ECN 11/7/07

Venezuela's Planned Arms Purchases Leave Neighbors UnsettledBy Leandro PradaCNSNews.com CorrespondentNovember 07, 2007Buenos Aires (CNSNews.com) - Venezuela is planning to extend its weapons purchases from Russia, adding to the $4 billion Chavez already has spent over the past two years.

How long before he “helps” his neighbors find the same perfection he has achieved?

EU split into several camps on Russia strategy, says report

07.11.2007 - 17:35 CET
Within the EU there are a least five camps when it comes to dealing with Russia, ranging from the 'Trojan horse' countries to the 'new Cold warriors', says a new study analysing the bloc's divided approach to its giant eastern neighbour. Greece and Cyprus are portrayed as most likely to defend Moscow's interests at the EU table.
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Which means nothing will be done and that fits right in to Putin’s schedule.

America, Mon Amour!
The Bush administration long seemed to see the French as cynical cowards. But that has changed now that Nicolas Sarkozy, an avowed fan of the United States, is at the helm in France. Washington's policies toward Iran could pivot on Sarkozy's US visit this week. By Gregor Peter Schmitz in Washington more...

Oil prices top $98 a barrel, setting new record
Falling dollar, fears of limited supplies pressure crude

NEW YORK - Oil prices stalled in their climb toward $100 a barrel Wednesday after a government report said oil inventories fell less than expected last week while refinery utilization remained flat.