Word: gas
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...impoverished country's once moribund economy. Cambodia's GDP grew 10.4% in 2006 - the highest rate in Southeast Asia that year - and foreign investment shot up some 400% to nearly $4 billion. Thirteen foreign companies, including Chevron, have licenses to explore Cambodia's offshore blocks for oil and natural gas; the government says domestic oil production could begin within three years. The rush for Cambodia's gold coast is on, raising hopes that the economic torpor of this aid-supported nation will finally end. "This part of the country has been a revelation for me," says Steve Smith, a Londoner...
...global food and fuel crisis is resulting in more than just people going hungry. Rising grain and gas prices, as well as the closure of American slaughterhouses, have contributed to a virtual stampede of horses being abandoned - some starving - and turned loose into the deserts and plains of the West to die cruel and lonesome deaths. Horse rescue projects, which are mostly small, volunteer operations with limited land and resources, are feeling the consequences of this convergence of events. In the meantime, many now unaffordable horses are being sold to abbatoirs south of the border where inhumane methods of slaughter...
...They're nuts to think that, but what are you going to do? For now, we'll buy our energy elsewhere. After all, the Americans still patrol the Persian Gulf, guaranteeing that all the oil and gas we buy from there (including Iran's!) will get to China without incident...
...more than anything we need hydrocarbons - oil for the 25,000 new cars that we add to our streets every day in China, because they're not Priuses. And we need natural gas for our power plants. For years we've talked about various proposals, but we still can't agree on price. The Russians want us to pay for natural gas what the rich Europeans pay. Sorry, we can't do it, not when we're supposed to subsidize the construction of the pipeline in the first place, plus pay bribes to everyone in Moscow. An international energy consultant...
...from the truth. That's why, by the way, we sent the Russians a signal just a month before this weekend's summit: we signed a $60 billion long-term liquefied natural gas deal with Qatar. We wanted to show the Russians we had options, that they couldn't dictate prices to us. And so we did. The fact is, we trust sources of supply in the Middle East more than we do the Russians. After all, we haven't fought a war against anyone in that part of the world like we did against the Soviet Union...