Word: petroleum
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...discredit the half-century of evidence climatologists have accumulated suggesting that human industrial pollution is quickly warming the earth. And, even better, since the study calls for more time-consuming and expensive research before we can make any claims about global temperature change, it gives Bush and the American Petroleum Institute a nice tool to delay any progress on fighting global warming. Bush officials in the Environmental Protection Agency advocated a deeper look into the science of climate change as a preliminary to policymaking, which most of us north of the Mason-Dixon line know is strictly a stalling technique...
BLACK GOLD Oil was discovered in Saudi Arabia in the mid-1930s. Today, petroleum accounts for 75% of the kingdom's revenue, 45% of its GDP and 90% of its export earnings...
Approximately 5 percent of the study’s funding—about $53,000 in all—came from the American Petroleum Institute, the gas and oil industry’s main trade organization...
Proponents of the policy hope that it will boost energy independence, but not everyone thinks that's a good idea. Because so much of the American gross domestic product is involved in the coal, petroleum and nuclear industries, walking away from them would set off severe economic shock waves. "The grid is a $360 billion asset," says Clark Gellings, a vice president of the nonprofit Electric Power Research Institute. "It's literally a national treasure." Gellings believes that decentralization will play some role in the energy industry of the future, but he thinks it will always be a minority player...
...condition for accession negotiations to begin. "If you are going to fight corruption, you have to deal with the Uzans," claims Radikal columnist Berkan. Bizarrely, state-owned companies continue to go Uzan's way. In June the family won yet another privatization bid, this one for the petroleum company Petkim, though it's unclear how it will come up with the down-payment by August's deadline. Yet no one denies that Uzan's far-right nationalist Youth Party is a political threat. Support has risen in internal polls from 7% to 17% in the past eight months. A minimum...