Word: demands
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...opponent, Steve Chabot, and George Bush to fight for the middle class. The Republicans and Steve Chabot are giving [Big Oil] $14 billion in your money." The Democratic handout proposal was even more generous. The Dems want to rescind the gasoline tax for a while--which would stimulate demand...
...unhappy with high oil prices. Besides oil companies, these are boom times for oil-field-service firms like Schlumberger, whose oil-field revenue is up 34% over last year's first quarter, and high-tech equipment makers like Baker Hughes (up 89%). Rig activity is so strong and demand for energy services so unprecedented, according to Dave Lesar, CEO of Halliburton Co., the Vice President's former outfit, that the oil-field-service conglomerate started raising prices this month. So have others. Oil-drilling ships are renting for $500,000 a day, double the charge of 18 months...
...Hedge funds, sniffing profits, are pouring money into oil and other commodities. The chase has added $10 to $15 to the price of a barrel of oil, say economists. Nor do the fundamentals of global oil offer much hope for lower prices over the long run. The growth in demand is exceeding the growth of supply by 400,000 bbl. a day, fed by the rapidly expanding Chinese and Indian economies...
Conditions certainly are right. Booming economies globally and an emerging middle class in Asia, where gold jewelry is especially popular, will triple demand over the next few years, predicts the World Gold Council. Mining companies won't be able to keep pace because they failed to invest sufficiently in exploration and technology during gold's long slump. Meanwhile, soaring oil prices are contributing to inflation worries; gold is a classic inflation hedge...
...more imperative that the new government try and deal with them," says Rhoderick Chalmers of the International Crisis Group. "They have to be brought into the mainstream." The Maoists have offered to lay down their arms as long as the planned constitutional referendum proceeds with no conditions-a demand surely to be rejected by the King, who will insist on keeping at least a ceremonial role. Even if the monarchy and the Maoists can come to an unlikely compromise, Nepal's historically fractious political parties may yet disrupt the process. Should the parties, the King and the Maoists fail...