Word: oiled
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...until the new team could review them. For the environment, that meant Obama was able to save the gray wolf from being removed from the Endangered Species Act and block a pair of new air-quality rules, including one that would prevent the regulation of greenhouse-gas emissions from oil refineries. (Read "High Hopes for Obama's Green Dream Team...
...Market sentiment during the last few Years of the Ox has, in fact, been more bearish than bovine. In 1997, Asia suffered a financial meltdown, while in 1973 the world was ravaged by oil shocks. Year of the Ox almanacs sold in Shanghai subways counsel patience and hard work in order to overcome 2009's potential market woes. Both virtues are considered attributes of those people born under its symbol. In fact, one of the leaders on whom the fate of the global financial system may well depend was born in a Year of the Ox: Barack Obama...
...Energy Index - a fund that tracks the stock performance of selected clean tech companies - is down more than 60% since its peak in November of 2007, slammed by the double blow of the loss of venture capital and the reduced urgency for energy alternatives as the price of oil has tumbled. Clean tech startups have already shed jobs, and weaker ones are certain to go under. "The financial crisis has hit us harder than anyone would have imagined," says Marcel Brenninkmeijer, the chairman of Good Energies, a global clean tech investment fund. "We just can't get financing...
...sunny as the weather. That's because in the long term, developers of renewables know they'll win. Climate change aside, the simple fact that energy demand will continue growing rapidly once the downturn has ended means that new supplies will be needed. And no one - including oil giants of the Middle East - believe that fossil fuels alone will meet that gap. "This is absolutely going to scale big," says Frank Mastiaux, the CEO of the E.ON, a major German energy company that is poised to more than triple its renewable business over the next five years...
...pictures of South Korea's oil spill...