Word: petroleum
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What's going on? The two orders offered tantalizing clues. There are only a few places in the world where minesweepers top the list of U.S. naval requirements. And every sailor, petroleum engineer and hedge-fund manager knows the name of the most important: the Strait of Hormuz, the 20-mile-wide bottleneck in the Persian Gulf through which roughly 40% of the world's oil needs to pass each day. Coupled with the CNO's request for a blockade review, a deployment of minesweepers to the west coast of Iran would seem to suggest that a much discussed...
...dither. Amid the diplomatic flurry, and as evidence emerged of a new government offensive in Darfur - Human Rights Watch says government planes indiscriminately bombed civilian-occupied villages in rebel-held areas last week - one powerful voice was noticeably silent: China's. Khartoum and Beijing are close. The China National Petroleum Corp. owns 40 percent - the largest single share - of the consortium that pumps some 330,000 barrels of oil a day from Sudan's oil fields. Beijing has blocked the threat of U.N. sanctions against Sudan's regime and protects it in other ways. But with the bodies piling...
...most vociferous opponents, oil and natural gas refineries, say there is no mechanism that allows them to "scrub" CO2 emissions. "We don't have any idea what costs will be involved because we don't know what the technology will be," says Tupper Hull of the Western States Petroleum Association. The emissions caps would require a 17 percent reduction in the state's refining capacity, he says, "a catastrophic loss of fuel supplies that could be very painful for consumers...
What's an oil company's return on investment for fighting malaria? A lot higher than you'd think. Outside the Middle East, many of the world's reserves of petroleum and natural gas are located in Central and Western Africa, where malaria takes a particularly horrific toll. By the most conservative estimates, the mosquito-borne disease kills 1 million people in Africa each year--most of them children--and it hurts businesses by sapping the energy of hundreds of millions of adults...
...broadly collaborative approach is working elsewhere in Africa as well. BHP Billiton (2005 revenues: $32 billion), an international petroleum and mining company, joined a similar partnership of businesses, charities and government organizations to decrease malaria rates in southern Mozambique, where the conglomerate has an aluminum smelter...