Word: crude
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...it’s a crude crossroads. One fork is toward the realm of perpetual self-seriousness, the other is more engaged irony,” he says...
Purdy separates the good from the bad irony, and, he explains that many people who said irony was dead did so because no could fathom any more crude mockery of everything after Sept. 11. The problem is apparently that the definition of irony was sloppy to begin with...
First, let’s start with demand. According to the Department of Energy (DOE), the United States imports 8.9 million barrels of crude petroleum a day and produces 5.8 million (all statistics used in this article are from the DOE, some from its Energy Information Administration). If you price those supplies at the moderate and currently prevalent price of $25 per barrel, you arrive at a daily crude oil expenditure by U.S. firms and the government of $222.5 million, which is $81 billion annualized. We spend $81 billion a year buying crude oil on the world markets, primarily...
...let’s look at supply. The U.S. imports between 50 and 55 percent of the oil it uses, depending on whether you count processing gains and field production in our consumption totals. This is 11.1 million barrels per day (BPD), or the 8.9 million crude plus 2.2 million BPD of refined products. Breaking that down by country and region, we find that 2.5 million BPD come from the Persian Gulf. Not surprisingly, we get 1.6 million BPD from Saudi Arabia, our primary supplier in the region. Quite surprisingly, we buy 0.6 million BPD from Iraq, presumably under restrictive...
...British-born Hugh Harris, a second year Kennedy School student voiced his disapproval. “I know what they were trying to do, but I don’t think it worked” he declared. “I thought the whole question and answer session was crude to the point of underestimating the intellect of its target audience. Trent Thompson, a first year student in the Masters of Public Policy program was less vehement in his assessment. “I felt like the whole point was to teach America about terrorism and on that point...