Word: petroleum
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...President visited the service station to discuss a number of largely ineffectual remedies for pulling down prices, some of which Rove had previously discussed in the staff chiefs' meeting. Bush suspended additional deliveries to the Strategic Petroleum Reserve to divert that crude to the market. He called for more tax incentives for hybrid cars, fewer environmental hurdles for refinery builders, drilling wells in the Arctic and congressional authority to raise mileage requirements on cars. Senate majority leader Bill Frist, who earlier in the week had advised voters to drive slower and get a tune-up, was fronting a Republican proposal...
...dependent industries that had been absorbing higher costs are also beginning to suffer. Consider the chemical industry, which needs petroleum as a feedstock, or raw material, for such products as polyvinyl chloride (for plastic pipe) and polyethylene terephthalate (for soda bottles). "You see the biggest impact across the board in plastics," says Morningstar analyst Sumit Desai. Back in 2003, hydrocarbon feedstocks and energy accounted for 36% of Dow Chemical's total costs. Last year they ate up 47% of total costs, yet the company still managed an earnings increase. But Dow reported this week that first-quarter net income fell...
That's good news too for oil workers, petroleum engineers and geologists, as even fields once thought tapped out are getting attention. Sites like oilfieldworkers. com are touting jobs for $100 a day, with no experience needed. Is gushing oil too icky for you? Hate living in camps outdoors? Oil companies are looking for cooks and medics too, say the ads. At oilfield jobs ok.com the come-on is for 700 jobs in Oklahoma, paying $20,000 to $60,000, with benefits, flex hours and job training. "Great opportunities for hardworking guys like you!" says...
...Saudi Arabia, which is America’s largest oil supplier and a key strategic partner in the war on terror. Mr. Oberwetter had never set foot in the desert kingdom before he became Ambassador two years ago. His resume boasts a stint as chairman of the American Petroleum Institute, which lobbies on behalf of over 400 oil and gas interests in Washington D.C., and work lobbying for the Dallas Chamber of Commerce, but no knowledge of Arabic. More importantly perhaps, his former employer, Hunt Consolidated Oil, gave $250,000 to Bush’s reelection campaign. Mr. Oberwetter...
Answer: All these items contain some petroleum-derived ingredients...