Word: oiled
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...they had. In Maisel's new book Library of Dust, he shows dozens of the canisters in larger-than-life size, their turquoise, pink and gold colors so sumptuous they look more like oil paintings than photographs. On some of the canisters, white powdery corrosion oozes from cracks - the after-effects of regular flooding in their underground storeroom - creating geomorphic shapes in brilliant hues. The abstract beauty of the canisters is a jolting contrast to their grim origins. And to Maisel, that's the point. "It's about beauty and horror," he says. "It's a double-edged thing - seductive...
...expense of the window owner, money that Kinsley hopes to inject into the economy must first be taken out of it. Add in collection costs and the usual political malfeasance, and we have a net loss to the economy. There's more: Kinsley argues that last summer's high oil prices were essentially a tax on consumers; the money just went to oil companies instead of the government. But he forgets that oil companies do not have control over their prices. If they did, then why would oil prices ever drop? Kinsley's logic does not follow. Ryan Young...
...went to bail out banks. Thousands lost their jobs or their homes, or both. Yet amid the gloom there was one reason to celebrate as the year ended: filling your car with gas got cheaper with each day. After hitting a high of $147 a barrel in July, world oil prices have crashed to their lowest levels since 2004. By Jan. 7 the cost of oil for February delivery was around $43 a barrel - less than half the price of a year earlier. Goldman Sachs last month predicted that the price could sink to as low as $30 by March...
...everyone is applauding the return of cheap oil. Oil-producing nations that raked in billions over the past few years now face a reckoning. Governments that didn't set aside any of their windfall, or shortsightedly budgeted on sky-high prices - and more than a few fall into both categories - are grappling with tumbling revenues. The reality of lower oil prices for countries such as Iran, Nigeria, Russia and Venezuela in 2009 is likely to include political unrest, massive cuts in public spending, and rocketing inflation and unemployment. "The brutality and speed of the price decline is a huge shock...
...That shock is just starting to hit the world's fourth-biggest oil producer, Iran. The price crash has pummeled Iran's foreign earnings, 85% of which come from its shipments of 3.8 million barrels of oil a day. Last summer the country was garnering about $300 million a month from oil and natural gas. This month it's likely to make just $100 million, according to Saeed Leylaz, an economist in Tehran who edits the business newspaper Sarmayeh...