Word: wellheads
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Dates: during 1990-1999
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Howard Rheingold, author, gardener and painter of his own shoes (moons, planets, stars, etc.), may be the wellhead of this social spirit. Certainly his site, Electric Minds www.minds.com) which opened last week, is the quintessence of online community. "The idea is that we will lead the transformation of the Web into a social Web," Rheingold says. Electric Minds is one-stop shopping for netniks who just like to commune--especially about the impact of technology on life. A "virtual community center" provides pointers to every online klatsch in cyberspace, from The Club for First Wives to alt.shoes.lesbians...
...Vergil's Georgics--was still very much a part of French art. Its greatest exponents, Nicolas Poussin and Lorrain, were French, and their work still cast a long shadow. But it existed alongside a newer appetite for natural vision, the direct recording of the facts of landscape, whose wellhead was the English artist John Constable...
...bust of the mid-'80s, which was marked by nose-diving crude-oil prices, the immediate problem this time is natural gas. Often extracted from the same formations as oil, gas accounts for 24% of the nation's energy consumption, mainly in heavy industry. Producer prices at the wellhead have been in a free fall for months, plummeting last month to $1 per 1,000 cu. ft., down 23% from a year ago. At that price, producers say they can barely turn a profit, and many who can still afford to operate are shutting their supplies in the ground...
...made up the drop in domestic production by supplying 43% of U.S. oil consumption. On the other hand, the public has not benefited from the drop in natural-gas prices, as pipeline companies and distributors have gobbled up the savings before the fuel reaches households. Though prices at the wellhead have tumbled from $2.66 to $1.16 since 1984, household users in Charlotte, N.C., still pay a rate of $6.14, only 51 cents less than they did 8 years...
Sometimes discovered in conjunction with crude, natural gas -- a colorless mixture of methane and other hydrocarbons -- was long considered worthless and burned off at the wellhead. In the postwar years, its price was so tightly regulated by the Federal Government that producers were discouraged from searching for the fuel. After prices were deregulated in the 1980s, the low cost of petroleum helped keep gas prices depressed. Wholesale natural gas sells for about $1.50 per 1,000 cu. ft., the equivalent of $9 per bbl. for oil. Observes T. Boone Pickens, a major oil-and-gas producer: "At that price, there...