Word: barreled
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Dates: during 2000-2009
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...fall? People have been anxiously wondering as they watch the plunging stock market. But increasingly the same question is being asked about another crucial figure: the price of oil. It has plummeted nearly 40% in just three months, from about $147 a barrel in July to below $83 on Friday, with no obvious bottom in sight. If that sounds good, you are probably a driver who winces these days at filling your gas tank. But the downward spiral could mean trouble for oil-rich countries and for the environment...
...McCain tried to rattle Obama. He talked about Obama's "cronies" behind the collapse of Freddie Mac and Fannie Mae. He jabbed a finger in Obama's direction and said "that one" voted for a pork-barrel energy bill...
...Democratic Congressional Campaign Committee, she has been blasting Lee for refusing to state whether he would have voted for Congress' $700 billion bailout bill. (Kryzan says she would have voted yes; Lee says the bill was "necessary," but an "embarrassment" because it was loaded with so many pork barrel projects.) Upstate New York and the rest of the Rust Belt has been hit particularly hard by the economic downturn, with the region still reeling from the loss of manufacturing jobs over the past several decades. It is fertile ground for anti-corporate sentiment, and Kryzan is tapping it to attack...
...credit crunch is also crunching funding for new clean-energy projects. When the global economy was surging over the past several years, fossil fuel prices were surging as well; the cost of oil exceeded $150 a barrel at one point this year. The economic slowdown has shrunk those prices just as quickly, with oil now dipping below $95 a barrel. That makes renewable energy projects like wind and solar, which have to compete with fossil fuels on straight cost until a carbon price is passed, less attractive. Michael Liebreich, the chairman of the research group New Energy Finance, argued...
...government. For Blue Dogs, if there's a silver lining to the crisis that has shaken the financial markets, it's that it has highlighted problems they have been warning about for several years; their gripe is that the supposed solution now includes the same out-of-control pork barrel spending that they have been decrying. "The way I see it, the bailout forced us to go into the flooded basement and pump out the water," says Rep. Jim Cooper, a Tennessee Blue Dog, "and while we're down there we see there's termites everywhere...