government’s firing of 44,000 electricity workers, members of the county’s most combative and independent union, SME (Mexican Electrical Union), became catalyst for a movement of people deeply angry at both an unfair economic system, and towards a president who, most studies admit, used fraud to win the elections in 2006.
The electricity workers were fired on October 10th. On October 16th, around 500,000 people marched in the capital in protest. One month after the firing the people’s anger still had not cooled, and on November 11th there were again massive marches, road blocks, full strikes and partial strikes all across the country. Read more.
Afghanistan’s Oil Binge: 22 Gallons of Fuel Per Soldier Per Day
By Noah Shachtman | Wired
Wanna know why the wars in Iraq and Afghanistan are so expensive? Here’s one big reason: The U.S. military consumes 22 gallons of fuel per soldier, per day. And each gallon costs $45 or more to haul to the battlefield. Read more.
Despite heavy opposition from Jeju residents the proposed Korean naval base is scheduled to begin construction later this year. Jeju Governor Kim Tae-hwan survived a recall vote over his plan to allow the base in early October. The Jeju Elections Commission resolved the vote was invalid after a turnout of only 11 percent of the 33 percent required showed. In lieu of the negative attention surrounding the contradictory notion of missile defense warships docked at Jeju’s proclaimed “Island of Peace,” people from all over are coming out of the wood work to shout about how destructive the base would be not only to the ideal of a peaceful society, but to the precious environment that will inevitably suffer as well.
The southern part of the island, specifically Gangjeong, the proposed location of the base, bears international significance for multiple reasons. Bruce Gagnon is coordinator of the Global Network Against Weapons & Nuclear Power in Space and recently, he visited Jeju to determine the severity of the proposed naval base. He says the most noteworthy reason for the base is structured around the fact that Jeju is the crossroad for the Malaka Straight where 80% of China’s oil is transported from the middle east.
“If the United States is able to militarily choke off the straight then the U.S. would be able to hold the keys to China’s economic engine. As the U.S. economy is collapsing the U.S. military strategy has been determined that the way we will control the world is to control the distribution of oil and natural gas…I believe that the base at Jeju is the key for this particular strategy and particularly for choking off the straight and controlling China,” said Gagnon. Read more.
By Terry McAlister, the Guardian
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.
The Iraqi Oil Ministry on Thursday said it has awarded a consortium led by Exxon Mobil Corp. and Royal Dutch Shell PLC the right to develop the West Qurna-1 oil field, representing the first American-led team gaining access to the country's oil patch.
The pact is the latest in a series of deals Iraq has recently signed or initialed with some of the world's biggest oil companies. Earlier this week, Iraqi officials completed a final agreement with BP PLC and China National Petroleum Corp. and an initial agreement with a consortium led by Italy's Eni SpA. U.S. oil company Occidental Petroleum Corp. participated as a junior partner in the Eni-led team.
The Exxon-Shell team, combining two of the world's biggest publicly listed oil companies, had been seen as the favorite to win the contract, which calls for the consortium to boost production at the already-pumping field in southern Iraq in exchange for a per-barrel fee. Among the three competitors, it offered the highest production target for the field, the Oil Ministry said. Read more.
Home to a worldwide summit on climate change in early December, Denmark is setting a global example in creating clean power, storing it, and using it responsibly. Their reliance on wind power to produce electricity without contributing to global warming is well known, but now they're looking to drive the point home with electric cars. To do this, they've partnered with social entrepreneur Shai Agassi and his company Better Place.
PBS’ NOW investigates how the Danish government and Better Place are working together to put electric cars into the hands of as many Danish families as possible. The idea is still having trouble getting out of the garage here in America, but Denmark be an inspiration.
Will so much green enthusiasm bring about a "Copenhagen Protocol"? This show is part of a series on social entrepreneurs at work that PBS’ NOW calls "Enterprising Ideas."
By Dave Lindorff
It would be easy to read too much into the few statewide races that were decided last night, but I think it’s fair to say that the results in New Jersey and Virginia, where Republican gubernatorial candidates won--in New Jersey’s case knocking off a well-funded Democratic incumbent--that the results were a blow to the Barack Obama/Rahm Emanuel strategy of playing to the right, of avoiding confrontation in Congress and of ignoring the progressive voters whose enthusiasm and effort back in the 2008 campaign put Obama in office.
CHOMSKY SAYS PRESIDENT OBAMA CONTINUES BUSH POLICY TO CONTROL MIDDLE EAST OIL
By Sherwood Ross
Political activist Noam Chomsky says that although President Obama views the Iraq invasion merely as “a mistake” or “strategic blunder,” it is, in fact, a “major crime” designed to enable America to control the Middle East oil reserves.
“It’s (“strategic blunder”) probably what the German general staff was telling Hitler after Stalingrad,” Chomsky quipped, referring to the big Nazi defeat by the Soviet army in 1943.
“There is basically no significant change in the fundamental traditional conception that if we can control Middle East energy resources, then we can control the world,” he said.
In a lecture at the School of Oriental and African Studies in London Oct. 27th, Chomsky warned against expecting significant foreign policy changes from Obama, according to a report by Mamoon Alabbasi published on MWC News.net. Alabbasi is an editor at Middle East Online.
“As Obama came into office, (former Secretary of State) Condoleezza Rice predicted he would follow the policies of Bush’s second term, and that is pretty much what happened, apart from a different rhetorical style,” Chomsky said.
Chomsky said the U.S. operates under the “Mafia principle,” explaining “the Godfather does not tolerate ‘successful defiance’” and must be stamped out “so that others understand that disobedience is not an option.”
Azerbaijan could scuttle the Nabucco pipeline over the Turkey-Armenia rapprochement, Brian Whitmore writes for RFE/RL.
By Brian Whitmore for RFE/RL
Azerbaijan has apparently decided to play its energy card.
As much of the world applauded Turkey's historic rapprochement with Armenia last week, Azerbaijan felt left out in the cold and abandoned by its closest ally.
Baku had argued strenuously that a deal to reestablish relations between Ankara and Yerevan should not be signed while Armenia continued to occupy Nagorno-Karabakh, and it threatened to take unspecified countermeasures if one was.
Speaking at a nationally televised cabinet meeting on October 16, Azerbaijani President Ilham Aliyev revealed one of those steps: "It is not a secret to anyone that for many years Azerbaijan has been selling its gas to Turkey for one-third of market prices."
Aliyev added: "What state would agree to sell its natural resources for 30 percent of world market prices, especially under current conditions? This is illogical."
Aliyev presented the move as a purely commercial decision and did not explicitly link it to the Turkish-Armenian deal. Azerbaijan currently sells Turkey natural gas at the bargain rate of $120 per thousand cubic meters. But the timing of Aliyev's announcement, less than a week after the accord between Yerevan and Ankara was signed, left little doubt.
If Baku follows through on the move, analysts say it could severely undermine - if not completely kill - the Western-backed Nabucco pipeline project to bring gas from the Caspian Sea to Europe via Turkey.
"Potentially this is very important because it could potentially deliver a knockout blow to Nabucco. Without Azerbaijan it would be even more difficult than it is," says Federico Bordonaro, an energy-security analyst with the Italian-based group equilibre.net. Read more.
Big companies getting closer to big Iraq oil fields
By Ben Lando | Uruknet
A half dozen major international oil companies are close to deals with Iraq, on the heels of BP and the Chinese National Petroleum Corp., which are one step away from receiving the first new oil contract issued by Baghdad – for the largest oil field in the country.
The deals are part of the Iraqi Oil Ministry effort to bring foreign capital, expertise and technology to dramatically boost production in the underachieving yet third largest oil reserves in the world. Iraq holds 115 billion barrels of proven reserves but produces just around 2.4 million barrels per day (bpd).
Iraq’s prime minister and oil minister are in Washington, D.C., right now courting investment at an investment conference organized by Iraq’s National Investment Commission, the U.S. Embassy in Baghdad and the U.S. Chamber of Commerce.
The 17 billion barrel Rumaila field was awarded to BP/CNPC during a June 30 auction. After months of negotiations, the ministry and companies reached an agreement, which was approved last week by the Iraqi Council of Ministers. Read more.
Last year, the price of gasoline in the United States topped the $4 per gallon mark.
This year in Afghanistan, the price has topped $400.
The stunning revelation emerged Thursday in a report from the Pentagon to House officials. The information conveyed offers new insight into a recent report by the Congressional Research Service, which found that the US spends $1 million per year for each servicemember on the ground in Afghanistan.