Tom Gjelten

'Revolutions' Unfold Within Oil Industry

Tom Gjelten — Wed, 15 May 2013 10:19:00 +0000

In the stodgy world of global oil, we don't hear the term revolution tossed around very often. But oil analysts are watching dramatic change take place on the supply side of the industry. Things like where the oil is coming from and who is buying it.

India, China Could Soon Demand More Oil Than U.S. And Europe

Tom Gjelten — Tue, 14 May 2013 20:56:00 +0000

Transcript

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For years, we've understood the global oil landscape in fairly simple terms: Saudi Arabia and other Middle Eastern countries were the big producers of oil, the United States and its allies were the big oil buyers. But a report today from the International Energy Agency shows a different picture. Turns out the U.S.

U.S. Turns Up Heat On Costly Commercial Cyber Theft In China

Tom Gjelten — Tue, 07 May 2013 07:03:00 +0000

American companies that do business with China make good money. They also lose a lot of money there to cyberthieves, who routinely hack into the computers of the U.S. firms and steal their trade and technology secrets.

China's theft of U.S. intellectual property has gotten serious enough in recent months to warrant President Obama's attention and prompt a series of visits to Beijing by senior members of Obama's Cabinet.

Clues Suggest Boston Suspects Took A Do-It-Yourself Approach

Tom Gjelten — Tue, 23 Apr 2013 20:44:00 +0000

As investigators look into the Boston Marathon bombings, one crucial question is whether the suspects, brothers Tamerlan and Dzhokhar Tsarnaev, acted alone or had help. The clues might be found in the bombs used.

From what is now known, it appears the brothers assembled a whole arsenal of explosives. Watertown Police Chief Edward Deveau told CNN last weekend that the suspects had at least six bombs, including the two used in the attack and one thrown at police during a shootout.

There were three bombs that weren't detonated, including one found at the Tsarnaevs' apartment in Cambridge.

Venezuela's Next Leader Faces Tough Choice On Oil Program

Tom Gjelten — Thu, 11 Apr 2013 07:23:00 +0000

As Venezuela's president, Hugo Chavez thought in grandiose terms, and his country's vast oil riches enabled him to act on his vision. But Chavez died before he had to deal with the flaws in his model, and some hard choices await his successor.

Key to Chavez's notion of "21st Century Socialism" was the redistribution of Venezuela's oil earnings.

Tensions With North Korea A Messaging Balancing Act For U.S.

Tom Gjelten — Sat, 06 Apr 2013 09:13:00 +0000

You might think alarm bells would be sounding in Washington, given the warnings coming out of North Korea. But when they talk about North Korea, U.S. officials are sounding like exasperated parents responding to a child's tantrum.

At the White House on Friday, spokesman Jay Carney said the United States "would not be surprised" if North Korea actually carries out a missile test.

"We have seen them launch missiles in the past, and the U.N.

Is All The Talk About Cyberwarfare Just Hype?

Tom Gjelten — Fri, 15 Mar 2013 09:12:00 +0000

U.S. government pronouncements about the danger of a major cyberattack can be confusing. The director of national intelligence, James Clapper, and the head of the U.S. military's Cyber Command, Army Gen.

Cyber Attacks, Terrorism Top U.S. Security Threat Report

Tom Gjelten — Tue, 12 Mar 2013 21:25:00 +0000

James Clapper, the director of national intelligence, went before the Senate Intelligence Committee on Tuesday in a bit of a sour mood. He led off complaining that he had to speak publicly at all.

"An open hearing on intelligence matters," Clapper said, "is a contradiction in terms." And then, before getting to any international problems Clapper hit a domestic one: the spending cuts mandated under the sequestration package.

"Let me now be blunt for you and for the American people," he said.

Sanctions Bite, But Iran Shows No Signs Of Budging

Tom Gjelten — Tue, 26 Feb 2013 21:55:00 +0000

A new round of international talks on Iran's nuclear program is under way in Kazakhstan, where the U.S., Britain, France, China, Russia and Germany are asking Iran to give up any thought of building a nuclear weapon in exchange for relief from sanctions.

Western leaders do not predict a breakthrough, but they say small steps could be taken that would increase confidence on both sides.

Still, it's hard to imagine how such negotiations could proceed with lower expectations for progress.

"If you sat people down, they would tell you that in a perfect world they would love to work something o

Victims Of Cyberattacks Now Going On Offense Against Intruders

Tom Gjelten — Wed, 13 Feb 2013 08:41:00 +0000

U.S. companies that have their networks routinely penetrated and their trade secrets stolen cannot be surprised by a new National Intelligence Estimate on the cyber-espionage threat. The classified NIE, the first-ever focusing on cybersecurity, concludes that the U.S. is the target of a major espionage campaign, with China the leading culprit.

Private firms and government agencies have struggled with cyberattacks from China and other countries for years.