American drilling companies stand to make tens of billions of dollars from the new petroleum activity in Iraq long before any of the oil producers start seeing any returns on their investments.
Lukoil and many of the other international oil companies that won fields in the auction are now subcontracting mostly with the four largely American oil services companies that are global leaders in their field: Halliburton, Baker Hughes, Weatherford International and Schlumberger. Those four have won the largest portion of the subcontracts to drill for oil, build wells and refurbish old equipment.
In Rebuilding Iraq’s Oil Industry, U.S. Subcontractors Hold Sway
Citigroup releases more about credit card breach
Citigroup released more details about the May attack that compromised some personal information of about 1 percent of its credit card customers.
According to a statement from the company, 360,083 accounts were breached in total. Of those accounts, 142,426 were not current — they had been closed or new cards had been automatically issued. The company said it has reissued 217,657 new cards to affected customers.
Spitzer telescope snaps stunning image of 'ring' nebula
The Spitzer space telescope has snapped a striking false-colour image of the RCW 120 nebula, a vast cloud of gas and dust where stars have recently formed.
RCW 120 lies about 4,300 light-years away in the constellation Scorpius, just above the plane of the galaxy. It emits a broad range of colours in the infrared region, with wavelengths far beyond those we can see.
Ex-Spy Alleges Bush White House Sought to Discredit Critic
A former senior C.I.A. official says that officials in the Bush White House sought damaging personal information on a prominent American critic of the Iraq war in order to discredit him.
Glenn L. Carle, a former Central Intelligence Agency officer who was a top counterterrorism official during the administration of President George W. Bush, said the White House at least twice asked intelligence officials to gather sensitive information on Juan Cole, a University of Michigan professor who writes an influential blog that criticized the war.
Ft Calhoun Spent Fuel In Ground Pools, Flooded Already?
Ft. Calhoun is the designated spent fuel storage facility for the entire state of Nebraska...and maybe for more than one state.
Calhoun stores its spent fuel in ground-level pools which are underwater anyway - but they are open at the top. When the Missouri river pours in there, it's going to make Fukushima look like an x-ray. But that's not all. There are a LOT of nuclear plants on both the Missouri and Mississippi and they can all go to hell fast.
Rainbow Flags Aflutter, Orthodox Groups Enter a Float in Israeli Gay Pride Parade
Amid a sea of rainbow flags and equal-rights banners at Tel Aviv’s 18th annual Gay Pride parade, an unexpected soundtrack filled the air: Hasidic music. Despite the suspicions of some marchers, it wasn’t an act of protest by Orthodox groups. Rather, the music was coming from a float designed by a group of Orthodox gay and lesbian Israelis.
The first-of-its-kind float, which made its debut at the June 10 parade, boasted the corporate sponsorship of Google, and carried members of the Bat Kol alliance of Orthodox lesbians; Havruta, an organization of Orthodox gay men, and Pride Minyan, a prayer group for Tel Aviv’s Orthodox gay and lesbian community.
Rush Limbaugh, Sean Hannity, Glenn Beck sell endorsements to conservative groups
If you’re a regular listener of Glenn Beck’s radio show and you wanted to contribute to a political group that would advance the populist conservative ideals he touts on his show, you’d have plenty of reason to think that FreedomWorks was your best investment.
But if you’re a fan of Mark Levin’s radio show, you’d have just as much cause to believe that Americans for Prosperity, a FreedomWorks rival, was the most effective conservative advocacy group. And, if Rush Limbaugh or Sean Hannity are who you listen to, you’d be hearing a steady stream of entreaties to support the important work of the Heritage Foundation.
House ready to slash funding for key oil-market regulator
The Republican-led House of Representatives is poised to pass, as early as Wednesday, a sweeping spending bill that would slash funding for the regulatory agency responsible for policing against excessive speculation and price manipulation in oil markets.
House members are expected to approve an agriculture spending bill that would deeply cut the annual bill that funds the Commodity Futures Trading Commission, which regulates trading in oil, grains and other commodities.
Israel Authorises Mining of Natural Gas off Gaza Shore in Defiance of Palestinian Sovereignty
The Israeli Ministry of Infrastructure has demanded permission from the gas company Nobel Energy to start working in developing the natural gas field that was found off the Gaza Strip shoreline, under the pretext that Israel fears gas shortages in the coming year.
Israel gets natural gas from Egypt through an agreement in which Israel pays less than internationally recognised prices to Egypt. After the Egyptian uprising and the toppling of Hosni Mubarak, the Egyptian people demanded that the channeling of gas to Israel would be stopped until a new agreement could be reached, so that the Egyptian people could benefit first from their natural resources.
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