Word: petroleum
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Houston American Petroleum Institute...
Around the same time, other researchers began examining maps drawn up by petroleum geologists. Thrust faults, and the folds they form, are excellent traps for gas and oil, and many such subterranean spots have been found in the Los Angeles region. But were these structures still active? In recent years, nature has provided an unequivocal answer. Since 1987, when the Whittier Narrows earthquake caused eight deaths and $350 million in property damage, about half a dozen quakes of significant size have rattled along thrust faults beneath greater Los Angeles. All this activity, many scientists speculate, may . be a symptom that...
More important, oil prices suddenly slumped as low as $15.31 per bbl., down from a March high just over $21 and the lowest in 3 1/2 years. The immediate reason was that the 12-nation Organization of Petroleum Exporting Countries, meeting in Vienna just before Thanksgiving, could not agree on a plan to cut production. Output from non-OPEC sources is rising too, and there is a possibility that United Nations sanctions against Iraq will be eased, allowing some Iraqi oil to flow abroad again. All that adds to a heavy surplus of supply over demand...
...Crude petroleum $4.3 billion 0.5% 10 years...
...Protection Agency could hold any single toxic dumper responsible for a mess created by several -- and retroactively at that. If no one could be found to pay, then the site would be deemed an "orphan" and cleaned up by Superfund's own resources, gathered largely from taxes on the petroleum and chemical industries...