Word: oiling
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...first fall since 2001. Next year looks particularly bleak for European carriers. Having hedged more than U.S. rivals against the spiraling fuel costs earlier this year, European airlines - now locked in to fuel contracts - are less able to benefit from the steep slide in the price of oil in recent weeks. American carriers have also reacted quicker than European rivals when it comes to cutting back on capacity. So while U.S. airlines account for most of the global industry's losses this year, IATA expects them to turn a profit in 2009. Losses in Europe are forecast to rise tenfold...
...stability lies in cooperation between producing and consuming nations through the creation of a global fund that would be used to keep prices within an agreed target range. "I don't think Opec should continue to determine - or apparently not determine - what everyone pays for their oil," says Nick Butler, chairman of Energy Studies at Cambridge University's Judge Business School. A key objective, adds Robert Mabro, president of Oxford University's Institute for Energy Studies, would be to negate the impact of financial speculators on oil markets. "There is no logic in the world for oil to go from...
...while such ideas may be gaining currency in the academic world, it could be years before oil producers, whose domestic economic arrangements depend on high prices, are prepared to cooperate with gas-guzzling consumers. "It's an idea which works in abstract, " says Priddy, but in reality, such cooperation is "absolutely impossible". So enjoy the pump price while you can, because oil markets are likely to remain unpredictable for the foreseeable future...
...economy would not withstand the collapse of the auto industry, but perhaps carmakers should look to their friends in the oil industry for assistance. ExxonMobil and others reported record profits--with our money--supplying fuel for all the gas-guzzlers Detroit built. Why should U.S. citizens pay again? William Stamm, ROSENDALE...
...record number of them--have consequences that will not be easily reversed. The new laws would allow: ? Federal agencies to develop land without scientific oversight ? Farms to dump waste into nearby waterways ? Weaker standards for safe drinking water ? Uranium mining near the Grand Canyon and oil drilling in Colorado, Utah and Wyoming ? Increased emissions for coal-fired stations ? Loaded, concealed firearms in national parks...