Oil traded to new record high 126.50. Iran and oilers play games with nuke program. Not sure what kinds of games that they are playing but if it is real, then, the fooling and dragging games could ultimately be ended up in nuke wars as Arab extremes' highest calling is to kill non-muslims.
Sooner or later we will see alternative energy, but it seems that Iran is causing troubles.
Seven Arab Countries To Boost Energy Resources Using Nuclear Power 5/12/2008 1:46 PM ET
Seven Arab nations have agreed on a four-year plan to augment energy resources in the Arabian region by using nuclear power, the Associated Press reported.
The strategically important plan was discussed by energy officials from Saudi Arabia, Syria, Lebanon, Iraq, Yemen, Jordan and the UAE during a three-day meeting in Jordan's capital of Amman.
The plan aims to focus on reducing waste from energy production and protecting the coastal environment of the Red Sea, the Mediterranean and the Persian Gulf, the report said on Monday.
by RTT Staff Writer
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Iran's nuclear program a threat to global security, says atomic powers
5/9/2008 3:25 PM ET
In a joint statement issued on Friday, world's five main atomic powers have expressed serious concern over Iran's nuclear program, as “its proliferation of nuclear weapons constitutes a threat to international peace and security.”
China, France, Russia, Britain and the U.S. issued the statement at the conclusion of talks in Geneva, which is a forerunner of the 2010 NPT review conference to be held in New York.
Releasing the statement, British ambassador John Duncan said the Treaty on Non-Proliferation of Nuclear Weapons, known as NPT, remained “a key instrument for collective security.”
The five nations called on Iran to respond to the concerns of the international community through prompt and full implementation of the relevant UN Security Council resolutions and the requirements of the IAEA.
The atomic powers reiterated their support for the Six-Party Talks process aimed at securing the denuclearization of the Korean Peninsula and the 1995 resolution to maintain a nuclear weapons-free zone in the Middle East.
Ukrainian Ambassador Volodymyr Yelchenko, who chaired the talks, told reporters that the Geneva conference also discussed recent disclosures about alleged attempts by Syria to build a nuclear reactor aided by North Korea.
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