Word: crude
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...Bangladesh may be trying to make a radioactive "dirty" bomb. On May 30, Bangladeshi police arrested four suspected members of a militant Islamic group, Jamaat-ul-Mujahideen, at a house in the northern village of Puiya. Officers also seized a football-size package with markings indicating it contained a crude form of uranium manufactured in Kazakhstan. Subsequent tests last week at the Bangladesh Atomic Energy Commission in Dhaka confirmed the 225-gram ball is uranium oxide?enough to make a weapon capable of dispersing radiation across a wide area if strapped to conventional explosives. A scientist at the commission told...
...scene is not taking place on a North Sea rig or in a dusty patch of Saudi desert. Instead, the 2,600-m-long steel drill is boring deep into a picturesque corner of Tuscany, fabled land of Renaissance frescoes and Chianti Classico. And the search is not for crude oil, but for boiling underground wells that can produce clean steam energy. The central Italian region happens to be the world's unrivaled mecca of geothermal energy production. In 1904 the first experiment ever in steam-powered electricity was conducted in Larderello, when five light bulbs were...
What Bush describes as his key principle is a classic if crude statement of Keynesian theory. A tax cut works, he said, by putting more money into people's pockets--which they will spend and thus create jobs. For 25 years, Republicans have sneered at this as "demand-side" economics. If Bush now embraces it, he ought to remember the corollary: that a tax cut should go mainly to low-income people, who are more likely to spend it. And the President should stop pretending he regrets the huge deficits his tax cuts produce. Deficits are essential to a demand...
...within, hopefully, by the end of the year." For now, at least, U.S. policymakers envision Iraq as a swing producer, one that can provide just enough oil to even out world supply and demand and prop up prices. (If there were a truly free market in oil, crude would sell for $12 a bbl. or less instead of $26, and gasoline would go for less than $1 a gal.) Iraq's importance in filling this role was spelled out two years ago in a little-noted energy study issued by the Council on Foreign Relations and the James A. Baker...
...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...