Word: oiled
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...brakes, so too will demand for American goods and services. That will have a knock-on effect on jobs and the earnings of companies that rely heavily on international sales. (One small silver lining: as their economies have slowed down, China and India have decreased their consumption of oil, contributing to a fall in prices, both globally and at the pump...
...reason for this heightened interest is the prevalence of issues that really engage younger voters, not just the Iraq War but eco-debates like whether or not to permit oil-drilling off Florida's coast. Bryan Griffin, 20, a junior classics/political science major and head of UF's Republicans, suggests young Floridians have begun to shift their focus from the beach to the ballot box. "There's a lessening of political apathy,"he says. "Florida kids have a lot of [recreational]distractions, but we're waking up now to the realization that we can make a difference in this state...
...Tuesday's trading day, the Dow had plummeted 5% to 9,447.11. The other major indices declined as well with the NASDAQ down 5.8%, the S&P 500 down 5.74%, while investors retreated to traditional safe harbors such as gold, which was up $17.10 to $833.80, and oil, up $3.39 to $91.20 respectively...
...credit crunch is also crunching funding for new clean-energy projects. When the global economy was surging over the past several years, fossil fuel prices were surging as well; the cost of oil exceeded $150 a barrel at one point this year. The economic slowdown has shrunk those prices just as quickly, with oil now dipping below $95 a barrel. That makes renewable energy projects like wind and solar, which have to compete with fossil fuels on straight cost until a carbon price is passed, less attractive. Michael Liebreich, the chairman of the research group New Energy Finance, argued...
...harbor, most of the luxury yachts have left for safer moorings, while across the channel the massive floating oil rigs ready to be towed to sea have stood firm. But a large shrimp boat, 50 feet long or more, sits on its side in the parking lot in front of Willie G's Seafood and Steakhouse, wedged between a crushed parking lot tollbooth and the tramline rails, its anchor hanging like a noose over the roof of the tram stop...