Word: barreler
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Dates: during 2000-2009
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...only one made uncomfortable by his globetrotting. CNOOC's aggressive efforts to secure reliable supplies of oil and natural gas around the world reflect just how strong China's thirst for fossil fuels has become. Motorists bemoaning high prices at the pumps?oil rose to a record $55 a barrel on Oct. 15, up 65% this year?can with some justification point an accusatory finger toward the mainland. Its booming economy and burgeoning appetite for cars and other modern conveniences have caused energy demand to soar. China's oil imports doubled over the past five years and surged nearly...
...four oil fields is in decline. By some estimates, the country's current proven reserves will be depleted in as few as 14 years. Meanwhile, largely untapped petroleum pools believed to lie beneath western China's desolate Tarim Basin are uneconomic to drill, even with prices at $50 a barrel...
...course, such a discussion remains unlikely so long as the majority of congressmen remain content bringing home pork-barrel projects to their constituents. These leaders have no real incentive to plead for less money for their state’s defense. While the Department of Homeland Security maintains some veto power over how the money is spent, fixing this problem requires strong leadership from the executive branch. No action is likely unless the white house transforms this matter from a funding allocation issue into a significant political issue. And in this tight election season, such action is all but definitely...
...pension managers are feeling the heat and turning to so-called alternative investments, like hedge funds, in search of better returns. Most hedge funds try to exploit temporary price discrepancies between, say, a barrel of oil and stocks of oil producers, making money as prices fall back in synch--even if the overall markets are sinking. It's a fairly conservative approach--until a hedge-fund manager attempts to multiply profits by borrowing many times over the amount of assets in the fund. Such borrowing is legal, and even expected, but since Long-Term Capital's meltdown, the Federal Reserve...
...authentic ingredients for our bubble tea, none of those artificial powders they serve at Lollicup,” Song said of her competitors down JFK Street. But Patrick D. Blanchfield ’05, a student who has made it past Crate and Barrel to Dado on a walk from Mather, said he disagrees...