Word: oiling
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Omar Bongo, 73, assumed the presidency of the West African nation of Gabon in 1967 and remained in power until his death on June 8. An authoritarian leader, Bongo--who had been the world's longest-serving President--was criticized for using Gabon's vast oil resources to fund a lavish lifestyle...
...Ross's view, is the state of Iran's economy. Though it sits on the world's third largest reserves of oil, Iran faces a growing economic crisis. The government is dependent on oil exports for 85% of its revenue, but Iran's aging production capacity is diminishing by about 500,000 bbl. per year, according to some analyses. What oil it can produce, it has little ability to refine, importing as much as 50% of its gasoline. In 2007, Iran imposed gas-rationing, which set off riots...
...that said, the U.S. faces an uphill battle to gain broad support for tougher sanctions, including those targeting Iran's ailing energy sector; Iran sits on the world's third largest oil reserves, but it loses as much as 500,000 barrels a year in production capacity and what it does produce it has little ability to refine, importing up to 50% of its gasoline. Russia has said it does not support sanctions beyond those targeting businesses with direct ties to the nuclear and missile programs in Iran...
...terms "Af-Pak," the post-Soviet 'Stans to the north present their own strategic quagmire. The tactical support of governments in the region is becoming increasingly vital for U.S. plans to bring stability to Afghanistan. Central Asian countries also sit atop a significant chunk of the world's untapped oil and natural gas reserves, assets that are eyed covetously by both neighboring Russia and China, as well as the West. Yet the region - dominated by corrupt and repressive regimes - is itself precariously poised, home to its own native Islamist insurgencies vulnerable to domestic upheaval. "There is the possibility for really...
...hardly isolated from global events: the impact of the worldwide recession is pushing some Central Asian societies to the brink. Tajikistan, like other poor Central Asian nations, has over the years seen many of its able-bodied men leave to work in the more prosperous cities of Russia and oil-rich Kazakhstan - at least a tenth of the Tajik population of 7 million is migrant labor. Remittances sent home comprise some 40% of the country's total GDP, according to UN figures, and account for only slightly less in Uzbekistan and Kyrgyzstan. Now, with the collapse of the Russian economy...