Word: oil
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...head of Brazil's Workers Party and supposedly the Castros' leftist soulmate - is perhaps Latin America's most acclaimed capitalist leader. Capitalism's excesses get deservedly excoriated for causing today's global catastrophe. But even Venezuela, which helps prop up Cuba's economy with cut-rate oil, has made it clear in recent elections that it's not the socialist hotbed that its left-wing President Hugo Chávez dreams of. Yes, the hypocritical drill among Latin leaders is that they censure Washington publicly but Havana privately. Still, most of them believe Cuba is as out of step with...
...Like Obama, Vilsack promotes support for biofuels such as ethanol as critical to reducing U.S. dependence on foreign oil and combating climate change, through others criticize such subsidies as sops to states like Vilsack's Iowa, where ethanol is a key source of revenue.At the announcement last week, Vilsack said he would also prioritize rural growth, a particularly salient issue in the current economic climate...
...alternative universe - one that might be envisioned by Al Gore. That's because Kuzumaki (population 8,000) has over the past decade transformed itself into a living laboratory for the development of sustainable and diversified energy sources. "When I was growing up, all we had [to generate power] was oil," says Kazunori Fukasawaguchi, a Kuzumaki native who now serves in local government. "I never imagined this kind of change." (Read TIME's Top 10 Green Ideas...
...That future may be years away. With oil prices falling by nearly 75% over the past five months, sustainable energy is becoming less competitive economically and projects are being delayed or shelved worldwide. Besides, Kuzumaki's energy infrastructure would be difficult if not impossible to duplicate elsewhere, especially on a large scale. Investment in the town's projects - paid for by local tax revenues, private investors and the prefectural and central governments - totals $50 million. That's about $6,000 per resident, an amount that would pay the electricity bill for an average Tokyo family of four for more than...
...Tokyo as a young man he didn't bother telling people where he was from because no one knew of Kuzumaki. It's different now, he says; the town is familiar to Japanese throughout the country. Whether it is ultimately recognized as a beacon pointing the way toward an oil-free energy future, or as a well-intentioned but ultimately misguided experiment, only time - and perhaps oil prices - can determine...