Word: fuel
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...CHARGED. CHEN JIULIN, 44, suspended ceo of China's state-owned jet-fuel importer, China Aviation Oil; with 15 counts including insider trading, forgery and failing to disclose losses, along with four other executives; in Singapore. The company, which enjoys a monopoly on buying fuel on the world market and selling it to customers in mainland China, lost $550 million last year speculating in derivatives linked to oil prices. According to an investigation commissioned by the Singapore stock exchange, Chen and his top executives concealed the losses from investors for much of last year...
...Bolivia; after nearly a month of protests by the country's indigenous majority; in La Paz, Bolivia. The demonstrations, which call for the nationalization of the country's natural gas reserves to prevent exploitation by foreign companies, have closed airports in the nation and cut off food and fuel supplies to its major cities. Mesa, whose predecessor resigned in 2003 following protests over the government's energy policy, warned that "the country is on the verge of civil war." He has been succeeded by Supreme Court Chief Justice Eduardo Rodriguez...
...between the security standards at DOE nuclear sites and those at the commercial plants overseen by the NRC adds fuel to the argument over what is prudent. In the wake of 9/11, the DOE boosted by 300% the size of the terrorist force its guards must be able to defend against. The DOE's DBT is classified, but experts inside and outside the government say it requires guards to defeat a 9/11-size force. While DOE sites are more sensitive than private ones, since they house nuclear weapons and their key components, the impact of a terrorist strike on either could...
...National Academy of Sciences raised a new issue when it released a report in April assessing the dangers posed by the 43,600 tons of spent nuclear fuel now resting in cooling pools at all 64 power plants across the country. Choking off the water that cools these pools could trigger a radioactive fire that some scientists believe could cause as much death and disease as a reactor meltdown. The panel of the N.A.S., which is private but has a mandate to advise the Federal Government on scientific matters, said it couldn't determine whether the plants and their spent...
...Also admirable is the President's sudden infatuation with soybeans and their potential as a source of biodiesel fuel. He mentioned this twice last week-at the Blair press conference and as an aside in the Social Security speech. It is possible that Bush's belated interest in alternative fuels is a ploy to misguide the public into thinking that his proposed energy bill is something more than a tax-incentive gravy train for the oil and coal industries (after all, the New York Times reported last week that the Administration has allowed a former oil- industry lobbyist to "edit...