Peak oil has been a matter of discussion in recent times. Christophe de Margerie, the Chief Executive of Total in France, says the world will never produce 100 mn barrels per day of oil; we currently produce around 85 mn barrels per day of oil. In UK, it is widely understood by the general public that the U.K. is going to be a net importer of energy from now on. Peak oil is a reality. It may take a generation for all the effects to be played out but they will be played out.
England, Canada and Israel remained the nations generating the warmest feelings among Americans. Americans' warmth toward China, India and Israel grew the most.
The brunette from Toronto was chosen from five contestants, including four from Latin America, in the final round of the competition.
The top performing microfinance institutions the world over are achieving high growth and profitability.
Oil rich Venezuela, which has been lobbying for the non-permanent UN Security Council seat for a long time, distributing huge amounts of aid among African, Asian and Caribbean nations. But it is vehemently opposed by the United States.
A news report had claimed that Bush had threatened Dr Singh with regard to voting for Venezuela in the elections for non-permanent members of UN Security Council.
Libya's defiant leader Muammer Gaddafi vowed to fight his detractors and die a martyr, as outrage grew over the bloody suppression of anti-government protests in his country.
Chavez also said the UN has become worthless.
The United World College invites applications for its two-year International Baccalaureate programme in its colleges in India, Canada, Hong Kong, Italy, Norway, Singapore, Swaziland, UK, USA and Venezuela.
'Arms acquisition by India gives credibility to the Russian defence hardware.'
Most rich and upper-middle class Indians are greatly under-taxed. Worse, the government annually writes off over Rs 5 lakh crores through exemptions. This practice must be ended if the growth-development disconnect is to be abolished, says Praful Bidwai.
The DMK will not regret parting company with the Congress as Karunanidhi knows that in this era of coalitions, it is impossible for the Congress-led government to seek a third term, given its track of record of scams. Even otherwise, the Congress has no base in Tamil Nadu where it has been out of power since 1967, says S Murari
The problem is not just India's. China, too, must deal with a commercially resurgent Russia. Beijing had signed, in 2005, a $1-billion order for 34 giant IL-78 transport planes and 4 IL-78 refuelling aircraft. Now Russia has realised that it cannot meet its own as well as Beijing's requirements. That contract is being renegotiated at a higher price.
As it is, a great deal of oil is produced in countries with little to underpin their economies besides oil, so pricing the black stuff in an international currency makes sense, especially when that currency is that of the primary buyer of the oil concerned. It makes things simple for the buyer and lets the seller take its revenue in a major currency.
India needs to be assertive in its stance that it will not sit down for a dialogue where it is treated at par with its anarchic and erratic neighbour.
Argentina's Leandro Cufre and Maxi Rodriguez were also banned and fined for the brawl after the Germany game.
The government has notified a list of 57 countries in Africa and South America that would get duty benefits under the Focus Market scheme, announced in the Foreign Trade Policy early this year, to boost exports.
A separate poll showed that more than a third of Britons did not know where Trinidad and Tobago is.
Brazil and Paraguay share second place in the World Cup qualifying standings with four points, behind Argentina on six.
- Brazil have failed to win any of their last meetings against Group F opponents Croatia, Japan and Australia, suggesting their first round progess will not be as easy as anticipated.
In the US, recession started in December 2007, and will last at least until December 2009 - the longest and deepest US recession since World War II, with the cumulative fall in GDP possibly exceeding 5 per cent. The recession in other advanced economies (the euro zone, United Kingdom, European Union, Canada, Japan, Australia, and New Zealand) started in the second quarter of 2008, before the financial turmoil in September and October further aggravated the credit crunch.
Brazil beat a Lucerne select side 8-0 in front of a capacity 30,000 crowd at the St Jakob stadium
Arriving in Oran, Algeria, ahead of an Opec ministerial meeting on Wednesday, Ali Naimi, Saudi Arabia's powerful oil minister, said Opec had so far cut a total of 1.7m barrels a day, with Saudi Arabia accounting for 1.2m b/d.
Nikhil Lakshman reports from the United Nations General Assembly, which Prime Minister Manmohan Singh addressed on Saturday.
India has climbed up 10 notches on the World Competitiveness Scoreboard and has ranked 29 due to its technological achievements and booming services sector.
Government's refusal to allow Oil and Natural Gas Corporation to acquire oilfields in Nigeria and Ecuador has cost the country 23 million tonnes per annum of oil production, a top official said on Friday.
With volatile international oil prices costing the country $43 billion in import bill, energy-hungry India has called for forging enduring partnerships between oil producing and consuming countries to contain the effect of surging oil prices.
After MacDonald's and Pizza Hut it is the turn of US-based restaurant chain 'Hooters of America' to open outlets in major Indian cities.
Crude oil prices zoomed to news highs closing in on the $47/barrel mark after supply concerns from Venezuela and Iraq. The US Nymex crude has advanced 27 cents to $46.85/barrel in intra-day trades.\n\n
Energy-hungry India is scouting for oil and gas assets in Central Asia, Africa and Latin America to feed the requirements of its rapidly expanding economy.
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