Word: turmoil
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...this month. Oil companies regard Libya's crude as some of the best on the planet. Relatively thin, it is among the easiest to refine. And tankers leaving Libya need far less time to reach U.S. and European ports than those leaving the Persian Gulf. Given the turmoil in Iraq, and the fact that Washington is on chilly terms with Iran, many U.S. oil companies see Libya as a dream prospect. "There's a huge amount of oil that hasn't been discovered," says Michael Thomas, director of the London-based Middle East Association, a trade-promotion group that organized...
...glimpse the outer forms of our activity, but the “ineffable,” in Professor McCormick’s expression, that takes place here daily is beyond their reach. We coexist in Cambridge with a largely undereducated population, served by a public school system in turmoil, whose students are underperforming on statewide tests. Despite talks open to the public, such as those offered at the Science Center or the Institute of Politics, our university makes no concerted, meaningful exertion to explain itself to the world. If an individual makes the effort to come all the way here...
Over the past couple of decades, both Sears and Kmart have become mere shadows of themselves, plagued by aging, poorly stocked stores; management turmoil; outdated merchandise; and a lack of sophisticated IT systems--or, for that matter, a clear identity. Whereas Kmart has failed miserably to compete on price with Wal-Mart or on style with Target, Sears has found it harder and harder to stay relevant at its aging 870 mall locations, about the same number of stores it had back in 1970. It has tried everything from financial services (its "socks and stocks" period) to home improvement...
...Virginia, was changing its name to Fallujah--the question wasn't whether the place was eventually going to be cleared of rebels, but how many would be killed in the process. But beyond the bravado there was no joking about what was really going on and why. The turmoil at the CIA was unfolding just as Bush was consolidating his power all over Washington in classic second-term fashion. The President wasted no time after his re-election reining in the two other agencies that haven't always been on the White House's page--the State and Justice departments...
...answer: the opportunities seem to far outweigh the risks. The major oil firms are under intense pressure from investors to find new reserves - now. With near record crude prices and Iraq in turmoil, Russia's vast untapped wealth of oil and gas has never looked more attractive. There are production challenges: many of the reserves are located in remote locations deep in Siberia or above the Arctic Circle. Russia's Minister for Natural Resources, Yuri Trutnev, has cautioned that extracting Russian oil will become increasingly difficult. Nonetheless, the Western oil companies are eager to export Russia's reserves, which...