Word: effective
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...been treating OPEC, and especially the Saudis, like friendly members of the Society of Important Countries rather than the criminal conspiracy they are. The second humiliation is that the meeting didn't work. The small gratuity offered by the Saudis of a modest increase in pumping had virtually no effect on the price of oil, which remained above $130 per bbl. The third humiliation is that by going to this meeting and begging the Saudis to increase production, the U.S. revealed its complete ignorance of basic economics...
...longer run, people can buy smaller cars, insulate their houses and so on. Energy efficiency--the amount of energy required to produce a dollar of GDP--has actually doubled in the U.S. since the first energy crisis. And $4-per-gal. gasoline is clearly having a significant effect on energy...
Barack Obama, saying offshore drilling would take 10 years to produce a minimal effect...
...openness to drilling. "For a man who's made himself the Everglades governor to consider offshore drilling I find more than a little surprising," says Mark Kraus, vice president of the Everglades Foundation, "especially when the experts say it would take at least 10 years before it had any effect on gas prices." Crist supporters cringed on Thursday when California governor and Crist pal Arnold Schwarzenegger - during his keynote speech at Crist's eco-summit - himself called offshore drilling a phony fix to the oil-price crisis. But Crist argues that industry experts he's talked to posit that increasing...
...North Korean dictator has most sought: removal from both the State Sponsors of Terrorism list and the Trading with the Enemy Act. In short, Pyongyang is now off what one State Department official called "the ultimate bad guy list." Dropping North Korea from the terrorism roster will take effect 45 days after the Administration formally informs Congress of its decision...