Word: multibillion
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...than 1 million bbl. a day from the reserve for the next two to three decades, lobbyists claim, the nation could cut back on imports equivalent to all shipments to the U.S. from Saudi Arabia, the world's largest producer. Sounds good. An oil boom would also mean a multibillion-dollar windfall in tax revenues, royalties and leasing fees for Alaska and the Federal Government. Best of all, proponents of drilling say, damage to the environment would be minimal. "We've never had a documented case of an oil rig chasing caribou out onto the pack ice," says Alaska State...
...comes from patients themselves," Rosenthal says. "Over the past two decades, there has been an increase in people using these methods for their wellbeing. The current estimate is that this is a multibillion dollar industry...
...missile defense principle being pursued by Washington. Officials around Rumsfeld saw "consultation" as being just what their boss had done in Europe - particularly his offer to help the Europeans build missile shields of their own. But Europe showed little interest in buying into an at-this-point-hypothetical multibillion dollar system designed to counter a threat they don?t take nearly as seriously as the current administration in Washington. Europe's primary concern is to restrain the U.S. from an initiative that could restart the arms race with the Russians...
...preemptive strike anyway, just to be on the safe side. "A system of defense need not be perfect, but the American people must not be left completely defenseless," he said. Think about that one for a moment: Allowing for any margin of error in the functioning of a multibillion dollar system designed to stop the odd missile fired by a rogue state renders it pointless. It's rather like applying the "need not be perfect" standard to a condom...
...practice, of course, it has been a whole lot messier. The nation's old, Balkanized transmission grid isn't built to handle so much long-distance traffic. And freshly liberated markets won't necessarily attract new suppliers because the cost of entry--a multibillion-dollar power plant--is high. So real competition is, by and large, harder to find. "If deregulation is a good idea, and it still may be, it needs to be implemented when you have the infrastructure in place," says James Bernstein, commerce commissioner of Minnesota, which still has a regulated electricity system and may have...