Word: barrelfuls
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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...
...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...
...student here, I know I never used to walk beyond Crate and Barrel,” she said of the stroll up Mass Ave. “A lot of students have probably never been there. After a certain hour, we really don’t get too much foot traffic...
...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...