Word: upwards
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...experience of BP suggests that Yukos' success with modern production techniques wasn't a fluke. After a year of operations, BP recently gave the first detailed report about its joint venture, called TNK BP. The surprises are all good: it has revised the level of reserves upward, production growth is well above the expected 7% annual increase, and the firm has decided to double its capital spending to make more of the opportunities it is finding. In the Soviet era, BP officials explain, oil wells were developed in a cookie-cutter approach; by tailoring solutions to each reservoir and well...
...1920s, a business professor at the University of Pennsylvania’s Wharton School postulated that markets are bullish when hemlines inch upward. And when a team from the old American Football League beats a National Football League squad in the professional gridiron championship, stocks tend to sour...
...China's import requirements will continue to rise--putting upward pressure on world crude prices. If China's oil demand keeps growing an average 7% a year, as it has since 1990, in less than 20 years the country will consume 21 million bbl. of oil a day, matching current U.S. consumption. "The world has the oil," says Chen Huai of China's Development Research Center, a think tank in Beijing run by China's Cabinet, "and China has the money." The question is, how much is China--and the world--willing to pay for it? --With reporting by Susan...
...experience of BP suggests that Yukos' success with modern production techniques wasn't a fluke. After a year of operations, BP recently gave the first detailed report about its joint venture, called TNK BP. The surprises are all good: it has revised the level of reserves upward, production growth is well above the expected 7% annual increase, and the firm has decided to double its capital spending to make more of the opportunities it is finding. In the Soviet era, BP officials explain, oil wells were developed in a cookie-cutter approach that didn't customize extraction techniques...
...results were promising for Harvard and for then-University President Neil L. Rudenstine, who had urged the University to consider these questions. By the end of the 1990s, tenure offers soared within FAS, and the proportion of tenured women in the Faculty took an upward swing in 1998 that has continued to the present...