Word: crude
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Dates: during 2000-2009
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...OSCARS CAN BE FAULTED FOR ANYthing, it's not for nominating obscure movies. Perhaps at its inception, popular films had the greatest artistic merit. But in a year in which intellectually devoid, flashy crowd pleasers (like 300 and Transformers) and crude, idiotic, supposed comedies (like Wild Hogs and Rush Hour 3) were among the highest-grossing films, how can Corliss justify suggesting that the awards go to more popular films? Discounting Ratatouille, you have to scroll way down the rankings to find anything that warrants consideration?like Charlie Wilson's War, No Country for Old Men and Juno. Moneymaking could...
...fact, many Iraqis are also convinced Iran is the key player in Iraqi oil. In December, Iraq's State Oil Marketing Organization sent a letter to a South Korean firm threatening to halt its crude oil allocation unless South Korean companies halt oil investment in the Kurdish regions of Iraq. The Kurds claim that Iran was behind the letter - just as they maintain that Iran is holding up an Iraqi oil law that would allow the Kurds to open their region to foreign investment. As far as the Kurds are concerned, Iran intends to monopolize every drop of oil exported...
...face it, given the opportunity, Iran would take the Gulf and its oil, the only reason we care about that miserable body of water. Sixty per cent of the world's reserves sit underneath its shores, and 17 million barrels of crude oil exports pass daily through the Strait of Hormuz. Should the Iranians ever find themselves in a position to close it, Americans would pay for a gallon of gas - what, $10? It's no wonder that Iran's Revolutionary Guards decided on Hormuz to draw a line in the sand...
After several near misses, crude-oil prices briefly hit $100 a bbl. on the first day of trading in 2008. The doubling of crude prices over the past year hasn't been fully felt at the pump, but it will be if prices stay high. What's driving the increase...
...priced in U.S. dollars, so when the buck loses ground against other currencies, the price of crude generally rises. Speculators betting that this will continue may be driving it up even more...