Word: asianized
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...years ago, with a barrel of oil dipping to about $10, there was little interest in Southeast Asian petroleum, other than established deposits in Indonesia and Brunei. But now, global instability and rising demand from India and China have spiked oil prices to over $80 per barrel, and governments are nationalizing major fields from Russia to Venezuela. At the same time, as offshore technology improves, oil firms can hunt in deeper, tougher waters, like the Timor Gap between Australia and East Timor. So the region has exploded with oil fever. Vietnam plans to explore in seven offshore blocks, Malaysia this...
...Many Asian countries could go Nigeria's way so far as oil is concerned. Cambodia, which is still recovering from the Khmer Rouge era, ranks near the bottom of Transparency International's Corruption Perceptions Index, and does not possess the institutions to monitor how the government uses its new oil riches. East Timor's economy will have almost no other foundations - studies estimate over 90% of government revenues eventually will come from oil. Before its latest brutal crackdown on peaceful protestors, Burma's military regime already demonstrated such little concern for its people that it reportedly spent among the lowest...
...Some Southeast Asian governments seem to want to learn from the mistakes committed by other countries. East Timor has created a national petroleum fund to save revenues for future generations. Dili has also enlisted advisers from Norway, one of the best examples of putting black gold to good use, to manage its oil money. But noble intentions are not enough. East Timor NGOs worry that their country's oil laws are so vague that they open the door to mismanagement and skimming. A damning World Bank-Indonesia joint study earlier this year showed Indonesia was struggling to spend state funds...
...definitively friends, having taken a public vow of friendship on friend-based websites, wearing metaphorical friendship bracelets on the earnest Facebook, the punky MySpace, the careerist LinkedIn and the suddenly very Asian Friendster. As if that wasn't enough friendship for you, some of you have also asked me to be friends on the nerdy Twitter, the dorky-élitist Doostang and the Eurotrashy hi5. You message me and comment about me and write on my walls and dedicate songs to me and invite me to join groups. More than once you have taken it upon yourself to poke...
Percentage of the current undercover force that is of Asian--including Middle Eastern--descent...