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...abundance. Early data compiled by industry consultants also suggest the presence of massive offshore oil deposits. Those finds have spurred oil explorers to start dropping more wells in East Africa, a region they say is an oil and gas bonanza just waiting to be tapped, one of the last great frontiers in the hunt for hydrocarbons. "I and a lot of other people in oil companies working in East Africa have long been convinced that it's the last real high-potential area in the world that hasn't been fully explored," says Richard Schmitt, chief executive of Black Marlin...
...They're hoping to mimic London-based Tullow Oil, which discovered some 2 billion bbl. of oil in landlocked Uganda over the past four years. Last month, Texas-based oil company Anadarko Petroleum Corp. announced that it had tapped a giant reservoir of natural gas off the coast of Mozambique. "Anadarko's find went off like a bomb here in Houston," says Robert Bertagne, a Texas-based oil wildcatter. "It was, 'Wow, we are finding large quantities of gas, and that means we have hydrocarbons in the area.' Once you have a discovery, more people are going...
...sudden, it changed the dynamic: it eliminated the possibility of short-term cheating. If you cheated one person, it would go on your record. And then suddenly nobody would want to do business with you. That long-term view is really critical. And then the last thing is the feedback. When we put in place rules from government, new laws, regulations, you just have no idea how it's really going work out. So you need a feedback system that actually allows you to judge, to monitor, to make changes, to be adaptable...
...staying the course could carry a high price. Trying to fight on for civilian trials could produce the kind of dramatic vote against the President that took place last spring, when the Senate voted 90-6 to block the transfer of Guantánamo detainees to the U.S. A Graham amendment to block funding for civilian trials for 9/11 conspirators failed 55-45 last fall, but Democratic aides say an undetermined number of Democrats may have slipped since Christmas...
...owned bank VTB following the company's purchase of 30 Chinese oil rigs in 2007. His report electrified Russian Netizens when he published it on his blog in November. Authorities initially declined to open a criminal investigation into the deal, saying there were insufficient grounds to do so, but last month Moscow prosecutors sent the case back to the police for further review, which is ongoing. For Navalny, forcing his opponents into a dialogue is often victory enough. "Even a nonsense answer exposes the company somewhat," he says. "At the very least the person responding has to give his name...