Word: opec
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...WILL OPEC GO BUST...
...anytime soon. In the aftermath of war, Iraq could come under U.S. pressure to quit OPEC, but Baghdad is likely to resist because of its continued interest in maintaining higher prices. OPEC's share of world petroleum output has been slipping, however, from more than 50% in 1974 to about 42% today. And if cash-strapped Iraq eventually decides to boost production as high as 6 million bbl. a day, it could push world prices down sharply. So cheap oil may be on the way, but it could be a long time coming. --With reporting by Blaine Greteman/London, Scott MacLeod/Cairo...
...First things first. On the metallic world of Cybertron, the heroic Autobots battled the evil Decepticons for control of the planet. In what was perhaps a reflection of residual anxieties about OPEC and the energy crisis of the 70's, writers chose to make energy the crux of the narrative. With their world long since drained to a husk by a never-ending war, the two factions left their planet in search of more energy. Four million years ago, they crash-landed on Earth, beginning a Rip Van Winkle-like slumber that would last until Debbie Gibson. In 1984, they...
...OPEC has more than fuel cells to worry about from nanotechnology. Last month China's largest coal company licensed U.S. technology that will enable it to build a $2 billion coal-liquefaction plant in Inner Mongolia. The heart of this new technology is a gel-based nanoscale catalyst that improves the efficiency of coal conversion and reduces the cost of producing clean transportation fuels. If the technology lives up to its promise and can economically transform coal into diesel fuel and gasoline, coal-rich countries such as the U.S., China and Germany could depend far less on imported...
...Internet users' access to the Google search engine. Alta Vista remained blocked. British Energy's meltdown Britain's government threw British Energy a $640 million lifeline but did not rule out bankruptcy for the struggling nuclear company, which provides 20% of the country's power. INDICATORS All Eyes On OPEC Oil prices briefly topped $30 a barrel last week, and the International Energy Agency warned that tight supplies, rising demand and the prospect of an Iraq war could push oil even higher unless OPEC increases production when it meets on Sept. 19. Preparing For The Worst Russia began offering foreign...