- Making News: OPEC Announces Production Cuts
Six sailors are missing in heavy weather after an oil tanker split open, spilling thousands of gallons of fuel oil in the Aleutian Islands. Meantime in Cairo, OPEC agreed to cut production to avoid further reductions in the price of oil. Peter Coy, economics editor for Business Week magazine, says high gasoline inventories and market dynamics will bring relief to Americans despite OPEC's decision to cut supply. - Reporter's Notebook: International Space Station at Risk of Running out of Food
A Russian supply ship is scheduled to dock with the International Space Station on the day after Christmas. Until then, American astronaut Leroy Chiao and Russian cosmonaut Salizhan Sharipov are eating and drinking very carefully. The crew is supposed to have 45 days worth of food and water, but as we hear from Gwyneth Shaw, who covers NASA for the Orlando Sentinel, supplies aboard are running short.
Organization of Petroleum Exporting Countries (OPEC)
BusinessWeek article on OPEC, oil prices, production
Secretary Rumsfeld's remarks to soldiers in Kuwait, en route to Iraq
Military Construction Authorization Act for Fiscal Year 2005 (HR 4200)
LA Times article on President Bush acting to defuse furor on armor