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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (48032)	3/12/2005 2:03:01 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Cricket diplomacy-Love and friendships all over! Musharraf might ride Kashmir bus to ODI, yester years these nations were on war path, post 911 Republican policies resulted in a collateral benefit that led to 1.2 billion people able to see an era of peace, now it is in arena of diplomacy and cricket which have become the avenues were two nations are grappling their strengths Among the proposals being studied by both India and Pakistan is a suggestion from Islamabad that President Pervez Musharraf take the bus from Muzaffarabad to Srinagar and then fly to Jamshedpur for the India-Pakistan One-Day International (ODI) on April 9, The Times of India reported. It quoted a Pakistani government official as saying that nothing was final and the proposal would have to be discussed with Indian authorities. “But the option that the Pakistani president might ride on the bus linking both Kashmirs, that is scheduled to begin its run on April 7, was among the proposals being considered, he said,” the paper reported. “This would get the Pakistani president to Jamshedpur in Jharkhand in time for the ODI on April 9,” it added. The Times of India quoted a senior Pakistani FO official as saying that the bus journey was a difficult choice as many complications were involved, but the Pakistani government would surely make the proposal to the Indians. “‘It may be delayed for a day or two if the president opts for this route to watch the cricket match’,” the paper quoted him as saying.

To: IQBAL LATIF who wrote (48032)	3/12/2005 2:11:51 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

OPEC may agree at its meeting next week to allow members informally to pump above official oil output limits to cool scorching prices, the cartel's president said on Saturday. With oil prices again within sight of $55 a barrel, the Organization of Petroleum Exporting Countries is widely expected to maintain its formal production ceiling of 27 million barrels per day (bpd) at its March 16 meeting in Isfahan, Iran. "OPEC will work for stabilizing prices either by maintaining the ceiling as it is now or allowing overproduction to continue like it did in 2004," Sheikh Ahmad al-Fahd al-Sabah, also Kuwait's oil minister, told reporters at parliament. Sheikh Ahmad acknowledged that sky-high oil prices had already tempted some members to pump above quotas. A Reuters survey showed the 10 producers excluding Iraq together pumping 600,000 bpd above the official ceiling in February. "I think that now everybody is overproducing," Sheikh Ahmad said. "Current prices make it lucrative for everybody to hike production without the need for an (official) decision." On Friday, the International Energy Agency said OPEC production rose in February 390,000 bpd on the month to 29 million bpd due to increases in output from Kuwait, Nigeria, Saudi Arabia and Iraq. "Until now I don't think there is a shortage in the market, and I think OPEC, due to current prices, will continue with the same ceiling (at Isfahan)," Sheikh Ahmad said. OPEC members Iran, Qatar, Venezuela and Algeria have come out in favor of keeping output steady, with Algeria's minister saying on Thursday OPEC had no spare capacity to lift quotas. TWO MILLION BPD TO SPARE But the cartel's president said the producers' group had some 2 million bpd to spare. Most OPEC members are pumping at full tilt. As was the case last year, Saudi Arabia, the United Arab Emirates and Kuwait are the only cartel producers with significant spare capacity and will have to take responsibility for any further supply increase. "I think if the prices will continue like this, OPEC's ... behavior will be like 2004 and we will make sure we will do something to stabilize the prices," said the Kuwaiti oil minister. During the second half of last year, OPEC raised its official output ceiling by 3.5 million bpd to help tame runaway oil prices. cnn.netscape.cnn.com