Word: crudely
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Dates: during 2000-2009
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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...
Correct. "Oil prices have moved to a higher level, and they're going to stay there," says Wyss. Expect crude to remain around $50 a barrel, while gasoline could reach $5 a gallon within the next few years. There will always be blips in both directions. A hard landing for the Chinese real estate market, for example, could stall growth and cause a sudden drop in oil prices. "People would be terrified [by such an economic slowdown]," says Jim Rogers, a prominent commodities investor. "But it wouldn't last." Politics can also create short-term volatility: trouble in Saudi Arabia...
...Bush addressed those concerns by suggesting last week that refineries could be built on decommissioned military bases. But refinery capacity is not the major driver of higher gas prices. "The greater shortage is in the oil itself," says Rogers. Gas prices have been rising along with the price of crude. If gas prices were climbing while crude oil's remained flat, that would tell you there was a bottleneck pushing up prices. That hasn't been the case...
...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...