Word: worldlys
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...quickly followed by ExxonMobil and Royal Dutch Shell, which agreed to produce about 2.3 million barrels a day in another giant field called West Qurna. Combined with BP-CNPC's anticipated output from Rumaila, "those three fields alone would be about 6% of total oil production in the world" when output targets are reached, says Munton, the Wood Mackenzie analyst. (See pictures of the Exxon Valdez disaster...
...catalyst for the flurry of agreements appears to be the BP-CNPC deal, Iraq's first international oil contract in nearly four decades. The British and Chinese companies won the right to drill for 20 years in what is believed to be one of the world's four largest fields with potential reserves of about 65 billion barrels. Though it will earn only $2 a barrel, BP says it aims to keep expenses down by using low-cost Chinese labor and equipment. The group promised Iraq's government that it will nearly triple the field's output from 1 million...
...Fresh from a trip to Baghdad, Yves-Louis Darricarrère, who heads global exploration and production for the French energy giant Total, told TIME in early November that oil executives all feared being left out of the rush. "Iraq is extremely important for the industry and for world supply," he said. Even though Total dropped its bid in June for one of Iraq's fields, it is now considering several others on offer in a second round of bids, which Iraq's government has scheduled for mid-December; Iraqi oil officials say they expect about 45 companies to compete...
...Klein has made a strong case for why Hillary Clinton should be President [Nov. 16]. Unfortunately, as Secretary of State serving an inexperienced President, she is hampered by Barack Obama's fantasy foreign policy. During the campaign, Clinton spelled out over and over the harsh realities of the dangerous world she is now confronting. Sometimes blunt is better. Margaret Ray, PEARISBURG...
...love for family and faith in God. With the quote "Di ako bobo" (I'm not stupid!), I salute Manny for not succumbing to the national inferiority complex that came with the colonial spirit. And as a Filipino expatriate, I salute my countryman for being an example to the world that what our forefathers taught us, humility, discipline and faith in God, works wherever you may be in the world. Reginald Ocampo, STUTTGART, GERMANY...