Word: fuel
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...next time you complain about the high price of gas, think of Mr. Ma. The owner of small logistics firm in Beijing, Ma was forced to shut it down temporarily earlier this week after he simply couldn't find enough diesel to fuel his company's 20 trucks. "Gas stations even serving diesel have been difficult to come across," says Ma, who didn't wish to give his first name. "I'm losing 100,000 renminbi...
...that is only in the event of a real war and a cut-off of Iran's and the region's spigots. Right now, says Attiya, there is no actual shortage of fuel. "Why is the price of oil very high? I can confirm to you that there is no relation [to] demand and supply. We don't believe there is any shortage of supply in the whole world. I never saw a long queue in any gas station in the world. If you take the inventories, they are the highest in five years...
Speaking in his eighth-floor office with panoramic views of Doha's new skyscrapers and the Gulf waters beyond, Attiya said that the failure of industrialized countries to provide more refining capacity in the world had led to some shortages of usable fuel. But he was adamant that the Organization of the Oil Petroleum Exporting Countries, which will hold a major summit in Riyadh, Saudi Arabia, in mid-November, is not responsible for today's soaring prices...
...said that no such change would take place on her watch. She said that Germany would be better off improving traffic circulation in order to reduce the amount of time cars spent in traffic jams. Other parliamentarians said Germany should push technical fixes such as more fuel efficient cars...
...leadership structure, who accuse him of downplaying a real danger. Ahmadinejad says that he considers the U.N.'s case against Iran's nuclear program closed, and dismisses U.N. sanctions as "piles of paper." Bragging that Iran's uranium-enrichment efforts have succeeded in achieving "the capacity for industrial-scale fuel cycle production," he also recently withdrew a compromise Iranian proposal that would base its enrichment activities in an international consortium that would allow Western countries to participate in and monitor Iran's activities. "The proposal was based on the situation last year," Ahmadinejad explained. "New terms must be defined...