Word: oiling
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...struggling to understand how a bunch of ragtag youths in small fishing boats can hijack oil tankers and huge cargo vessels [No Surrender to Thugs, April 27]. The crews of these vessels must be properly equipped and allowed to take the appropriate measures to see off the pirates, or the current ludicrous situation will become a complete farce. As it stands, the pirates stand to gain huge amounts of money in ransom payments, but there is very little downside to their operations, so the piracy is only going to spread. Vincent Bristow, KNYSNA, SOUTH AFRICA...
...years ago, everyone wanted to be in business, now they are interested in technology - and our museum is playing a big part in that," says Laveikin. "After the financial crisis ends, they won't be interested in fast money anymore. Now we need to forget about business and oil and focus on rejuvenating our technology sector." (See pictures of the Hubble telescope...
Diminishing supplies of oil and natural gas will push countries into violent competition, the Kremlin predicted in a long-awaited national security strategy paper released this week. The document foresees these struggles playing out in the Arctic as well as the Middle East, the Barents Sea, the Caspian Sea and Central Asia - and states that Russia is prepared to fight for its share of the world's resources...
...while the new paper maintains the belligerent stance displayed last summer and admits that Russia, one of the world's largest exporters of oil and gas, is willing to use military force to protect and even expand its reserve of resources, the tone has been softened. "If you look at what was formulated concerning Arctic strategy last year and you look at this paper, it looks as if the government position has changed and become more moderate," says Petrov. "Another explanation is that the foreign ministry is trying to present strategy in a less aggressive...
...were hard hit by the shrinkage of the export market in the U.S. and Europe, because exports account for 64% of our GDP growth. So one lesson we learned is we should diversify our export markets - we need to look to emerging markets and oil-producing countries. Secondly, we should diversify our export industries - we depend so much on IT industries. Third, we have designated six industries as future flagship industries: green energy, tourism, biotechnology, refined agriculture, and the cultural and creative industries. We are keenly aware these industries in 5 to 10 years will be the major industries...