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Strategic Petroleum Reserve

U.S. Keeps Open Option of Using Strategic Oil Reserve

The Obama administration is weighing the circumstances that could warrant tapping the nation's strategic oil reserve, aware that supply disruptions from Iran could harm the global economy, Treasury Secretary Timothy Geithner said on Friday.

Western Allies Arming Rebels in Syria, Opposition Claims, as Red Cross Reach Besieged Homs

Homs Syria
Syrian National Council member Bassma Kodmani said unnamed countries were already providing communications equipment, body armor and night-vision goggles to the Free Syrian Army. Western governments have in the past denied claims that they're arming foes of President Bashar al Assad. The news came as the Red Cross finally reached the besieged city of Homs, evacuating women and children.
Arghan Koran protests

Gingrich Slams Obama for Koran Burning Apology

Republican presidential candidate Newt Gingrich lambasted President Barack Obama for apologizing about the alleged burning of Korans and other sacred texts at a U.S. military base in Afghanistan.
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Voters To Romney, Paul, Santorum And Gingrich: We Don't Want Any Of You

What is a Super PAC? Everything You Need to Know

Super PACs are new in this election season, but the term is popping up everywhere in politics. That's because these deep-pocketed fan-clubs have become a major force the race for the Republican presidential nomination.
Syria Assad

Syria: 5 New Developments

Five new developments in the ongoing situation in Syria, including the potential arming of the Free Syrian Army and attempts at peace.
Oil prices Seen at a Gasoline Station

Rise and Rise of U.S. Gasoline Prices: Wall Street and Big Oil to Blame?

Everyone agrees the days of cheap gasoline are over. The pain at the pump is forcing people to cut down gasoline usage, and there has been a big drop in gasoline demand in the country. At the same time, domestic production is booming, with the number of rigs just in U.S. oil fields more than quadrupling in the past three years.
Policemen

12 Killed in Koran Burning Protests Across Afghanistan

Hundreds of demonstrators marched towards the palace of Afghan President Hamid Karzai in Kabul on Friday, as a fourth day of protests erupted over the burning of Korans at a NATO base, with riot police and soldiers on high alert. Twelve people were killed on Friday in the bloodiest day yet in protests that have raged across Afghanistan over the desecration of copies of the Muslim holy book.
Syria protest

Syria Allies, West Demand Aid Access; Annan Tapped as UN Envoy

Western and Arab countries on Friday will demand that Syria allow aid to be delivered to desperate civilians, despite the lack of international resolve to intervene to end a crackdown on foes of President Bashar al Assad's regime. Violence during the uprising has claimed thousands of Syrians' lives.
Israel

Cold War Within Israel: Defense Minister Barak Slams President Peres for Objecting to War

Israel may have to consider ending the internal war within its government before launching an attack on Iran in the name of its alleged nuclear weapons program. Israeli defense minister Ehud Barak, who is believed to be pushing for military action against Iran, slammed President Shimon Peres, following newspaper reports which said that Peres is expected to tell U.S. President Barack Obama that he doesn't believe Israel should attack Iran soon.
Kofi Annan

Kofi Annan Appointed as Special Envoy: New Hope for Syria?

Gowan also added to the news service that Despite Annan's personal profile, the key to successful mediation is for him to have genuine political support from across the international system. If the Russians and Chinese don't give him sufficient support, Assad and his supporters are likely to refuse to talk seriously.
Manning

Bradley Manning Defers Plea at Court-Martial Hearing

U.S. Army intelligence analyst Bradley Manning, accused of the largest leak of classified documents in U.S. history, deferred a plea in a military court arraignment Thursday, marking the first step in a court-martial that could land him in prison for life.
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U.S. Reports Progress in Fight Against Uganda Guerrillas

The United States said Thursday it was making progress with its African allies in its push against Uganda's notorious Lord's Resistance Army, but gave no clear end date for the shadowy U.S. military operation unfolding in Central Africa.
Greece's PM Papademos makes statements after a meeting with President Papoulias in Athens

Greeks Approve Bond Swap Needed for Bailout

Greece took its first step toward reaping urgently needed funds agreed in a 130-billion-euro rescue package Thursday as its parliament endorsed a bond swap for private holders of its debt.

Crude Could Hit $125 in Weeks

Crude prices are likely to hit $125 a barrel as global tensions, demand and cyclical market factors combine to hike the price ever upward.
Venezuelan President Hugo Chavez talks to the media as he welcomes U.S. actor Sean Penn at Miraflores Palace in Caracas February 16, 2012.

Chavez Travels to Cuba Friday for Cancer Surgery

Venezuela's ailing socialist leader, Hugo Chavez, will fly to Cuba on Friday for an unknown period to undergo new cancer surgery that has shaken the South American nation before an October presidential election.
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Coalition of Nations to Call for Syria Ceasefire, Aid Access

Western and Arab nations will demand that Syrian forces implement an immediate ceasefire to allow relief supplies to reach desperate civilians in cities such as Homs which has endured a 20-day bombardment when they meet in Tunis on Friday.

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