Word: fuel
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...country's debt and tackling corruption. To Obasanjo's fans, a change of leadership - particularly to Vice President Atiku Abubakar - would threaten any progress. But many of the President's former supporters now accuse him of mismanagement and dictatorial tendencies - charges his allies reject. Changing the constitution will only fuel instability, say critics. Most Nigerians seem to agree: a recent poll by independent researcher Afrobarometer found that 8 out of 10 Nigerians oppose a third presidential term - a figure disputed by Obasanjo's camp. Could the debate turn violent? U.S. intelligence czar John Negroponte told a Senate committee in March...
...less energy to produce a dollar of GDP last year than it did in 1986, according to the Department of Energy. But gas prices are hurting consumers because real wage growth has declined over the past four years. The American Automobile Association estimated that the average driver's fuel costs will increase to 9.2¢ a mile, from 8.2¢. Not academic, since the average commuter covers more than 8,000 miles a year just getting to work and back...
...labor disputes, the major carriers had made steady progress in shedding excess capacity and lowering labor costs. As a result, jets are fuller. But the till is still empty. Every dollar increase in the price of a barrel of oil translates into a $365 million immediate increase in fuel costs for the 11 major airlines. Even hyperefficient JetBlue has gone into the red. "High oil prices and continued losses will probably be a slow grind to liquidation for some airlines," says Vaughn Cordle, the founder of the analytical firm AirlineForecasts. While some airlines thought they might break even this year...
Economists are worried that companies are reaching the limit of being able to transfer energy-price increases to their customers in the form of surcharges. FedEx just raised its fuel surcharge on air deliveries from 12% to 13.5%. Even local pizza parlors, which have been adding a dollar or two to the bill, will reach the push-back point if the upward trend continues. "The pain at the pump this summer is going to be on truckers, taxi drivers, limo drivers, airlines, shipping companies. The question is, Do they pass it on?" says Joe Stanislaw, an independent energy adviser...
...reasonable expectation that an escalation of the crisis will exacerbate divisions in the international community and allow it to win the battle to maintain at least a limited enrichment capability. Indeed, some analysts believe Iran will eventually reintroduce some version of the proposal to enrich its reactor fuel in Russia while maintaining a small enrichment facility at home for research purposes - a plan that could hold more appeal for U.S. allies if the most likely alternative appears to be confrontation. Divisions among Western governments are certainly plain to see, both over what punishments should be threatened for non-compliance...