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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: jlallen who wrote (231680)5/19/2007 9:34:16 AM
From: jttmab  Read Replies (1) | Respond to of 281500
 
You lost eight more chips.

Eight more American troops were killed on a single day in Iraq, the American military said Saturday.

Three American soldiers were killed Friday when their vehicle was bit by a bomb northeast of Baghdad, and two more in an ambush inside the city in which a gunmen opened fire on a patrol already hit by a roadside booby-trap.

Another soldier was killed in western Iraq, one was shot dead while on foot patrol in Baghdad and the eighth was killed by a roadside bomb south of the capital that wounded two American and two Iraqi troops.

The deaths brought total American casualties since the March 2003 invasion to 3,412 and the total deaths in May to 69, keeping it on course to be one of the bloodiest months of the war for American forces so far, though unofficial sources across Iraq put the figure at much higher.

Some political observers believe that the presence of foreign occupying forces remains behind insecurity in the oil-rich country.

iribnews.ir



To: jlallen who wrote (231680)5/19/2007 9:36:27 AM
From: jttmab  Respond to of 281500
 
Fortunately, there is some good news.

jttmab

Oil stocks ride $65 crude to clinch new highs
Marketwatch - May 18, 2007 5:01 PM ET

SAN FRANCISCO (MarketWatch) -- Energy stocks charged further into record territory Friday, riding a rally in oil prices that kept June crude futures north of $65 a barrel for most of the day.

At the close, the Amex Oil Index (XOI) was up 1.8% at 1,348.9 points, adding to Thursday's 1.5% gain to finish the week with a 4% gain.

The upward momentum carried through the rest of the sector as well, pushing the Amex Natural Gas Index (XNG) 1.5% higher to 511 points, up 3.1% for the week. The Philadelphia Oil Service Index $OSX rose 1.7% to 252 points, up 4.2% from last Friday's close.

All three indexes finished at all-time highs, wrapping up two days of solid gains in a week that began with three days of lateral drift.

Heightened tensions in Nigeria, where labor unions were threatening a two-day strike later this month to protest recent presidential elections, raised fresh concerns over the flow of crude supplies from the country. Nigerian output has been hobbled this month by rebel actions aimed at its oil fields, knocking out more than 200,000 barrels a day.

The market also continues to fret about low U.S. gasoline supplies heading into summer. The industry has been plagued by unscheduled refinery outages, keeping margins high for producers whose units are running.

The combination of supply concerns and strong fuel demand sent June crude-oil futures as high as $65.64 a barrel on the New York Mercantile Exchange. The contract failed to hold the gains, however, ending 8 cents higher at $64.94. For the week, June crude rose $2.57. See Futures Movers.

Big overseas integrated oil companies continued to grab much of the attention Friday, with U.S.-traded shares of France's Total S.A. (TOT) up 2.6% to $76.05 and Anglo-Dutch Royal Dutch Shell Plc. (RDSA) ahead 2.2% at $74.28.

Royal Dutch Shell got an early boost from talk among European traders that it might be mulling a merger with BP Plc. Industry analysts remained skeptical, however, as they have when the same rumor surfaced in the past. The two companies, citing policy, declined to comment on market speculation.

BP Plc (BP) added 1.8% to $68.90.

ConocoPhillips' (COP) topped gains by the U.S. oil companies, up 2.2% to $74.85, ahead of No. 1 Exxon Mobil Corp. (XOM), up 1.8%, and No. 2 Chevron Corp. (CVX), up 1.7%.

Despite several months of some of the strongest margins and earnings seen in the industry, independent refiners were downgraded Friday by Credit Suisse to underweight from market weight.

"Gasoline supplies have begun to rebuild over the past two weeks and we believe that the U.S. gasoline market is starting to turn the corner," Credit Suisse analyst M. Flannery wrote in a research note.

Among the big independent refiners, shares of Valero Energy Corp. (VLO) rose 1.2% Friday to $73.97, Sunoco Inc. (SUN) shot 2.4% higher to $76.02, and Tesoro Corp. (TSO) rose 2.1% to $118.98.

On the broker front, Calyon Securities analyst Mark Urness raised his rating on oil drilling contractor Nabors Industries Ltd. (NBR) to add from neutral and bumped up the target price to $40 a share from $30.

The move was founded in Urness's conviction that the North American onshore drilling market is on the brink of an upswing.

"With the natural gas [price] strip well above $8 per million British thermal units and operators much less fearful of a spring/summer price collapse, we believe North American drilling activity will firm up during the second half of 2007," Urness said in a research note.

Nabors shares closed at $36.08, up nearly 1.3% for the day. The June natural-gas futures contract on Nymex fell 13.1 cents to $7.944 per million Btu.



To: jlallen who wrote (231680)5/19/2007 9:41:10 AM
From: jttmab  Read Replies (1) | Respond to of 281500
 
It would be nice if you cared half as much for the GI as these guys do. But they're just chips to you. Your tax cut, now that's important. What did you get with your tax cut, a new big screen plasma tv?

jttmab

Exhausted GIs search for comrades
Three missing nearly a week; 5 soldiers, 2 journalists killed Friday

U.S. soldiers fought exhaustion Friday as the military pressed forward with a six-day-old search for three missing comrades believed captured by al-Qaida in Iraq in an ambush south of Baghdad.

The continued search efforts came on a day when the military announced the deaths of five U.S. soldiers. ABC News also said two of its Iraqi employees had been killed while driving home from the network's Baghdad bureau.

Even if the three are dead, soldiers said that the families back home needed to know what happened and that the attackers must be punished.

"We'll find them. I'll tell you what, they're going to wish they never did this thing," Lt. Col. Michael Infanti said.

Infanti, commander of the 4th Battalion, 31st Infantry Regiment, gave an impassioned pep talk to soldiers at a patrol base who were exhausted from the search.

"I can't tell you they're alive, and I can't tell you that they're not," he said. "This ain't over. This ain't over by a long shot."

Army Sgt. Anthony J. Schober, 23, who lived in Rohnert Park with his mother and grandparents in the early '90s, was killed in the same firefight.

Thousands of soldiers have been involved in the search, backed by aircraft, intelligence agents and dog teams.

Many troops from the 2nd Brigade, 10th Mountain Division, their faces burnt from the sun after scouring fields and villages for clues, said a glimmer of hope kept them going.

"It's knowing that there's a chance that they're still alive -- and even if they're not alive, their families deserve to know what happened to them," Staff Sgt. Dustin Parchey said at a dusty forward base near Mahmoudiya, 10 miles east of where the ambush occurred May 12.

Sgt. Jose Atilano, of Prosser, Wash., estimated he had gotten 14 hours of sleep since the search began, returning only briefly to the base after spending hours in the field. He said he was eager to go back as soon as he got the order.

"We are going to keep going until we find them. If I were in their shoes, I would hope my battle buddies would do the same for me," he said.

Elsewhere Friday, U.S. soldiers captured six men in northeast Baghdad suspected of involvement in smuggling materials for deadly armor-piercing bombs, the military said.

The military said two of the six suspected insurgents arrested Friday, who were not identified, were considered "key leaders" of a "secret-cell terrorist network," one of whom was involved in "numerous murders, kidnappings, assassinations" of Iraqis and coalition troops.

The group was also "known for facilitating the transport of weapons and explosively formed penetrators, or EFPs, from Iran to Iraq, as well as bringing militants from Iraq to Iran for terrorist training," the military said in the statement.

The Bush administration has criticized Iran's government for failing to shut off the flow of EFPs into Iraq, although officials have conceded that they have no conclusive intelligence that senior officials in Tehran are behind the smuggling.

The penetrators use explosives to fire a molten slug that is able to pierce even the strongest armor plating, and they are responsible for dozens of American and Iraqi military deaths every month, according to military officials.

Two of the U.S. soldiers killed Friday, whose names were not released, were taking part in raids in southern Baghdad unconnected to the arrests that uncovered bomb-making materials, according to a military statement, which said nine other soldiers had also been wounded.

Three other soldiers were killed in an explosion near a military vehicle in Diyala province, northeast of Baghdad. An Iraqi soldier was killed in front of his house by gunmen in Diwaniya, a Interior Ministry official said.

Alaa Uldeen Aziz, 33, a cameraman for ABC, and soundman Saif Laith Yousuf, 26, were killed Thursday afternoon after they were stopped by two cars full of gunmen and forced out of their vehicle, the network said Friday.

In Baqouba, a Sunni insurgent stronghold north of Baghdad, insurgents were said to have attacked a U.S.-Iraqi base at dawn before being driven off in a firefight that lasted an hour and left seven of the attackers dead, according to an Iraqi security official. But Lt. Col. Michael Donnelly, a spokesman for the U.S. military forces in the city, said he was unaware of any major attack in Baqouba.

Throughout Iraq on Friday, car bombs and suicide attacks caused at least 11 other deaths.

Near Hilla, south of Baghdad, a suicide car bomb detonated near a police checkpoint, killing three policemen and wounding two others, a police official said. Two other policemen were killed and two were wounded by a roadside bomb in Eskandria.

On a highway between the northern cities of Mosul and Kirkuk, gunmen attacked three trucks carrying food at dawn and killed the drivers, a police official said. A bomb placed on a bridge near the volatile city of Kirkuk exploded, injuring four people, the police there said.

Insurgents and kidnapping gangs have recently been intensifying their activities on roads in and out of Kirkuk.

In western Baghdad on Friday, a car bomb caused two deaths and a policeman was killed by gunmen, an Interior Ministry official said.

Twenty-five bodies were found around Baghdad.

the city.

On "Good Morning America" on Friday morning, ABC correspondent Terry McCarthy said that Iraqi employees like Aziz and Yousuf, the two ABC journalists killed in the ambush, served "as our eyes and ears in Iraq."

According to the Committee to Protect Journalists, 104 journalists and 39 news-media-support staff members have been killed in Iraq, making it the deadliest conflict for the news media since the organization began tracking deaths 25 years ago.

Eighty-three percent of all news media deaths have been Iraqis.

www1.pressdemocrat.com