Energy & Fuel

Despite Sanctions, ExxonMobil Starts Drilling in Russia. Putin Cheers.

"Russian president calls ExxonMobil a 'model of cooperation' for its partnership with Rosneft in the face of Western sanctions against the Russian oil company. The energy giants are drilling Russia's first well in the arctic Kara Sea, an area with huge reserves of oil and gas."

Source: Christian Science Monitor, 08/11/2014

"Islamist Fighters Rout Kurds in Northern Iraq and Seize Dam"

"BAGHDAD — The crisis gripping Iraq escalated rapidly on Thursday with a re-energized Islamic State in Iraq and Syria storming new towns in the north and seizing a strategic dam as Iraq’s most formidable military force, the Kurdish pesh merga, was routed in the face of the onslaught."

Source: NY Times, 08/08/2014

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