it's now legal to catch a raindrop

NYTimes | For the first time since territorial days, rain will be free for the catching here, as more and more thirsty states part ways with one of the most entrenched codes of the West.

Precipitation, every last drop or flake, was assigned ownership from the moment it fell in many Western states, making scofflaws of people who scooped rainfall from their own gutters. In some instances, the rights to that water were assigned a century or more ago.

Now two new laws in Colorado will allow many people to collect rainwater legally. The laws are the latest crack in the rainwater edifice, as other states, driven by population growth, drought, or declining groundwater in their aquifers, have already opened the skies or begun actively encouraging people to collect.

“I was so willing to go to jail for catching water on my roof and watering my garden,” said Tom Bartels, a video producer here in southwestern Colorado, who has been illegally watering his vegetables and fruit trees from tanks attached to his gutters. “But now I’m not a criminal.”

Who owns the sky, anyway? In most of the country, that is a question for philosophy class or bad poetry. In the West, lawyers parse it with straight faces and serious intent. The result, especially stark here in the Four Corners area of Arizona, Colorado, New Mexico and Utah, is a crazy quilt of rules and regulations — and an entire subculture of people like Mr. Bartels who have been using the rain nature provided but laws forbade.

The two Colorado laws allow perhaps a quarter-million residents with private wells to begin rainwater harvesting, as well as the setting up of a pilot program for larger scale rain-catching.

Just 75 miles west of here, in Utah, collecting rainwater from the roof is still illegal unless the roof owner also owns water rights on the ground; the same rigid rules, with a few local exceptions, also apply in Washington State. Meanwhile, 20 miles south of here, in New Mexico, rainwater catchment, as the collecting is called, is mandatory for new dwellings in some places like Santa Fe.

2008 urban water supply rankings

SustainLane | How We Rated Cities

For 2008 we newly measured each city's water supply, in addition to tap water quality and other data. Desert cities and cities hundreds of miles away from their fresh water sources fell in this year's rankings largely because of our new water supply rankings. Data analyzed included distance in miles from primary source of untreated drinking water, dependence of water on snowpack, level of drought or other conflict, population growth rate and gallons of water consumed per person per day.

Tied for first place are Great Lakes cities of Chicago, Cleveland and Milwaukee. Following in rank for solid water supply longevity are Detroit at number four and New Orleans at number five.

Without steady supplies of fresh, drinkable water, our modern cities would quickly devolve into their previous selves: unsanitary, cholera-stricken, less populated. In a word, Medieval. Gigantic concrete and steel water delivery systems across deserts, state lines and over foothills ensure instant supplies of fresh water to each and every faucet and showerhead in cities without ample nearby supplies. Cities including Portland, Seattle and San Francisco depend on a stable water supply for their electricity as well.

the secret of el dorado

fist tap to Dale

eugenics and cannibalization are alive and well in the united states

Foundation | You hear on a daily basis of the cannibalization of body parts in the US for transplant operations. This cannibalization (“harvesting body parts”) is promoted because of the large amount of money it generates for the medical establishment. The practice of eugenics – genetic modification or culling to reduce unwanted traits or promote desired ones – is also thriving. One hears more and more of “selectionization” of embryos to destroy undesirable traits. What the agricultural sector has practiced for a long time – selective breeding – is now standard practice in the US medical establishment.

These practices, once frowned upon, are now thriving in the US because the medical establishment makes “big bucks” from them. When they were not so lucrative, they were discouraged or even proscribed.

It is interesting to observe the changing moral status of these and other practices, and how they are determined by economics. Slavery was once widespread because it was economically profitable. When the Industrial Revolution occurred and slavery become economically inefficient, it was banned by the economically developed nations. Cannibalization and eugenics were once banned, when there was little money to be made from these practices. Now that the medical establishment can profit handsomely from them, they are not only condoned, but encouraged. The charging of interest was once proscribed by all three Abrahamic religions (although Jews could charge interest to enemies). When, half a millennium ago, society desired large-scale lending to promote world trade, Christianity and Judaism promptly dropped their objection to it.

Now that the country is very wealthy, incredible amounts of money are spent to keep highly defective children alive. When I was a boy, this was not done. Joan Tollifson, author of Bare-Bones Meditation: Waking Up from the Story of My Life (Bell Tower, 1996) recounts the following interesting personal story, which illustrates well how mores have changed in just the past half-century.

“I was born in Chicago in 1948. I was born without a right hand. It had been amputated in the uterus by a strand of ruptured amnion. Newborn, I was brought to a room where there was a large pillow. My father was called out of the waiting area and taken to this room by the doctor. My father was left alone in there with me and the large pillow. He understood finally that he was being given the chance to smother me. But he didn't do it.

“The doctor knocked. "Are you finished yet?"

“My father didn't answer. The doctor came in and my father was still standing there. Together they brought me to my mother. I don't know what she felt. She has told me that this was the only time she ever saw my father cry. He wept. And then he went out and got drunk. It was probably the only time he ever got dead drunk.

“My aunt Winifred had a psychotic breakdown at the sight of me, and my uncle Harold insisted on always photographing me from the left side. In some of my childhood pictures my right arm is outside the frame or in the next room.

“People want babies, and females in general, to be unblemished. I soaked in everyone's responses to my imperfect reality. I was a kind of oxymoron. Sometimes strangers on the street would tell my mother that we were being punished by God.

privyet nigaz

The Peninsula | Gazprom, the Russian gas group, has signed a deal to invest at least $2.5bn in a joint venture with Nigeria's state-owned oil company to explore and to develop the country's vast gas reserves. Dmitry Medvedev, Russia's president, said during a visit to Abuja, Nigeria's capital, that he hoped the nations would become "major energy partners". "If we carry out all our plans, Russian investment in Nigeria can reach billions of dollars," Medvedev said.

The formation of the 50-50 joint venture between Gazprom and the Nigerian National Petroleum Corporation (NNPC), named Nigaz, follows a prolonged courtship by Russia which began under Vladimir Putin, the previous president and current prime minister.

Gazprom's action to secure a foothold in a country where western groups have led the development of the oil industry for the past half century has given rise to concerns in Europe that Moscow is seeking to gain control of Nigerian reserves to tighten its grip on the the European Union's gas supplies.

European governments see Nigeria's gas reserves - the seventh-largest in the world - as a potential route to diluting their reliance on Russia, which supplies up to half the gas consumed by the EU. Nigeria has struggled to develop its gas industry to anything like its full potential, due in part to its failure to come up with the viable regulatory framework and pricing mechanism needed to spur commercial investment.

The government of Umaru Yar'Adua, Nigeria's president, has designed a "gas masterplan" which intends to prioritise gas for domestic use to supply industries and tackle Nigeria's chronic power crisis. Implementation has been slow and some experts question whether the regulatory approach envisaged in the plan is viable.

Gazprom has nevertheless signalled its intention to help Nigeria realise its ambitions to develop domestic gas infrastructure. The Nigaz joint-venture intends to explore for gas and build refineries, gas pipelines and gas-fired power stations throughout Nigeria, including a section of pipeline that could form part of a proposed transSahara pipeline to export gas directly to Europe.

divvying up the spoils...,

Washington Post | Iraq is poised to open its coveted oil fields to foreign companies this week for the first time in nearly four decades, a politically risky move in a country eager to shake off the stigma of occupation.

Iraqi politicians and some veteran oil officials have said the deals are unduly beneficial to oil giants, which are viewed warily by many in this deeply nationalistic but cash-strapped country.

Oil executives have been following the matter with apprehension, industry analysts said, but they are eager to get a foothold in Iraq, which has the world's second-largest proven crude reserves and is seen as the only major penetrable market.

Iraq expelled foreign oil companies in 1972 amid a regional movement toward nationalization. Its national oil company performed well until the 1991 Persian Gulf War, which was preceded by sanctions imposed by the United Nations.

Violence and the exodus of scores of technocrats after the U.S.-led invasion in 2003 have taken a toll on the industry. Pipelines in northern and southern Iraq are in dire need of repair, and much of the equipment at functioning oil fields is outdated or underperforming.

Iraq pumps an estimated 2.4 million barrels of oil a day. With foreign capital and expertise, oil experts said, the figure could grow to 10 million in a few years.

Iraq has an estimated 115 billion barrels of proven oil reserves, second only to Saudi Arabia. Other attractive markets, such as Venezuela and Russia, have in recent years asserted more state control over the industry.

inanity with a bully pulpit....,

NYTimes | I was at a conference in St. Petersburg, Russia, a few weeks ago and interviewed Craig Barrett, the former chairman of Intel, about how America should get out of its current economic crisis. His first proposal was this: Any American kid who wants to get a driver’s license has to finish high school. No diploma — no license. Hey, why would we want to put a kid who can barely add, read or write behind the wheel of a car?

Now what does that have to do with pulling us out of the Great Recession? A lot. Historically, recessions have been a time when new companies, like Microsoft, get born, and good companies separate themselves from their competition. It makes sense. When times are tight, people look for new, less expensive ways to do old things. Necessity breeds invention.

Therefore, the country that uses this crisis to make its population smarter and more innovative — and endows its people with more tools and basic research to invent new goods and services — is the one that will not just survive but thrive down the road.

We might be able to stimulate our way back to stability, but we can only invent our way back to prosperity. We need everyone at every level to get smarter.
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One wonders precisely what uber-clown friedman's contribution will be beyond this handwavy sysiphean exhortation?

media fantasies

Guardian | Iranian Islamists' allegiances do not lie with saffron rice and Hafez's poems. They love God, then country, grind through life as factory workers and farmhands in addition to getting PhDs in engineering and medicine. Iranians loyal to their Islamic project recite prayers for their president, relish the martyrdom of Hussein, and wait for the return of their messiah. So did anyone really think that his terrestrial representative would allow more than a week of bank burnings and highway closures? Are we really shocked that the military would close rank, dissidents would be arrested, and political threats be neutralised as 250,000 US troops sit on the country's borders and Cheney's $400m support for regime subversion gets stamped by Obama?

Instead of trying to understand the complexity of Iranian Islamism and its fusion into the international political system, intellectuals in the west have dismissed its architects and supporters as brainwashed fanatics controlled by wicked priests. We have lived vicariously through its dissidents and exiles. We have cherished stories such as Reading Lolita in Tehran and recommended films such as Not Without My Daughter and Persepolis to our closest family and friends. It was only a matter of time, we so desperately believed.

But a match can only be lit once. Mousavi was from a generation that stood in front of the Shah's helicopter gunships, slept in trenches before Saddam's tanks, and waited hours in line for flour. But Tehran's tech-savvy are far from Frantz Fanon's lumpenproletariat. The hundreds of thousands trickled down to a few hundred this week precisely because they never came to revolt. Had they wanted a revolution, they could have had one when they crammed the streets in front of the state television and radio station. The bazaar shop owners, much less the oil refinery workers, have not gone on strike, nor will they. The opposition's tiny political infrastructure has all but been destroyed. The revolution will not be televised – or Twittered – because it was only going to happen in our imaginations.

Soon, Iran will fade from the news cycle and its horrors will blend with those of the rest of the world. Ahmadinejad will serve four years as a lame-duck president, tempered by Khamenei domestically and internationally. Mousavi, along with Khatami, will probably retire from politics while Rafsanjani secures his assets as quickly as possible. Larijani will be the supreme leader's new man and after leading the charge on election reform will probably be the next president.

Meanwhile, the "Iranian people" will continue living under the double sanction of a repressive state and an international boycott regime designed to cripple their development. Then intellectuals, journalists and diaspora Iranians such as myself can return to imagining them any way we want.
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The power of the Revolutionary Guard had grown exponentially over the past six years precisely because there are 250,000 U.S. soldiers flanking Iran's borders. Anyone failing to comprehend what's actually transpiring in Iran, is simply not paying attention.

failed imperial "realism"

Washington Post | Some have theorized that Mr. Ahmadinejad's repression of the massive popular uprising could at least make it easier for the United States to build a coalition able to impose tough sanctions. But this week brought a depressingly familiar indication of how that diplomacy will unfold. Russia, which along with China has recognized Mr. Ahmadinejad as the election winner, blocked a Group of Eight meeting from even condemning the government's violence. "Isolating Iran is the wrong approach," said Russian Foreign Minister Sergei Lavrov, repeating his standard line. With U.S. support, the G-8 ended up renewing its invitation to Iran to open negotiations on its nuclear program -- even though the blood on Tehran's streets is not yet dry.

That stance would seem to contradict the position Mr. Obama took on Tuesday, when he denounced the regime's violence, said the protest movement was "on the side of history" and suggested that his policy of engagement would be put on hold. After meeting with German Chancellor Angela Merkel yesterday, Mr. Obama refined that stance, saying that while "multilateral discussions" with Iran could proceed on the nuclear program, the "direct dialogue between the United States and Iran" would be subject to the wait-and-see approach. There may be some tactical sense in that: The administration could preserve the international coalition it is trying to build while denying the shaky supreme leader the political boost that would come from direct dialogue with Washington.

Still, by now it ought to be clear that the best chance to protect what Mr. Obama calls "core U.S. security interests" lies in a victory for the Iranian opposition. That may look unlikely for now. But it is considerably more probable than a turn toward detente by those now engaged in murdering young women. There may not be much that can be done to help the opposition, though some tangible steps -- more money for broadcasting into the country, for example -- are readily available. But at the least, nothing should be done that would harm the cause of change. That is not just the moral course; it is the most pragmatic and realistic.

auto manufacturers race for bolivia's lithium reserves

Wharton | Recently, Bolivia has become the nerve center of Latin America, attracting the interest of several multinational companies. The reason: The world’s largest reserves of lithium are in this country, in the Salar (Salt Flats) de Uyuni.

Located in the Potosi region in the southeast of the country, 3,500 meters above sea level, the Salar de Uyuni holds five million tons of lithium, a mineral that is required for manufacturing batteries for hybrid and electric cars. The region represents an attractive investment option for global automotive manufacturers who are trying to break their dependence on petroleum and produce more fuel-efficient products.

For example, French manufacturer Bolloré has presented a proposal to Evo Morales, president of Bolivia, aimed at the massive exploitation and commercialization of the Uyuni mineral deposits. The race for Bolivian lithium has also been joined by Japan’s Mitsubishi Motors, followed closely by General Motors, which was engaged in talks with the Bolivian government before GM declared bankruptcy this year.

Potash Corp. slashes profit outlook

Globe and Mail | Potash Corp. of Saskatchewan Inc. (POT-T107.66-0.39-0.36%) dismantled its second-quarter profit guidance, warning investors that its earnings will be at least 45 per cent lower than expected as customers continue to shun the fertilizer giant's products.

Potash and other producers of chemicals used to enhance crop yields have been grappling with falling sales for months as farmers and big buyers like China delay purchases. Potash's first-quarter profit fell by nearly half from the previous year and other major rivals, such as Bunge Corp. and Terra Industries, have reported even steeper drops. At the time of its first-quarter report, the company said, “fertilizer sales had ground to a virtual halt.”

Thursday's steep profit warning provides strong evidence that potash sales have yet to recover. Potash reduced its per-share profit forecast to 70 cents (U.S.) a share from a previous target of between $1.10 to $1.50 a share.

“The sales to date this year have been softer than originally forecast. Pricing has remained relatively firm but the volumes have been certainly lower than forecast,” spokesman Bill Johnson said in an interview.

While Potash Corp. shares have outperformed for much of the year on the belief that fertilizer demand would recover, the company's stock price has been falling steadily in the past few weeks. Potash stock traded as high as $132 on May 19, but closed yesterday at $108.05, up 64 cents.

As potash prices have remained relatively buoyant during the recession, customers have deferred purchases.

Some farmers are choosing not to use fertilizer this year rather than pay the high prices.

Weather has also played havoc with farmers this spring in many parts of Canada and the United States. While those across the Canadian Prairies have experienced dry weather, many parts of the U.S. have had cool, wetter weather. All of that has delayed planting and could lower overall crop production.

The potash industry is highly concentrated and Potash Corp. has cut production in order to help stabilize prices. But this month K+S AG of Germany said the current price of around $750 (U.S.) a tonne was unsustainable and it announced it is lowering its price for some products by 22 per cent.
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US farmers cut fertilizer use this spring. What will happen to global food production levels as the use of fertilizer falls?

why not us?

Washington Post | Mohamed Sharkawy bears the scars of his devotion to Egypt's democracy movement. He has endured beatings in a Cairo police station, he said, and last year spent more than two weeks in an insect-ridden jail for organizing a protest.

But watching tens of thousands of Iranians take to the streets of Tehran this month, the 27-year-old pro-democracy activist has grown disillusioned. In 10 days, he said, the Iranians have achieved far more than his movement has ever accomplished in Egypt.

"We sacrificed a lot, but we have gotten nowhere," Sharkawy said.

Across the Arab world, Iran's massive opposition protests have triggered a wave of soul-searching and conflicting emotions. Many question why their own reform movements are unable to rally people to rise up against unpopular authoritarian regimes. In Egypt, the cradle of what was once the Arab world's most ambitious push for democracy, Iran's protests have served as a reminder of how much the notion has unraveled under President Hosni Mubarak, who has ruled the country for 30 years.

"I am extremely jealous," said Nayra El Sheikh, 28, a blogger and Sharkawy's wife. "I can't help but think: Why not us? What do they have that we don't have? Do they have more guts?"

destabilization 2.0

Corbett Report | Iran was also the birthplace of the original CIA program for destabilizing a foreign government. Think of it as Destabilization 1.0: It's 1953 and democratically-elected Iranian leader Mohammed Mossadegh is following through on his election promises to nationalize industry for the Iranian people, including the oil industry of Iran which was then controlled by the Anglo-Iranian Oil Company. The CIA is sent into the country to bring an end to Mossadegh's government. They begin a campaign of terror, staging bombings and attacks on Muslim targets in order to blame them on nationalist, secular Mossadegh. They foster and fund an anti-Mossadegh campaign amongst the radical Islamist elements in the country. Finally, they back the revolution that brings their favoured puppet, the Shah, into power. Within months, their mission had been accomplished: they had removed a democratically elected leader who threatened to build up an independent, secular Persian nation and replaced him with a repressive tyrant whose secret police would brutally suppress all opposition. The campaign was a success and the lead CIA agent wrote an after-action report describing the operation in glowing terms. The pattern was to be repeated time and time again in country after country (in Guatemala in 1954, in Afghanistan in the 1980s, in Serbia in the 1990s), but these operations leave the agency open to exposure. What was needed was a different plan, one where the western political and financial interests puppeteering the revolution would be more difficult to implicate in the overthrow.

Enter Destabilization 1.1. This version of the destabilization program is less messy, offering plausible deniability for the western powers who are overthrowing a foreign government. It starts when the IMF moves in to offer a bribe to a tinpot dictator in a third world country. He gets 10% in exchange for taking out an exorbitant loan for an infrastructure project that the country can't afford. When the country inevitably defaults on the loan payments, the IMF begins to take over, imposing a restructuring program that eventually results in the full scale looting of the country's resources for western business interests. This program, too, was run in country after country, from Jamaica to Myanmar, from Chile to Zimbabwe. The source code for this program was revealed in 2001, however, when former World Bank chief economist Joseph Stiglitz went public about the scam. More detail was added in 2004 by the publication of John Perkin's Confessions of an Economic Hitman, which revealed the extent to which front companies and complicit corporations aided, abetted and facilitated the economic plundering and overthrow of foreign governments. Although still an effective technique for overthrowing foreign nations, the fact that this particular scam had been exposed meant that the architects of global geopolitics would have to find a new way to get rid of foreign, democratically elected governments.

Destabilization 1.2 involves seemingly disinterested, democracy promoting NGOs with feelgood names like the Open Society Institute, Freedom House and the National Endowment for Democracy. They fund, train, support and mobilize opposition movements in countries that have been targeted for destabilization, often during elections and usually organized around an identifiable color. These "color revolutions" sprang up in the past decade and have so far successfully destabilized the governments of the Ukraine, Lebanon, Georgia and Kyrgyzstan, among others. These revolutions bear the imprint of billionaire finance oligarch George Soros. The hidden hand of western powers behind these color revolutions has threatened their effectiveness in recent years, however, with an anti-Soros movement having arisen in Georgia and with the recent Moldovan "grape revolution" having come to naught (much to the chagrin of Soros-funded OSI's Evgeny Morozov).

Now we arrive at Destabilization 2.0, really not much more than a slight tweak of Destabilization 1.2. The only thing different is that now Twitter, Facebook, YouTube and other social media are being employed to amplify the effect of (and the impression of) internal protests. Once again, Soros henchman Evgeny Morozov is extolling the virtues of the new Tehran Twitter revolution and the New York Times is writing journalistic hymns to the power of internet new media...when it serves western imperial interests. We are being asked to believe that this latest version of the very (very) old program of U.S. corporate imperialism is the real deal. While there is no doubt that the regime of Ahmadenijad is reprehensible and the feelings of many of the young protestors in Iran are genuine, you will forgive me for quesyioning the motives behind the monolithic media support for the overthrow of Iran's government and the installation of Mir-Houssein "Butcher of Beirut" Mousavi.

the road

how the foodmakers captured our brains

NYTimes | Dr. Kessler is perhaps best known for his efforts to investigate and regulate the tobacco industry, and his accusation that cigarette makers intentionally manipulated nicotine content to make their products more addictive.

In “The End of Overeating,” Dr. Kessler finds some similarities in the food industry, which has combined and created foods in a way that taps into our brain circuitry and stimulates our desire for more.

When it comes to stimulating our brains, Dr. Kessler noted, individual ingredients aren’t particularly potent. But by combining fats, sugar and salt in innumerable ways, food makers have essentially tapped into the brain’s reward system, creating a feedback loop that stimulates our desire to eat and leaves us wanting more and more even when we’re full.

Dr. Kessler isn’t convinced that food makers fully understand the neuroscience of the forces they have unleashed, but food companies certainly understand human behavior, taste preferences and desire. In fact, he offers descriptions of how restaurants and food makers manipulate ingredients to reach the aptly named “bliss point.” Foods that contain too little or too much sugar, fat or salt are either bland or overwhelming. But food scientists work hard to reach the precise point at which we derive the greatest pleasure from fat, sugar and salt.

The result is that chain restaurants like Chili’s cook up “hyper-palatable food that requires little chewing and goes down easily,” he notes. And Dr. Kessler reports that the Snickers bar, for instance, is “extraordinarily well engineered.” As we chew it, the sugar dissolves, the fat melts and the caramel traps the peanuts so the entire combination of flavors is blissfully experienced in the mouth at the same time.

Foods rich in sugar and fat are relatively recent arrivals on the food landscape, Dr. Kessler noted. But today, foods are more than just a combination of ingredients. They are highly complex creations, loaded up with layer upon layer of stimulating tastes that result in a multisensory experience for the brain. Food companies “design food for irresistibility,” Dr. Kessler noted. “It’s been part of their business plans.”

But this book is less an exposé about the food industry and more an exploration of us. “My real goal is, How do you explain to people what’s going on with them?” Dr. Kessler said. “Nobody has ever explained to people how their brains have been captured.”

eleven inherent rules of corporate behavior

Dieoff | A hundred years ago, even fifty years ago, it did not seem urgent that we understand the relationship between business and a healthy environment, because natural resources seemed unlimited. But on the verge of a new millenniums we know that we have decimated ninety-seven percent of the ancient forests in North America; every day our farmers and ranchers draw out 20 billion more gallons of water from the ground than are replaced by rainfall; the Ogalala Aquifer, an underwater river beneath the Great Plains larger than any body of fresh water on earth, will dry up within thirty to forty years at present rates of extraction; globally we lose 25 billion tons of fertile topsoil every year, the equivalent of all the wheatfields in Australia. These critical losses are occurring while the world population is increasing at the rate of 90 million people per year. Quite simply, our business practices are destroying life on earth. Given current corporate practices, not one wildlife reserve, wilderness, or indigenous culture will survive the global market economy. We know that every natural system on the planet is disintegrating. The land, water, air and sea have been functionally transformed from life-supporting systems into repositories for waste. There is no polite way to say that business is destroying the world. —Paul Hawkin, THE ECOLOGY OF COMMERCE

big oil ready for iraq

WSJ | Western oil companies were kicked out of Iraq in 1972, part of a wave of Mideast petroleum nationalization. Oil production hit at least three million barrels a day before Iraq invaded Kuwait in 1990, then fell sharply to 300,000 barrels after economic sanctions and trade embargoes were imposed. Production rebounded to about 2.5 million barrels before the U.S. invasion in 2003.

Iraqi lawmakers have squabbled for years over a draft petroleum law that would set a legal framework for foreign companies to start drilling again. Tired of waiting, Mr. Shahristani in 2008 unilaterally invited oil companies to bid on contracts. Because global companies are reluctant to explore undeveloped fields in Iraq without an oil law, Mr. Shahristani has focused on getting foreign help pumping from existing fields. "We have done what we can with our national resources, and now we need outside help," he says.

Despite security risks, Western oil companies are clamoring to get in. Iraq is still relatively unexplored, offering big companies a potentially easy-to-tap source of growth. Some are touting Iraq as the most important opening of petroleum fields since the discovery in 2000 of the giant Kashagan field in the Caspian Sea.

Some 120 companies expressed interest in bidding for the contracts at the June 29 and 30 auction, according to the oil ministry. Thirty-five companies qualified to bid, including Exxon Mobil Corp., Royal Dutch Shell PLC, Italy's Eni SpA, Russia's Lukoil and China Petroleum & Chemical Corp., or Sinopec. The six oil fields at stake are believed to hold reserves of more than 43 billion barrels. Foreigners won't get the most prized piece of the action -- ownership stakes in the reserves -- but will be paid fees for ramping up output.

Just over 20 of Iraq's roughly 80 known oil fields have been fully or partially developed, and most of its production comes from just three giants, North and South Rumaila and Kirkuk. Because lots of the black gold is considered relatively easy to extract, oil experts estimate that exploration and development in Iraq costs $1.50 to $2.25 a barrel, compared with about $5 in Malaysia or $20 in Canada.

"We're talking about a huge volume of crude flowing through their system for the companies who win the bids," says Samuel Ciszuk, IHS Global Insight's Middle East Energy analyst. "On the other side, Iraq desperately needs technology, and these companies can bring it."

come to save the day....,

what does it mean?

is 2009 the year of the global food crisis?

Nowpublic | After reading about the droughts in two major agricultural countries, China and Argentina, I decided to research the extent other food producing nations were also experiencing droughts. This project ended up taking a lot longer than I thought. 2009 looks to be a humanitarian disaster around much of the world

To understand the depth of the food Catastrophe that faces the world this year, consider the graphic below depicting countries by USD value of their agricultural output, as of 2006.


Now, consider the same graphic with the countries experiencing droughts highlighted.

The countries that make up two thirds of the world's agricultural output are experiencing drought conditions. Whether you watch a video of the drought in China, Australia, Africa, South America, or the US , the scene will be the same: misery, ruined crop, and dying cattle.