Word: gulf
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...years ago, Bob Markway retired. Or so he thought. After joining Shell's exploration and production unit in 1973, Markway had climbed the ranks to manage its deepwater operations in the Gulf of Mexico. He had reached an age and accumulated enough years of service to sail off into the sunset with a good pension. Both kids' college tuitions and one of their weddings were out of the way; his 46-ft. sailboat, the Sazerac, beckoned. But then Hurricane Katrina walloped his house two blocks from Lake Pontchartrain, and his plans for a clean break from his career shifted. "Suddenly...
...freshwater--not just from Greenland but also from melting icebergs and increasing mainland runoff. The resulting drop in salinity could change the density of surface water enough to prevent it from sinking as it cools and returning south to the tropics where it can replenish ocean currents like the Gulf Stream. And because the Gulf Stream is the only reason much of Western Europe has so mild and temperate a climate, such a shutdown of that conveyor belt of heat could be nothing short of catastrophic. Oceanographers reported late last year the ominous news that one element of that family...
...Much of the work is still exploratory, but Western engineers and Kurdistan's Regional Government believe that huge riches could lie underneath. Exploration had been dormant for decades--the region first languished under Saddam's oppressive rule and then was isolated from Baghdad for 12 years after the 1991 Gulf War. "There's a race on to get fields into production," says a Western consultant in Kurdistan, too fearful for his safety to be named. "People are very, very optimistic...
...backed up for miles and carry goods from across the continent. Sea cargo from Dubai is diverted through Jordan, Syria and Turkey before reaching Kurdistan, where it is transferred to Iraqi trucks before proceeding to Baghdad. That route is the only choice: driving north through Iraq from the Persian Gulf is too dangerous...
...effect of Harvard’s divestment decisions, however, hinge on their place in a broader debate. Powerful as it is, Harvard alone cannot bring down the militias, or apartheid, or the tobacco industry. Harvard’s decisions have to fit within a broader movement. On apartheid, Gulf oil, and tobacco, other investors followed suit, and Harvard’s move carried large public weight. So far, Harvard’s divestment from Sudan has been largely neglected externally, and progress on Darfur has been slow. But at least as far as PetroChina is concerned, Harvard has done what...