Word: demand
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...Falling worldwide demand, especially in emerging markets, is the reason that the oil market made road kill of OPEC's production cut. Oil dropped yet again to $64 a barrel - its lowest level in more than a year. For months leaders of oil-rich countries have watched nervously as world oil prices have tumbled more than 50% from the all-time high in July of $147 a barrel...
...demand for oil is off 10% worldwide, why are prices down more than 50%? It's not a one to one relationship - small demand swings can cause large price swings, says Blanch. And the unraveling of oil is the other side of the credit crunch. Banks, investment banks and speculators have pulled money out of oil futures, further driving oil prices down; that's one reason why prices have fallen far faster than demand...
...This bill embodies the innovative thinking that we as a society demand and medical advancement requires,” he said in a speech supporting the legislation. “By expanding scientific access to embryonic stem cells which would be otherwise discarded, this bill will help our nation’s scientists and researchers develop treatments and cures to help people who suffer from illnesses and injuries for which there are currently none...
...Jones says the College Board decided to offer the new test after surveying more than 1,000 school administrators and finding that more than half indicated they were interested in this type of assessment. "There was significant demand for a gut check on students' reading, writing and math skills," he says. As opposed to other standardized tests, Jones explains, ReadiPrep examines college readiness based on criteria similar to those evaluated by the SAT. "And it needed to come earlier - we heard eighth grade is a critical year," he adds...
Snack Happy. Virgin America, which recently stole Condé Nast Traveler's Best Domestic Airline title away from six-time winner JetBlue, is introducing new items to their on-demand food menu. After swiping a credit card through the seat-back's touch screen menu, passengers flying coach can order ham-and-Havarti tea sandwiches, chicken Cobb salad wraps or Greek salad for $7 to $9. An expanded cocktail selection, with cosmopolitans, mojitos and margaritas are also on offer for $8. For first-class and select main-cabin passengers, the cocktails and meals are free...