Word: crude
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Welcome to Oil Shock 2005. The spot price of brent crude hit $68 last Thursday?up 44% in the past 12 months?before easing slightly the following day. With the price of oil on the rise, its effects in Asia, on producers and consumers alike, are everywhere to be seen. Last week Beijing continued its frantic push to secure foreign energy reserves when China National Petroleum, a state-owned oil company, trumped an Indian government-controlled firm with a winning $4.2 billion bid for PetroKazakhstan, a Canadian-owned firm with vast oil and gas reserves in the former Soviet republic...
...impact of the 21st century's first oil alarm was equally apparent in other developing Asian countries. In Indonesia?a proud member of the OPEC cartel, never mind the fact that it's now a net importer of crude oil?the currency is in free fall and the government is burning through its foreign exchange reserves, thanks to a longstanding and increasingly ruinous policy of providing subsidized fuel to consumers. Gasoline in Jakarta costs a mere 27? per liter; some economists worry that if the government continues to spend an estimated $1 billion a month on fuel subsidies...
...says is an imminent U.S. invasion. A public effort to whack him, offered from the right-wing Christian establishment so closely aligned with President Bush, is just what Chavez needs to keep his approval ratings soaring as high as the price of the Venezuelan oil he controls, the largest crude reserves in the hemisphere...
...since it was unveiled nearly 150 years ago in The Origin of Species. The intelligent-design movement is just the latest and most sophisticated attempt to discredit the famous theory, which many Americans believe leaves insufficient room for the influence of God. Early efforts to thwart Darwin were pretty crude. Tennessee famously banned the teaching of evolution and convicted schoolteacher John Scopes of violating that ban in the "monkey trial" of 1925. At the time, two other states--Florida and Oklahoma--had laws that interfered with teaching evolution. When such laws were struck down by a Supreme Court decision...
...chronic poverty. The counties sold mineral rights to citizens for around $10,000 per square kilometer. Entire villages often pooled their money to invest in rights and rigs. More than 6,000 wells were drilled, and soon the "pump worms," as derricks are known in the local dialect, yielded crude. "I saw people building new houses, hiring teachers for their children," says Liu, who in 1999 formed a company with four other people, borrowed heavily and drilled three wells...