Word: petroleum
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...Defense Department briefing this spring for the nation's governors on potential future international conflicts, Montana Governor Brian Schweitzer was intrigued by one war scenario. In the hypothetical case, conflict with an oil-exporting nation interrupted U.S. petroleum supplies and forced reliance on alternative energy sources that have yet to exist. The official's message: Leaders should think about tomorrow's needs today. If mining states could make gasoline from abundant coal, for example, the military would buy every drop. "That piqued my interest," says Schweitzer, whose state may hold about a third of the United States' coal deposits...
...this makes El-Erian supremely qualified. Considering that financial managers can find similar jobs for higher pay and less visibility, the search committee must be congratulated for their excellent choice. It is also an appropriate one in light of HMC’s recent divestment from Petrochina, a Chinese Petroleum firm with projects in war-ravaged Sudan, where many have accused the government of genocide. Since knowledge of a region’s economy implies familiarity with its political situation as well, El-Erian can be trusted to have a more comprehensive understanding of where and to what end Harvard?...
Icahn, 69, hasn't mellowed a bit since his corporate-raider days in the 1980s, when he made millions of dollars buying stock and forcing asset sales, stock buybacks and special dividends by the likes of Texaco and Phillips Petroleum. In the '90s, with notable exceptions like RJR Nabisco (in which he bought a stake and pushed the company to break up), he operated more quietly, in beaten-down areas of the bond market. But now he's back on the big stage rattling major corporations--and loving...
...dismiss it as rocks for jocks. With oil companies desperately searching for new sources of crude and prices above $65 per bbl., now is a good time to know your limestone. Petroleum geologists study the earth's surface and subsurface to help predict the chances of striking oil. Over the past year, the average annual salary for a geologist with three to five years' experience has climbed 11%, to $75,600, reports executive- search firm MLA Resources. Across the board, salaries are up 8%. Also, demographics are driving demand; the average age of a petroleum geologist is 49. Bob Goldstein...
...plans to go back to the Gulf Coast again this week after spending his weekend on a rare two-night stay on the road to supervise the federal response to Rita. Congress will launch its investigation of the response to Katrina and take up such legislation as aid for petroleum refiners and Medicaid reimbursement for evacuees who have left their states...