Word: caspian
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...business analysis firm headquartered in Edinburgh. "It is not being sold at market rates," he says. Meanwhile, with the high prices in the United States - still the world's biggest consumer of energy - oil companies are finally scrambling to lock in exploration contracts in key growth areas like the Caspian Sea, Canada and the West coast of Africa...
Before you begin reading this, please have before you on screen, paper, or wall, a reliable full-scale map of the Middle East, one stretching from Morocco to Afghanistan, from the Caspian Sea to the Gulf of Aden. You will note that the territory covering 5.25 million miles belongs to states of the Arab League—18 independent Arab states and three part-Arab Muslim states, Mauritania, Somalia, and Djibouti. There is one holdout in that hegemony: Along the Mediterranean, south of Lebanon, east of Egypt, and west of Jordan, is the 8,000 square mile Jewish state...
...thousand miles away, two princes of a very different cut were having a remarkably peaceable summit of their own. Russia's Vladimir Putin and Iran's Mahmoud Ahmadinejad--whose countries have for centuries either butchered each other or, failing that, just eyed each other bitterly across the Caspian Sea--met in Tehran, shook hands, declared mutual admiration and took a few winning photos...
...Tehran summit should not have happened. Putin has no natural desire to see a nuclear-armed Iran, just as Ahmadinejad has clashed with Putin on everything from payments for the nuclear plant to Iran's smallish cut of Caspian oil profits. But the U.S. has only emboldened both countries by trying to inoculate itself against the Iranian threat with a missile shield that it resolutely tries to place on Russia's doorstep. Rice was made to wait 45 minutes at an Oct. 12 meeting in Moscow, only to have Putin stride in and mock the missile shield...
...Although the Caviar House meticulously sources its eggs from specialist farms in France and the Caspian Sea in Iran, other restaurants are less picky. One upmarket restaurant manager told TIME that the growth of black market caviar threatened the trade itself: 'There is a huge black market in Russian caviar in particular," the manager said. "You get some people who come in and say 'I've got a jar of Beluga for a hundred pounds ($200)', but it's been pasteurized to preserve it. It will threaten the trade if they [are allowed to] keep fishing and fishing...