Word: petroleum
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...Abdullah began shaking the Kingdom out of its petroleum hangover by declaring in 1998 that the "boom is over and will not return - all of us must get used to a different lifestyle." As an alternative to the easy oil riches, Abdullah has spearheaded the most significant attempt at economic restructuring in the Kingdom's history, opening negotiations with American and other Western energy powers on a $100 billion foreign investment project to develop natural gas and build related electricity and desalination plants. Still, oil accounts for around 70% of the country's revenues...
...after the White House's Dec. 3 public warning of possible new terrorist strikes. On Dec. 6, Cheney traveled to Dallas to address 1,200 people at a dinner for majority leader Dick Armey's special-election fund. The following day the Vice President arrived at Oklahoma City's Petroleum Club for a $1,000-a-person fund raiser for House GOP conference chairman J.C. Watts. Cheney also attended a fund raiser for Senate GOP leader Trent Lott's leadership fund. That reception at the Willard Hotel, an ornate Washington landmark, was packed with lobbyists. Cheney spokeswoman Jennifer Millerwise said...
South Africa's national electricity supplier, eskom, and its petroleum producer SASOL are both providing Zimbabwe with services for which the Mugabe government has no foreign exchange to pay. Zimbabwe depends on South Africa for most of its technical support and consumer goods and, with its agricultural sector seriously damaged by the land invasions, it is now looking to its southern neighbor for staple food supplies. Just as the isolated, white-minority government of Rhodesia once depended for its survival on apartheid-era South Africa, now beleaguered Zimbabwe considers President Mbeki's South Africa to be its lifeline...
...British Petroleum and HQ Global Workplaces are among the companies interested in a $30,000 system developed by the Dallas-based company Teleportec. That system allows video of a participant to be reflected onto a transparent screen to simulate a 3-D image that makes it seem as if the person is in the room. It's an optical illusion, says vice president Philip Barnett, but many who see the images forget that. He still chuckles at the memory of the executive who tried to hand a document to the colleague who was being "teleported...
...JOHN BROWNE Energy executives and environmentalists were like oil and water until Browne, 53, changed the rules of engagement in a 1997 speech announcing a greener direction for BRITISH PETROLEUM. BP now limits its greenhouse-gas emissions and has invested $1 billion in solar-energy technology, becoming the world's largest photovoltaic manufacturer. At the same time, he has taken BP from near obscurity to the world's No. 3 oil company, buying competitors like Amoco and inspiring other execs to copy his formula for blending environmentalism and strong earnings...