Word: oil
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...vote had been delayed for weeks over the apparently parochial issue of electoral lists for the contested northern city of Kirkuk. Oil-rich Kirkuk, claimed by Iraq's Kurds as an integral part of their autonomous semistate but administered by the Arab-dominated government in Baghdad, has long been a potential flash point in the uneasy relationship between the Kurdish autonomous region and Baghdad. Sunday's compromise, which allows recent Kurdish returnees (much of the city's Kurdish population had been expelled by Saddam Hussein, precisely to cement Arab control there) to vote in Kirkuk but gives parliament the authority...
...constitution, and Kurdish politicians have begun to suspect that al-Maliki intends to use the central government's growing strength to push back against gains won by the Kurds in the aftermath of the invasion, when the government in Baghdad was weak. The central government has already blocked oil pumped under the auspices of the Kurdish regional government from being exported in Iraqi pipelines, even though revenue from the sales would have been shared with the central government...
Here's the bad news about the global recession's potentially coming to an end: the recovery could spark a massive energy crisis with increased demand for fossil fuels from China and other developing countries, tighter oil supplies and skyrocketing oil prices. And this is just in the near future. The longer-term picture looks even more daunting. If the world continues to guzzle oil and gas at its present pace, global temperatures will rise by an average of 6°C by 2030, causing "irreparable damage to the planet...
...BOONE PICKENS, financier, arguing that U.S. energy companies should receive Iraqi oil contracts as compensation for the loss of American troops in Iraq...
Gore also framed the climate change issue in economic and security terms, arguing that much of the U.S. economic deficit and military presence in the Middle East can be traced back to “our ridiculous and absurd dependence on oil, coal, and other carbon-based fuels?...