Word: demanding
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Dates: during 2000-2009
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...Griffiths teaches the Whole Hog Cooking Class, a two-day event that is a hands-on experience, not a sit-and-sip cooking demonstration. Demand is growing so quickly, he has had to add more classes, tripling the number since he began in 2007. Students arrive at the event to see a whole hog's head simmering in a pot in preparation for making an herb-infused, French-style headcheese. The rest of the hog, raised by a local veterinarian and rancher, is then broken down for a variety of dishes, including sausages, rendered lard, rillettes...
...demand for gas, despite its low price, stays relatively low. Then layer on the effects of the recession: gas-intensive industrial production is down 12.8% since this time last year, according to Barclays Capital bank estimates. On top of that, there's weather: this has been a cool summer in much of the U.S., so less natural gas has been burned for electricity to power air-conditioning than in recent years. (Read "America's Untapped Energy Resource: Boosting Efficiency...
...halt production; or flare it - burn it off into the atmosphere. With production decreasing because of low price incentives and a great deal of gas likely being lost from capping wells and flaring gas, the oversupply will not last, and the price will be pushed higher by supply and demand fundamentals. The natural gas futures traded on the New York Mercantile Exchange (NYMEX) imply that natural gas prices will more than double in the next year...
Just as in the case of crude oil, supply and demand do not paint the full picture. As of Aug. 24, the U.S. Natural Gas Fund, an exchange-traded fund listed as UNG on the NYSE, held about 10% of the contracts in the October 2009 futures market traded on NYMEX. Combine that position with its over-the-counter swap holdings, and UNG held the equivalent of more than 50% of the October contract's open interest. In following its plan to buy and hold natural gas, UNG keeps rolling its position into the next futures month. In other words...
...course, critics are right that the program will probably drive up the price of used cars for poor people who need them and will have only a marginal effect on the long-term prospects of the auto industry. Subsidies don't so much increase demand as kidnap it, inspire people to take the money they were saving for a new fridge and apply it to a pickup instead. As for the environmental benefit, the new fleet will save about 160 million gal. of gasoline a year--which sounds awfully good, except that we use 378 million...