Word: oils
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Dates: during 2000-2009
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Even though Sudan's civil war officially ended four years ago, tensions continued to fester between the country's north and south over a region rich in oil and symbolism. But on Wednesday, an international panel decided to shrink the borders of the disputed Abyei region, a move that may strengthen Sudan's fragile peace...
...kind of pragmatism is exactly what is needed from the Tripartite Forum talks, whose program includes discussions of visas, financial regulations, education and, yes, the environment. "There's an absolute void there, so when you have a catastrophe like the New Flame [a cargo ship that collided with an oil tanker and sank off the Gibraltar coast in 2007], any initiative by anyone only produces more conflict," he says. "In that sense, any agreement that comes out of the talks will be better than what there is now, which is nothing." (See pictures of Spain's Madcap Tomato Festival...
...sharp drop in demand for Alberta oil, plus auto-plant shutdowns in Ontario, have pushed Canada's trade deficit for May to an all-time high of $1.2 billion. This is in contrast to to a much smaller merchandise-trade deficit of $346 million reported in April and a healthy surplus of $979 million in March, according to the government agency Statistics Canada. (See 10 things to buy during the recession...
...suddenly cratering? Many in Canada blame the U.S., the country's biggest trading partner, whose bankrupt car companies have thrown a wrench into the domestic automotive industry. At the same time, continued contraction of the U.S. economy means energy exports are suffering. (Canada is the biggest supplier of foreign oil to the U.S. economy, ahead of Saudi Arabia and Venezuela.) Year-over-year energy exports tanked 54%, to $4.8 billion, for the month of May, and automotive exports fell 38%, to $2.67 billion. Total year-over-year exports declined 33%, to $25.3 billion...
...ancient Silk Road. Its capital, Urumqi, is far closer to Kabul than it is to Beijing. Xinjiang's population of 20 million is one of China's most diverse, with Uighurs, Kazakhs, Mongols, Tajiks and ever growing numbers of Han Chinese. Beneath the desert sands, reserves of oil, minerals and natural gas abound...