Word: barrelers
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...since the Gulf War has America seen oil prices of $35 dollars a barrel, last week's high. And the prospect of stiff prices for heating oil this winter is already giving us a chill. Not surprisingly, share prices for the big three oil companies, ExxonMobil, BP Amoco, and Royal Dutch, have risen accordingly. If you missed Big Oil's runup, consider Not So Big Oil: companies such as Conoco and USX Marathon have been relatively ignored by investors, but they're turning analysts' heads. "These are companies whose profits have exploded while their share prices remain dormant," says...
...both gave him rousing ovations. But each leader wants something from the other: Clinton wants Nigeria, an OPEC member and the sixth-largest supplier of oil to the United States, to encourage its fellow cartel members to pump more oil to reduce its price below inflation-inducing $30-a-barrel levels. In exchange, Obasanjo wants Clinton to fight to reduced the crushing $30 billion the nation owes the industrial powers, debt amassed by military autocrats...
...head of state to end Saddam Hussein's post-Gulf War quarantine; now he's talking up oil prices to record levels. That's right, talking up, in the same way that Alan Greenspan does for equity markets. Crude oil prices hit a 10-year high of $32.28 a barrel Tuesday, following Chavez's comments, during a visit to Nigeria, that oil-producing nations should not allow prices to fall below current levels...
Welcome to the NASCAR Nation, where a trip to the market may soon seem like two laps in the Cracker Barrel 500. Shifrin says he's done $1 million in sales this year and has 160 cars on the road draped in the same clear-vinyl ads you see on buses. Most of the cars are in the San Francisco area, where drivers get as much as $400 a month, but Shifrin has business in 11 cities and an online registry of 23,000 people who want in on the deal...
...scraping the bottom of the barrel," one Jerusalem-based reporter admitted. And what's at the bottom? Momentous questions to Boucher like this one: "Is Buddy still at Camp David, and how's the chemistry between Buddy and the delegates?" Boucher, showing he's a true diplomat, responded, "That's out of my jurisdiction. You'll have to ask the White House...