Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Since World War II, much of the U.S.'s foreign policy has centered on maintaining access to cheap and plentiful oil. This has led us to have greater dependence on nations which we would otherwise have little dealing with. For example, the Organization of Petroleum Exporting Countries (OPEC) has been able to exercise some degree of control over the U.S. and its economy by setting the price of oil, as evidenced by the shortage...
...industry isn't the only one adjusting to the era of plentiful petroleum. As the price of crude oil falls, the prices of lightly taxed American gasoline (and other petrochemicals) follow suit. Car buyers, with the incentive of bottom-dollar gasoline, snatch up large, gasoline-inefficient automobiles-particularly sport utility vehicles-in increasing numbers. John Schutz, Nissan's director of research and development, said on CNN Interactive, "As long as gasoline is cheap, there will be demand for gas guzzlers." This, of course, encourages auto makers to produce SUVs, which they've done in ever-increasing numbers...
...result is a darkly comic vision of the future impact of a high-tech revolution that Sterling's earlier work helped create. He grew up in a Texas refinery town, the son of a petroleum engineer and grandson of a cattle rancher. While studying journalism at the University of Texas in the late '70s, he fell in with a group of budding writers that included William Gibson, John Shirley and Greg Bear. The cyberpunks, as they called themselves, were obsessed with all things digital, and in the '80s managed somehow to reverse pop culture's aesthetic field, turning slouching, sullen...
...become involved on the ground. For now, some traders are taking some precautionary steps to get out of international stocks. "We have been doing some swapping," says Hugh Johnson, First Albany's chief investment strategist. "We've sold some stocks with big international exposure, like Dupont, ConAgra and Phillips Petroleum, and have bought Staples and McGraw Hill. I'm trying to make our portfolio a little more insulated from world events...
...also supported a policy of annual pollution prevention review for Tosco, a large, independent oil refiner and marketer of petroleum...