Word: crude
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...With crude oil closing in on $100 a barrel, the pinch of higher prices is being felt worldwide. In China, however, the impact of the hikes has been shortages at the pump, and tempers are running hot. Last weekend, a man was fatally stabbed in Shandong province after he jumped the queue at a local gas station. A second man in Henan province was killed in a similar incident Tuesday...
...making. To reduce inflationary pressures on its red-hot economy, Beijing has not raised prices at the pump, which are set by the government, since May 2006. In that same period of time, international oil prices have risen about 30%, sticking refineries with spiraling costs for the crude they buy and shrinking profits for the gasoline they sell. Some smaller refineries stopped production altogether to avoid losses, while others begun hoarding their crude supplies, leading to gas shortages around the country...
...Commission, on Wednesday announced an almost 10% increase in domestic gasoline and diesel prices, calling the move an "urgent step" needed to tamp down demand and encourage refiners to ramp up production. The price hike is likely to alleviate the shortages - that is, until the next increase in global crude prices, says Gordon Kwan, a Hong Kong-based oil and gas analyst for CLSA Ltd. "When retail prices [in China] are nearly a third lower than in the rest of the world, why would producers want to boost supply?" Kwan asks. "The best way to solve the problem...
...songs that would at least inspire laughter and often had some shock value (e.g. “Baby Bitch,” and “Spinal Meningitis (Got me Down)” off “Chocolate and Cheese”). Unfortunately, this album generally lacks the crude, silly, and striking teenage humor of its predecessors. “Object” and “My Own Bare Hands” have some satirical merit, making light of the objectification of women and the rock star mentality, respectively. But the album as a whole is somewhat...
...Asians but for any immigrant community, it is difficult to tread the line between ethnic assimilation and self-preservation. Academics have attempted to describe and define this tension in many ways, most famously with the metaphor of the American “melting pot.” A crude assimilationist model of this ideal might have us believe that foreigners arrive in the United States via some sort of cultural liquidation sale, ready to absorb into a gloopy, grey and nondescript soup characterized primarily by football, Big Macs and turkey stuffing. A more preservationist version might resemble throwing a sack...