WORLD VIEW

The Power of Petroleum

Record prices have made oil nations much more confident and less dependent on traditional powers.

NEWSWEEK
From the magazine issue dated Nov 5, 2007

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  • Posted By: jhes3 @ 11/01/2007 12:06:25 AM

    russia is in dying need to become a superpower again and it will try to use any resourse it can to do so .... it will use the middle east and it will use itz oil ....... the question is how to make russia vurnable and suceptable to the democratic countries

  • Posted By: MR.COOKIE @ 10/29/2007 4:36:37 AM

    Man You`re totally right.

  • Posted By: patrickcummins @ 10/28/2007 12:27:11 PM

    Mr. West notes that "Iran, with the world's second largest combined oil and gas reserves, is an importer of natural gas and will depend on imported petroleum products within a few years."

    Right ,and this is exactly why Iran needs nuclear power. People have scoffed that a major producer of petroleum products such as Iran should have no need of nuclear energy. But Iran has little refining capacity and if they are to maintain export levels they will need nuclear energy.

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