Word: oil
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...that the economy is suffering from excess capacity. The falling prices, by eating away at the financial health of companies, could lead to more downsizing and slower growth. "The recent price falls are not right and worrisome," Japan's Finance Minister Hirohisa Fujii recently said. (Read "Abu Dhabi: An Oil Giant Dreams Green...
...Humans won't be the only animals to benefit. Clearing land for palm-oil plantations is Indonesia's leading cause of deforestation, says a 2007 U.N. report, with Sumatra, Kalimantan and Papua the three worst-affected provinces. Thanks largely to the global appetite for palm oil, which is found in everything from chocolate bars to biofuels, the natural habitat of endangered animals such as the orangutan and Borneo rhino shrinks further each year. REDD could save them, said a recent study of Kalimantan by researchers from the University of Queensland in Australia. They believe that the revenues generated by preserving...
...Turkmenistan is open for business like never before. After falling out with its close ally Russia earlier this year, the country has taken unprecedented steps to encourage foreign investment. Last month, the government hosted a landmark investment conference in Ashgabat, inviting hundreds of representatives from oil, gas and other companies to meet with government officials to discuss possible business ventures. It was also the first time in a decade that foreign journalists were permitted to travel freely in the country. (See pictures of Russia celebrating Victory...
...always, 'Thanks but no thanks,'" says one Western diplomat, who requested anonymity for fear of hurting his operations in the country. "It comes down to trust, and this is not a society that is used to having discussions around a table." Another Western official compares Turkmenistan to tightly controlled, oil-rich Kuwait. "They don't need our money, and they don't want us meddling here," the official says...
...given how much natural gas and oil Turkmenistan has under its desert sands, the U.S. and Europe look determined to keep trying to get a foot in the door. Just how they can achieve this in a crowded marketplace - and without a warmer welcome from the wary Turkmen - remains to be seen...