Word: cheaping
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...ground to gas in your car's fuel tank. Oil's various refined products, such as gasoline, kerosene and diesel, have different boiling points. The lighter the chemical composition of the desired product, the lower the temperature needed to separate it from the crude. It's not cheap; refining costs account for nearly 19% of the price of gas sold in Britain. Today's refineries are so efficient that they can extract 44.6 gallons of refined petroleum products from a 42-gallon bbl. of crude. That's good, but not good enough, especially not after Katrina knocked...
...losses and industry complaints. The ensuing negotiations, which are still progressing unhurriedly and uncertainly, have been the cause of much friction between Beijing and Washington. Another touchy area is that of China’s currency. Many U.S. trade groups accuse China of keeping the yuan artificially cheap to bolster exports. The yuan was revalued in July from a direct 8.28 peg to the U.S. dollar to an approximately 8.11 managed float, but the 2.1 percent revaluation is still far below the 10 percent wanted by Washington. These issues have all strained Sino-U.S. relations in the past...
...would be a huge improvement. "I am a Republican. I am not one of these people who thinks the answer to everything is more money," says Ervin. "But I do think part of the problem is that we've tried to do Homeland Security on the cheap. We spend $400 billion on the Defense Department. It's telling that we're spending literally a tenth of that on Homeland Security...
...main reason AirTran is prepared for the turbulence: like the better-known JetBlue, its focus has always been on cheap tickets, low costs and reliable service. It offers the only low-fare business class in the industry. As a result, AirTran has stolen market share from Delta at Atlanta's Hartsfield-Jackson International Airport--Delta's primary hub.Leonard and president Bob Fornaro built AirTran on the ashes of ValuJet, which suffered a fatal crash in the Florida Everglades in 1996. In 2003, when aircraft prices hit rock bottom, they made a decision that looks prophetic today: they ordered 100 fuel...
...fixed-line provider BT. Because BT only recently entered into the mobile-service business, it has been among the first of the old-line telecoms to cautiously embrace mobile VoIP. Since June, BT has started 400 of its home broadband customers on Fusion, a Motorola-supplied phone that makes cheap Internet Protocol (IP) calls from home and switches to pricier mobile transmission outside the house. It's still a fledgling technology, because the phones use Bluetooth to make an IP connection, which limits the range in which supercheap calls can be made. But things should get more interesting...