Word: pumped
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Dates: during 2000-2009
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...years ago: the tube amplifier. Although almost made extinct in the 1970s by cheaper transistor-based amps, vacuum tubes (also known as valves) are back in the mix for a growing number of high-end audio companies. This isn't just sonic nostalgia: audiophiles have long claimed that tubes pump out warmer, smoother sounds - a result of the low-level distortion that tubes generate - than transistors. If your music goes down these tubes, it's guaranteed to amplify your listening pleasure...
Then there's the gloomy view. In his 2005 book Twilight in the Desert, energy-industry investment banker Matt Simmons opened up a still raging debate over whether Saudi Arabia, OPEC's top producer, really can pump much more oil than it does now. Since the book appeared, Saudi output has dropped from 9.6 million bbl. a day to 8.6 million, despite rising prices...
...Arabia can increase its output to even 15 million bbl. a day is remote. Even maintaining its current production rate for an indefinite period of time is hardly a certainty. The Ghawar, Abqaiq and Berri fields (which still make up about 90% of Saudi Arabia's light crude) now pump oil from water-injection wells--essentially the low-hanging fruit. Once that ends, oil production in those key fields will decline, and the declines could be steep. The two other giant fields producing lesser-quality oil are subject to this same risk. Quantifying the timing and the magnitude...
...below the surface. In a couple of hours, extracted gas reaches the Nyhamna plant, where it's processed and sent to Britain via the world's longest underwater pipeline (it's a trip that can take as little as two days). In full swing, the $9.2 billion project will pump up to one-fifth of Britain's gas. More than that, though, StatoilHydro's technological muscle on show at Ormen Lange can give it an advantage when bidding for projects in places like the Arctic, says Kjetil Bakken, an analyst at investment bank Fondsfinans in Oslo...
...want to lower prices you have to slow down oil demand growth in China and India, use cars more efficiently, use biofuels, and also convince producing countries to pump more oil," says Birol. But he is uncertain any of that will happen. "I don't see the political will." Then again, nothing fuels political will like a soaring price at the gas pump...