The Maui 10
Who's the county's most powerful player?
April 24, 2008
THERE WILL BE TESORO
All kidding aside, have you guys gassed up your car lately? Oh, are we so doomed. It's still April—APRIL—and the price of oil is higher now than it's ever been before, even adjusting for inflation. Right now 87 Octane is going for $4.19 a gallon in Wailuku. How bad will it be by the time summer rolls around? Five dollars a gallon? Six? Of course, even Tesoro doesn't want the price that high: not only would hybrid sales soar, but people would start taking the bus like never before. And we all know how Big Oil views public transportation. So bask in your power and glory now, Tesoro, while you still can.
|3||2||Alexander & Baldwin|
|4||4||Maui Land & Pineapple Co.|
|7||7||Wailuku Water Co.|
|9||9||Maui Electric Co.|
A&B may have started out here in Hawai`i, but lately they've been paying a lot of attention to the Deep South. Last week, Pacific Business News reported that the land-owning, sugar-growing, container-shipping giant paid $50 million for a one-million-square-foot industrial park in Savannah, Georgia. This is all just dandy for the company, except for this line in the April 17 story: "The majority of the facility, 711,000 square feet, has been leased to a toy manufacturer." Given that A&B already announced that this manufacturer (the name of which PBN said "was not disclosed") has "extensive manufacturing facilities in China," and that the words "China," "toys" and "lead" seem to go hand-in-hand these days, is this the best the company can do? MTW
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