(Wall Street Journal, 2/24/11)
Prompt Brent markets have also flipped into slight backwardation, a trend we expect to continue in the short term, if sourcing immediate supplies is the concern. Moreover, the time taken to bring those Saudi barrels to the market is likely to be significantly longer compared to the ongoing Libyan production. Thus, the concept of a barrel for barrel replacement is not a correct one.
"We don't need the African Union ... In Egypt, was the African Union there? Was there a panel of heads of state there? It was the Egyptians that chased Mubarak out .... Gbagbo isn't stronger than Mubarak," said Soro. "The people of Ivory Coast need to do launch their own revolution."
That view is one shared by many Copts, who account for some 10 percent of Egyptians. They say Mubarak and his Cabinet are being made to answer for past wrongs. But they also worry that Islamist groups long suppressed by the Egyptian government will gain enough power to turn Egypt into a fundamentalist state — subject to Islamic laws and hostile toward religious minorities like the Copts.
WASHINGTON—The Obama administration unveiled a proposal Friday for winding down mortgage giants Fannie Mae and Freddie Mac, spelling out three options for what could take their place and setting the stage for a debate over the nation's $10.6 trillion mortgage market.
As Internet valuations climb and bankers and would-be buyers circle Silicon Valley in an increasingly frothy tech market, many eyes are on one particularly desirable, if still enigmatic, target: Twitter. Discussions with at least some potential suitors have produced an estimated valuation of $8 billion to $10 billion.