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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: NickSE who wrote (22783)	1/3/2004 7:50:26 AM
From: NickSE	Read Replies (1) \| Respond to of 793667

Plane crash at resort where Mubarrak and Blair were supposed to hold talks today. ~~~~~~~~ Egypt Plane Crash Kills 148; Technical Fault Blamed abcnews.go.com SHARM EL-SHEIKH, Egypt (Reuters) - An Egyptian Boeing 737 airliner carrying 135 mostly French tourists crashed into the Red Sea off the Egyptian resort of Sharm el-Sheikh on Saturday and a rescue team member said there were no survivors. "The initial indications are that it was a technical fault, but that is only preliminary," Civil Aviation Ministry Secretary-General Hassan Abo Ghanima told Reuters. He had said earlier: "There is no sign of terrorism." The plane, operated by the Egyptian company Flash Airlines, disappeared from radar screens minutes after take-off from Sharm el-Sheikh airport at 0244 GMT and crashed into deep water a few miles to the southeast, official sources said. The pilots did not report any problem and the weather was normal with good visibility, official sources said. The plane was heading for Cairo to refuel, change crew and take on more passengers before flying on to Paris...cont'd... ~~~~~~~~ According to pro-government newspaper Al-Ahram, Egyptian President Hosni Mubarak was scheduled to go to Sharm el-Sheikh Saturday for talks with British Prime Minister Tony Blair, who is holidaying there. channelnewsasia.com

To: NickSE who wrote (22783)	1/3/2004 8:40:49 AM
From: quehubo	Respond to of 793667

Libya, Iran, Saudia Arabia, UAE, Kuwait, Mexico, all have one thing in common. They cannot maintain their social programs and maintain their oil production from present strong revenues from high oil prices. Oil is becoming more and more expensive to bring to market. These countries have been liquidating their assets over the last 30 years and they need foreign investment to maintain or increase production. What scares the hell out of these doomed economies is that Iraq will attract foreign capital away from their countries. The opening of Russia was bad enough, but with Iraq being the desired target market for development by BP, Exxon, etc, these countries will have to work hard to attract the capital they need to prolong their doomed regimes. Did you see the article where Qaddafi was professing his desire to get American oil companies back into Libya?