Word: nuclearization
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...equivalent of the corporate tax that the cap-and-trade - I call it cap-and-tax - agenda is going to usher in. What he needs to be understanding is, we have the domestic supplies of energy in America. It's conventional sources - oil, gas, coal, it's nuclear - and we have the renewable sources here in America. But if we're not allowed to drill and develop those conventional sources in this transition period between now and when we can rely more on alternative sources, we're going to become more and more reliant on foreign sources of energy...
...analysts are jittery this week following comments on Sunday by Vice President Joe Biden that were widely interpreted as a green light to Israel to bomb Iran's nuclear facilities. Many in the industry have long viewed such an attack as a prelude to a nightmare in global energy markets: Iran retaliating by sinking oil tankers in the Strait of Hormuz, blocking the route by which most Persian Gulf oil travels to world markets. "We will be in deep, deep trouble," says Leo Drollas, deputy director and chief economist of the Center for Global Energy Studies in London. "The market...
...sovereign nation, and if it felt threatened by Iran, it would be "entitled to" launch an attack on the Islamic Republic "whether we agree or not." President Obama reiterated in Moscow on Monday that he opposes military action against Iran and instead wants a diplomatic solution to the nuclear standoff. But Prime Minister Benjamin Netanyahu has long maintained that Israel reserves the right to take matters into its own hands if U.S. diplomacy fails to deliver results. (See the top 10 Biden gaffes...
...planned statement," says Cliff Kupchan, director of Europe and Eurasia at the Eurasia Group, a risk consultancy in Washington. "It is very rare for any U.S. official, [much] less the Vice President, to make concrete comments on the possibility of an Israeli military strike on Iranian nuclear facilities." Kupchan warned in a note on Tuesday that Iran could interpret Biden's remarks as "a proxy threat to ratchet up pressure ... and [Tehran could] react aggressively...
...waters of a delicate friendship. The focus of their talks will be the Strategic Arms Reduction Treaty, an epic disarmament agreement that was formed during the Cold War and expires Dec. 5. If the treaty is renewed, Obama gets closer to reaching his goal of having a world without nuclear weapons. Russia is ready to make major reductions to its nuclear stockpile, but only if the U.S. gives up its plans for a missile-defense shield in Eastern Europe. "I am not an optimist about the upcoming talks, but they will be the start of something" says Gleb Pavlovsky...