Word: cheaping
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Dates: during 2000-2009
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...important new player in the global oil market. Although each day brings fresh accounts of breakdowns in the country's crude-oil machinery--fractured pipe-lines, controls damaged by looters, rusting equipment, 1970s technology in the 21st century--Iraq is the only country capable of flooding the world with cheap oil on the scale of Saudi Arabia. And that poses a major test for Washington...
...ever since oil was discovered near Kirkuk in 1927, within miles of the biblical fiery furnace of Nebuchadnezzar. The Iraq Petroleum Co., jointly owned by U.S., British, French and Dutch oil giants, drilled the first well. It gushed at a rate of 100,000 bbl. a day. That much cheap oil was the last thing the international oil companies wanted. They clamped a lid on the well and sat on the field through the 1930s because the world was awash in oil, and prices were already depressed. Texas crude had fallen from...
...protests that the other doesn't play fair because it relies on taxpayer subsidies. Embraer says it needs government help to counter Bombardier's easier access to First World financing and technology; Bombardier says it has to have aid to offset Embraer's low Third World labor costs and cheap currency. The firms have put their World Trade Organization complaints on hold and will sit down this month to try to work out a settlement. As irritating as they are, the subsidies, which mostly take the form of government loans, are a sideshow to the main contest, as Bombardier...
...College will offer Harvard housing at a rate of $1,300 for the summer—cheap given steep Cambridge rental rates...
...dramatic moment of the move follows years of preparation, and it didn’t come cheap. Transporting the house itself cost about $80,000 and clearing the route added another $100,000, according to Murray...