Word: gluttingly
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That's also why the monarchy's peripatetic Petroleum Minister, Ali Naimi, was trying last week to broker production cuts among major oil producers to sop up a global glut that has recently pushed prices to a 12-year low, barely higher in real terms than in 1973. After several days of haggling at meetings in Europe and the Persian Gulf, Naimi finally announced a breakthrough: Iran, Algeria, Venezuela, Mexico and the Saudis agreed to press OPEC (the Organization of Petroleum Exporting Countries) and non-OPEC countries for a 2 million- bbl.-a-day reduction in the flow of crude...
Most consumers, of course, think the current oil glut is just great, akin to a tax cut. American motorists are filling their tanks for under $1 per gal., less than the price of bottled water. America's annual oil bill dropped roughly $40 billion last year, and that money has shifted to other parts of the booming economy. The result is lower inflation and higher growth, with savings that show up on everything from home- heating bills to airline fuel and utility charges. Says Cynthia Latta, principal U.S. economist at Standard & Poors/DRI: "Higher oil prices will be widely felt across...
...Observers brand Newseum list arbitrary, pointless exercise, decry glut of similar end-of-century rankings, call Newseum name queer, silly
Naturally, Eddie also gets agitated by the television, its sheer glut and ridiculous range of information from sitcoms to disasters to Ginsu knives. One shot isolates this inhuman condition of having a secondary reality at one's fingertips: Eddie's remote-control-enabled hand alone on the glowing background of the electronic hearth. How to distinguish anything in this white noise? Reduce everything to a series of zeroes and ones, of equivalences and otherwise? In perhaps the screens' best-ever depiction of date realism, Eddie pigheadedly refuses to allow the don't-mind answer of Darlene (Robin Wright Penn...
...pigs, on the other hand, can't be killed fast enough--though 2 million a week are being butchered. And therein lies the problem. Hog farming, until recently the most profitable sector in agriculture, is stuck in the mud. A glut of live pigs on the market, exacerbated by a sudden drop in slaughterhouse capacity, has pushed the price of pigs down to levels not seen since the Depression. "It's a lethal mixture," says Al Tank, CEO of the National Pork Producers Council. Across the South and Midwest, farmers are losing thousands of dollars a day, drifting deeper into...