Word: petroleum
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...noted that coffee is the world’s second-most traded commodity by value, next to petroleum...
...going through Russia. But there was a hitch: oil companies weren't terribly interested. With prices and demand still growing and U.S.-Russia relations improved, Cambridge Energy Research analyst Laurent Ruseckas says, commercial factors are now driving the $3 billion project. (It began construction last week, sponsored by British Petroleum, Norway's Statoil and others.) While there is still some Russian annoyance at the plan - and heightened tensions with Georgia over Chechen separatists - Ruseckas notes that "the Russians now understand that this is just a pipeline." In fact, the biggest impact today won't be on a superpower...
Skeptics may recall the burst of enthusiasm for conservation and renewable power when oil prices quadrupled in the 1970s. State-funded energy research and development surged, while tax incentives boosted solar, wind and other alternatives to petroleum and the atom. But once oil supplies loosened and prices dropped, governments lost interest. In the U.S., rules requiring more fuel-efficient cars were rolled back. In California, subsidies evaporated, pushing wind companies into bankruptcy. "It is a moral disgrace that we have done so little to reduce our dependence on imported oil and oil generally," says Reid Detchon, a former U.S. Energy...
Samantha's mother Erin, an analyst with British Petroleum in Long Beach, Calif., had moved to the Smoketree complex of $200,000 condominiums because it seemed safe. Even after the abduction, her neighbors wanted the world to know just how convivial a place it can be. "The garage doors open, and people socialize," says Mike Pace, who lives two doors down from the Runnions in Stanton. "We use that as the patio." But when cops arrested 6-ft., 200-lb. Alejandro Avila, 27, for Samantha's rape and murder, residents had to reckon not only with the casual intrusion...
WHAT BUSH AND CHENEY DID While BUSH was on Harken Energy's board of directors and a member of its audit committee, the company hid losses by selling a subsidiary to itself. Harken officers bought Aloha Petroleum with a loan from the company. Harken labeled the sale a $7.9 million profit, shrinking its losses to just $3.3 million for the year. The SEC forced the company to restate its losses to $12.6 million...