In The News

US Report, in Shift, Turns Focus to Greenhouse Gases

Andrew C. Revkin August 26, 2004
After rejecting the Kyoto Protocol on climate change in 2001 and questioning the scientific validity of reports issued by a UN climate panel, the Bush administration issued a report indicating that emissions of heat-trapping gases were the only likely explanation for global warming. The White House report to Congress is said to reflect "the best possible scientific information" on...

Koizumi May Reopen Territory Row with Russia

David Pilling August 25, 2004
Japanese Prime Minister Junichiro Koizumi may aggravate an ongoing territorial dispute with Russia. Mr. Koizumi indicated his intention to "inspect" four islands, the sovereignty of which has been contested since World War II. With Japanese business interests in Russian fuel pipelines and possible infrastructural investments in Siberia, this is a crucial juncture for Russo-Japanese...

German Firms Applaud Libya Deal

Aaron Kirchfeld August 13, 2004
Though Germany and Libya already enjoyed “consistently good to very good economic relations,” the door to increased bilateral trade opened wider recently when Tripoli agreed to pay $35 million to the non-American victims of a 1985 Berlin discotheque bombing. Germany has responded by guaranteeing credits for German exports to Libya. The prospect of increased trade has piqued the interest of...

Japan Elbows its Way into Far East: Not Only for Energy

August 12, 2004
As a country poor in natural resources, Japan has had to look elsewhere for its energy needs. Although most of Japan's oil imports presently come from the Middle East, instability in the region has prompted Japan to look to relatively oil-rich Russia as an alternative source. Through building good relationships with the local government, investing in the area, and fostering a positive...

Knock-on Effects will be Global if Iraq Carries on Downhill

Daljit Singh July 28, 2004
According to this op-ed by Daljit Singh, a senior research fellow at the Institute of South-east Asian Studies, defeat, or perception of defeat, of America in Iraq could have destabilizing consequences for not just the Middle East, but all of Asia as well. If the United States, the global hegemon, is unable to restore peace to this one Middle Eastern country, its credibility as a superpower will...

Global Economy Sails into a New Era

Robert Manor July 26, 2004
Oil is an input used in all aspects of the economy, from transporting goods to illuminating factories. So when oil prices increase, great economic repercussions can follow. According to James Hamilton, a professor of economics at the University of California at San Diego, oil shortages trailing the Suez crisis of 1956, the oil embargo of 1973, the Iranian revolution in 1979, the Iraq-Iran war...

Strategy for an Energy-Starved World: Go Coal!

David Dapice July 15, 2004
Gas prices are soaring, as anyone with a car well knows. But, though $40 a barrel prices are hurting wallets, economist David Dapice argues that the situation has the beneficial effect of encouraging countries to look at alternative energy sources with greater urgency. China, for example, recently signed an agreement with a South African energy and chemicals firm to build two coal-to-liquid fuel...