Word: oiled
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...falling gas prices going to hurt interest in electric cars? I don't think so. I don't think that anybody thinks this [low gas prices] is going to last. Today we are in a recession, so oil prices are going to go down. We have to imagine the future when we make investments. You also have an environmental concern that is independent of oil price concerns...
Fifty years from now, will we stop using oil altogether? You'll still have the gasoline engine as well as electric. Oil is a very rich and important resource, but we are wasting it by using it in ways where you can have cheaper substitutes or substitutes that are more respectful of the environment. The correction is happening now. Where you can substitute oil with something much more environmentally friendly, it is going to have to happen. You are going to have more nuclear, solar and hydroelectric power being used...
Ontario, the industrial heartland of Canada and the home of Detroit North [its Detroit-allied auto industry], used to be considered the nation's growth engine. Now, it's become a have-not province eligible for federal transfer payments - money in part underwritten by oil-rich Newfoundland. It's an irony not lost on most Canadians, since Newfoundland has carried the mantle of neediness since joining confederation 59 years...
...Sunnis, who ruled dominated Iraq under Saddam Hussein, are also hostile, having already had to confront the unpalatable prospect of the country's northern oil fields falling under the control of the Kurdish region. "This will create many problems over water rights, the delineation of borders, oil fields, mineral resources, this all needs to be considered," says Hashem al-Ta'ie, head of parliament's regional and provincial committee and a member of the largest Sunni parliamentary bloc. "Look at the problems between the Kurdistan Regional Government and the central government...
...Kurds have signed contracts with foreign oil companies to exploit oil fields in their region, contracts that Baghdad's Oil Ministry says are illegal. In his comments last week, Prime Minister al-Maliki made it clear that the central government must have full responsibility over security, sovereignty and "other issues". "If there is no clear vision of the political system and sovereignty, we will turn into real governments fighting each other," he said...