BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 83: INFLATION
June 30, 2008 at 2:39 pm | In Economics, Financial, Globalization, Research | Leave a CommentBIS Review
Bank for International Settlements
BIS Review No 83 available
Press, Service (Press.Service@bis.org)
Publications, Service (Publications@bis.org)
Mon 6/30/08
Please find BIS Review No 83 attached as an Adobe Acrobat (PDF) file.
Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.
What’s included?
BIS Review No 83 (30 June 2008)
BIS Annual Report: The unsustainable has run its course and policymakers face the difficult task of damage control
BIS statement of account for May 2008
Malcolm Knight: Policy challenges from resurgent inflation and financial market turmoil
General Manager’s statement, BIS press conference
BIS 78th Annual Report 2007/08: an overview
Conclusion of the 78th Annual Report: the difficult task of damage control
________________________________
please e-mail press.service@bis.org.
BIS Review
Bank for International Settlements
BIS Review No 83 available
Press, Service (Press.Service@bis.org)
Publications, Service (Publications@bis.org)
Mon 6/30/08
MILITARY SEMINAR: SEPTEMBER 16 2008
June 30, 2008 at 4:29 am | In Military, Research, USA | Leave a CommentCombat Studies Institute
CONFERENCE ANNOUNCEMENT and CALL for Papers
THE US ARMY AND THE INTERAGENCY PROCESS:
HISTORICAL PERSPECTIVES
16-18 September 2008
Lewis and Clark Center
Fort Leavenworth, KS
The Combat Studies Institute will host a symposium entitled:
“The US Army and the Interagency Process: Historical Perspectives.”
The symposium will include a variety of guest speakers, panel sessions, and general discussions. This symposium will explore the partnership between the US Army and government agencies in attaining national goals and objectives in peace and war within a historical context. Separate international topics may be presented. The symposium will also examine current issues, dilemmas, problems, trends, and practices associated with US Army operations requiring close interagency cooperation.
More information is available at Symposium Announcement.
Combat Studies Institute
OIL FIELDS
June 29, 2008 at 10:04 pm | In Arabs, Globalization, Middle East, Research | Leave a Comment|
Selected oil fields Country Province [3] Field Ultimate |
|
Middle East |
|
Abu Dhabi Rub Al Khali Basin Umm Shaif Field |
|
Zakum Field 20 billion |
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Bahrain Greater Ghawar Uplift Awali 1 billion |
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Iraq Mesopotamian Foredeep Basin East Baghdad Field 11 billion |
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Kirkuk Field 16 billion |
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Majnoon Field 11-20 billion |
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Rumaila Field 20.5 billion |
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West Qurna Field 11-15 billion |
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Iran Abouzar Field |
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Aghajari Field 14 billion |
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Ahwaz Field 17 billion |
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Azadegan Field 3-6 billion |
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Balal Field |
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Darkhovin Field |
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Dehluran Field |
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Dorood Field |
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Esfandiar Field |
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Fereidoon Field |
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Gachsaran Field 15 billion |
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Marun Field 16 billion |
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Naftshahr Field |
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Nowrouz Field |
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Salman Field |
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Sirri Field |
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Yadavaran Field ~6 billion? |
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Kuwait Mesopotamian Foredeep Basin Burgan Field 66-72 billion |
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Minagish 2 billion |
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Raudhatain 6 billion |
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Sabriya 3.8-4 billion |
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Oman Fahud-Huqf Yibal 1 billion |
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Qatar Qatar Arch Maydan Mahzam 0.550 billion |
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Bul Hanine Field 0.690 billion |
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Greater Ghawar Uplift Dukhan Field 2.2 billion |
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Saudi Arabia Rub Al Khali Shaybah Field 15 billion |
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Abu Hadriya Field |
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Greater Ghawar uplift Abu-Sa’fah field 6.1 billion |
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Abqaiq Field 12 billion |
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Berri Field 12 billion |
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Dammam Field |
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Fadhili Field |
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Foroozan-Marjan Field |
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Ghawar Field 71 billion[4] |
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Harmaliya Field |
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Khursaniyah Field |
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Manifa Field 11 billion |
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Marjan Field |
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Qatif Field |
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Zuluf Field |
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The Neutral Zone Mesopotamian Foredeep Basin Safaniya-Khafji Field |
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Yemen Marib al Jawf Alif Field 0.5 billion |
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As’sad Al Kamil 0.14 billion |
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Masila Camaal |
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Tawilah |
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Sunah |
|
|
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Africa |
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Algeria Ghadames Bir Rebaa |
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Ouargla Hassi Messaoud 9 billion |
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Illizi Djanet |
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Berkine Ourhound |
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Hassi Berkine |
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Angola Lower Congo fan Kizomba Complex 2 billion |
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Dalia (oil field) 1 billion |
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Cobo/Pambi |
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Dikanza |
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Girassol |
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Kissanje |
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Nemba |
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Pacassa |
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Takula |
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Xikomba |
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Cameroon Rio del Rey Basin |
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[[2]] |
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? |
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Congo African interior-rift basin M’Boundi oilfield ? |
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The Central African Republic Ubangi river vally[citation needed] Boise 1[citation needed] ~ 1 million |
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Boise 2[citation needed] ~ 0.5 million |
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Egypt Red Sea rift / Gulf of Suez Badri |
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Belayim >1 billion |
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Belayim Marine ca. 0.5 billion |
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July (Oil field) ca. 0.5 billion |
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Ramadan (oil field) ca. 0.5 billion |
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Ras Budran |
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Morgan (oil field) |
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October (oil field) |
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Equatorial Guinea Niger Delta toe-Thrust Alba (oil field) |
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Zafiro ~ 1 billion |
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Rio Muni Basin Ceiba (oil field) |
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Gabon Oggoué Delta Etame |
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Rabi-Kounga 0.8 billion |
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Libya Sirte Basin Serir field 12.6 billion |
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Sirte Basin Zelten oil field 2.5 billion |
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Sirte Basin Waha field |
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Sirte Basin Raguba field |
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Murzuq Basin Elephant field 0.7 billion |
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Nigeria Niger Delta ca 250 fields, total : ca 36 billion |
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Agbami Field 0.8-1.2 billion |
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Johnston Field |
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Bonga Field 1.4 billion |
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Mauritania Mauritanian coastal Chinguetti Field ~ 120 million [[3]] |
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Toif field |
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Banda field |
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Omar field |
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Abdul Field |
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Mali Gao Graben Basin ? |
|
|
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Uganda Lake Albert Basin ? |
|
|
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Europe and Former Soviet Union |
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Azerbaijan South Caspian Basin Azeri-Chirag-Guneshli 5.4 billion |
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Shah Deniz 2.5 billion |
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Kazakhstan Pre-Caspian Basin Tengiz Field 6-9 billion |
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Karachaganak Field 2.5 billion |
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Kashagan Field 13 billion |
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Kurmangazy Field 6-7 billion |
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Darkhan Field 9,5 billion |
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Zhanazhol Field 3 billion |
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South Torgay Basin Kumkol Field 0.1 billion |
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South Mangyshlak Basin Uzen Field 7 billion |
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Kalamkas Field 3,2 billion |
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Zhetybay Field 2,1 billion |
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Nursultan Field 4,5 billion |
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Norway Viking Graben (North Sea) Ekofisk oil field 3.3 billion |
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Troll Vest 1.4 billion |
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Statfjord 3.4 billion |
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Gullfaks 2.1 billion |
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Oseberg 2.2 billion |
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Snorre 1.5 billion |
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West of Helgeland (Norwegian Sea) Norne |
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Draugen |
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Russia Western Siberia Lowlands Samotlor Field 20 billion |
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Priobskoye field 13 billion |
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Lyantorskoye Field 13 billion |
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Fyodorovskoye Field 11 billion |
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Mamontovskoye Field 8 billion |
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Russkoye Field 2.5 billion |
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Vankor 1.6 billion |
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Vatyeganskoye Field 1.4 billion |
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Tevlinsko-Russkinskoye Field 1.3 billion |
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Sutorminskoye Field 1.3 billion |
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Urengoy group 1 billion |
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Ust-Balykskoe Field >1 billion |
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Vyngapurovskoye Field 0.9 billion |
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Yuzhno-Yagunskoye Field 0.8 billion |
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Lodochnoye Field 0.8 billion |
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Povhovskoye Field 0.8 billion |
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Vynga-Yahinskoye Field 0.8 billion |
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Salym Group 0.6-0.8 billion |
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Sugmutskoye Field 0.7 billion |
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Muravlenkovskoye Field 0.7 billion |
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Holmogorskoye Field 0.6 billion |
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Tagulskoye Field 0.6 billion |
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Suzunskoye Field 0.6 billion |
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Varyeganskoye Field 0.5 billion |
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Novogodnee Field 0.5 billion |
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Pogranichnoye Field 0.5 billion |
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Pokachevskoye Field 0.4 billion |
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Kraynee Field 0.4 billion |
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Nivagalskoye Field 0.4 billion |
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Tazovskoye Field 0.4 billion |
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Sporyshevskoye Field 0.4 billion |
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Urievskoye Field 0.3 billion |
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Payakhskoye Field 0.3 billion |
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Kogalym Field 0.2 billion |
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Verh-Tarskoye Field 0.2 billion |
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Nong-Egan Field 0.2 billion |
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Druzhnoye Field 0.2 billion |
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Luginetskoe Field 0.2 billion |
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Kluchevskoye Field 0.1 billion |
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Ety-Purovskoye Field 0.1 billion |
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Shaimskoye Field |
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Megionskoe Field |
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Strezhevoe Field |
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Yuzhno-Surgutskoe Field |
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Zapolyarnoye Field |
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Volga-Ural Romashkino Field 16-17 billion |
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Tuymazinskoe Field] 3 billion |
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Arlanskoye Field >2 billion |
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Shkapovskoye Field |
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Ishimbayskoye Field |
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Chekmagush Field |
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Sobolevskoye Field 0.8 billion |
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Unvinskoye Field 0.2 billion |
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Mishkinskoye Field |
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Mukhanovskoye Field |
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Chutyrsko-Koengorskoye Field |
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Osinskoye Field |
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Kokuyskoye Field |
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Kuedinskoye Field |
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Elabuzhskoye Field |
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Neftegorskoye Field |
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Buguruslanskoye Field |
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Bavlinskoye Field |
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Syzranskoye Field |
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Ufimskoye Field |
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Timan-Pechora Basin South-Hilchuy Field 3.1 billion |
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North-Dolginskoye Field 2.2 billion |
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South-Dolginskoye Field 1.6 billion |
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Prirazlomnoe Field 1.4 billion |
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West-Matveevskoye Field 1.1 billion |
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Haryaginskoye Field 0.6 billion |
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Usinskoye Field 0.6 billion |
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Varandeyskoye Field 0.5 billion |
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Toraveyskoye Field 0.5 billion |
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West-Tebuk Field 0.4 billion |
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Yaregskoye Field 0.3 billion |
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Vozeyskoye Field 0.2 billion |
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Yuzhno-Shapkinskoye Field 0.15 billion |
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Tadinskoye Field 0.1 billion |
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Hilchuy Field |
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Inzyreyskoye Field |
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Yareiyuskoye Field |
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Peschanoozerskoye Field |
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Layavozhskoye Field |
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Sakhalin Islands 14 billion |
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Sakhalin-I Odoptu 1 billion |
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Arukutun-Dagi 1 billion |
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Sakhalin-II Piltun-Astokhskoye Field 1 billion |
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Sakhalin-III Ayash Field |
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East-Odoptu Field 4.5 billion |
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Katangli |
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Kolendo |
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Muhto |
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Mongli |
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Ohinskoye |
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Mirzoev |
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Sabo-West |
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Ekabi |
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Noglikskoye |
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Nabilskoye |
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Nutovskoye 1.5 billion |
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Pre-Caspian Basin Kurmangazy Field 6-7 billion |
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Filanovskogo Field 0.5 billion |
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Hvalynskoye Field 0.2 billion |
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Korchagina Field 0.2 billion |
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Pamyatno-Sasovskoye Field 0.2 billion |
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Other fields ~1.5-2 billion |
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Lena-Tunguska Basin Verhne-Chonskoye Field 1.3 billion |
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Talakan Field 1.3 billion |
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Yurubchen Field 0.4 (8 geo) billion |
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Karabulskoye Field 0.4 billion |
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Verhnemanzinskoye Field 0.3 billion |
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Troitskoye Field 0.3 billion |
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Yaraktinskoye Field 0.1 billion |
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Kuyumbinskoye Field 0.5 billion |
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Omorinskoye Field |
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Chayandinskoye Field |
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Noth-Caucasus Basin 1.7 billion |
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Maykopskoye Field |
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Ahtyrskoye Field |
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Neftegorskoye Field |
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Hadyzhenskoye Field |
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and other 0.6 billion |
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Gudermes Field |
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Yastrebinoye Field |
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Oktyabrskoye Field |
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Old-Grozny Field |
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New-Grozny Field |
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Zamankul Field |
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Sernovosk Field |
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and other 0.6 billion |
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Zaterechny Field |
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Ozek-Suat Field |
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Velichavskoye Field |
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and other 0.5 billion |
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Izberbash Field… 0.1 billion |
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Lena-Viluy basin Verhneviluchanskoye Field 0.3 billion |
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Lena-Viluy basin Srednebotuobinskoye Field |
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Tas-Yuryakhskoye field |
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Machchobinskoye field |
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Baltic Butinge basin Kravtsovskoye field 0.05 billion |
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Yenisey-Anabar basin search |
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Pre-Pacific basin search |
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East siberia sea basin search |
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Germany Northwest German Basin Mittelplate ~ 0.4 billion |
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United Kingdom North sea Alba oilfield |
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Andrew oilfield |
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Aluk oilfield |
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Scorpion oilfield |
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Beatriss oilfield |
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Brae oilfield |
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Brent oilfield |
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Bruce oilfield |
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Buchan oil field |
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Buzzard oilfield |
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Clair oilfield 1.75 billion |
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Claymore oilfield |
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Cormorant oilfield |
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Dunlin oilfield |
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Eider oilfield |
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Forties oilfield 5 billion |
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Foinaven oilfield |
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Fulmar oilfield 0.544 billion |
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Gannet oilfield |
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Goliat ([4]) |
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Harding oilfield |
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Kittiwake oilfield |
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Magnus oilfield |
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Nelson oilfield |
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North Cormorant oilfield |
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Osprey oilfield |
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Piper oilfield (see also Piper Alpha) |
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Rhum gasfield |
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Schiehallion oilfield |
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Shearwater oilfield |
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Tern oilfield |
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Wytch Farm 0.48 billion |
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Romania Ploieşti oilfield |
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|
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South America |
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Argentina Lunlunta Carrizal oilfield, Mendoza City [[5]] |
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[[6]] |
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|
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Patagonia Dananiel (a) 10 million (?) |
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Tere de Fuagu Tere de Fuagu ~ 10 million |
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Brazil Campos Basin Numerous fields, total : ca. 8 billion |
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including Marlim 1.7 billion |
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Albacora 0.5 billion |
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Roncador 2.7 billion |
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Santos Basin Tupi (oil field) 5-8 billion |
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Jupiter field 7 billion? |
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Sugar Loaf field 25-40 billion[7] |
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Colombia Llanos Caño Limón .1 billion |
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La Punta |
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Cupiagua/Cusiana ~ 1 billion |
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Ecuador Putumayo-Oriente Dorine (oil field) |
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Eden Yutui |
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Palo Azul |
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Sacha |
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Shushufindi |
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Villano |
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Guyana Orinoco tar sands (east) West Guyanan ca. 10 million |
|
Venezuela Maracaibo Bolivar Coastal Field ca. 30 billion |
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Boscán Field, Venezuela 1.6 billion |
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East Venezuela Orinoco tar sands 1700 billion (OOIP) |
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North America |
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Canada Western Canada Athabasca Tar Sands 1700 billion |
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Newfoundland Hibernia 3.0 billion |
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Terra Nova Field 1.0 billion |
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Hebron-Ben Nevis 0.7 billion |
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White Rose Field 0.44 billion |
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Garden Hill 0.3 billion |
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Cuba North Cuba Basin Marti field ? |
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Mexico Campeche Sound Cantarell Field 15-20 billion |
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Chicontepec Chicontepec Fields 17 billion |
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United States Permian Basin SACROC 1.5 billion |
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Yates 1.5 billion |
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Alaska North Slope Prudhoe Bay 13 billion |
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Alpine 0.4 to 1.0 billion (estimates) |
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ANS – ANWR None known |
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Illinois Basin Numerous small fields 4 billion |
|
Mid-Continent East Texas Oil Field 6 billion |
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Los Angeles Basin Wilmington Oil Field 3.0 billion |
|
Salinas Valley San Ardo Oil Field 0.6 billion |
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San Joaquin Valley South Belridge Oil Field 2.0 billion[5] |
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Buena Vista Oil Field 0.7 billion |
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Coalinga Oil Field 1.0 billion |
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Cymric Oil Field 0.6 billion |
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Elk Hills Field 1.5 billion[6] |
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Kern Front Oil Field 0.2 billion |
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Kern River Field 2.5 billion[7] |
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Lost Hills Field 0.5 billion |
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McKittrick Oil Field 0.3 billion[8] |
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Midway-Sunset Field 3.4 billion[9] |
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Mount Poso Oil Field 0.3 billion[10] |
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Deepwater Gulf of Mexico Atlantis Oil Field, 0.6 billion |
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Thunder Horse Field >1 billion |
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Knotty Head 0.2 – 0.5 billion |
|
Jack 2[11] in development |
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Alaminos Canyon The Great White[12] in development |
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Tobago[13] in development |
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Silvertip[14] in development |
|
Asia-Pacific |
|
Australia Bass Strait Kingfish ~1.2 billion |
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Halibut ~1 billion |
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NW shelf, Carnavon Basin Goodwyn |
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Enfield |
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Wanaea-Cossack |
|
China Heilongjiang Daqing Field 16 billion |
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Shengli Field |
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Bohai Bay Jidong Field 2.2 billion(?) |
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Tarim Tahe Field 8 billion(?) |
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India Assam Digboi Field |
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Cambay Kalol Field |
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Balol Field |
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Barmer (W. Rajasthan) Several Fields ~ 2 billion |
|
Mumbai offshore Bombay High |
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Krishna Godavari Ravva Field |
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Gujarat Santhal Field |
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Indonesia Northwest Java Basin Ardjuna |
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North Sumatra Arun |
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Central Sumatra Basin Duri |
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Minas |
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Asri Basin Widuri |
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Kutai Basin Attaka |
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West Seno |
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Nilam |
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Natuna Sea Belida |
|
Pakistan Punjab Toot oilfield [15] [16] ~ 1 billion |
|
Missa Keswaal 0.5 bn ? |
|
Karachi coastal Jinnah oil field ~ 0.5 billion |
|
Ul-Haq oil field 0.4 billion ? |
|
Musharref oil field 0.4 billion ? |
|
Mizra oil field 0.3 billion ? |
|
Khan oil field ? |
|
Wasim oil field ? |
Saudi Oil fields Update:
The Saudis estimate Khurais and the nearby smaller Abu Jifan and Mazalij fields hold a total of 27 billion barrels of oil encased in solid rock 5,000 feet below the baking desert.
Aramco officials insist that despite the tight construction market, the Khurais project will be ready to produce 1.2 million barrels per day by next June.
But equipment and labor shortages have delayed production at another field, Khursaniyah, which was originally scheduled to begin pumping 500,000 barrels per day at the end of 2007. Aramco officials now say Khursaniyah will come online in August.
Also in the works is the development of the Manifa field, which sits offshore in the Gulf and is Saudi Arabia’s only other giant oil field still untapped.
If all goes as scheduled, Aramco forecasts more than 50 billion barrels of fresh reserves from the giant fields by 2011. That amount alone would give Saudi Arabia the ninth largest oil reserves in the world, not even counting its existing reserves.
Outside analysts estimate the kingdom’s total current reserves at about 260 billion barrels.
JOSEPH ROTH NOVEL “REBELLION”: “STATE’S VIOLENT IRRATIONALITY”
June 29, 2008 at 4:29 am | In Books, Globalization, History | Leave a CommentRebellion
by Joseph Roth (Author)
(Introduction,Translator)
Product details:
-
Paperback: 256 pages
-
Publisher: Granta Books; New Ed edition (28 Jun 2000)
-
Language English
-
ISBN-10: 1862073635
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ISBN-13: 978-1862073630
What happens when one’s faith in the modern istitutions of state and law fail? This is the political premise of Roth’s early novel. In this short work we follow the decline of Andreas Pum, a holy fool of the modern age. Andreas a war veteran (having lost a leg) is given a beggars permit and set out into the streets to fend for himself. With a misplaced sense of nobility and absolute belief in the support of his country, he goes about this task with his head held high. At first things go well, but a chance encounter on a tram one day sets in motion a chain of events that ruin his life. It is not the material hurt or suffering that bite hardest, but the destruction of Pum’s wold view. No longer can the state manifests itself as a just and moral arbitrator for him. Roth cleverly mirrors the loss of religious certainty with that of Pum’s secular fall. The final passages of the book are beautiful and moving as they focus in on Pum’s tragic response to the state’s violent irrationality.
Product Description
Synopsis
The story of Great War veteran, Andreas Pum. When he is imprisoned after a fight, life seems unbearable. A chance encounter with an old comrade who has made his fortune brings Pum to a world where he has a transfiguring experience of justice.
From Joseph Roth, an allegorical yet decidedly modern novelist, comes this story of postwar disillusion, the limits of faith, and “personal fate as governed by the blind, casual workings of a machine controlled by no one and for which no one is responsible” (The New York Times).
When Andreas Pum returns from World War I, he has lost a leg but gained a medal. But unlike his fellow sufferers, Pum maintains his unswerving faith in God, Government, and Authority. Ironically, after a dispute, Pum is imprisoned as a rebel, and all that he believed in is now thrown into upheaval. Moving along at a breakneck clip, Rebellion captures the cynicism and upheavals of a postwar society. Its jazz-like cadences mix with social commentary to create a wise parable about justice and society.
AUSTRO-HUNGARIAN EMPIRE
At the apogee of a reign that commenced in 1848 and ran until 1916, Franz Joseph, Emperor of Austria and King of Hungary, ruled over some fifty million subjects. Of these fewer than a quarter spoke German as a first language. Even within Austria itself every second person was a Slav of one kind or another—Czech, Slovak, Pole, Ukrainian, Serb, Croat, Slovene. Each of these ethnic groups had aspirations to become a nation in its own right, with all the appurtenances of nationhood, including a national language and a national literature.
The mistake of the imperial government, we can see with hindsight, was to take these aspirations too lightly, to believe that the advantages of belonging to an enlightened, prosperous, peaceful, multiethnic state would always outweigh the pull of separatism and the push of anti-German (or, in the case of the Slovaks, anti-Magyar) prejudice. When war—precipitated by a spectacular act of terrorism by ethnic nationalists—broke out in 1914, the empire found itself too weak to withstand the armies of Russia, Serbia, and Italy on its borders, and fell to pieces.
“Austro-Hungary is no more,” wrote Sigmund Freud to himself on Armistice Day, 1918. “I do not want to live anywhere else…. I shall live on with the torso and imagine that it is the whole.” Freud spoke for many Jews of Austro-German culture. The dismemberment of the old empire, and the redrawing of the map of Eastern Europe to create new homelands based on ethnicity, worked to the detriment of Jews most of all, since there was no territory they could point to as ancestrally their own. The old supranational imperial state had suited them; the postwar settlement was a calamity. The first years of the new, stripped-down, barely viable Austrian state, with food shortages followed by levels of inflation that wiped out the savings of the middle class and violence on the streets between paramilitary forces of left and right, only intensified their unease. Some began to look to Palestine as a national home; others turned to the supranational creed of Communism.
“The Bust of the Emperor” (1935) belongs squarely to Roth’s ultraconservative phase. Set in Galicia immediately after the World War, it concerns the quixotic Count Franz Xaver Morstin, who, despite the fact that his homeland now belongs to Poland, keeps a bust of Emperor Franz Joseph in front of his residence and goes around in the uniform of an Austrian cavalry officer. The story is told by an unnamed narrator who takes it as his task to commemorate this obscure, low-key protest against the course of history.
The narrator wastes no time in giving us his opinion of modern times. In the course of the nineteenth century, he observes caustically, it was discovered that “every individual had to be a member of a particular race or nation”:
All those people who had never been anything other than Austrians…began, in compliance with the “order of the day,” to call themselves part of the Polish, the Czech, the Ukrainian, the German, the Romanian, the Slovenian, the Croatian “nation.”
Among the few who continued to regard themselves as “beyond nationality” was Count Morstin.
Before the war the count used to have some kind of social role as mediator between the local people and the state bureaucracy. Now he is without power or influence. Yet the villagers—Jews, Poles, Ruthenians—continue to respect him. These folk are to be commended, advises the narrator, for resisting “the incomprehensible caprices of world history.” “The wide world is not so very different from the little village of Lopatyny as the leaders and the demagogues would have us believe,” he adds darkly.
Commanded by the new Polish authorities to remove the bust of the Emperor, Morstin supervises its solemn burial. Then he retires to the south of France to live out his days and write his memoirs. “My former home, the monarchy,…was a large house with many doors and many rooms for many different kinds of people,” he writes. “This house has been divided, broken up, ruined. I have no business with what is there now. I am used to living in a house, not in cabins.”
Rebellion
by Joseph Roth (Author)
Michael Hofmann (Introduction, Translator)
See:
http://www.nybooks.com/articles/15143
COMMENT:
“the incomprehensible caprices of world history.”
JOSEPH ROTH AND “THE INCOMPREHENSIBLE CAPRICES OF WORLD HISTORY”
June 29, 2008 at 3:26 am | In Books, Globalization, History | Leave a CommentThe Collected Shorter Fiction of
Joseph Roth
by Joseph Roth (Author)
Michael Hofmann (Translator)
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Product Details:
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As you read the “Collected Shorter Fiction of Joseph Roth”, you’ll marvel at his language – his remarkable talent for using simple words to evoke pictures and feelings deep in your mind. Consider, for instance, “…the perfumed lilac breathed, the blackbirds sang, the month of May came giggling out of the undergrowth…” from `The Honors Student’, the very first story in his collection. Or, “The woodpeckers were already hammering at the trees. It rained a lot…” his opening sentences from `Strawberries’ – another touching tale. And, like me, you’ll discover the world of Joseph Roth, thanks largely to Michael Hofmann’s translation.
There are seventeen stories in this collection, all of them wonderfully entertaining. A few of them are long enough to be novellas, but that’s a bonus. Roth writes about small towns, men living in the past, women compelled to wasting their years, and childhoods cut short by necessity. His characters are so real that you’ll feel you might have known some of them, sometime in your life. Each story is a touch melancholic, sometimes even tragic. But his words seem to live on forever.
What you’ll also find running through Roth’s stories is an obsession with the past, or at least, a preoccupation with maintaining status quo. Perhaps, it’s a reflection of his own inability in accepting the changes in his life: World War I, the fall of the Austro-Hungarian Empire, the rise of nationalism and Nazi Germany.
A point he clearly laments in `The Bust of the Emperor’: “They are no longer content to be divided into peoples, no! – it seems they’re hell-bent on belonging to different nations. Nationalism – get this, Solomon?! – Not even monkeys could have come up with that one.”
But melancholy and his obsession with the past are not the only elements that drive these stories. Roth weaves in humour too. Take for instance this description from `Barbara’: “He patted Barbara’s cheeks, and it felt to her like five little piglets scrabbling over her face.” Or, this passage in `The Triumph of Beauty’: “She fell to her knees and kissed my friend’s toe-caps. He couldn’t fight her off. She slapped him as well. Then, she collapsed on the floor, lifeless as a doll. It wasn’t possible to lift her up. She seemed to be welded to the carpet.”
Joseph Roth’s words are wonderfully simple, his descriptions vivid, and his stories, entertaining. A touch melancholic perhaps, but a delightful collection.
It is quite a puzzle that the author of such works as The Radetzky March, Job and Rebellion remains largely unknown to so many English-speaking readers – and even those well acquainted with modern European literature, and the likes of Thomas Mann. Several wonderful translators – not least of them, the poet Michael Hoffman – are helping to correct this sorry situation. Hoffman’s rendition of The Collected Shorter Fiction of Joseph Roth is the latest service in a great cause, as it shows Roth also had a gift for short fiction. With his characteristic lyricism, and precise depiction of conflicted, and all-too-human characters, Roth creates several more memorable stories. Anyone familiar with Roth’s work might recognize the haunting Stationmaster Fallmerayer, as this is perhaps the best known work in this collection. Certainly they will recognize Stationmaster as vintage Roth, once read, as it is redolent of the writer’s unique ability to capture the simple tragedy of simple lives, sensitively, but without sentimentality. The same can be said of The Bust of the Emperor, which contains echoes of the novel The Emperor’s Tomb. A particular favourite of mine was Barbara, the responsible mother, “Didn’t the name sound like hard labor”, who knows responsibility to her son, but perhaps not to herself. How many writers, Chekhov aside, can distil with such poignancy a character’s whole emotional life in a mere eight brief pages?
“The incomprehensible caprices of
world history.”
The Bust of the Emperor” (1935) belongs squarely to Roth’s ultraconservative phase. Set in Galicia immediately after the World War, it concerns the quixotic Count Franz Xaver Morstin, who, despite the fact that his homeland now belongs to Poland, keeps a bust of Emperor Franz Joseph in front of his residence and goes around in the uniform of an Austrian cavalry officer. The story is told by an unnamed narrator who takes it as his task to commemorate this obscure, low-key protest against the course of history.
The narrator wastes no time in giving us his opinion of modern times. In the course of the nineteenth century, he observes caustically, it was discovered that “every individual had to be a member of a particular race or nation”:
All those people who had never been anything other than Austrians…began, in compliance with the “order of the day,” to call themselves part of the Polish, the Czech, the Ukrainian, the German, the Romanian, the Slovenian, the Croatian “nation.”
Roth clearly laments ethno-nationalism in `The Bust of the Emperor’:
“They are no longer content to be divided into peoples, no! – it seems they’re hell-bent on belonging to different nations. Nationalism – get this, Solomon?! – Not even monkeys could have come up with that one.”
Among the few who continued to regard themselves as “beyond nationality” was Count Morstin.
Before the war the count used to have some kind of social role as mediator between the local people and the state bureaucracy. Now he is without power or influence. Yet the villagers—Jews, Poles, Ruthenians—continue to respect him. These folk are to be commended, advises the narrator, for resisting “the incomprehensible caprices of world history.” “The wide world is not so very different from the little village of Lopatyny as the leaders and the demagogues would have us believe,” he adds darkly.
Commanded by the new Polish authorities to remove the bust of the Emperor, Morstin supervises its solemn burial. Then he retires to the south of France to live out his days and write his memoirs. “My former home, the monarchy,…was a large house with many doors and many rooms for many different kinds of people,” he writes. “This house has been divided, broken up, ruined. I have no business with what is there now. I am used to living in a house, not in cabins.”
Nostalgia for a lost past and anxiety about a homeless future are at the heart of the mature work of the Austrian novelist Joseph Roth. “My most unforgettable experience was the war and the end of my fatherland, the only one that I have ever had: the Austro-Hungarian monarchy,” he wrote in 1932. “I loved this fatherland,” he continued in a foreword to The Radetzky March. “It permitted me to be a patriot and a citizen of the world at the same time, among all the Austrian peoples also a German. I loved the virtues and merits of this fatherland, and today, when it is dead and gone, I even love its flaws and weaknesses.” The Radetzky March is the great poem of elegy to Habsburg Austria, composed by a subject from an outlying imperial territory; a great German novel by a writer with barely a toehold in the German community of letters.
Moses Joseph Roth was born in 1894 in Brody, a middle-sized city a few miles from the Russian border in the imperial crownland of Galicia. Galicia had become part of the Austrian Empire in 1772, when Poland was dismembered; it was a poor region densely populated with Ukrainians (known in Austria as Ruthenians), Poles, and Jews. Brody itself had been a center of the Haskala, the Jewish Enlightenment. In the 1890s, two thirds of its people were Jewish.
Three Novellas: THE LEGEND OF THE
HOLY DRINKER, FALLMERAYER THE
STATIONMASTER AND THE BUST OF
THE EMPEROR
(Works of Joseph Roth)
by Joseph Roth (Author)
Product Details:
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Paperback: 112 pages
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Publisher: Overlook TP (October 28, 2003)
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Language: English
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ISBN-10: 1585674486
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ISBN-13: 978-1585674480
GEOPHYSICS AND GLOBAL CHANGE: JUNE 28 2008 ALERT
June 28, 2008 at 2:10 pm | In Earth, Globalization, Research, Science & Technology, World-system | Leave a CommentGlobal Change (16xx) – Alert 28 Jun 2008
AGU E-Alert (alerts@agu.org)
Sat 6/28/08
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Global Change (16xx) – Published Past 7 Days
Ricciuto, Daniel M.; Davis, Kenneth J.; Keller, Klaus
A Bayesian calibration of a simple carbon cycle model: The role of observations in estimating and reducing uncertainty
Global Biogeochem. Cycles, Vol. 22, No. 2, GB2030
http://dx.doi.org/10.1029/2006GB002908
28 June 2008
Gibson, J. J.; Birks, S. J.; Edwards, T. W. D.
Global prediction of d[A] and d^2H-d^18O evaporation slopes for lakes and soil water accounting for seasonality
Global Biogeochem. Cycles, Vol. 22, No. 2, GB2031
http://dx.doi.org/10.1029/2007GB002997
28 June 2008
Font, A.; Morguí, J. A.; Rodó, X.
Atmospheric CO[2] in situ measurements: Two examples of Crown Design flights in NE Spain
J. Geophys. Res., Vol. 113, No. D12, D12308
http://dx.doi.org/10.1029/2007JD009111
28 June 2008
Tian, Baijun; Waliser, Duane E.; Kahn, Ralph A.; Li, Qinbin; Yung, Yuk L.; Tyranowski, Tomasz; Geogdzhayev, Igor V.; Mishchenko, Michael I.; Torres, Omar; Smirnov, Alexander
Does the Madden-Julian Oscillation influence aerosol variability?
J. Geophys. Res., Vol. 113, No. D12, D12215
http://dx.doi.org/10.1029/2007JD009372
28 June 2008
Chu, Jung-Lien; Kang, Hongwen; Tam, Chi-Yung; Park, Chung-Kyu; Chen, Cheng-Ta
Seasonal forecast for local precipitation over northern Taiwan using statistical downscaling
J. Geophys. Res., Vol. 113, No. D12, D12118
http://dx.doi.org/10.1029/2007JD009424
28 June 2008
Rignot, Eric
Changes in West Antarctic ice stream dynamics observed with ALOS PALSAR data
Geophys. Res. Lett., Vol. 35, No. 12, L12505
http://dx.doi.org/10.1029/2008GL033365
28 June 2008
Cai, Wenju; Sullivan, Arnold; Cowan, Tim
Shoaling of the off-equatorial south Indian Ocean thermocline: Is it driven by anthropogenic forcing?
Geophys. Res. Lett., Vol. 35, No. 12, L12711
http://dx.doi.org/10.1029/2008GL034174
27 June 2008
Mukai, Makiko; Nakajima, Teruyuki; Takemura, Toshihiko
A study of anthropogenic impacts of the radiation budget and the cloud field in East Asia based on model simulations with GCM
J. Geophys. Res., Vol. 113, No. D12, D12211
http://dx.doi.org/10.1029/2007JD009325
26 June 2008
Le Pichon, Alexis; Vergoz, Julien; Herry, Pascal; Ceranna, Lars
Analyzing the detection capability of infrasound arrays in Central Europe
J. Geophys. Res., Vol. 113, No. D12, D12115
http://dx.doi.org/10.1029/2007JD009509
26 June 2008
Luetscher, Marc; Lismonde, Baudouin; Jeannin, Pierre-Yves
Heat exchanges in the heterothermic zone of a karst system: Monlesi cave, Swiss Jura Mountains
J. Geophys. Res., Vol. 113, No. F2, F02025
http://dx.doi.org/10.1029/2007JF000892
26 June 2008
Charbit, S.; Paillard, D.; Ramstein, G.
Amount of CO[2] emissions irreversibly leading to the total melting of Greenland
Geophys. Res. Lett., Vol. 35, No. 12, L12503
http://dx.doi.org/10.1029/2008GL033472
26 June 2008
Prather, Michael J.; Hsu, Juno
NF[3], the greenhouse gas missing from Kyoto
Geophys. Res. Lett., Vol. 35, No. 12, L12810
http://dx.doi.org/10.1029/2008GL034542
26 June 2008
Sodemann, H.; Masson-Delmotte, V.; Schwierz, C.; Vinther, B. M.; Wernli, H.
Interannual variability of Greenland winter precipitation sources: 2. Effects of North Atlantic Oscillation variability on stable isotopes in precipitation
J. Geophys. Res., Vol. 113, No. D12, D12111
http://dx.doi.org/10.1029/2007JD009416
25 June 2008
Lunt, D. J.; Ridgwell, A.; Valdes, P. J.; Seale, A.
“Sunshade World”: A fully coupled GCM evaluation of the climatic impacts of geoengineering
Geophys. Res. Lett., Vol. 35, No. 12, L12710
http://dx.doi.org/10.1029/2008GL033674
25 June 2008
D’Arrigo, Rosanne; Baker, Patrick; Palmer, Jonathan; Anchukaitis, Kevin; Cook, Garry
Experimental reconstruction of monsoon drought variability for Australasia using tree rings and corals
Geophys. Res. Lett., Vol. 35, No. 12, L12709
http://dx.doi.org/10.1029/2008GL034393
25 June 2008
Stammer, D.
Response of the global ocean to Greenland and Antarctic ice melting
J. Geophys. Res., Vol. 113, No. C6, C06022
http://dx.doi.org/10.1029/2006JC004079
24 June 2008
Sigmond, Michael; Scinocca, John F.; Kushner, Paul J.
Impact of the stratosphere on tropospheric climate change
Geophys. Res. Lett., Vol. 35, No. 12, L12706
http://dx.doi.org/10.1029/2008GL033573
24 June 2008
Sud, Y. C.; Walker, G. K.; Zhou, Y. P.; Schmidt, Gavin A.; Lau, K.-M.; Cahalan, Robert F.
Effects of doubled CO[2] on tropical sea surface temperatures (SSTs) for onset of deep convection and maximum SST: Simulations based inferences
Geophys. Res. Lett., Vol. 35, No. 12, L12707
http://dx.doi.org/10.1029/2008GL033872
24 June 2008
Ruckstuhl, Christian; Philipona, Rolf; Behrens, Klaus; Collaud Coen, Martine; Dürr, Bruno; Heimo, Alain; Mätzler, Christian; Nyeki, Stephan; Ohmura, Atsumu; Vuilleumier, Laurent; Weller, Michael; Wehrli, Christoph; Zelenka, Antoine
Aerosol and cloud effects on solar brightening and the recent rapid warming
Geophys. Res. Lett., Vol. 35, No. 12, L12708
http://dx.doi.org/10.1029/2008GL034228
24 June 2008
Global Change (16xx) – Alert 28 Jun 2008
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TWO BOOKS ON U.S. POLITICAL PARTIES: “THE PARTY FAITHFUL” AND “GRAND NEW PARTY”
June 28, 2008 at 5:05 am | In Books, Economics, Financial, History, USA | Leave a CommentThe Party Faithful:
How and Why Democrats Are Closing
the God Gap
by Amy Sullivan (Author)
Editorial Reviews
From Publishers Weekly
Senior Time editor Sullivan says trying to understand American politics without looking at religion would be like trying to understand the politics of the Middle East without paying attention to oil. Her fresh look at the God gap reveals the chasm’s depths and offers a bridge across. Sullivan, an evangelical, discusses party process as the Catholic and white evangelical vote for Democrats declined sharply in the 1980s. The story of this shift is as fascinating as it is timely. Starting in the 1960s, she traces the Second Vatican Council’s impact on Catholics and the rise of Jerry Falwell’s Moral Majority, and the effects of these changes upon politics. Sullivan focuses with special sharpness on John Kerry, a case study in how to mishandle religion during a political race and challenges the conventional wisdom that the right was religious and the left wanted religion scrubbed from the public square. Evangelical and political conservatives may be related, but they are not synonymous, says Sullivan; Clinton, after all, is a genuine Southern evangelical. Sullivan’s account argues persuasively and optimistically that politically liberal and theologically orthodox evangelicals can be brought back to the Democratic Party. Must reading for Democrats. (Feb.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Review
“Amy Sullivan is an exceptional journalist who has become one of our most insightful commentators on the American religious-political landscape. The Party Faithful is filled with discerning reporting, behind-the-scenes stories, and astute analysis. Her history of the evangelical social conscience will be illuminating to many. She shows that faithful voters do not belong to only one party, but are looking to bring their moral passion to politics and are more likely now to hold both sides accountable. She understands the sea change going on in faith and politics in America.” — Jim Wallis, author of The Great Awakening and God’s Politics
“Long before most journalists or Democratic activists were paying attention, Amy Sullivan understood that what was happening in the religious world mattered enormously to the political world — and she saw the damage being done to the Democratic Party in the name of God. With empathy, superb reporting, a sense of history, and an ear for the good story, Sullivan describes what went wrong in the party of Roosevelt and Jimmy Carter, and the struggles and strategizing designed to level the religious playing field. The Party Faithful is a fascinating account, brimming with humanity — and hope.” — E. J. Dionne Jr., author of Souled Out: Reclaiming Faith and Politics After the Religious Right
“The religious vote is up for grabs in unprecedented ways in 2008, and in this thoughtful and moving book, Amy Sullivan not only explains why but suggests what liberals and Democrats can do to capture it.” — Alan Wolfe, author of Does American Democracy Still Work? and director of the Boisi Center for Religion and American Public Life, Boston College
“Amy Sullivan is one of a small group of political journalists who understand that the phrase ‘religious progressive’ is not an oxymoron. Her book is the answer to my prayers.” — Paul Begala, CNN political analyst and former counselor to President Clinton
“Lots of people are writing good books on faith and politics these days — Amy Sullivan has written a great one. The Party Faithful is an invaluable romp through the Democrats’ often torturous (and regularly tortuous) journey of faith and is essential reading for anyone hoping to understand the presidential race.” — David Kuo, author of Tempting Faith
“The most exciting voice on the religious left. Period. She produces the most interesting, path-breaking writing on religion and politics.” — Steven Waldman, cofounder of Beliefnet
“There is far too little great reporting and sound thinking on the perennial subject of religion and politics in America, but Amy Sullivan is changing that. With intelligence, insight, and grace, she has given us a great gift in The Party Faithful, a new book that sheds light on a question that too often simply generates heat.” — Jon Meacham, author of American Gospel and Franklin and Winston
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Grand New Party:
How Republicans Can Win the
Working Class and Save the
American Dream
by Ross Douthat (Author)
Reihan Salam (Author)
Editorial Reviews
Product Description
“Memo to John McCain: Please, please READ THIS BOOK. It can help you win the election and guide Republicans in shaping the political future.
Memo to Democrats: Don’t read this book. It’s going to be THE political book of 2008. Republicans will be better off if you choose to ignore it.”
–William Kristol, editor, The Weekly Standard
In a provocative challenge to Republican conventional wisdom, two of the Right’s rising young thinkers call upon the GOP to focus on the interests and needs of working-class voters.
Grand New Party lays bare the failures of the conservative revolution and presents a detailed blueprint for building the next Republican majority. Blending history, analysis, and fresh, often controversial recommendations, Ross Douthat and Reihan Salam argue that it is time to move beyond the Reagan legacy and the mind-set of the current Republican power structure.
In a concise examination of recent political trends, the authors show that the Democrats’ cultural liberalism makes their party inherently hostile to the interests and values of the working class. But on a host of issues, today’s Republican Party lacks a message that speaks to their economic aspirations. Grand New Party offers a new direction—a conservative vision of a limited-but-active government that tackles the threats to working-class prosperity and to the broader American Dream.
With specific proposals covering such hot-button topics as immigration, health care, and taxes, Grand New Party will shake up the Right, challenge the Left, and force both sides to confront and adapt to the changing political landscape.
About the Author
ROSS DOUTHAT is the author of Privilege: Harvard and the Education of the Ruling Class and a senior editor at the Atlantic. REIHAN SALAM is an associate editor at the Atlantic and a fellow at the New America Foundation. He blogs at The American Scene.
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FRBSF ECONOMIC RESEARCH: WORKING PAPERS
June 28, 2008 at 2:45 am | In Economics, Financial, Globalization, Research | Leave a CommentRecent Working Paper issued by
FRBFRBSF Economic Research
Fri 6/27/08
The paper listed below was recently added to the Working Papers Series at the Federal Reserve Bank of San Francisco.
You can access an index of working papers at the Bank’s website
http://www.frbsf.org/publications/economics/papers/index.html
or access the pdf file of this paper using the link following its abstract.
Speculative Growth and Overreaction to Technology Shocks
by Kevin J. Lansing (WP 2008-08)
This paper develops a stochastic endogenous growth model that exhibits “excess volatility” of equity prices because speculative agents overreact to observed technology shocks. When making forecasts about the future, speculative agents behave like rational agents with very low risk aversion. The speculative forecast rule alters the dynamics of the model in a way that tends to confirm the stronger technology response. For moderate levels of risk aversion, the forecast errors observed by the speculative agent are close to white noise, making it difficult for the agent to detect a misspecification of the forecast rule. In model simulations, I show that this type of behavior gives rise to intermittent asset price bubbles that coincide with improvements in technology, investment and consumption booms, and faster trend growth, reminiscent of the U.S. economy during the late 1920s and late 1990s. The model can also generate prolonged periods where the price-dividend ratio remains in the vicinity of the fundamental value. The welfare cost of speculation (relative to rational behavior) depends crucially on parameter values. Speculation can improve welfare if actual risk aversion is low and agents underinvest relative to the socially optimal level. But for higher levels of risk aversion, the welfare cost of speculation is large, typically exceeding one percent of per-period consumption.
JEL classification: E32, E44, G12, O40
http://www.frbsf.org/publications/economics/papers/2008/wp08-08bk.pdf
***For a searchable index of Federal Reserve System Economic Research publications,
check out Fed In Print at
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Recent Working Paper issued by FRBSF Economic Research
Fri 6/27/08
BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 82: TURKEY
June 27, 2008 at 4:33 pm | In Economics, Financial, Globalization, Research | Leave a CommentBIS Review
Bank for International Settlements
BIS Review No 82 available
Press, Service (Press.Service@bis.org)
Publications, Service (Publications@bis.org)
Fri 6/27/08
Please find BIS Review No 82 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.
What’s included?
BIS Review No 82 (27 June 2008)
Christian Noyer: France’s banking industry in 2007 – key trends
Axel A Weber: Financial markets and monetary policy
Durmuş Yılmaz: Global challenges and local response – monetary policy in Turkey
Martín Redrado: Fiscal space for stability, growth and social inclusion
Donald L Kohn: Global economic integration and decoupling
________________________________
please e-mail press.service@bis.org.
BIS Review
Bank for International Settlements
BIS Review No 82 available
Press, Service (Press.Service@bis.org)
Publications, Service (Publications@bis.org)
Fri 6/27/08
CFTC UPDATE: CARBON TRADING
June 27, 2008 at 3:39 am | In Economics, Financial, USA | Leave a CommentCFTC.gov Daily Digest Bulletin
CFTC.gov (cftc@service.govdelivery.com)
Thu 6/26/08
Wed, 25 Jun 2008
CFTC.gov Speeches and Testimony Update
Speeches and Testimony for CFTC.gov.
The following speech was given by CFTC Commissioner Bart Chilton.
-
June 25, 2008
“The Most Important Thing,” Finance IQ, Second Carbon Trading Conference
Commodity Futures Trading Commission · 1155 21st Street, NW · Washington DC 20581 · 202-418-5000
CFTC.gov Daily Digest Bulletin
CFTC.gov (cftc@service.govdelivery.com)
Wed, 25 Jun 2008
Thu 6/26/08
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