GOP-Linked Oil Firm Inks Oil Deal in Northern Iraq
The news comes as U.S. oil companies continue to gain a foothold in Iraq. The Texas-based Hunt Oil has announced a production-sharing agreement with the Kurdish regional government. Hunt will begin oil exploration later this year. The deal is the first for the Kurdish province since it passed its own oil law last month. Hunt CEO Ray Hunt has been a key Republican fundraiser. He sits on the board of directors for the contracting giant Halliburton and is a member of the Foreign Intelligence Advisory Board under an appointment from President Bush.
Study: Polar Bears Face Extinction Over 50 Years
In environmental news, a new study is warning two-thirds of the world’s polar bears could be extinct if global warming continues apace over the next fifty years. The U.S. Geological Survey predicts the bears will die out if warm weather continues to melt the ice sheets where they live. The U.S. Fish and Wildlife Service is considering whether to designate polar bears a ‘threatened’ species.
Rumsfeld to Join Stanford Think-Tank
Body Shop Anita Roddick Founder Dies at 64