Word: petroleum
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Dates: during 2000-2009
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...RESIGNED. MA FUCAI, 57, as president of China National Petroleum Corp., the country's largest oil-and-gas producer; after assuming personal responsibility for a gas blast in Chongqing last December; in Beijing. The explosion, which released a toxic cloud of hydrogen sulfide that killed 243 people and forced the evacuation of 60,000 villagers, was blamed on insufficient use of drilling fluids and on the removal of crucial safety equipment. Ma, whose rank in the Chinese bureaucracy was equivalent to a minister in the central government, offered to quit several times before his resignation was accepted by the State...
...Political considerations notwithstanding, there are compelling economic rationales for Asian militaries to stay in Iraq. Japan imports more than 85% of its oil from the Middle East and is counting on preferential oil contracts as Iraq's petroleum industry gets back on its feet. Last year Mitsubishi signed a deal to procure 40,000 barrels of crude per day from the southern city of Basra. In South Korea, top firms like Hyundai Construction and LG Electronics are hoping to reap rewards in Iraq. Hyundai has already won two contracts worth $240 million to build a hospital and repair dams...
...banking and brokerage. We are in the early stage of an up cycle, and business is taking off. We own Citigroup, Goldman, Sachs and Morgan Stanley. The other major theme we have is to own the companies that supply emerging markets, and that means both energy and agriculture. British Petroleum has a 4% yield. It has a big interest in a major oil company in Russia that is well positioned to supply China directly. The play in U.S. agriculture is in the early stage. The classic big-cap player is Deere. As a result of drought and stronger demand, carry...
This American-made fuel is extremely versatile and can be used in its pure form (B100) or mixed with petroleum diesel...
...electrons outside their cell walls without needing to convert them to water, as human cells do. Geobacter needs only an outside compound--usually iron oxide, or rust--to accept the excess electrons. Lovley discovered how to coax Geobacter into not only dumping electrons onto uranium waste but also consuming petroleum by-products. Geobacter has already effectively decontaminated a uranium mine in Colorado and an oil spill in Minnesota...