Word: demanding
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...producing biofuels; and crop failures from freak weather, including droughts in Australia and Europe and last month's cyclone in Burma (Myanmar). At the same time, millions of people in China and India can now afford to buy more food and eat more grain-fed meat, causing world food demand to soar...
...easy to categorize. To grow quickly and preserve market share, Mibanco is offering incentives to current customers to get friends to sign up. That's hardly insidious--as anyone with a gym membership can tell you--but it does flick at the concern that lenders might start driving demand. And now Mibanco is contemplating an ipo. "We have two objectives," says Llosa. "One of them is to have a social impact, but we also look to be profitable. If we decide to only have a social impact, we won't have resources to grow...
...oilmen collected the substance in whiskey barrels after striking their first gushers. Before U.S. drilling began in 1859, "rock oil" (to differentiate it from vegetable oil or animal fat) was sopped up with rags, wrung out and peddled as a cure for everything from headaches to deafness. Spurred by demand for lamp fuel as whale blubber grew scarce, derricks popped up all over Pennsylvania's oil region in the 1860s--although subsequent overproduction drove prices so far down that at one point, a wooden barrel was worth twice as much as the oil it contained, according to Daniel Yergin...
...pipelines were laid in the Northeast in the late 1870s and early 1880s, the first oil tankers were allowed to pass through the Suez Canal, and the modern shipping system was born. Today crude oil travels in tankers that can carry up to 4 million bbl. With daily world demand at about 85 million bbl., petroleum represents about a third of all international cargo. And even though the commodity is also measured in kiloliters (in Japan) and metric tons (in Russia), thanks to whiskey, the units are always converted to the 42-gal. barrel for trading and selling...
...America was not ready for $4 gas and we would see a pause here," he says. "And we are seeing a pause." But even a sustained turn toward conservation in the U.S. wouldn't affect the main long-term drivers of higher oil prices--stagnant production worldwide and burgeoning demand from China, India and other emerging markets. So pay heed to Rainwater's choice of that word pause...