Word: mobility
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...when Mobil Travel Guide subtracted one of the five stars from the Bel-Air's rating in 1999, Lopes knew a face-lift to the "dated and tired" design was imperative. He would have to nip and tuck carefully to avoid rankling the hotel's faithful. "I had to update every facet, while preserving the classical elegance that is the Bel-Air's signature," he says...
...Grace Kelly, as well as Prince Charles, Oprah Winfrey and Julia Roberts. For many glitterati, the Bel-Air serves as a second home. "I've never managed a hotel where the clientele is so loyal, has such high standards, and feels so proprietary about it," Lopes says. So when Mobil Travel Guide subtracted one of the five stars from the Bel-Air's rating in 1999, Lopes knew a face-lift to the "dated and tired" design was imperative. He would have to nip and tuck carefully to avoid rankling the hotel's faithful. "I had to update every facet...
Conversely, many analysts argue that the best way to create new energy sources and encourage conservation is to raise gasoline prices, not lower them. Fadel Gheit, senior energy analyst with Oppenheimer & Co., defends Exxon Mobil while blasting politicians and consumers. "We're a bunch of crybabies. They pay the equivalent of $6 a gallon for gas in Germany," he says. But with elections looming and consumers fuming, the Republicans can't ignore what every TV news show is headlining the Pain at the Pump. The cost of gas may be high now, but for the Republicans by November, it could...
...nation's largest oil field, is in decline. Production has slumped from a daily average of 1.6 million bbl. in 1988 to just 425,000 bbl. in 2005. To extract whatever oil remains, BP, which operates the field for a consortium of petroleum companies that includes ConocoPhillips and Exxon Mobil, has been taking measures that may have unintentionally raised the risks. Drilling more wells to further develop Prudhoe just adds to the more than 1,700 miles of pipeline that already crisscross the North Slope, increasing the chance of leaks. And other techniques, such as injecting water into old wells...
...immediately and realistically cutting America’s “addiction to oil.” Possibilities include a gas tax, increased subsidies for hybrid vehicles, or penalties for gas-guzzling SUVs. With the right economic incentives, consumers would be happy to pull up to the 76 or Mobil station only every other month in 100-mile-per-gallon, plug-in hybrid cars. According to a 2004 report from the Congressional Budget Office, it is estimated that a gasoline tax of 46 cents a gallon, up from today’s federal tax of 18 cents, would reduce gasoline...