Petrobras May Increase Its $174.4 Billion Investment Plan, Barbassa Says Sep 18, 2009
Petrobras executives are also trying to entice foreign oil equipment suppliers to set up manufacturing plants in Brazil to meet local requirements for drilling rigs, vessels, pipes, pumps and other supplies. Our capacity to produce in Brazil is not enough, he said. (Bloomberg -- Latin America)
Growing Threat Sep 1, 2009
The United Arab Emirates' seizure of a French-owned ship transporting 10 containers of North Korean-made explosives, rocket-launched grenades and other arms disguised as oil equipment to Iran is a welcome confirmation that the Muslim Middle East recognizes the Islamofascist threat in its midst. Disturbingly, however, it also confirms that the axis of evil that aligns North Korea, Iran and other bloodthirsty regimes against the U.S. and the rest of the free world is alive and well. (Investors Business Daily)
Same Axis, More Evil Sep 1, 2009
The 10 containers of rocket-propelled grenades, ammunition, and other prohibited items disguised as oil equipment found on board had been ordered by the Tehran-based Tadbir Sanaat Sharif Technology Development Center (TSS). TSS is a subsidiary of the Islamic Republic of Iran Shipping Lines (IRISL) and both of them plus the South African company, Icarus Marine (Pty) Ltd., were named in a U.S. Commerce Department Bureau of Industry and Security Temporary Denial Order (TDO) on 14 April 2009. (Human Events Online)
Nigeria: Ijaw Leader Urges FG to Order Ceasefire May 22, 2009
My plea is informed by the plights of innocent persons who are not in any way connected or involved in militancy," he said. Smooth also urged the militants to stop violent activities, especially attack on security agencies and oil workers as well as oil equipment, adding that no individual or group could successfully withstand the Federal might. He said the crisis got out of hands because the Federal and state governments in the region did not relate with credible leaders of the region, adding... (allAfrica.com)
Georgia banks with a high 'misery index' Feb 17, 2009
When the Texas ratio was developed, the underlying collateral was oil equipment rusting in fields, said Stovall, whose bank s Texas ratio has exceeded 100 percent in recent quarters. For Habersham Bank, the underlying collateral is homes. (Atlanta Journal-Constitution -- Business)
