Word: oil
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Americans like to say, 'This ain't rocket science.' The Russians have oil and gas - tons of it - and we need it. We need it now. We'll need it tomorrow. And we'll still need it decades from now. But we still can't get a deal done with Moscow. Not on oil and gas. We've talked and talked and talked - and issued to the international press a string of optimistic sounding half-truths for the last four years - but we still don't have much to show...
...while we've settled some border disputes over the past couple of years, and we continue to buy their weaponry, there is one thing that would demonstrate to everyone looking that our relations had truly entered a new era, where trust finally supplants suspicion. They need to sell us oil and gas - lots and lots of it - at a reasonable price...
Facing record gas prices, President Bush reluctantly signed a bill to halt the deposit of 70,000 barrels of oil per day into the Strategic Petroleum Reserve, a two-month buffer of crude last tapped to offset disruptions caused by Hurricane Katrina. The amount of extra oil is relatively tiny--the world produces close to 75 million bbl. per day--meaning the move will have little impact on prices. Still, the measure sailed through Congress with overwhelming support...
...earlier version of this story incorrectly put the number of available barrels of oil in the strategic oil reserve at 703 billion...
After attending the National Taiwan University, he attended the New York University School of Law and then Harvard Law School. At Harvard Law School, he wrote his dissertation on the problem of extracting oil from the East China Sea and was involved with the Environmental Law Review...