Word: projects
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Dates: during 2000-2009
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...sign that the season for hard decisions has arrived. Obama continues to project an air of confidence about the most audacious undertaking of his presidency. "For those naysayers and cynics who think that this is not going to happen," he said on July 13, "don't bet against us." The next hurdle is to get a bill through the House and Senate by the time Congress adjourns for its August break. White House officials concede that missing that deadline could throw the entire exercise off track, because it would give opponents a month to undermine it. Says...
...that it had China's agreement to invest about $40 billion in refining Iranian gasoline. The deal would include financing the major new Hormoz refinery in southern Iran, which will be able to produce about 300,000 bbl. of gasoline and kerosene a day once the four-year construction project is completed. China would also overhaul Iran's aging Abadan refinery in the south so that its production could increase by 29%, according to Iranian oil officials, who provided no deadline for that project. (See pictures of the plainclothes terror of the Basij militia...
...Shai Agassi, of A Better Place, and Tom Casten, of Recycled Energy Development. What's been holding back other people with big ideas about energy efficiency? Breaking through in a big way with an idea revolving around alternative energy or efficiency is hard because, in most cases, these projects don't assume to be profitable for years. Agassi has found success because he was already a giant in the world of software. Coming up with $100 million for an electric car project would be a nearly impossible task for anybody without the clout of Agassi. It's interesting to watch...
Distancing the agency from a project with Cheney's fingerprints was politically astute. "As a good politician, Panetta probably knew that [Cheney's involvement] was precisely the reason we should get nervous about it," says Paul Pillar, a former deputy director of the CIA's Counterterrorist Center...
...Funding is another issue. The European Commission has promised $350 million from the E.U.'s $7 billion economic-stimulus fund to jump-start the project, and the European Investment Bank has said it is prepared to finance up to a quarter of the pipeline's cost, about $3 billion. But with other private and public sources hesitating to commit, Nabucco's future is still in doubt...