Word: oiled
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...Volt may make a small dent in America's dependence on imported oil, but that's all. Since 70% of U.S. electricity is made by burning natural gas or coal in power stations, the car basically swaps one fossil fuel for another. And because it's carrying a 400-lb. (180-kg) dead-weight battery, it may even wind up using more fossil fuel and costing more to run than a normal car - with no compensating reduction in carbon dioxide emissions. Anton Ziolkowski, Edinburgh
...received a fresh supply of regular unleaded, the line began forming well before dawn. Thanks to Hurricanes Gustav and Ike, which crippled Gulf Coast refineries, drivers in the Southeast are creeping around town with their gas gauges on empty, searching for a pump that isn't dry. And while oil companies said supply would improve by Columbus Day, the long lines aren't the only thing giving us déjà vu. We've got an unpopular President in the White House, trouble with Iran and economists raising the specter of stagflation. Russia has invaded a neighboring country. The Yankees couldn...
...burly anchorage longshoreman named Scott Heyworth turned up in the nearby town of Wasilla for a meeting with its mayor, Sarah Palin. Heyworth, a local Democratic activist, had grown tired of waiting for the Big Three oil companies to tap their huge natural-gas reserves in the state's North Slope, the long swatch of northern Alaska tundra that includes the largest oil and gas fields in North America. For decades, ExxonMobil, ConocoPhillips and British Petroleum had little incentive to sell the trillions of cubic feet of natural gas that shares space beneath the ice with all those oil deposits...
...began Palin's unusual relationship with the oil and gas industry that dominates the state's economy. She says it is her experience in energy matters that best prepares her to be John McCain's Vice President. Indeed, she came out of nowhere to win the governorship by promising to get more out of the oil industry for Alaskans. But for many independent observers, this heady populism was more effective in getting her elected than it was in actually getting things done once she was governor. No initiative illustrates that better than the natural-gas pipeline project, which Palin pushed...
...difficult for Americans in the Lower 48 to fully grasp how much Alaskans benefit from their state's vast oil and gas deposits. Alaska is home to just over 20% of the nation's proven oil deposits and almost 18% of its natural-gas reserves. About 90% of the state's public revenue comes from oil and gas royalty receipts. Alaskans pay no state income or state sales tax. Instead, they receive an annual dividend from the state treasurer that comes directly from the oil industry. Over the past 25 years, the average Alaskan has received roughly $1,200 from...