Word: crude
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...crude-oil prices soared to record levels in July, South Korea's flagship airline, Korean Air, established a nine-member fuel-management team charged with a single purpose: contain escalating fuel costs by wringing every last bit of mileage out of their aircraft. One idea the team floated during early brainstorming sessions was to ask crew members to lose 4.5 kilograms each, thus lightening in-flight loads. Another was to install rest rooms next to airport gates, using the power of suggestion to encourage passengers to shed a few grams by relieving themselves prior to boarding. Someone even proposed limiting...
...Because fuel now accounts for more than a quarter of operating costs, airlines are particularly vulnerable to rising oil prices. But with crude rising to more than $49 per barrel on Aug. 20?compared with an average of $20 per barrel over the past 15 years?few businesses in Asia are unaffected. Although there was a sigh of relief as the price fell back to about $43 last week, oil is still more expensive than it has been in the past 20 years?and the realization is sinking in that Asia may have to learn to live with higher energy...
...just a prankster. As for Hasina, she questions the government's capacity to conduct a proper inquiry and is asking for an international probe into the bomb blasts. While they grope for clues, security experts agree that the attack, with its use of hand grenades instead of crude, homemade bombs, shows how brazen Bangladesh's terrorists have become. "A new threshold has been crossed," says former Foreign Minister Kamal Hossain. "We have seen a tremendous escalation by communal and antidemocratic forces...
...higher crude-oil and gasoline prices weren't enough bad news for SUVs, the latest accident data out of Washington provide more reason to think carefully before buying one. According to the Department of Transportation, SUV occupants are nearly 11% more likely to die in a crash than are folks in passenger cars. But the government's recently released rollover test results for the 2004 model year show that SUVs vary widely in their tippiness, giving buyers more incentive to shop around. Such statistics may well accelerate the popularity of crossovers, the new breed of bulked-up station wagons flooding...
Soaring oil prices have renewed concerns about U.S. dependence on foreign oil. The warnings weren't heeded back in 1986, when crude dipped below $10 a barrel and CHEAP OIL was a TIME cover topic...