Word: riches
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...there isn’t a young woman in the whole world who doesn’t sense an upcoming declaration of love at least a week in advance.” It’s true. It is also true that criminals are less stingy than the gluttonous rich. The book makes the comparison that those with “large modern day fortunes [that] were amassed through the most dishonest means” are as bad as stingy smokers that refuse to offer their whole pack lest someone takes more than...
...before returning to earth some 50 miles (80 km) from his home. Thankfully, Falcon was discovered hours later, reportedly hiding in a box in the family's attic. While his ill-advised adventure never really got off the ground, there is a rich history of do-it-yourself balloon travel - and many of these voyages do have tragic endings. (Read a Tuned In post about the "Balloon Boy" reality TV connection...
...China, which is set to become the world's biggest energy consumer within five years, according to the International Energy Agency in Paris. And for China, Russia provides a safer, more direct source for gas and oil than either the Persian Gulf or the Horn of Africa. Energy-rich Russia has suffered from tanking oil and natural gas prices, while China has managed thus far to weather the global economic downturn thanks to $586 billion in government stimulus spending. China has taken advantage of more than $2 trillion in foreign-exchange reserves to shop for energy and mineral reserves abroad...
...China's energy demands are expected to climb steeply over the next two decades. The country now gets 70% of its power from coal-fired generation and just 3% from cleaner-burning natural gas. China has rich coal resources, but the material is generally of low quality and contributes heavily to the country's severe air pollution. China will continue to rely on coal to fuel its energy needs, but the proportion of cleaner natural gas is expected to rise. The U.S. Department of Energy's Energy Information Administration estimates that China's natural gas demand will triple...
...while China needs Russia's vast energy reserves, it can afford to wait a little while. Beijing has already tapped into Central Asia's vast gas reserves. A new pipeline from Turkmenistan is scheduled to begin gas shipments to China in December via Uzbekistan and Kazakhstan, both gas-rich countries. China also has access to the world's largest natural gas field, the South Pars, which is shared by Iran and Qatar. In June, CNPC purchased a block of the Iran-owned South Pars field after the French energy giant Total walked away from the bid for fear of antagonizing...