Word: delayed
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...this good or bad for Venezuela and the U.S.? The answer is yes. As oil nears a once unthinkable $100 a bbl., Chávez can afford to delay costly drilling and refining expansions like Paraguaná's and spend that money on socialist programs and other political pursuits. In a bravado performance at a Nov. 18 meeting of the Organization of Petroleum Exporting Countries (OPEC), Chávez and his new best friend, Iranian President Mahmoud Ahmadinejad, mocked the U.S. and blamed the weak dollar, not Venezuelan production capacity, for the high price of oil. "The fall of the dollar...
...expected, Thaci will become the Prime Minister of a newly sovereign state. The former guerrilla leader dismisses fears that Kosovo's proposed "unilateral declaration of independence" could trigger renewed violence in the region. "The time for war is past," he says. There is, he insists, no need for further delay: "For me, Kosovo's independence is a done deal. We've waited long enough...
...kind of brain surgery that dramatically reduces the symptoms of Parkinson's. It received government approval only five years ago. Every year that goes by, science opens new doors, and every year, as you get older and your symptoms perhaps get worse, doors get shut. Six years of delay in a field moving as fast as stem-cell research means a lot of people for whom doors may not open until it is time for them to shut...
...then be bought and sold, would raise billions for energy investment by imposing billions in new costs on polluters. Who pays, how much is paid and who gets to spend those billions will be one of the great political battles of this generation. Naturally, some business interests want to delay the day of reckoning, and they're making common cause with some green groups that don't think it's possible to get a strong enough bill through this Congress. Those groups would rather wait until 2009, when, they hope, there will be a Democrat in the White House...
...about to start declining sharply--the view of the true peakists. In "peak lite," as some call it, the big issues are not so much geological as political, technical, financial and even human-resource-related (the world apparently suffers from a dearth of qualified petroleum engineers). These factors all delay the arrival of oil on the market, meaning that production would not so much peak as plateau. But with demand rising sharply, especially from China and India, even a plateau could be precarious...