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These days, everyone's looking for a way to ease the pain of the pump: the national average cost of a gallon is up to $1.66, just a nickel less than the all-time high, and prices have soared past $3 a gallon in some parts of the country. And many motorists worry that war in Iraq could bring a further spike in the cost of filling...

Author: /time Magazine | Title: How to Beat the Gas Pump Blues | 3/5/2003 | See Source »

...transformation from boxmakers to agile providers of expertise. German-born Raizner, 48, is turning that idea into sales. In the U.S., he led IBM's storage-products division from fifth place in world market share to second (behind the merged HP/Compaq). Now Raizner has returned home to try to pump up IBM Germany's $7.5 billion business...

Author: /time Magazine | Title: People to Watch in International Business | 2/24/2003 | See Source »

...year ago. A one-third cutback in petroleum production by Venezuela, beset by a political crisis, has contributed to the price increase, leaving the U.S. more dependent on Middle Eastern crude. Americans are also weathering an exceptionally cold winter, which is boosting demand for heating oil. At the gas pump, the average price of regular unleaded gasoline is $1.53 per gal., up 43¢ from the price 12 months ago and 11¢ just since Jan. 1. To make matters worse, U.S. commercial oil stocks are near their lowest levels ever. As war seems increasingly likely, some major questions loom...

Author: /time Magazine | Title: Iraq: War and the Economy: All About The Oil | 2/17/2003 | See Source »

Russian companies could prosper if their government supports U.S. action against Saddam. The Kremlin has made clear to the Bush Administration its fear that postwar Iraq will pump too much oil, lowering the world price below $18 per bbl.--the level at which Russia's oil companies can no longer make a profit. That has led some industry officials to believe that Washington, eager to secure Moscow's approval for military action in Iraq, has quietly agreed to keep prices from falling too low and to help Russian oil companies win contracts in the new Iraq...

Author: /time Magazine | Title: Iraq: War and the Economy: All About The Oil | 2/17/2003 | See Source »

...tried to pump myself up for a sale, which I figured required knowing where the cash register was. It turns out nice stores don't have cash registers; they just take your credit card. They also don't have sale signs, although in this case there was a 60%-off sale on almost everything in the store. We just told people when they came in. The thing was, almost nobody was coming...

Author: /time Magazine | Title: Work Experience: Mess Of A Salesman | 2/5/2003 | See Source »

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