Word: gas
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...Motor, doesn't care if his company loses the race to be the first Chinese automaker to sell cars in America. He doesn't worry about rival automakers from the Chinese mainland beating him with coupes or sedans or mini cars that go 50 miles on a gallon of gas. What Chen does care about is exporting a competitive Chinese-made SUV, ideally within a couple of years. "What's important to us is for the market to accept us," he said through an interpretor in an interview at the Detroit auto show. On Monday, Changfeng took the wraps...
...important to China that Pyongyang not provoke a regional nuclear arms race than it is to deny the U.S. diplomatic support. Contrast such helpfulness with China's behavior on the dispute over Iran's nuclear ambitions. In December, China signed a $16 billion contract with Iran to buy natural gas and help develop some oil fields, and it has consistently joined Russia in refusing to back the tough sanctions against Tehran sought by the U.S. and Europe. "It's hard to say China's been helpful on Iran," says a senior U.S. official, and there is little sense that such...
...Over New Year's, Russia forced Belarus to pay a whopping increase in gas prices; Belarus retaliated by stealing oil from the pipeline. But Putin's bile may have origins other than the current quarrel over the price of energy. In the 1990s, Lukashenko, although the president of another country, was immensely popular in Russia because he loudly advocated the reintegration of Belarus with Russia - so much so that some analysts believed he was maneuvering for the top position at the Kremlin itself. At that time, Lukashenko cut a much more attractive figure than then Russian President Boris Yeltsin...
What happens when the little guy plots revenge? Over New Year's Day, tiny Belarus caved in to Russia, its gigantic gas supplier and next-door neighbor, agreeing to a steep rise in prices. On Jan. 3, however, Belarus' neo-Stalinist President Alexander Lukashenko - and formerly a professed ally of Russian President Vladimir Putin - said on television that his government officials should "feel free getting oil supplies at your discretion, wherever you can" at non-extortionist prices. "Oil refineries must be supplied. Otherwise, our chemical/petroleum industries, that account for half of our economy, will stop, which means millions of people...
...state's highest office, sides with the opposition on so many issues. Last year, while powerless G.O.P. legislators quietly seethed, Schwarzenegger cut deals with Democratic leaders to push through laws raising the state minimum wage, providing low-cost prescription drugs to uninsured indigents and putting strict limits on greenhouse gas emissions. It showed voters that the Republican Governor could play well with Democrats. And after a stumbling 2005 in which he alienated voters on all sides of the aisle with his misguided government reform agenda, he subsequently sailed to re-election last November...