Word: gas
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Dates: during 2000-2009
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...Iran Sanctions Enabling Act by a vote of 414-6 (one of the bill’s original co-sponsors was Harvard alum and Massachusetts Representative Barney Frank). This bill authorizes state and local governments to divest from companies investing in Iran’s petroleum and natural gas sector or doing business with Iran’s nuclear industry. Since these companies are already liable for sanctions under the Iran Sanctions Act, states have a fiduciary responsibility to consider the financial consequences of holding stock in them...
...Until recently, that change looked like it might never happen. Last summer, Iraq's government hosted an auction for eight large oil and gas fields at Baghdad's high-end Al-Rashid Hotel. There, oil executives from the U.S., Europe, Russia, China and South Korea paraded on stage and dropped their bids into a sealed box, in a ceremony broadcast live on Iraqi television. It was meant to be grand theater, but proved a p.r. failure for Baghdad. Just one bid succeeded: it was submitted by a partnership between Britain's BP and China National Petroleum Corp. (CNPC) for production...
...There are also differences over how to deal with Iran's nuclear program. Although Turkish diplomats insist that Ankara is opposed to any development of nuclear weapons in neighboring Iran, Erdogan has in recent months strengthened diplomatic and trade ties with Tehran, which is a key gas supplier to Turkey. The Turks abstained last month in a U.N. vote condemning Iran's nuclear activities, despite China and Russia's support for it. Erdogan has also criticized Western leaders for turning a blind eye to Israel, widely seen as the Middle East's only nuclear power - albeit an undeclared one. Turkey...
...analysts say it wasn't just Morales' social largesse that ensured a larger landslide this time. Critics foresaw macroeconomic disaster three years ago when Morales, fulfilling a campaign promise, nationalized Bolivia's vast natural-gas reserves. Among the doubters was the International Monetary Fund (IMF) in Washington. Today the IMF is hailing Bolivia's projected economic growth rate of almost 3%, one of the hemisphere's highest, as well as the fact that the country's economy has averaged almost 5% annual growth since Morales came to office, Bolivia's best performance in three decades. "Bolivia is the most profound...
Despite the energy nationalization and Morales' strident anticapitalist rhetoric, Weisbrot adds, foreign investment is higher now than it was under many of Morales' predecessors. Much of that success was driven by the decade's abnormally high prices for commodities like natural gas, and it was hardly expected from a man who, like Brazilian President Luiz Inácio Lula da Silva, did not attend college and concedes he didn't know what inflation meant before he became President. "When Morales admitted [during a visit to the U.S.] that it wasn't until after his election that the concept was explained...