Word: oil
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...Wednesday morning, March 31, Obama - flanked by his cowboy-hat-wearing Secretary of the Interior, Ken Salazar - announced support for the potential expansion of offshore oil and gas drilling in America. His proposal would open parts of the Atlantic coast, the eastern Gulf of Mexico and parts of the north shore of Alaska to exploration. But it would keep drilling out of Alaska's Bristol Bay, a fertile fishing ground that generates nearly $2 billion worth of seafood each year. (See the top 10 green ideas...
...juxtaposition of deliberately symbolic and more instinctive, visceral works lends dynamic heterogeneity to the exhibition. In addition, Escobedo uses a diverse range of media, from pen and ink drawings to acrylic and oil paintings on expansive canvases...
...capital, Rabat, that his glider had crashed into five days before. The 41-year-old was the half-brother of Sheik Khalifa bin Zayed al-Nahayan, President of the United Arab Emirates and ruler of Abu Dhabi, the most influential - and with some 8% of the world's proven oil reserves - the wealthiest of the seven states that comprise the U.A.E...
...senior member of the ruling al-Nahayan clan, and since 1997 was charged with overseeing the day-to-day runnings of the Abu Dhabi Investment Authority (ADIA). The fund has stakes in companies including Citigroup, the Hyatt Hotels and Britain's Gatwick airport. Engorged with Abu Dhabi's substantial oil surpluses, ADIA's assets are estimated at between $300 billion and $800 billion. It was Abu Dhabi's wealth that helped bail out sister city-state Dubai when it ran short of funds to complete the world's tallest building - which was then renamed the Burj Khalifa after the President...
...ADIA's managing director, Sheik Ahmed, who was the son of Sheika Mouza, another wife of Sheikh Zayed, held one of the few pillars of the oil-soaked emirate's economy not dominated by the powerful crown prince and his full brothers. Christopher M. Davidson, senior lecturer at Durham University and author of Abu Dhabi: Oil and Beyond, says that with Sheik Ahmed out of the picture, the crown prince and his brothers are likely to move on ADIA. "Then they will control virtually all of Abu Dhabi's economy," he says...