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by Fran on Tue Aug 12th, 2008 at 03:18:38 PM EST
SPIEGEL Interview with IAE Head Nobuo Tanaka: 'We Live in an Era of High Energy Prices' - International - SPIEGEL ONLINE - News

After rising for months, oil prices are now on the decline. SPIEGEL spoke with the head of the International Energy Agency about the future of oil prices, the growing importance of nuclear power and the quantity of oil left in the world.

SPIEGEL: Mr. Tanaka, do you know what your organization predicted the price of oil would be in 2010 in a study conducted three years ago?

Tanaka: No, I wasn't in office at the time. Tell me.

SPIEGEL: It was $35 a barrel.

Tanaka: Then we must have been very wrong.

 Demand for oil is falling, as is the price. But for how much longer? SPIEGEL: Why are all observers of the oil market, not just the International Energy Agency (IEA), so far off with their estimate of price developments?

Tanaka: The demand for crude oil has grown much more quickly than expected, especially in emerging markets like China and India. At the same time, on the demand side the producing countries have not expanded their production capacities sufficiently. The market has become extraordinarily tight as a result.

SPIEGEL: You're making it a little too easy for yourself. The incorrect estimates are also based on the fact that there is little reliable data in this market, especially on oil production.

Tanaka: The market clearly lacks the necessary transparency; otherwise it would work better. That's why we are currently working intensively on a major study on the productiveness of more than 700 of the world's most important oil fields, which will be published in November. We want to find out how large the potential is, but also the extent to which production is declining in individual fields. I too am very curious to see the results.

by Fran on Tue Aug 12th, 2008 at 03:21:10 PM EST
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International Energy Agency - Wikipedia, the free encyclopedia
Only OECD member countries can become members of the IEA.

Norway aside, no IEA member is an oil exporter. It's useful for OECD countries to have an agreement and an agency that requires stockpiling of oil. But let's not presume that the IEA means much otherwise, or has special insight insight into the demand or production trends of the countries outside the rich west.
by nanne (zwaerdenmaecker@gmail.com) on Tue Aug 12th, 2008 at 06:21:26 PM EST
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Interview with the Head of Afghanistan's Secret Service: 'Piles and Piles of Evidence' that Pakistan Is Responsible for Insurgency - International - SPIEGEL ONLINE - News

In a SPIEGEL interview, Amrullah Saleh -- the head of the National Directorate of Security (NDS), Afghanistan's domestic intelligence agency -- discusses Pakistan's role in the Taliban insurgency and recent terror attacks against German soldiers.

 An attack on the Indian embassy in Kabul on July 7: Is the Pakistani army behind the insurgency in Afghanistan? SPIEGEL: Mr. Saleh, is it possible the Taliban could win with its insurgency in Afghanistan?

Saleh: We have a lot of security problems, there is a lot of violence. But this is a violence unleashed with the help of Pakistan. They want to pull the brakes on us in order to hinder the coming elections. Afghanistan itself is not the source of the problem.

SPIEGEL: Who are these fighters who are not only killing Afghan and Western security forces, but also predominantly innocent civilians? And who is deploying them?

Saleh: The tribal agencies of Pakistan, like Bajaur and North and South Waziristan, are kept by the government as a strategic pool of fighters. From there, fundamentalist warriors are sent to fight in Afghanistan or elsewhere.

by Fran on Tue Aug 12th, 2008 at 03:23:15 PM EST
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India exemption: NSG to decide on Sept 2- Politics/Nation-News-The Economic Times
WASHINGTON : Even as diplomatic initiatives to ensure the support of all Nuclear Suppliers Group (NSG) countries hot up, India and the US have decided to schedule a second meeting of the group on September 2.

The second meeting would be crucial as this is where the NSG countries will vote on whether to give India an exemption to undertake international nuclear trade. The first meeting scheduled for August 21 will give India and the US the opportunity to explain the merits of the India-US civilian nuclear trade and also answer any questions the NSG countries have on the exemption draft, which was circulated last week.

New Zealand and some European countries, which have strong non-proliferation roots, are expected to raise objections. The gap between the two meetings has also been worked out in such a way so that representatives attending the August 21 meeting have time to go back and explain the deal to their respective governments.

For India, Switzerland, New Zealand, Austria, Ireland and the Netherlands are the toughest NSG countries who have opposed exempting India for civilian nuclear trade.
by Fran on Tue Aug 12th, 2008 at 03:27:36 PM EST
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Opec pushes output to record level

Opec last month pushed its production to the highest level in its 48-year history even as demand was slipping in the US and Europe, the International Energy Agency (IEA) said on Tuesday.

The combination of surplus supply and weaker demand has pushed oil prices to $113.50 a barrel, down 24 per cent in the past month and the lowest level since late April.



In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Aug 12th, 2008 at 03:44:45 PM EST
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Ill and in pain, detainee dies in U.S. hands - International Herald Tribune

He was 17 when he came to New York from Hong Kong in 1992 with his parents and younger sister, eyeing the skyline like any newcomer. Fifteen years later, Hiu Lui Ng was a New Yorker: a computer engineer with a job in the Empire State Building, a house in New York, a wife who is a United States citizen and two American-born sons.

But when Ng, who had overstayed a visa years earlier, went to immigration headquarters in New York last summer for his final interview for a green card, he was swept into immigration detention and shuttled through jails and detention centers in three New England states.

In April, Ng began complaining of excruciating back pain. By mid-July, he could no longer walk or stand. And last Wednesday, two days after his 34th birthday, he died in the custody of Immigration and Customs Enforcement in a Rhode Island hospital, his spine fractured and his body riddled with cancer that had gone undiagnosed and untreated for months.

On Tuesday, with an autopsy by the Rhode Island medical examiner under way, his lawyers demanded a criminal investigation in a letter to U.S. and state prosecutors in Rhode Island, Connecticut, Massachusetts and Vermont, and the Department of Homeland Security, which runs the detention system.

by Fran on Wed Aug 13th, 2008 at 01:29:52 AM EST
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Now that's the image of amurka's shining democracy.  At least they didn't confiscate his laptop.

(Ouch)

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Wed Aug 13th, 2008 at 04:40:40 AM EST
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Oh my.

So he was held for 12 months for having overstayed a visa years ago, even though he made himself known to the authorities since he was in the process of getting a green card (presumably he now had a visa. Wouldn't the delivery of it have been the appropriate moment to discuss what bugs the government had with him?).

The cancer just makes it that much more horrible, but the 12 months of detention for petty stuff, my...

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Wed Aug 13th, 2008 at 07:46:39 AM EST
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Plans to Open Iraqi Oil Fields Suffer Setback

BAGHDAD -- Oil negotiations between a handful of foreign companies and the government here appear stalled, setting back once again efforts to open up Iraqi oil fields to international companies.

A petroleum law that would provide a legal framework for foreign investment has long languished in Parliament. Still, momentum had built up in the spring and early summer for a series of limited so-called technical-service contracts negotiated between a group of major oil companies and the Iraqi Oil Ministry.

The deals, essentially consulting contracts, were limited in nature and small-scale by oil-industry standards. They were intended to serve as short-term deals that would halt or reverse declining production at a handful of specific fields, while tenders for longer-term technical contracts could be vetted.



In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Aug 13th, 2008 at 07:29:40 AM EST
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