Word: crude
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Dates: during 2000-2009
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...mention modern American conservative politics. In his tome on the Big Four - Roy Cullen, Clint Murchison, Sid Richardson and H.L. Hunt - Burroughs, author of Barbarians at the Gate, offers a Hollywood-worthy story that's equal parts political investigative journalism and dramatic family history. Think oil wells gushing black crude hundreds of feet in the air, the pitfalls of billions in new money, and family scandals that include bigamy, ungrateful children, trust funds and professional sports teams...
...Once oil prices started to cascade from over $141 a barrel this last summer to well below $40, OPEC knew that its members would not be able to support their own economies which, in many cases rely almost entirely on income from crude sales. Russia, which is not a member of the cartel, is facing similar trouble, so the incentive to move oil back toward $70 gets greater as each day passes. (See pictures...
...Crude oil tops $140 per bbl. American consumers pay upwards of $4 for a gallon of gas at the pump...
...importance of direct negotiations on this issue cannot be understated. The current diplomatic approach to Iran’s nuclear ambitions is overwhelmingly dependent on economic sanctions and is simply not effective. This is due to the volatile state of global energy markets, particularly crude oil. Since Tehran relies on oil exports for 85 percent of its foreign exchange revenue, UN sanctions can be rendered meaningless by steady increases in the price of oil and gas—a trend that has reached alarming rates in the past five years...
...house speaker Michael Madigan, will prosecute the case. He was scheduled to call as many as 13 witnesses, including an FBI agent who has been allowed to testify, and he will likely play tapes of recorded conversations with Blagojevich - from some of the thousands of hours of often crude conversations that the government has recorded to pursue its criminal case against Blagojevich for allegedly engaging in widespread pay-to-play politics...