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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (37297)	7/17/2008 10:42:31 AM
From: elmatador	Read Replies (1) \| Respond to of 219665

FIFA sees Brazil as backup host for 2010 World Cup 4 hours ago MADRID (AFP) — Football's world governing body FIFA is in talks with authorities in Brazil about staging the 2010 World Cup there should South Africa be unable to host the event, a Spanish sports newspaper claimed on Thursday. "The South American country, which was chosen to organise the World Cup in 2014, has become the first option if South Africa is not able to organise" the 2010 edition, the sports newspaper AS said. "FIFA has informed the South African government of its decision to consult the (Brazilian Football Federation) on the possibility of organising the next two tournaments," it said, without indicating its sources. South African organisers remain confident of the nation's readiness for the first football World Cup to be held on the continent, despite delays in the construction of stadia. But FIFA President Sepp Blatter admitted last month that he has a Plan B organised should the country be unable to host the event. "I would be quite negligent as president if I did not have a Plan B tucked away at the back of a drawer," he said. "But only a natural disaster would make it active," he added, pushing aside doubts over security and possible construction delays.

To: TobagoJack who wrote (37297)	7/17/2008 9:24:07 PM
From: elmatador	Respond to of 219665

The guys messed with the wrong people! biofuels sector has launched a ferocious attack on the Opec oil cartel by accusing it of deliberately "misleading" the public about who is responsible for soaring fuel prices. The letter can be seen here goodfuels.org An open letter to Chakib Khelil, president of Opec, from the main biofuel organisations in Europe, North America and Brazil accuses him of providing self-serving explanations by claiming that 40% of the $140-a-barrel crude price results from the intrusion of bioethanol into the market. Biofuels producers hit back at Opec over oil price Terry Macalister The Guardian, Thursday July 17, 2008 Article historyThe global biofuels sector has launched a ferocious attack on the Opec oil cartel by accusing it of deliberately "misleading" the public about who is responsible for soaring fuel prices. An open letter to Chakib Khelil, president of Opec, from the main biofuel organisations in Europe, North America and Brazil accuses him of providing self-serving explanations by claiming that 40% of the $140-a-barrel crude price results from the intrusion of bioethanol into the market. "Since you, as head of Opec, provide no explanation for what in our view constitutes a self-serving and misleading statement that goes counter to any independent analysis of the fuels market today, one can only conclude that Opec views competition with biofuels as a direct threat," says the letter signed by the European Bioethanol Fuel Association, the Renewable Fuels Association in the US, the Canadian Renewable Fuels Association and the Brazilian sugar-cane producers of Unica. The organisations point instead to a recent piece of research from the investment bank Merrill Lynch suggesting that biofuels push crude prices 15% lower than they otherwise would be. They note that petrol prices in Brazil have not risen in two years because of competition from sugar cane-derived ethanol. Last month Opec warned western countries that their efforts to develop biofuels as an alternative energy source to combat climate change risked driving the price of oil "through the roof". Abdalla el-Badri, secretary general of Opec, said the cartel was considering cutting its investment in new oil production in response to moves by the developed world to use more biofuels. The biofuels industry says Opec members are heading for revenues of $1.2tn (£600bn) this year as a result of the "exorbitant" price of oil. "We realise that biofuels may be reducing your windfall profits," said the letter, which was published as a whole-page advert in the FT. "But, perhaps, the time for Opec to face some competition has finally arrived."