Word: demanding
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...what went wrong? Two years ago, says Miller, he began to home in on oil and gas stocks. He had never liked them, knowing that oil prices had fallen in real terms over 150 years while demand had grown at a desultory pace--"a formula for a bad long-term investment." Still, after years of lackluster performance, the sector was cheap, so he drew up a list of buys, like Devon Energy, Apache and XTO Energy. But he never bought them. "I was preoccupied with other things," Miller admits. "When I got around to doing it, the prices had moved...
...should be priced at the "marginal cost of production"--the price at which it makes sense for companies to find and extract it from the ground. And that, Miller says, is currently about $40 per bbl. Oil has shot way higher for perfectly rational reasons, from booming global demand to Hurricane Katrina's impact on refining capacity, but overseas producers have every incentive to boost supply at today's prices, says Miller, which should make up for existing shortfalls. "Barring an unforeseen event"--another Katrina, say, or a 9/11-- all this suggests to Miller that oil should retreat to about...
...vaccines aren't the whole solution. Should a pandemic take hold, demand would soar for surgical masks, hospital beds, mechanical ventilators--which help people breathe when their lungs are fighting an overwhelming infection--and other items. "We have only 105,000 ventilators right now in America, and 95,000 are being used," says Tommy Thompson, a former HHS Secretary who startled a lot of people last December when he said pandemic flu was one of the two things that kept him awake at night (the other was the safety of the food supply...
...Good Luck”’s CBS newsroom presents a considerably more noble alternate reality, though an equally chaotic one. Its reporters are constantly being hassled by intruders—managerial types with their eyes on the bottom line, jingoistic pundits, and dunderheaded military commanders who demand to review footage before it is broadcast. Watching Murrow and producer Fred W. Friendly (played by Clooney) fearlessly rebuff these would-be defilers of the fourth estate is enough to make a college journalist break a sweat...
...conversations both with officials at the Cambridge Fire Department (CFD) and with students at other regional colleges, we discovered that Harvard’s rate of fire alarms does not differ greatly from the standard frequency. Nor is the CFD particularly concerned that Harvard’s demand places undue stress on its ability to respond to calls throughout the city—the department responds to upwards of 33,000 calls per year, which means that Eliot has thus far accounted for all of 0.009 percent of the responses CFD will conduct in 2005. Furthermore, Associate Dean for Residential...