Word: rig
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...everyone is unhappy with high oil prices. Besides oil companies, these are boom times for oil-field-service firms like Schlumberger, whose oil-field revenue is up 34% over last year's first quarter, and high-tech equipment makers like Baker Hughes (up 89%). Rig activity is so strong and demand for energy services so unprecedented, according to Dave Lesar, CEO of Halliburton Co., the Vice President's former outfit, that the oil-field-service conglomerate started raising prices this month. So have others. Oil-drilling ships are renting for $500,000 a day, double the charge of 18 months...
...entirely new skill that could change this region as much as have the wars in which he has fought: drilling for oil. Since late November, he has toiled about 9 m aboveground on the first derrick erected in Kurdistan in decades - by a Norwegian outfit using a Chinese rig, of all things. From the top, there is a panoramic view of the hills around his tiny village of Tawke, where 30 families eke out a meager living herding sheep. It hardly looks like the location for a major economic boom. "We are poor," he says, sitting on his bunk during...
...would have huge advantages over other Iraqi sites: its output could be piped a short distance to Turkish refineries without passing through any war zones. Whether the gushers come in or not, Kurdistan is already booming. On the border with Turkey, about a half-hour drive from the DNO rig, it's clear Kurdistan has become Europe's gateway to Iraq. Trucks from Turkey, Austria, Bulgaria, Germany and the Netherlands are backed up for many kilometers. Sea cargo from Dubai is diverted through Jordan, Syria and Turkey before reaching Kurdistan, where it is transferred to Iraqi trucks before proceeding...
...Abbas nor Olmert, acting Prime Minister and all but certain to continue in that role, fit the bill. As President of the Palestinian Authority, Abbas, a member of Fatah, has to contend with the radical Islamic government of Hamas, which won the Palestinian elections in January. And Olmert must rig up a coalition government with potentially troublesome partners to secure a majority in the Knesset. Until he does that, say advisers, he will not move into Sharon's office. But putting a coalition together is just a start; political observers in Jerusalem say that Olmert's plans to "disengage" with...
...confusion, unlike the Bose and the Klipsch, the Hi-Fi can run on six D-cell batteries. In what locations without a power plug would a 14.5-lb. sound system come in handy? Up in a tree fort, perhaps? Surely even Bart Simpson would rig up an extension cord...