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To: bentway who wrote (253910)6/13/2010 9:28:22 PM
From: Elroy JetsonRead Replies (3) | Respond to of 306849
 
Barack Obama has the luxury of believing the best of people because he has Rahm Emanuel busy believing the worst and preparing for it.

Rahm has a rather thankless job.
.



To: bentway who wrote (253910)6/14/2010 8:58:43 AM
From: RetiredNowRespond to of 306849
 
I do too, but then again, I keep wondering why in areas that he controls absolutely, like being Commander in Chief, he keeps breaking his promises. For example, why are we still spending hundreds of billions on massive war in the Middle East? Why are we still in Afghanistan? Well, the article below is starting to help be realize why we are still there and it makes me think that Obama is very similar to Bush. Bush was after oil. Obama seems to be after minerals.

U.S. discovers $1 trillion Afghan mineral deposits: report

reuters.com

(Reuters) - Afghanistan could be holding $1 trillion of untapped mineral deposits including critical industrial metals such as lithium, the New York Times reported, quoting U.S. government officials.

WORLD

The previously unknown deposits of iron, copper, cobalt and gold are so huge that it could transform the impoverished nation into one of the world's important mining centers, the report on the newspaper's website said. (here)

The mineral wealth, discovered by a team of Pentagon officials and U.S. geologists, is scattered throughout the country including in the south and east along the border with Pakistan, where the Taliban-led insurgency is the most intense.

"There is stunning potential here," the newspaper quoted General David Petraeus, commander of the U.S. Central Command, as saying in an interview at the weekend. "There are lots of ifs, of course, but I think potentially it is hugely significant."

An internal Pentagon memo said Afghanistan could become the "Saudi Arabia of lithium," the New York Times said. Lithium is a key raw material in the manufacture of batteries for laptops and other electronics such as mobile telephones.

Afghanistan does not have any mining industry or infrastructure, so it will take decades for the country to exploit its mineral wealth fully, the paper quoted U.S. officials as saying.

The report about the country's untapped wealth is likely to intensify competition among regional players such as China, India and even Russia for a greater role in exploiting those resources.

Two Chinese firms have committed themselves to a $4 billion investment in the vast Aynak copper mine, south of Kabul, the biggest non-military foreign investment so far in the country.

Another big contract to mine an estimated 1.8 billion tons of high-quality iron ore in the remote mountainous region of Hajigak is expected to open for international bidding this year.

Firms from India and China are eyeing the contract, which the Afghan mines ministry says is the largest unmined iron deposit in Asia.

According to the U.S. study, the biggest deposits discovered so far are of iron and copper and the quantities are large enough to make Afghanistan a major world producer.

Other finds include large deposits of niobium, a soft metal used in producing superconducting steel, rare earth elements and large gold deposits in Pashtun areas of southern Afghanistan.