Word: gas
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...Corduff is just back from The Hague, where he'd gone to the centennial AGM of the Anglo-Dutch oil giant Shell to berate the company over its plans to run a six-mile high-pressure gas pipeline through his neighborhood. The pipe would connect the massive Corrib gas field, 50 miles out to sea, to a 400-acre refinery being built in nearby Ballinaboy. When Shell's surveyors first showed up on his land in 2000, Corduff showed them the gate. By the time they returned in June 2005, armed with a compulsory purchase order, a court injunction...
Getting their hands on oil fields is the biggest issue. "They can see the opportunities," says veteran oil analyst Fadel Gheit of Oppenheimer & Co., "but they don't have access to them." Only 7% of the world's estimated oil and gas reserves are in countries that allow companies like ExxonMobil free rein, according to consulting firm PFC Energy. Fully 65% are in the hands of state-owned companies such as Saudi Aramco, and the rest are in the likes of Russia and Venezuela, where Western companies can get a foothold one day but lose it the next...
...other hand, there's John Dingell. Michigan's eternal Congressman, defender of Detroit's carbon-spewing gas hogs, would seem an unlikely cause for optimism. After all, his wife Deborah is a General Motors Foundation trustee, leading his critics to assert that Dingell is literally in bed with the auto industry...
...environmentalists cannot forget that his love for the outdoors is matched only by his love for heavy manufacturing. It was he who amended the Clean Air Act to guarantee that the U.S. auto industry must never be harmed by pollution regulations. And he has stoutly resisted increases in the gas-mileage requirements for sport-utility vehicles and minivans. "I've been looking after American manufacturing and American industry for years--it isn't just autos," Dingell acknowledged proudly. Besides, he added, neither he nor Detroit is to blame for the fact that overall mileage of the U.S. auto fleet hasn...
...Many places still have a beer menu that looks like a gas station," says Garrett Oliver, brewmaster at the Brooklyn Brewery and one of the country's leading beer experts. "But beer is becoming part of the culinary landscape. Even some of the French restaurants are starting to realize that they might want something more than Kronenbourg...