Word: russian
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Saudi to the Rescue? From Iraqi insurgents targeting pipelines to Russian prosecutors targeting Yukos to storms in the Gulf of Mexico, threats to oil production have sent the price of crude soaring. With growth in global demand at a 24-year high and supply overstretched, any hint of disruption becomes a market mover. Oil prices hit $46.65 per bbl. last week - the highest in the 21-year history of New York Mercantile Exchange futures - amid fears of political unrest in the wake of oil-rich Venezuela's recall referendum on President Hugo Chávez. The soaring price might...
...most analysts now predict prices will hit $50 per bbl., a far cry from the less than $10 per bbl. that crude fetched back in 1986. Supply and demand are powerful in theory, but for the moment they're taking a backseat to fear. If Yukos dries up (the Russian titan produces 2% of world supply) or insurgents hit oil installations in Iraq, Nigeria or - whisper it - Saudi Arabia, then $40 per bbl. might start to look almost cheap. Back Down To Earth A mixed week for British Airways: the carrier cheered first-quarter profits of $128 million after...
...favor an official code of silence, reasoning that talking too much can give accomplices who may still be out there some scrap of information they need to continue eluding capture. In 2002, for example, officials withheld information discovered in a sweep of Chechen-trained jihadists planning to bomb the Russian embassy in Paris. Investigators used the undivulged leads to chase down additional members of the plot and uncover details of far greater planned violence...
...QUESTIONS PEOPLE ASKED ABOUT IT? When I went to the Olympics, I had every intention of shaving the mustache off, but I realized I was getting so many comments about it--and everybody was talking about it--that I decided to keep it. I had some fun with a Russian coach who asked me if my mustache slowed me down. I said, No, as a matter of fact, it deflects water away from my mouth, allows my rear end to rise and make me bullet shaped in the water, and that's what had allowed me to swim so great...
...November's legislative and presidential elections. Separatist Strains GEORGIA Firefights between government forces and separatists in the breakaway province of South Ossetia claimed at least three lives and wounded more than 60 before representatives from Russia, the Organization for Security and Cooperation in Europe, and the Russian region of North Ossetia brokered a cease-fire. The Georgian parliament passed a resolution demanding that Russian peacekeepers deployed in South Ossetia be replaced by international troops...