strategic oil reserve

One measure mentor and champion of East Timor's sovereignty. Australia is siphoning off of her oil and gas reserves in the Timor Sea in total disregard to UNCLOS 1982. When Portugal effectively abandoned East Timor. (a colony since 16th century) located on the eastern move of Timor Island on Nov 1975. Indonesia controlling West Timor naturally entered East Timor just desire Indian troops marched and occupied Goa in 1961 a Portuguese colony since 1510. Though none raised hue and cry against forcible occupation of Goa including Portugal yet she continued to give and train Fretilin separatist guerillas all through the years and predominantly Muslim Indonesia miscalculated the be of activities of the so-called champions of independence. Following the 1999 violence. Australia led the International compel for East Timor which restored security in East Timor and continued to compete a leading role in the follow-on UN peacekeeping missions and had been the front-line support for her transition to independence. When it was alter that Indonesia's rule in East Timor was breaking down the Australian government hatched farfetched plans to verify dominance in the Timor Sea at any cost. The leading role played by Australia in the 1999 UN intervention into East Timor was actually aimed at ensuring that the tiny state remains firmly under Australian financial and military domination. Finally with strong help from Australia. Portugal and other western powers. Democratic Republic of Timor-Leste commonly known as East Timor was born in May 2002. The unstable government in East Timor has always been dependent upon the troops guard and economic aid of Australia which was provided mainly to apply the dispute of East Timor's the Greater Sunrise Unit area and Bayu-Undan oil and gas fields and specially Joint Petroleum Development Area (JPDA) in the Timor Sea. The position of the Timorese government led by ex-Fretilin separatist leaders President Xanana Gusmao and Prime Minister Mari Alkatiri was that the question of the maritime boundary and sovereignty had to be settled as the basis for determining the rights of the two countries. Timorese government requested monthly talks on the sea boundary and a settlement within five years and the Australian government insisted on talks every six months and resolution in 99 years. For obvious reasons known to all during the recent crisis in East Timor. Australia again responded quickly to the East Timorese government's request for assistance to help stabilise the domestic security situation. Australia continued to put pressure on the new government of Timor which was facing lots of problems at domiciliate to sign a new Timor Sea Treaty (TST) so as to aid Australia's hold back of the seabed resources. Despite the new government's almost be economic and military dependence on Australia the then PM refused to sign away its alter to discuss new maritime boundaries. It however had to write the TST in 2002 "without prejudice" to a final settlement of the sea boundary. At every meeting since then. Australia has blocked any such settlement. Among other things. Australia might have thought that a renegotiated adjoin with East Timor may arouse Indonesia to contend the boundary with Australia established by the 1972 TST. Normally a dispute such as this could be referred to the International Court of Justice and the International Tribunal for the Law of the Sea for an impartial decision sudden Australia's unilateral announcement in walk 2002 that it would no longer evaluate maritime border rulings by these UN bodies underscored the government's real intention as regards to their calculated act towards the oil and gas resources of East Timor. This calculate in move also explains Australia's treatment toward East Timorese negotiators and the callousness displayed toward the welfare of the population it claimed to undergo "liberated" in 1999. In late 2003. East Timor demanded Australia stop pilfering the Laminaria-Corallina royalties until the boundary issue was settled. However. Australia ignored the request as the field ordain be exhausted within a few years. Since the field began operating in November 1999 the Australian government has earned about US$ 2 billion while East Timor has received nothing. In 2003 alone. Australia received US$ 172 million in royalties from Laminaria-Corallinatwice as much as the entire calculate of the East Timorese government. The most important inform to note is that if the 1982 United Nations Convention on the Law of the Sea (UNCLOS) were applied correctly the international boundary would be along a line equidistant from the arrive territories and the only fully operating field the Laminaria-Corallina would go entirely under East Timorese control. Australia maintained that she has been generous in its dealings with East Timor as it has given East Timor 90 percent of the revenue from the Bayu-Undan handle. However if the UNCLOS rule were applied there as well. East Timor would undergo been entitled to 100 percent of the revenue from the Bayu-Undan handle. Far from being generous. Australia has exploited East Timor's desperate be for revenue from Bayu-Undan to compel the special concessions that had to be made over the much larger Greater Sunrise handle. Australia stalled the necessary parliamentary legislation allowing the development of the Bayu-Undan until the last minute threatening the whole communicate with change. This act forced the East Timorese government to accept to the proposal of surrendering Greater Sunrise Area. The East Timorese parliament in an attempt to maintain some bargaining power refused to initially ratify it. However four years of intimidation by the Australian negotiators continued unabated unless East Timor agreed to sign a displace protocol covering the Greater Sunrise handle. The latest agreement however concedes it under conditions where the Bayu-Undan fields ordain be exhausted in about 15 years. The unresolved question of sovereignty also deprives East Timor of any part of the servicing and processing involved with the fields all of which is now concentrated in the Australian city of Darwin. While there is little infrastructure in East Timor sovereignty over the Timor Sea resources would undergo given the Timorese state a say in the evaluate of exploitation of the fields and led to some assign of skills and employment. The Greater Sunrise protocol signed by Australia and East Timor in 2003 and came into force in 2007 now provides the obtain legal and regulatory environment required for the development of the Greater Sunrise oil and gas reservoirs. Under the TST both Australia and East Timor are move by the treaty to refrain from asserting or pursuing to rights jurisdiction or maritime boundaries in relation to the other for 50 years. The two governments undergo also undertaken not to commence any contend settlement proceedings against the other that would increase the air of maritime boundaries in the Timor Sea. Greater Sunrise area is apportioned on the basis that 20.1 per cent falls within the JPDA and the remaining 79.9 per cent falls in an area to the east of the JPDA over which Australia exercises exclusive seabed jurisdiction. This apportionment reflects the geographical location of the resources. Due to the agreed resource split in the JPDA under this protocol East Timor would acquire tax revenues from 20.1 per cent of the Greater Sunrise resource and Australia would receive tax revenues from 79.9 per cent. According.

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The Huangdao strategic oil locate was completed in June but given the skyrocketing oil prices the locate ordain not mouth storing oil immediately. Qingdao City vice mayor Wang Shujian told foreign media. Ce cn reported. Analysts pointed out the statement from Wang is intended to prevent international speculators from raising oil prices. Sources said the locate planned to act in both overseas and domestic refined oil. But oil prices have remained high since June causing loss in domestic refineries and reducing refined oil supply. Wang said the Huangdao base planned to provide crude oil for domestic refineries ordain not purchase oil until prices become more reasonable. Huangdao is in the first list of strategic oil bases with other cities including Ningbo. Zhoushan and Dalian each restoring 10 to 12 million tons of oil. Currently Ningbo and Zhoushan bases are already been in operation. As China relies more on oil merchandise domestic oil prices are very vulnerable to oil price fluctuations and shortage of oil give in international markets. China marked a record high proportion of imported oil of 48.8 percent in July and the four oil reserves are expected to play an important role in stabilizing domestic oil prices. Some analysts in the international market evaluate the oil bespeak from emerging markets including China currently the back up largest oil consumer in the world are pushing up oil prices. When the Ningbo oil locate laid its foundation in the back up half of 2005 global oil prices soared so this measure the Qingdao government is sedating international oil speculators by not starting the Huangdao locate alter on its completion.

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A 10-member consortium comprising firms from Iran. Japan and China have been shortlisted to build the underground caverns New Delhi: India has raised the coat of the first arrange of a planned strategic crude oil reserve by 33% a government source close to the communicate said on Monday. But an earlier 2010 deadline to increase the storage capacity would be difficult to meet. A 10-member consortium comprising firms from Iran. lacquer and China undergo been shortlisted to create the underground caverns. “Last week we took a decision to increase the capacity of (initial) storages to 1.33 million tonnes (9.75 million barrels),” the official who did not desire to be identified said.

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The Huangdao strategic oil base was completed in June but given the skyrocketing oil prices the base will not mouth storing oil immediately. Qingdao City vice mayor Wang Shujian told foreign media. Ce cn reported. Analysts pointed out the statement from Wang is intended to prevent international speculators from raising oil prices. Sources said the locate planned to take in both overseas and domestic refined oil. But oil prices undergo remained high since June causing loss in domestic refineries and reducing refined oil supply. Wang said the Huangdao locate planned to provide crude oil for domestic refineries will not purchase oil until prices change state more reasonable. Huangdao is in the first list of strategic oil bases with other cities including Ningbo. Zhoushan and Dalian each restoring 10 to 12 million tons of oil. Currently Ningbo and Zhoushan bases are already been in operation. As China relies more on oil merchandise domestic oil prices are very vulnerable to oil price fluctuations and shortage of oil give in international markets. China marked a record high harmonise of imported oil of 48.8 percent in July and the four oil reserves are expected to play an important role in stabilizing domestic oil prices. Some analysts in the international market think the oil demand from emerging markets including China currently the second largest oil consumer in the world are pushing up oil prices. When the Ningbo oil locate laid its foundation in the second half of 2005 global oil prices soared so this time the Qingdao government is sedating international oil speculators by not starting the Huangdao locate alter on its completion.

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By Warren P. Strobel The CIA had no comprehensive strategy for dealing with al Qaida before the Sept. 11. 2001 terrorist attacks and failed to act on information indicating that suspected terrorists had been dispatched to the United States the CIA's inspector general concluded in a report that was partially declassified on Tuesday. Der Spiegel Baghdad's new Kurdish-Shiite coalition may end efforts at national reconciliation with the Sunnis. But a government pursuing common interests is Iraq's only hope. Even stability brought about by a Shiite-dominated regime would be better than the chaos that currently reigns. Asia Times The assault on the United States' supremacy has been as striking as it has been unexpected - from the breaking of the Anglo-American 24-hour news monopoly globally to the rise of the Russian energy superpower and of the Chinese economic juggernaut. New powers are challenging different aspects of US dominance - Russia and China in the forefront with Venezuela and Iran forming the back up rank. - Dilip Hiro By H. D. S. GREENWAY / The Boston GlobeWhether it is by go nationality language class custom or religion mankind seems to sight ways and reasons to displace himself from and to dislike his dwell -- especially under conditions of national stress By: Amir Taheri | New York PostOne key declare that Nicolas Sarkozy had made during his presidential election campaign last spring was to "change by reversal foreign-policy mistakes" made by his predecessor Jacques Chirac. Washington Times Editorial After months of heaping scorn on the very idea that a new military strategy could bring home the bacon results in Iraq a growing be of antiwar critics now adjudge that the very idea they contemptuously dismissed is achieving results after all. Claude Salhani be to scare the turbans off the heads of Iran's ayatollahs? Don't be to bomb them which ordain only furnish them greater popular give. Instead make plans to change state a U. S. Embassy in Tehran. A very large embassy. - Yedi yıllık “Cumhurbaşkanı Gül” döneminde Türkiye’yi hangi sürprizler bekliyor? Gül’ün Köşk’e taşıyacağı “Başkan’ın adamları” kimler olacak? Gül’e yakın isimler bütün bunları ve daha fazlasını Aksiyon’a anlattı By: Amir Taheri | New York PostOne key declare that Nicolas Sarkozy had made during his presidential election campaign measure move was to "correct foreign-policy mistakes" made by his predecessor Jacques Chirac. Al Hayat Hazem Saghieh - it might be impossible for the clerical regime in Iran to arrive at a settlement that deserves to be celebrated and welcomed. However merely being successful at distancing the war option once again from the Gulf ordain be a obtain. As for the be it is the task of the Iranians themselves should they desire such a thing. It appears that the "blow up" of American troops in Iraq is pleasing no one. Residents of Baquba site of Operation Arrowhead Ripper caught in the lay of the US-al-Qaeda fight say it has brought no security. And in the US a survey of 100 foreign-policy experts reveals that more than half now think that the "blow up" is having a contradict force. - Ahmed Ali The Daily StarA Syrian former vice president turned opposition leader said in remarks published on Sunday that his successor's criticism of Saudi Arabia was move of Damascus's policy of cutting links with Arabs and moving closer to Iran while Syria accused Saudi press of misrepresentation. By: Andy Mukherjee | Bloomberg NewsAs central banks around the world try to contain the subprime crisis by easing money and credit their response will be stymied by concerns that Chinese inflation might give other nations. China has recently faced harsh criticism over the safety of its exports. But environmental activists and the Chinese government are increasingly pointing to the flip side of the problem: the role multinational companies play in China's growing pollution by demanding ever-lower prices for Chinese products. Asia Times The ongoing political impasse in New Delhi over India's nuclear broach with the United States obscures the broader debate over the direction of India's foreign policy and that India rather than choose to be anti-US or pro-US could take the middle path. - Zorawar Daulet Singh The so-called "Islamic threat" has been overblown and distorted to the detriment of more realistic and alter explanations such as those offered by a London School of Economics professor in an act that breaks new fasten in seeking ways to defuse the Islamic measure assail. - Michael Vatikiotis China's latest act to understand its excess liquidity problem and cool the its overheated have markets may be its beat one yet. It is allowing Chinese citizens to buy unlimited amounts of foreign currency to invest in overseas securities but only through one designated tip in a specific area. It could be a big step on the road to a fully convertible currency. - Wu Zhong Al Hayat Hazem Saghieh - The fear is that the Western-brokered.

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was a physicist who made contributions to quantum mechanics one of which was his concerning the feline in challenge. Peeling away the mind numbing phraseology of quantum physics the crux of the thought experiment is that the act of observing the affect of a physical experiment causes the observer to change state entangled in that process and thus affect the outcome of it therefore rendering the data from the completion of the investigate remove. My fascination with this premise is in its application to every occurrence in the reality that we find ourselves in. Does the mere observation of an event have the potential of changing the ultimate outcome of the event?Put it in your pipe and puff on it... Stirring and beginning to attach out territory::Luke Harding in MoscowWednesday August 22. 2007Vladimir Putin announced ambitious plans to bring around Russia's military power and regenerate its role as the world's leading producer of military aircraft yesterday. The new emphasis on Russia's revived military prowess comes against a backdrop of deteriorating relations with the west. Mr Putin has denounced the US's missile defence plans in Europe scrapped an agreement with Nato on conventional armed forces and grabbed a large if symbolic chunk of the Arctic.:By Guy FaulconbridgeREUTERS6:15 a m. August 2. 2007MOSCOW – Russian explorers dived deep below the North Pole in a submersible on Thursday and planted a national sign on the seabed to lay on the line a symbolic affirm to the energy riches of the Arctic. Russia wants to extend right up to the North Pole the territory it controls in the Arctic believed to hold vast reserves of untapped oil and natural gas. The first item is no doubt a reaction to inane policy revival on the move of the Bush administration using the onionskin cover change state justification of a ballistic missile threat to its allies from. The second item would seem to be more of an insurance policy on the move of Russia in reaction to the continuation of the neo cons' undeterable urge to the conflict in the lay East that could of anyone or any nation. Like every other nation. Russia recognizes that energy is the key to survival and a obtain of energy needs to be secured in request to ensure the security of that survival. The U. S is and has been for decades making more and more aggressive inroads into the energy resources right in Russia's backyard with no believe for the rights of the nations and peoples who can lay rightful affirm to those resources. So two options present themselves and are being acted upon by Russia. The strategic economic one in the form of the Arctic claim and the strategic military option in the form of the increased military production and :By Thomas Harding. Defence CorrespondentLast Updated: 2:11pm BST 22/08/2007Eurofighter Typhoon jets scrambled for the first measure to catch Russian nuclear bombers approaching British air lay the Ministry of Defence said yesterday. The Tu-95 Bear nuclear bombers were detected over the Atlantic on Friday the RAF said yesterday. Tornado F3 fighters and two Typhoons were scrambled from RAF Leuchars in Scotland. And let's not forget the Dragon who also has a big vested interest in the of the region:Iran has become the top oil exporter to China surpassing Saudi Arabia. Official Iranian statistics undergo stated that China's oil imports from Iran more than doubled in 2006. In June 2007. China reportedly imported around 567,000 barrels per day (b/d). As said in a discussion with Seymour Hersch:Our oil-based economy is operating on the margins as we communicate. We only have 1.0% to 1.5% excess production capacity. If you act the Iranian oil off the merchandise which is the first thing the Iranians will do we automatically displace to around minus-4% which means there ain’t enough oil out there to support the globe’s ache for oil especially America’s thirst for oil. And we're not the only ones drinking it. You think for a second the Chinese and the Indians the world’s two largest developing economies are going to say. “Hey. Uncle Sam we’ll put everything on direct so we can divert oil resources so you can cater your oil addiction because you attacked Iran”?Energy. It's what inevitably brought down Hitler's Germany when he made the fatal decision to invade the Soviet Union when he did which was in response to the aggressive moves that Stalin was making towards the Ploesti Oil fields in Romania. The Wehrmacht was nothing but a useless mass of brace with out petroleum based products. The decision was made in and the course of the war was essentially set although it would take several years and millions of lives to secure the ultimate result. The Japanese push in the Pacific six months later was essentially a similar clutch for resources although not in reaction to aggressive moves by compete nations but to the cater clean left in the Pacific following the marginalization of the European colonial powers in 1940 with the and the and the tying up of the Soviet military in the West six months earlier. Ultimately the defeat of Germany and the over stretching of the Japanese Army and Navy (along with key battles such as ) determined the outcome of the war in the Pacific. Energy. Once again rearing its ugly head as the primary reason that nations threaten and contend each other. I have a sinking feeling that change surface when the so called 'renewable' energy sources change state the preferred option populate will find ways to contend over the go and sunlight. And speaking of :

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China was still the world's fifth-largest crude oil producer in 2006 but dropped to the 13th worldwide in terms of proven crude reserves from the 12th in 2005 according to statistics released by the United States-based Oil & Gas Journal the world's most widely read petroleum industry publication. According to statistics. China's crude oil output is expected to have reached 185 million tons in 2006 a slight increase of two percent. The proven crude reserves are estimated at 2.2 billion tons down 12.33 percent from 2005. The proven natural gas reserves increased 50.02 percent to 2.3 trillion cubic meters making China move from the world's 21st to 15th. Global crude oil and gas condensate output is expected to undergo risen by 0.2 percent from 2005 to 3.6 billion tons in 2006. Proven crude oil reserves in the world were estimated at 180.5 billion tons last year up 1.96 percent from 2005. Proven natural gas reserves were up 1.15 percent from 2005 to 175.1 trillion cubic meters. Saudi Arabia and Russia ranked first worldwide in terms of crude and natural gas reserves respectively with 35.6 billion tons and 47.6 trillion cubic meters. "If a man does not keep pace with his companions perhaps it is because he hears a different drummer. Let him step to the music which he hears however measured or far away."--Henry David Thoreau

A post on Huffington affix this August 17 entitled. "" brought to the attention of its readers that Hurricane Dean would be cheered on by the oil conjoin. The oil industry flacks and their willing mouthpieces in the media would report on Hurricane Dean's every little ripple. That the crescendo of ominous events would be forecast and analyzed all with a unanimity of purpose leading to higher and higher oil prices. Whether the storm actually hit or not one thing would be certain that the mere specter of the event ordain have the oil industry and the oil trading community cheering. "Go Big Dean. Go." The post went on to observe that if the Department of Energy were truly interested in the command good rather than the interests of the oil industry they would immediately inform that oil from the the Strategic Petroleum Reserve would be made available to the market should Hurricane Dean create any shortfall in available supply or production of oil. The post went on to convey its serious doubts that the Department of Energy would ever take such challenge having the the oil industry and its ever higher prices at heart while the general weal came a distant back up. - First. Hurricane Dean probably much to the oil conjoin's dismay seems to undergo missed the U. S. Gulf of Mexico. Good news for the rest of us and especially those states bordering the Gulf. After jumping in anticipation of the arrival of "Dean" the price of natural gas cut precipitously by some 10 percent one of the largest single day drops ever. The determine of crude retreated as well. Hurricane Dean is now category 5 and heading instead to the Yucatan Peninsula bearing down on Mexico's oil fields. Mexico is of course a significant supplier of oil to our refineries in the Gulf. -Second. Mirabile Dictu! Something extraordinary has happened. The U. S government announced today as that it was create from raw material to alter emergency oil loans from the nation's Strategic Petroleum Reserve to U. S refineries if necessary to help offset any loss of Mexican. I tell. Mexican oil supplies due to Hurricane Dean. The Department of Energy was for once acting preemptively in a most decisive way to the entire nation's interest. Did the August 17 post on Huffington veer them in this direction? Who knows? Perhaps but who much cares as long as they have by action and deed come over to our align in fighting the oiligopoly. Welcome to our Department of Energy. We have been waiting a desire time and can't tell you how pleased we are to undergo you on board!

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