May 15, 2005 |
Soaring demand for crude oil in China, India, and other developing nations has set off a scramble to secure future energy supplies that could undermine the economic and national security of the United States. The United States, Europe and Japan increasingly will be forced to compete with developing nations, especially China and India, the world's fastest-growing major economies, which comprise more than one-third of the world's population. "The center of gravity in world oil is shifting," said Daniel Yergin, chairman of Cambridge Energy Research Associates and author of The Prize, a Pulitzer Prize-winning history of oil. "Last year, Asia consumed more oil than North America," Yergin said.
December 1, 1987 |
George H. Earle IV says he remembers taking off from South Philadelphia in a B-17 and heading for the ocean with barrels of radioactive waste in the bomb bay. His instructions, he says, were to go 100 miles beyond Atlantic City and drop the stuff. And that's what he did, Earle says, believing wholeheartedly that "when you're Navy and they tell you to jump, you say, 'How high?' " The retired Navy pilot related how he took off with the unmarked barrels in 1947 from the old Mustin Field at the Philadelphia Naval Base.
December 6, 2009
Gazing among the many spirit wonders at Village Whiskey, my eyes settle on the smallest of bottles and a curious pedigree: bourbon from New York? That's right. The preciously-priced Baby Bourbon, brandylike with notes of apple and mulled spice, comes from the pot-distilled Hudson Whiskey line of Tuthilltown Spirits (along with a superbly dry Manhattan Rye). This six-year-old Hudson Valley distillery is part of America's growing artisan spirit movement, and is the first new whiskey producer in New York since before Prohibition.
October 22, 2012
The whiskey gospel has gone global. Just taste how India's Amrut Fusion and Sullivan's Cove from Tasmania (each featured in meet-the-distiller events at restaurants this week, as well as Thursday's Whiskey Fest) emphasize how traditionally made spirits take on distinctive terroirs. For Amrut , a Bangalor distillery that began as rum producer for the Indian army, copper pot-stilled northern Indian malt ages at a significantly faster rate than in Scotland in India's warmer climate (a max of seven years)
May 2, 1988 |
OPEC oil ministers early today postponed for a month their efforts to link up with six non-OPEC oil-producing nations in a plan to reduce the world's oil glut and stabilize volatile prices, cartel officials said. The 13-member Organization of Petroleum Exporting Countries is to reconvene in June to resume the deliberations, said Fernando Santos, the oil minister of Ecuador. The breakup of the talks ended four days of negotiations that followed a proposal by six non-OPEC oil producers for joint cuts in oil production to help shrink an over-supply that was depressing prices.
August 9, 1987 |
For John Chando, 38, president of TFC Nuclear Associates of Moorestown, it was just another job. But for the residents of Montclair, Essex County, the job - if successful - would end a nightmare. Chando was trying to rid the town, and the state, of a radon-waste threat that has frustrated state and local officials since 1982, when radon- contaminated soil first was dug up from beneath four Montclair homes. His plan was to transport a total of 15,000 barrels of radium-contaminated soil to a federal facility in Tennessee for treatment.
March 6, 2013 |
NEW YORK - Reaction in the oil market to the death of Venezuelan President Hugo Chavez was muted Tuesday, with the price of crude rising slightly in electronic trading in New York. Chavez, 58, battled cancer for two years. In December, he underwent what officials described as a complicated six-hour, cancer-related surgery. The full impact of his death on the oil market may not be known until Venezuela elects new leadership. In the short term, analysts expect the country's long decline in oil production to continue.
February 2, 2006 |
One day after President Bush vowed to reduce America's dependence on Middle East oil by cutting imports from there 75 percent by 2025, his energy secretary and national economic adviser said the President did not mean it literally. What the President meant, they said in a conference call with reporters, was that alternative fuels could displace an amount of oil imports equivalent to most of what America is expected to import from the Middle East in 2025. But America still would import oil from the Middle East, because that is where the greatest oil supplies are. The reference in the President's State of the Union address to Mideast oil made headlines nationwide yesterday because of his assertion that "America is addicted to oil" and his call to "break this addiction.
July 13, 1986 |
At twilight, six-pound bass jump from the shallow waters, snowy egrets pick their way nimbly through the swamp grass looking for frogs, quail roost quietly among the reeds, black bear and alligator roam. Thousands of feet beneath them lies $1 billion worth of crude oil stored in massive salt caverns, part of America's total stash of 500 million barrels. The oil that lies here and in five other heavily guarded sites along the Gulf Coast in Louisiana and Texas is America's hedge against future oil embargoes, shortages and foreign policy extortion by hostile oil-producing Middle East nations.
April 8, 1986 |
The price of oil has fallen from $29 a barrel in November 1985 to $13 in March 1986, a drop of over 50 percent in four months. We are now in the midst of a worldwide oil glut. But how is this possible? After all, in the 1970s we were told that oil is a nonrenewable resource that was on the verge of depletion. Oil could only become more scarce. A glut was not only unthinkable but also logically impossible. But the "impossible" has occurred. How? The doomsday predictions were based on a "worst case" scenario.