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18. oktober 2007
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President Musharraf may have mixed feelings about the return of Benazir Bhutto to Pakistan, but some other people are far less happy.
Two explosions went off Thursday night near a truck carrying former Prime Minister Benazir Bhutto on her celebratory return to Pakistan after eight years in exile. Police and party workers said Bhutto was unhurt, but an official said there were at least 30 people killed and 100 wounded.
An Associated Press photographer at the scene said he saw between 50 and 60 dead or badly wounded people. He said some of the bodies were ripped apart.
An initial small explosion was followed by a huge blast just feet from the front of the truck carrying Bhutto during a procession through Karachi. The blast shattered windows in her vehicle.
This is probably the very frontline in the war on terror. Hopefully a reluctant alliance between Bhutto and Musharraf is what is needed to keep Pakistan out of the hands of the Islamo-fascists, but it's not exactly the people you want to see between yourself and "the end of the world."
Update: More deadly than anyone believed.
More than 120 people have been killed after two bombs exploded among crowds in Karachi celebrating the return of the former Pakistani PM Benazir Bhutto.
10:17:52 PM 
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Towards $100 a barrel oil?
Crude oil prices continued a months-long bullish run with another record-setting day: On Oct. 17, the price for a barrel of light sweet crude surged above $89 on the New York Mercantile Exchange, the highest mark recorded since contracts started trading on the exchange.
What's driving the latest bull run? Many analysts point to growing global demand amid tightening supplies. In the latest development, Turkish legislators on Oct. 17 approved sending troops into northern Iraq to pursue Kurdish guerrillas. Concerns that such actions could disrupt oil supplies in the Middle East drove prices higher yet again, for a seventh session, capping a $9 rally that started last week.
Some commentators, however, see speculation, not market fundamentals, behind the push towards $100.
Still, some analysts say that the latest price spike has less to do with market fundamentals than with momentum traders and speculators. As they push prices up in pursuit of profits, several experts say crude could hit triple digits. "The surge has less to do with fundamentals and more to do with irrational exuberance, and we could head higher," says Tom Kloza, chief oil analyst for the Oil Price Information Service, a consulting firm in Wall, N.J. "We don't need an extraordinary circumstance to take us to $100. With more investment money in oil and a weak dollar, we could hit that level."
Should fill up Norway's pension fund pretty nicely.
6:49:14 AM
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© Copyright 2007 Jan Haugland.
Last update: 02.11.2007; 20:18:29.
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