Word: crude
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...have to be a commodities trader to worry about West Texas crude. Most of us know the price of gasoline to the penny, and it's starting to really pinch. President Bush made the rising price of oil a focus of his prime-time news conference last week. But as Bush has acknowledged, lowering the price of oil isn't that easy. "You can't wave a magic wand," he said. Oil, unlike other products and services that are manufactured and sold, obeys the laws of geology, not just supply and demand. "You don't make more oil," says...
...don’t mean to give the impression that the movie is as crude as one that a prepubescent boy might make. Indeed, you don’t need to be an expert in cinematic technique to see that “Kung Fu Hustle,” although light-hearted and full of slapstick, is an admirable piece of moviemaking...
...decade. The only solution seemed to be a drive to convert coal reserves, like those underlying the Great Plains site, to synthetic gas or oil. The SFC's first grandiose goal called for the U.S. to produce the equivalent of 2 million bbl. of crude oil a day by 1992, replacing about 50% of imports...
...would appear to be a mystery worthy of Sherlock Holmes. If OPEC is reeling and the price of crude oil is falling, then why has the cost of gasoline been going up? The Los Angeles-based Lundberg Letter shows that since February the average retail price for all grades of gas has jumped from $1.14 per gal. to $1.24, taking some of the fun out of summer driving...
...made on gasoline will probably stimulate production. In addition, imports of auto fuel from overseas refineries are on the rise. Most industry experts predict that by the end of the year, at the latest, the cost of gasoline will be moving in the same direction as the price of crude oil: down...