Argentina,Venezuela Fuel-For-Food Deal To Continue

BUENOS AIRES (Dow Jones)–Argentina and Venezuela will extend this year’s fuel-for-food accord over the coming years, giving Argentina the option to continue importing diesel and gasoil from its South American neighbor, if current gas and power shortages remain a problem.(Adds comments from Planning Minister De Vido’s spokesman saying this year’s $ 240 million fuel contract deal would be renewed in 2005.)

US: Energy Independence: The Ever-Receding Mirage

President Bush and his Democratic opponent John Kerry are both for “energy independence”—like every other president for a generation. That elusive, but ultimately pointless, quest has been a central feature in American politics and policy for the past 30 years, ever since the October 1973 embargo on oil exports to the United States launched by Saudi Arabia, Algeria, Bahrain, Abu Dhabi, and Libya.