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Burma’s Junta Has the West over a Barrel

Spiegel - The stubbornness of Burma’s military junta puts the West into a hopeless situation. If the international community wants to provide relief to victims of Cyclone Nargis, then it has to play by the regime’s rules. But the West’s submissiveness sends a dangerous signal to despots everywhere.

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Spoiling the barrel

Guardian - As the oil price probes ever higher, people are increasingly wondering if supply can keep meeting demand, even in a world abandoning its Hummers and Ryanairs. The publication on Wednesday of BP’s annual statistical review of world energy was therefore timely. According to the oil giant’s chief executive, Tony Hayward, this [...]

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An ominous warning that rise in oil prices has only just begun

Independent - The chief executive of the world’s largest energy company has issued the most dire warning yet about the soaring the price of oil, predicting that it will hit $250 per barrel “in the foreseeable future”. The forecast from Alexey Miller, the head of the Kremlin-owned gas giant Gazprom, would herald the [...]

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