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...Turks are demanding that we help them speed up the [European Union] membership process in return for expanding oil production.” Some of the other issues that panelists addressed included creating a national speed limit and raising gasoline taxes to decrease domestic oil demand, opening the Strategic Petroleum Reserve to deal with the shortfall in supply, and working with allies to coordinate a strategic response to the global oil crisis. In an interview after the event, Summers expressed his view that a long-term solution to U.S. reliance on oil would depend on prices, and that higher prices...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: IOP Panelists Simulate Oil Shock | 4/29/2008 | See Source »

...analysts also complain that the industry has failed, because of negative public perceptions, to attract a new generation of petroleum engineers whose skill and innovation would be essential to future oil supplies...

Author: /time Magazine | Title: OPEC: Gas Prices Will Stay High | 4/11/2008 | See Source »

...third behind the U.K. and the Netherlands in Russia's list of foreign investors. Clearly U.S. corporations are more cautious about investing in Russia than they were eight years ago - which is hardly surprising given Moscow's willingness to trample over even giants like Royal Dutch Shell and British Petroleum in its efforts to restore control over major oil and gas fields...

Author: /time Magazine | Title: Sunset for the Bush-Putin Era | 4/7/2008 | See Source »

...question was whether those reductions from carbon sequestration outweighed the "life cycle" of carbon emissions from farming, converting the crops to fuel and transporting the fuel to market. Researchers eventually concluded that yes, biofuels were greener than gasoline. The improvements were only about 20% for corn ethanol because tractors, petroleum-based fertilizers and distilleries emitted lots of carbon. But the gains approached 90% for more efficient fuels, and advocates were confident that technology would progressively increase benefits...

Author: /time Magazine | Title: The Clean Energy Scam | 3/27/2008 | See Source »

...Democrats. The G.O.P. candidates all claimed to defend taxpayers, but Paul was the only one who refused to accept a taxpayer-funded pension or taxpayer-funded junkets. The candidates all talked about shrinking big government, but Paul was the only one who included the Pentagon and NSA wiretaps and petroleum subsidies in his definition. Bush's approval ratings have been abysmal for years, but Paul was the only Republican who really campaigned for change...

Author: /time Magazine | Title: Why Ron Paul Scares the GOP | 3/20/2008 | See Source »

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