Word: oiling
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Once touted as an environmental and economic cure-all, corn ethanol has had a rough year. The collapse in grain and oil prices, preceded by overinvestment in refineries over the past few years, badly hurt ethanol producers. Meanwhile, environmentalists have steadily chipped away at ethanol's green credentials. Far from being better for the planet than gasoline, many scientists now argue that ethanol actually has a sizable carbon footprint, because when farmers in the U.S. use their land to grow corn for fuel rather than food, farmers in the developing world end up cutting down more forests to pick...
...case of deficits, she was attacked by fellow Republicans. "I don't know when willy-nilly tax cuts became the essence of who we are," she says. "To the average American who's struggling, we're in some other stratosphere. We're the party of Big Business and Big Oil and the rich." In the Bush era, the party routinely sided with corporate lobbyists - promoting tax breaks, subsidies and earmarks for well-wired industries - against ordinary taxpayers as well as basic principles of fiscal restraint. South Carolina Senator Jim DeMint's Republican alternative to the stimulus included tax cuts skewed...
...environment, it didn't require any of the the trade-offs being discussed to pass the "cap and trade" measure at the center of the House global warming bill. Introduced April 1, the measure would require all sources of warming gases - produced by the burning of coal, oil and natural gas - to cap their emissions at 20% of 2005 levels by 2020. If they exceed their limits, polluters can buy credits from cleaner sources...
...With oil refineries targeted as the point of control for vehicular sources of warming gases, Texans are fighting for the same concessions as other energy-intensive industries. A proposal that renewable resources account for 25% of electricity by 2025 has upset Southerners, who lack the solar and geothermal energy of other regions. They are seeking credit for nuclear and hydroelectric power more plentiful in their part of the country...
...cultivated in the security and intelligence services. But his electoral power base remains rooted in the Shi'ite majority, and he has largely declined to implement the U.S. benchmarks for national reconciliation deemed essential for ending the civil war by strengthening the Sunni political stake in Baghdad. The oil law governing distribution of revenues has not been passed, nor have restrictions been significantly eased on former members of Saddam Hussein's Ba'athist organization (the party remains popular among Sunnis) serving in government. Most alarming, perhaps, has been Maliki's departure from the U.S. strategy of putting former Sunni insurgents...