Word: crude
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...this show will strike an opera-goer as familiar. Presented recitative-style, with alternating spoken dialogue and songs that reveal characters' feelings and motivations, there are secrets revealed, kidnappings, bumbling henchmen, crude comedy and low-tech special effects like flash pots and strobes. Characters have solos, duets and ensemble arrangements, accompanied by interpretive dancers. There is even a pas de deux...
...pony through the ground-floor corridor and up the elevator so that his ailing brother Archie would be cheered. All along the way an exuberant country of inventors made sure that early on the White House had running water, indoor plumbing, electric lights, central heating, telephones--even some crude air conditioning way back in 1881 to soothe the dying President James Garfield. Teddy Roosevelt, for all his progressive nature, was too fond of horses to adopt the automobile, though he was the first President to fly in an airplane. Right up to the end of his term...
...justify. "With today's price levels and huge valuation gaps," he says, "mid-size oil companies offer a far better value." For example, based on Lehman's earnings estimates for 2001, Marathon's price-to-earnings ratio is less than half that of ExxonMobil. Furthermore, Cheng argues that when crude prices drop to more sustainable levels, companies like Marathon and Conoco stand to benefit most from their downstream refining and marketing operations. So while the price at the pump may hurt, there's still a way to buy oil at a discount...
...some ways sympathetic figure. H.R. Haldeman had it about right when he compared Nixon to "a multifaceted quartz crystal. Some facets bright and shining, others dark and mysterious. And all of them constantly changing as the external light rays strike the crystal...some smooth and polished, others crude, rough, and sharp...
...that works for just about anything. They provide a service to their customers by packaging a supply of name your commodity and then using the efficiency of their vast network to beat most prices. They arrived at this model back in the mid-1980s almost out of desperation, when crude-oil prices had collapsed, natural-gas deregulation had thrown that market into chaos, and the Peruvian government had just nationalized Enron's offshore properties. Figuring they might as well leverage deregulation instead of succumbing to it--call it business judo--Skilling, a McKinsey & Co. consultant at the time, came...