Word: gas
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...widow to seek justice for her husband. But justice - and a clear outcome - could further strain U.K.-Russian relations. Britain and its European allies need Russian support to resolve international conflicts and combat climate change; and they're uncomfortably aware that the country supplies much of Europe's natural gas and oil. So, while politicians trade hard words, their instinct for appeasement is strong. The mystery gripping Western diplomats is not who murdered Litvinenko, but how to contain the political poison that his killers have unleashed...
These days we are looking hard at the cost of cars to purse and planet. Gas prices are up 36% since December, to a record $3.22 a gal., and environmental concerns are at an all-time high as well. It is easy to find surveys that show people saying they will slow down, shop online, carpool, eat out less. Seven in 10 drivers say they will scale back their driving with prices this high...
...cars, actions don't necessarily follow. Even if prices keep rising, 2 out of 3 drivers say they will never switch to buses. It can now cost $130 to fill the tank of an SUV, yet SUV sales have shot up 25% over the past year. In 2000, when gas cost $2 a gal., fuel efficiency ranked 29th on the list of features car buyers cared about. With gasoline prices higher than ever before, that priority has climbed all the way up to ... 22nd place...
...fact, beyond the problem of too little refining capacity, the other factor boosting gas prices is growing demand. AAA predicts a Memorial Day weekend as busy as ever. Some experts say you won't see drivers really get price sensitive until they are routinely paying $100 every time they fill up. New York City Mayor Michael Bloomberg can float congestion-pricing schemes and tell taxi drivers they have to switch to hybrids by 2012, but to the general public, this is about time and love, not money and reason. We may fear global warming, replace our lightbulbs, recycle our plastics...
...Some Cambodians may be wondering whether an eighth tray should be added to the ceremony, this one holding a pool of oil. By 2010, a cluster of offshore fields should begin pumping oil and natural gas, radically changing the Cambodian economy. Optimistic estimates suggest that future oil revenue could dwarf the country's current GDP. But will any of this money trickle down to Cambodia's poor? Economists aren't sure, warning of a Nigerian-style oil curse that could simply make a privileged few very rich and leave the vast majority of people penniless...