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...Minister Rafael Ramirez said in Vienna that his country could not afford to invest in major new oil exploration unless prices rise further. "We need a level of at least $70 [a barrel] to recuperate investment," he said on Thursday. Muhammad-Ali Zainy, senior energy analyst at the Center for Global Energy Studies in London, says oil demand could increase quickly once the recession ends, especially as China has begun to build up its strategic oil reserves. "We think the price is going to go up gradually," says Zainy...
...tour of New York City, his first international trip as a representative of the British royal family. Among other things, he'll meet with families who lost loved ones on September 11 and visit soldiers injured in Afghanistan and Iraq at Manhattan's Veterans Affairs Medical Center. (See pictures of Prince Harry in Afghanistan...
...feel like spending the night. But if you can't tear yourself away from downtown Christchurch, you'll be forgiven. "Most countries would kill to have just one of our major attractions," says venue manager Pearson. "We've got so many and still, the city remains the center...
...that began May 25. When investigating magistrate Jean-Christophe Hullin filed the findings of a nine-year inquiry with prosecutors, he described Scientology as "first and foremost a commercial business" whose interactions with followers are defined by "a real obsession for financial remuneration." The church's bookstores and celebrity center were described by Hullin's investigation as instrumental in ensnaring psychologically fragile people "with the goal of seizing their fortune by exerting a psychological hold." (See pictures of Paris...
...times the explosive capacity of its predecessor three years ago - Pyongyang has put the Chinese leadership in the one place they hate to be during an international crisis: directly on the spot. Indeed, says Alan Romberg, a former U.S. State Department official now with the Henry L. Stimson Center in Washington, "Pyongyang has spit in the [People's Republic of China's] eye." (See pictures of North Koreans going to the polls...