Word: petroleum
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Dates: during 2000-2009
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...more significant provisions: the removal of enormous subsidies given to the oil companies in 2005 and the redistribution of this revenue to extend tax credits for renewable energy firms. There is no doubt that the United States is facing major problems in the energy sector, especially the supply of petroleum products for the transportation sector. Since 2003, the price of oil futures contracts on the New York Mercantile Exchange (NYMEX)–the largest coordinated global market for futures trading in commodities–has more than tripled. This major increase in fuel costs has had a seriously detrimental...
...Solartaxi idea was born when Palmer first heard of global warming and the petroleum crisis as a 14-year-old. He dreamt of finding a way to travel and “enjoy the beauty of the world without polluting...
...point. The issue is an electoral winner for Republicans. Between March and June, around the time when gas settled above $4 per gallon, the American electorate shifted from its long-standing 50-50 split between those who want more energy conservation and those who want more petroleum extraction. A Gallup poll in May found the split at 57%-41% in favor of offshore and wilderness drilling. A mid-June Pew poll found a 12-point swing since February in favor of expanded exploration and extraction, and a 60%-34% gap in favor of prioritizing developing energy sources over protecting...
...least one built-in advantage: The electrical grid already exists. Other auto alternatives, like hydrogen fuel cells, would require the development of an expensive new infrastructure to deliver the gas to fueling stations around the country. But to make plug-ins a truly viable alternative - one that could kill petroleum - we will need to make changes to the way we supply and use electricity, both small and large. "Electricity is everywhere and it is extremely low cost," says Mark Duvall, program manager for electric transport at the Electric Power Research Institute. "But we have to take into account the ways...
...Timmons is the chairman emeritus of Timmons and Company, a small but influential lobbying firm he founded in 1975 shortly after leaving the White House. According to Senate records, he registered to lobby in 2008 for a wide range of companies and trade groups, including the American Petroleum Institute, the American Medical Association, Chrysler, Freddie Mac, Visa USA and Anheuser-Busch...