Word: oiling
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...move that may be even more important to the long-term interests of the mainland, the China Development Bank agreed to loan Brazil's oil giant Petrobras (PBR) $10 billion for exploration projects. The South American oil company also apparently agreed to sell China-controlled oil company Sinopec (SNP) crude supplies for the balance of the year. It does not take detective work to come to the conclusion that the two arrangements were related. In late 2007, Petrobras said it had discovered new fields far off its coast that contain as much as 8 billion barrels of oil...
...Today, the vast majority of Americans travel by either car or airplane, depending on the distance of their journey. This has contributed to our debilitating dependence on foreign oil and has made our transportation system lag behind others in the developed world, as countries like South Korea, France, Taiwan, and Spain have invested heavily in relatively efficient, fast, and safe high-speed trains that connect major metropolitan areas. Even China, the world’s largest developing economy, is making strides in this area—one can now take a high-speed bullet train from Pudong airport to downtown...
Hugo Chávez owned the last Summit of the Americas, in 2005. Thanks to rising oil prices, the Venezuelan President, who controls the hemisphere's largest crude reserves, suddenly had the petro-wherewithal to spread his gospel of a more socialist Latin America free of Washington's imperialist interference. At that summit, in Mar del Plata, Argentina, Chávez led large and raucous demonstrations against President George W. Bush and U.S. plans for a hemispheric free-trade pact, which effectively died at the gathering...
...breathe the same anti-U.S. fire. More moderate leftists like Brazilian President Luiz Inácio Lula da Silva are regarded as Latin America's standard bearers today. Even if the global economic crisis has borne out Chávez's condemnation of capitalism, it has also sent oil prices plummeting - and his populist largesse along with them. At the same time, some supporters worry that as Chávez accumulates more power at home, he's jeopardizing his democratic cachet. This month he prodded Venezuela's Chavista-dominated National Assembly to pass a law that virtually eliminates...
...Latin America who is far harder for Chávez to attack as a yanqui imperialista. "I think Chávez may be trapped at the Trinidad summit," says Nikolas Kozloff, who endorses Chávez's social policies and is the author of Hugo Chávez: Oil, Politics and the Challenge to the U.S. "Populism thrives on conflict, but now with Obama in power, that's more difficult to achieve." After Washington and Caracas expelled each other's ambassadors last year, Kozloff adds, "Chávez faces a difficult choice: either proceed with his rhetorical strategy against...