Word: oiling
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...need a huge pot of bailout money to trade oil these days. Just don't expect to make the big bucks without...
...past year oil has traded above $120 per barrel and below $50 per barrel, generating plenty of buzz (even within government agencies like the Commodity Futures Trading Commission) about oil speculators and their mysterious ways of making mounds of money. (Read "Why There Should Be More Oil Speculation, Not Less...
...choices we made and habits we acquired and systems we built back in the 20th century. Different, 21st century choices are now available to us. Dysfunction and profligacy aren't inevitable, and the American tendency to magical thinking can be kept in check. The diehard opposition of powerful institutions (oil companies, agribusiness, the health-insurance industry, teachers unions and more) to fundamental change is implacable, for sure, but it isn't invincible. We can rediscover common sense and the better angels of our nature. We possess the ability to rejigger and renovate our lives and our country as necessary...
...There's no denying that the 2003 U.S. invasion unleashed chaos in Iraq, as sectarian hatreds, Iranian influence and ancient feuds over land and the oil beneath it produced a storm of bloodletting. But last month, once U.S. troops began to shrink back to their giant bases, which are like sand-blown, little American cities, with pizza and burger chains, they ceased to be the dominant player in Iraq. And if the U.S. can no longer influence events in Iraq, what's the point of lingering around eating gritty pizza...
...presidency, his future remains shaky. He faces double-digit inflation, shrinking government coffers that may not support his expensive populist programs, and spiraling unemployment, particularly within the restless youth population. The regime's obstinacy on the nuclear issue may bring further debilitating international sanctions, which, combined with slumping oil prices, may push fellow conservatives toward a vote of no confidence in their leader. (Watch TIME's video "Iranian Rockers Unite for Freedom...