Word: crude
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...Bited Me: "There's a clump of Band-Aids in the bottom corner. A dark background. A stick figure whose head is a blur of blood. Then a very small dog, made out of glue. There is a house, a little black bump. It is pretty crude, pretty primitive and minimal. I like...
...economic one; lower oil prices would benefit oil-importing developing nations (that's most of them) and the fledgling democracies of Eastern Europe, while striking a blow to authoritarian Gulf sheikdoms, the Soviet Union, and corrupt banana republics such as Nigeria. After bringing down the price of crude, the U.S. ought...
Imagine a fuel that is clean burning, easy to produce and sells for far less than petroleum. The U.S. has a generous supply of just such a fuel: natural gas, also known as methane. Neglected during the 1980s because of abundant supplies of cheap crude, gas has suddenly become an attractive alternative again. With the Middle East crisis pushing petroleum prices to $30 per bbl., energy experts and environmentalists have begun urging greater development of natural gas to wean the U.S. from its heavy dependency on crude...
Sometimes discovered in conjunction with crude, natural gas -- a colorless mixture of methane and other hydrocarbons -- was long considered worthless and burned off at the wellhead. In the postwar years, its price was so tightly regulated by the Federal Government that producers were discouraged from searching for the fuel. After prices were deregulated in the 1980s, the low cost of petroleum helped keep gas prices depressed. Wholesale natural gas sells for about $1.50 per 1,000 cu. ft., the equivalent of $9 per bbl. for oil. Observes T. Boone Pickens, a major oil-and-gas producer: "At that price, there...
...struggled to hold together a scattered and widely disparate population of tribes. But he and his successors -- sons Saud, Faisal, Khalid and now Fahd -- were greatly aided in their task by the lucky presence beneath their feet of the world's largest reservoir of oil. The revenues from black crude -- which reached a high of $113 billion in 1981 and this year are expected to top $60 billion -- have enabled the House of Saud to create a modern state almost overnight and, in the process, buy the continued fealty of its subjects. First-class medical care is free...