Word: oiling
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...main culprit behind backed-up inventory at U.S. car dealers, another is that American automakers have failed to produce the more fuel-efficient vehicles that gas-price-conscious car buyers are beginning to demand. As a result, the U.S. still sends hundreds of billions of dollars overseas for oil - and adds ever more greenhouse-gas pollution into the atmosphere...
...mining company Chinalco has tabled a $19.5 billion bid for British-Australian resources giant Rio Tinto. Beijing has launched a fund to buy distressed assets worldwide, inked a deal with Brazil's Petrobras and provided Russia with a $25 billion loan in exchange for a secure future stream of oil and gas. (Overall, Chinese enterprises are on track to invest double the amount abroad this year than in 2008.) And compared to the past, when Western stockholders expressed concerns about selling assets to China, today companies are just glad for the cash. China's Export-Import Bank, for instance...
...Arab League defends its stance by alleging that the ICC is politicized and that indicting Bashir is a cheap shot at destabilizing Sudan and grabbing its resources, particularly oil. Such a claim, free of substantial evidence to back it, seems to be taken from a James Bond movie and appears to be little more than conspiracy theory. Nor is it consistent with the Arab League’s recent decisions—when Lebanon demanded an international investigation and tribunal for the assassination of former Lebanese Prime Minister Rafik Hariri earlier last month, Arab leaders welcomed the beginning...
...this country," in the words of one organizer; critics accused them of "crashing" the event. The Obamas specifically welcomed gay families this year, distributing tickets directly to gay rights organizations. Another innovation of the Obamas: this year's souvenir egg is designed to be environmentally friendly, using vegetable oil-based ink and wood from "sustainably managed forests...
...children join in hurling bucket loads over each other. Piet Klop, an investigator at the Washington-based environmental think tank World Resources Institute, says that people will not learn to ration water unless it hits their pockets. "We need to understand that it is a more valuable commodity than oil and prices must reflect that better," Klop says. "Cheap subsidized water is not helping people. It is giving them a bad service." However, radically hiking the prices of any basic commodity would be a tough sell for any politician, especially in a turbulent democracy such as Mexico...