Word: petroleum
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...Kevin Davie, 40, editor of Business Times, Sunday Times, Johannesburg, South Africa. He expects to focus on policy issues in public finance, trade and industry, petroleum economics, labor markets, agriculture, development finance and rural development...
Large corporations roam Washington these days like grazing beasts--not good, not evil, just hungry. They form green-sounding lobbying groups and contribute millions to lawmakers. Something called the "National Wetlands Coalition" raised $7.8 million from British Petroleum, Georgia Pacific, Kerr-McGee and Occidental. The "Clean Water Industry Coalition" raised $15.8 million from Caterpillar, Dow, Du Pont and Union Carbide. Al Meyerhoff, of the Natural Resources Defense Council, says, "Industry lobbyists are writing laws and legislative history. They're doing everything but voting, but maybe that's next...
Imports accounted for 50.4% of petroleum use in the U.S. last year, according to the American Petroleum Institute. This marks the first time that consumption of foreign oil has exceeded that of domestically produced oil. Imports reached 8.9 million bbl. per day, eclipsing by 109,000 bbl. per day the previous import record, set in 1977. Lobbyists are expected to use the statistics to pressure Congress to allow oil drilling in the Arctic National Wildlife Refuge in Alaska...
...Commerce's health subcommittee. And at a postelection barbecue at a German beer garden in Austin, oil and gas producers were drooling in their steins at the prospect of Texas Representative Bill Archer's taking charge of the Ways and Means Committee, which writes tax laws for the petroleum industry. Barry Williamson, a Texas Republican official at the barbeque, exulted that since last Tuesday, "the air smells sweeter and the sky is bluer...
Local villagers interviewed by TIME said they have suffered for years from the effects of petroleum pollution. "The river used to have lots of fish," said Vyacheslava Topova, who lives in Kolva, a river town in the region. "Now there are hardly any fish at all, and when we cook them, they smell bad. People here survive, but they are really worried about the future." This spill may be cleaned up by spring, as Bibikov insists. But unless Russia overhauls its aging, corroding pipelines, they will keep springing leaks and spoiling the landscape...