Word: petroleum
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Dates: during 2000-2009
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...bulk of Canada's new energy will get pushed through an expanded pipeline network straight to waiting U.S. upgrading plants and refineries, a majority of which are located in such Midwestern states as Minnesota, North Dakota and Ohio. Shell, Chevron, British Petroleum and Total S.A. of France, along with about 20 smaller but no less ambitious players, are also transforming Alberta's boreal oil patch into the primary supplier of feedstock for an integrated North American energy market. "Canada is extremely important to U.S. energy security," says Rob Routs, executive director of oil sands at Netherlands-based Royal Dutch Shell...
Worried about the high cost of filling up? President Bush is on the case. Last Friday he arrived in Riyadh to urge King Abdullah, the leader of the world's largest petroleum producer, Saudi Arabia, to put more oil on the market...
...tanker ship from Marseilles will pull into a specially equipped dock in Barcelona's busy port, connect to a new pipeline, and discharge a liquid cargo essential to the running of the city. The ship will not, however, be carrying oil or petroleum. It is the first of many shipments of drinking water that form part of a program to slake the thirst of this drought-plagued city. Other proposals, such as a controversial plan to divert water from the Ebro river, have pitted the Catalan capital against farmers and other cities, in a mild foretaste of the water-wars...
...worries make sense. In nations like Angola and Chad, Chinese aid has allowed venal governments to ignore multinational donors seeking conditions to ensure that governments buy bread, not BMWs. In a world where easily recoverable oil is dwindling and the price has hit record highs, competition for untapped offshore petroleum in West Africa could spark conflict, with Chinese and Western firms jockeying to build new infrastructure, control ports and woo political leaders. Through its training programs for African technocrats, many of whom return from China amazed, Beijing could indeed promote its authoritarian development model to a continent where democracy still...
...terrorism-supporting countries. Northern Trust, a huge fund manager that caters to both individuals and institutions, will soon roll out investment products based on that index. A source familiar with the naughty list says both ABB, a Swiss engineering giant that does business in Iran, and the China National Petroleum Corp., which operates in Sudan, are included...