Word: petroleum
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...This was Lesson 1: Grow what you can grow. Don't overburden your soil with petroleum-based fertilizers so you can yield copious bushels of corn that will be factory-processed into syrup for soft drinks...
...word that British driller BP would shut down its field at Alaska's Prudhoe Bay because of corroded, leaky pipes. Immediately, analysts predicted a 3- to 5-cent spike in the price of gasoline, and a ripple effect that could push up prices on everything from airline tickets to petroleum products like plastics. Ten years ago, the markets would have hardly batted an eyelash at the loss of Prudhoe Bay, which accounts for less than 2% of daily U.S. oil consumption. But with production and refining not nearly keeping up with worldwide demand, these days every drop...
...booming economies of China and India are often credited with vacuuming up the world's oil, though American motorists are still high on any petroleum producer's list of best customers, with the run-up in pump prices hardly having made a dent in the summer driving season. As demand has surged, supply has not kept pace (hence higher prices), largely because not enough extra production and refining facilities have come online. That gap makes the market especially sensitive to any loss of supply, even the relatively modest 400,000 barrels a day that came from Prudhoe...
...Pickens, best known as the founder of BP Capital and Mesa Petroleum, admits horse slaughtering was not high on his agenda until his wife, Madeleine, who raises thoroughbred horses, got involved. "My wife is a great animal lover. I'm more passive. She's more aggressive," he says, with a laugh. Paula Bacon, the mayor of Kaufman, Texas - where one of the plants, Dallas Crown, is located - alerted them to the problem. "Paula Bacon told me the kill plant had $12 million in gross revenues and only pays $5 in taxes but it clogs the sewage system up." A court...
...troops left Lebanon in 2005. This is not to say that the Bush Administration caused last week's explosion, or even that meticulous diplomacy might have prevented it. But it couldn't have hurt. Instead, the U.S. and Iran may have become unwitting co-conspirators, pouring gas onto a petroleum fire-a dreadful twist that only a Persian could love...