Word: demand
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...that when prices went up to $145 a barrel OPEC was helpless," says Fadhil Chalabi, executive director of the Center for Global Energy Studies in London, who was an OPEC official during the last global oil crisis of the 1970s. Nor did they anticipate the sharp fall in demand which has helped send the price of their oil plunging. "This is not like the 1970s," says Chalabi. "OPEC has become a price-taker, not a price-maker." Still, if taking a couple of million barrels a day off the market has its desired effect, OPEC will once again be cast...
Boston has finally made good on a vow the police department made four years ago to bring the regulations on the Harvard-Yale tailgate in line with city standards on university sporting events. The demand for compliance has resulted in a policy for this year’s Game that is in part stricter than in 2006 and in part more relaxed...
...traders, the economic downturn may come as a particularly deep shock; because most of them are young, they have never faced unemployment or recession. For their entire professional lives, their abilities have been so in demand that many have been repeatedly headhunted, giving them a sense of invulnerability. Now, Morgan says, "They're living in a world that they didn't think existed." On top of that, traders tend to be single-skilled with limited academic backgrounds, Morgan says, meaning they will need further training in order to find other jobs...
...hungry in recent years. Reducing energy consumption does a lot for carbon emissions - but even more for the balance sheets of IT companies. "The total cost of powering a server over its lifetime is beginning to outpace the cost of the computer itself," says Arbogast. "Customers are going to demand innovation on this - for the environment and for efficiency...
...motels in the state jumped from 17 last September to 588 at the beginning of this month. Beginning in 1999, the state’s Department of Transitional Assistance has placed families without homes in motels. The program was phased out in 2004 but reinstated in 2007 as demand for shelters exceeded supply due to the nationwide economic downturn. The Council’s consideration of homelessness follows an effort by Mass. Governor Deval Patrick to end family homelessness and cut the state’s costs by using a preventive approach. But councillors said they thought the problem would...