Word: petroleum
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...news for some of the poorest countries in the world's poorest continent. After all, Norway and Britain used North Sea oil to underwrite their welfare states, while small oil powers like Oman and Brunei found themselves catapulted out of subsistence living in a generation. Likewise, Alberta's burgeoning petroleum industry has transformed the province into a major driver of the Canadian economy. But oil is not always a boon. What if it fuels corruption rather than development, and creates the same combustible mix of great wealth, relative poverty, grievance and instability as it has in the Middle East? Economists...
There wasn't much choice for the British Petroleum chief who smeared his gay lover to protect himself, or for the Administration's "AIDS czar," Randall Tobias, 65 and a father of four, who resigned after his name surfaced in the case of Deborah Jeane Palfrey, the "D.C. madam" charged with racketeering. She denies running a brothel; he denies getting anything more than a massage. But that was sufficient to sink him, since his mission was promoting abstinence and fighting prostitution...
...Maliki wants a vote in parliament by the end of May. But talks in Dubai last week left even one of the law's authors grim about its prospects. "I can assure you the law will have a very rough ride in parliament," says Tariq Shafiq, an Iraqi petroleum consultant in London after the Dubai meeting. "I expect at least 30 to 50% objection." The new Sunni oil potential adds another huge and volatile element to the talks...
...said, “A presence in any country is characterized by a long-term commitment regardless of the regime.” Including genocidal dictators. Schlumberger’s presence in Sudan involves providing services to the three largest oil players in the country—China National Petroleum Company (parent company of Petrochina), the Oil and Natural Gas Company of India, and Petronas. Gould told me that his company pays $13.2 million every year to the Sudanese government and Sudan’s former finance minister Abda Yahia el-Mahdi has said that more than 70 percent...
...excellent Portuguese seafood restaurant, I met Alecio Costa, a former mercenary who'd staged a coup in 2003 and held power for a week before, you know, realizing he really couldn't be bothered to exercise it, and giving it back. I roused the head of the National Petroleum Agency from his siesta and interviewed him as he sat bare-chested on his verandah with his unfastened belt hanging between his legs. I drank excellent coffee, ate some great dark, heavy chocolate, and when I ran out of people to meet, Danielo took me to see the Boca del Inferno...