Word: petroleum
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...GOES PETROLEUM...
...barrels, a strikingly conservative and low-end estimate. Even according to those statistics, however, ANWR would still be the second largest field ever discovered in the United States, second only to Prudhoe Bay. (Prudhoe Bay, though, is hardly a polluted oil field because the North Slope’s petroleum industry is the cleanest, most technologically advanced and most heavily regulated in the world...
What makes the burden on cities lighter is a sudden burst of environmental awareness from a surprising source: industry. In recent years, more and more multinationals have been turning unexpectedly green, and one example is British Petroleum. Shortly after Kyoto was signed, BP CEO Sir John Browne set his company's goal of cutting CO2 output 10% below its 1990 levels; four years later, he is halfway there. BP has achieved this in part by reducing the amount of greenhouse emissions that flare away in oil fields and refineries. The company is also looking into cutting carbon content in fuel...
...Crimson is right that we are not “clutching to our last barrel of oil.” But, on March 6th, oil prices rose over 1 percent on the heels of reports from the American Petroleum Institute that American oil supplies are at their lowest level since January 1974. Opening a small portion of the ANWR to oil drilling will give the government an influx of revenue in the short term and a substantial amount of oil in the long term, both of which will help the U.S. decrease our dependence on foreign oil and formulate...
...Petrobras rig, which threatened to sink about 200 km north of Rio de Janeiro. The accident was expected to delay Brazil's plan to achieve energy self-sufficiency by 2005. The wells from the 40-story-high platform pumped 80,000 barrels a day, about 5% of Brazil's petroleum production. The rig, the pride of Brazil's petroleum industry, was listing at 30 degrees after the explosion. If it sinks, it could release 1.5 million liters of diesel and oil into the South Atlantic...