Word: oiling
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...banks in America combined. It is more than the total for Microsoft and Cisco with some to spare. As a group, Exxon, BP (BP), and Conoco (COP) have not done well during the rally. The simpleton's answer as to why that is true is that the price of oil is too low and that oil stocks trade with the price of oil. Since oil firms have complex structures that combine sales from exploration and refining, not every company in the sector is created equal. That point aside, oil stocks did remarkably well when crude was $147 last July...
...Based on the way that oil has traded recently, the perception that the economy has bottomed has fueled the belief that the demand for crude is about to jump. That can be combined with the fact that low oil prices have slowed exploration, so there may be a significant pinch between supply and demand as the summer rolls around...
...priorities - the economy, health care and energy - all depend on it. We need to spend more money now to avert a short-term depression, then save more money later to secure our long-term economic future. We need to consume less energy in order to reduce our oil imports and carbon emissions as well as our household expenses. We need to quit smoking, lay off the Twinkies and avoid other risky behaviors that both damage our personal health and boost the costs of care that are ravaging the nation's fiscal health. Basically, we need to make better choices - about...
...maxed-out Visa card knows, is that old habits die hard. Temptation is strong. We are weak. We've got plenty of gurus, talk-show hosts and celebrity spokespeople badgering us to save energy, lose weight and live within our means, but we're still addicted to oil, junk food and debt. It's fair to ask whether we're even capable of changing...
...most obvious example is driving. Americans drive too much, and they have good reason to do so. In the United States, gas tends to be two to three times cheaper than in Western Europe, since federal and state gas taxes in the U.S. are inefficiently low. Now that oil prices around the world have fallen, it would be the best time to gradually start raising gasoline taxes, which would limit gas consumption, pollution, and congestion as well as motivate people to move closer to work or to demand more public transportation. Unlike regulations or rations, higher taxes would not take...