Poor old George. He doesn’t quite get it. He doesn’t quite understand that what he does with his right hand impacts what he does with his left.
Take the thorny issue of Iran. There is increasing speculation that Bush wants one major shot at Iran before he leaves office. Writing in the New Yorker [...]

Iran, OPEC’s second-largest producer, has completely stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official has admitted. It is a concerted attempt to reduce reliance on Washington at a time of tension over Tehran’s nuclear program and suspected involvement in Iraq.
Iran has dramatically reduced dependence on the dollar over the past year [...]

Even as the United Nations maneuvers toward a vote on expanded sanctions against Iran - which Beijing has reportedly approved - China’s main offshore oil and gas company is reported to have signed a $16 billion deal to develop an Iranian gas field.
In doing so, China is maintaining its position that it does not support [...]

Russia’s Gazprom the world’s top gas producer, has announced that it will take on big new energy projects in Iran, a move likely to anger the United States which wants Tehran isolated over its nuclear work.
State-controlled Gazprom, which supplies a quarter of Europe’s gas needs, said it had agreed to develop more phases of Iran’s [...]

Just getting used to oil prices around $100 a barrel. Well Thailand’s Energy Minister Piyasvasti Amranand has said that global oil prices could surge to US$200 per barrel if the United States goes to war with Iran.
Speaking at a seminar on “The Promotion of Bio-Technology,” he said he shared a view in common with Venezuela’s [...]