Archive for November 18th, 2008

The Sirius Star, an oil tanker with the capacity to carry two million barrels and longer than three football fields, was seized by Somali pirates off the coast of East Africa.

This high tech tanker, staffed by only 25 crew members and owned by Saudi Aramco, was headed south toward the Cape of Excellent Hope on its way to North America when it was hijacked.  World oil markets did not take notice of the hijacking; but, according to the LA Times:

Had the hijacking taken place earlier in the year, before the world’s leading economies started reeling and international demand for oil fell, it might have kicked the price of oil up $5 or more, analysts said.

Image and Via: LA Times

Original post by AFP and software by Elliott Back

Alaska Democrat ousts Stevens in Senate race

Written by on Tuesday, November 18th, 2008 in Latest News.

Ted Stevens, the longest-serving Republican in the U.S. Senate whose campaign to stay in Washington was haunted by his conviction on federal corruption charges, has narrowly lost his re-election bid, according to media reports Tuesday night.

Original post by AFP and software by Elliott Back

Texas grand jury indicts Cheney, Gonzales of crime (Reuters)

Written by on Tuesday, November 18th, 2008 in Latest News.

Reuters – A grand jury in South Texas indicted U.S. Vice President Dick Cheney and former attorney General Alberto Gonzales on Tuesday for “organized criminal activity” related to alleged abuse of inmates in private prisons.

Original post by Reuters and software by Elliott Back



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