Falling oil prices have brought welcome relief to American consumers, but lower oil prices should not lead to complacency about U.S. energy security. Growing global demand for oil, particularly from China and India, and declining spare oil production capacity have increased the global oil market’s vulner­ability to sudden shocks. Natural disasters (Hurricane Katrina), political instability [...]

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TEL AVIV, November 13 (Itar-Tass) — The Hezbollah Shiite movement has enlarged its arsenal in four months, which have passed since the end of the war with Israel.
Israeli intelligence services think that present-day Hezbollah has about 20,000 missiles of various range, including Iranian-made Zelzal capable of hitting Tel-Aviv.
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Militants declare they’re preparing to ‘hit Americans without mercy’
JERUSALEM – Four terror groups here, including militants from Palestinian Authority President Mahmoud Abbas’ Fatah party, which the U.S. considers moderate, warned today America is now officially a target for attacks both in the region and abroad.
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A disturbing piece of US intelligence was due to be laid before the US president George W. Bush’s strategy review conference with the Iraq Study Group and talks with the visiting Israeli prime minister Ehud Olmert in Washington. It is bound to color the two events which both take place Monday, Nov. 13. Twelve days [...]

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Less than two months after first announcing intentions for ‘peaceful nuclear plan’, Egypt takes first steps in constructing nuclear power plant
Egypt’s International Cooperation Minister Faiza Aboul Naga, said Monday that her country had begun taking steps in establishing the first nuclear power plant in Egypt.
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A CHINESE submarine approached a US aircraft carrier in the Pacific Ocean last month and surfaced within firing range of its torpedoes and missiles before being detected, The Washington Times reported today.
The newspaper said the encounter highlighted China’s continuing efforts to prepare for a possible future conflict with the United States despite the administration’s efforts [...]

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We are not concerned here with the implausible scenario of a Soviet-style collapse of the American superpower, perhaps induced at the hands of the rising East. Nor is it about the destruction of the US. Rather than thinking in such unrealistic black-and-white terms, the reader should consider whether the current US global position of dominance [...]

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