Word: gas
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...about 50%. In the Tampa area, World Series tickets are going for under $200, the lowest price StubHub has seen in the five years it has tracked the secondary market. Several teams have already taken measures to draw fans in a struggling economy. The Kansas City Royals offered gas-card promotions when prices soared this summer, and the Oakland A's will lower ticket prices 5% for 2009. Basketball's New Jersey Nets are allowing fans to grab season tickets now - and pay for them after the holidays...
...OPEC colleagues to vote for production cuts: If falling prices force his government to cut its heavy gasoline subsidies, he won't help his chances of reelection in a tough presidential race next June. "There is a lot of popular unrest when they cut subsidies or put on gas quotas," says Robert Johnston, Director of Energy for the Eurasia Group in Washington. For similar reasons, Venezuela President Hugo Chavez wants OPEC to cut production by about 1 million barrels a day, warning that his country would face dire economic problems if oil prices continue falling...
...many consumers, the only silver lining on the global financial crisis has been the falling oil price it has precipitated. But OPEC is determined to put an end to the relief at the gas pump. Concerned to protect their countries' financial health, oil ministers from the 13 members of the cartel of oil-producing countries meet in Vienna on Friday with only one item on their agenda - cutting their oil output in order to drive up world prices. Oil prices have been slashed by more than half in just three months, from $147 a barrel in July...
...needs of gas-guzzling Western nations, however, are exactly the opposite. Ironically, though, a falling world oil price negates the goal stated by Barack Obama and John McCain to cut America's dependence on foreign oil, especially from the volatile Middle East. That's because although it only accounts for about one-fifth of U.S. imports, oil from Saudi Arabia, Kuwait and other Middle Eastern countries is much cheaper to produce than the more politically popular alternative of oil drilled in Canada or the United States...
...Wilshire area of Los Angeles. "They targeted him in my mind, and that's the worst kind of person," says his sister Susanne McGraham-Paisley of the suspects, who remain at large. "I hope they give them the full scope of the law because that person went to a gas station, filled up the gas can, drove to the site, poured gasoline on him and then set him on fire. That person had so many opportunities to change [his] mind and ... didn...