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...BP Amoco, the second-largest oil company in the U.S., is the world's largest manufacturer of solar panels. Wind farms are starting to sprout up - there's even one in Texas. Despite all of Bush and Cheney's much-criticized permissiveness when it comes to toxic power like coal and nukes, the long-term future they've laid out is cleaner than the one we've got: goosing, through reduced regulation, the natural-gas slice of the energy pie - it's now 15 percent - and letting the market for energy do the rest...
...consolidation mode since the late '90s. And relative prices are still lower than they were in the '60s. That's not to say refinery profit margins haven't increased handsomely from the supply squeeze. Operating profits have surged this year at refiners like Valero and big oil companies like BP Amoco and ExxonMobil. "Refiners have made a killing over the past 15-to-18 months," says Chris Stavros, an oil-industry analyst at UBS Warburg. Stavros points out that the suppliers aren't gouging; they are simply reaping the benefits of market economics swinging their...
...then there's the company Green Mountain keeps. Some of Green Mountain's best investors are George W. Bush's friends. Literally - Sam Wyly, a longtime Bush confidant, is the company's largest investor. And behind Wyly are energy giants BP Amoco and Nuon, who each own about a 20 percent stake...
...doesn't apologize for his Big Energy investors. "Hey, they bought into us - we didn't buy into them." Kelly likes working with BP Amoco's plugged-in trading desk, and happily points out that the oil giant is also the world's biggest retailer of solar panels...
...consolidation mode since the late '90s. And relative prices are still lower than they were in the '60s. That's not to say refinery profit margins haven't increased handsomely from the supply squeeze. Operating profits have surged this year at refiners like Valero and big oil companies like BP Amoco and ExxonMobil. "Refiners have made a killing over the past 15-to-18 months," says Chris Stavros, an oil-industry analyst at UBS Warburg. Stavros points out that the suppliers aren't gouging; they are simply reaping the benefits of market economics swinging their...