Word: petroleum
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Dates: during 2000-2009
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...Chávez has also used Venezuela’s petroleum wealth to extend his influence in the region while the Bush administration focused elsewhere. In particular, he has invested in his ideological allies in the region, including Fidel Castro’s Cuba, Evo Morales’s Bolivia, and Rafael Correa’s Ecuador. But, for all his hatred of the United States, Chávez remains a dutiful producer of oil for American consumption, delivering over a million barrels a day to the evil superpower in the north. As a result, he has become an unfortunate...
...Dhabi is the last place you might expect to find the future of environmentalism. The wealthy capital of the United Arab Emirates is the world's eighth biggest producer of petroleum. But the leaders of Abu Dhabi know--perhaps better than most--that the oil won't last forever, so they have embarked on the Masdar Initiative, a multibillion-dollar push to establish the emirate as a center for clean-technology development and innovation. Those plans include Masdar City, designed by British architect Norman Foster, as well as a $250 million clean-tech investment fund and an energy-engineering school...
...been largely attributed to a lack of foreign investment. Without formal diplomatic relations, US companies cannot effectively do business in Iran. Similarly, US diplomats are unable to make credible promises. If the US re-establishes official relations, American oil companies—who have some of the most advanced petroleum extraction technologies in the world—could easily increase Iranian oil output to its pre-revolutionary output. Reviving the Iranian oil industry to this standard could bring the country nearly $7.5 billion monthly, a massive sum for a country whose annual GDP is around $760 billion...
...visitors came to the summit, nearly 50% more than the previous year. And at the center of it is Abu Dhabi's own Masdar Initiative - named after the city of Masdar, a newly built green metropolis designed to be a center for clean technology. Even though the petroleum-rich emirate is suffering through plummeting oil prices - now a little over $40 a barrel, down a hundred dollars from a half a year ago - its leaders say they remain committed to expanding Masdar. "The current financial crisis has absolutely no impact on our planned projects," says Sultan Ahmed Al Jaber, Masdar...
...Dhabi isn't the last place you'd expect to find ambitious plans for solar energy and ultra-green construction, it has to be close. The seaside capital of the United Arab Emirates (U.A.E.) is the world's fifth largest producer of petroleum, and the wealth that oil brings this former fishing village is evident in the foreign luxury cars that choke its highways, running on gas that costs just 45 cents a gallon. But a year ago, the government launched the multibillion-dollar Masdar Initiative, a combination clean-tech investment fund, property developer and renewable-energy start...