Word: petros
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Dates: during 2000-2009
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Syncrude, headquartered just north of Alberta's booming Fort McMurray, is a consortium of U.S. and Canadian oil companies including Imperial, Petro-Canada and ConocoPhilips that produces 350,000 bbl. of light, sweet crude per day from tar sands at three mines on the banks of the Athabasca River. About two-thirds of that gets piped to the U.S. Syncrude accounts for about 27% of the 1.3 million bbl. extracted by oil companies every 24 hours from this stark landscape of jack pine, spruce and poplar forests shot through by a bright northern light...
...alarming features of the current international system. First, it exposes the chill in relations between the U.S. and Russia, which is making it difficult for the U.N. Security Council to meet 21st century collective-security challenges. Putin has used the Kosovo standoff as yet another excuse to flaunt his petro-powered invincibility, sending his likely successor, Deputy Prime Minister Dmitri Medvedev, to Belgrade to sign a gas agreement. If a firm international response is to be mobilized toward Iran, Sudan or other trouble spots in the coming years, the U.S. will have to find a way to persuade Russia...
...Putin comes across as a leader of great character and vision. In years to come, the Putin era will be a case study of how to use oil riches. Surely many oil-producing countries in the Middle East can learn valuable lessons about various ways to direct petro-dollars to constructive purposes that have nothing to do with supporting terrorist organizations. Sudarshan Kumar Singh, Nainital, India...
...like China to replace Western oil outfits--a prospect that pains Washington, especially since Chávez is ratcheting up oil exports to China to reduce dependence on the U.S. market. Chavistas argue that if the U.S. is so concerned about global oil supply, it should lean on its own petro-allies--like Mexico and Saudi Arabia--which ban the foreign participation in oil ventures that Venezuela at least still allows. (Oil production in Mexico is also in serious decline...
...Chavez, who has used his petro-largesse to build a raft of global alliances, now exploiting the big screen to spread propaganda for his socialist revolution? Chavez critics in Washington, like Florida congressman Connie Mack, are blasting Glover for cutting "a sweetheart movie deal" with Chavez, whom they denounce as a protege of Cuba's communist comandante, Fidel Castro...