Tag Archives: oil

Allah on oil prices

08-08-10 – 02:56:pm

From Peter Arnett’s ’97 interview with bin Laden:
REPORTER: Mr. Bin Ladin, if the Islamic movement takes over Saudi Arabia, what would your attitude to the West be and will the price of oil be higher?
BIN LADIN: We are a nation and have a long history, with the grace of God, Praise and Glory be to [...]

by m3t00 | in economics, international, religion | Also tagged , | comments (0)

Why did the price of oil drop?

08-07-19 – 01:14:am

One theory:

A colleague writes, “Everyone seems to have missed the obvious: The State Department’s third man is going to [talk with] Iran to send oil prices down. I’m sure Paulson told Bush this was the only way to stop a panic.” Almost certainly part of it. (And is it working?)

We’ll see how this tactic affect [...]

by m3t00 | in economics, government | Also tagged | comments (0)

A day late and a dollar short

08-06-03 – 11:51:pm

The NYT:

To put this in perspective, the difference between a [Ford] Focus and an F-250 over five years is $60,000. The annual pretax income of a typical family in this country is also about $60,000. So choosing a F-250 over a Focus is like volunteering for a 20 percent pay cut.

Of course, the same math [...]

by m3t00 | in energy, media, money | Also tagged | comments (0)

Refractory turn on red: RTOR, CAFE, SUVs, UPS

08-05-28 – 10:59:am

Right-turn-on-red (“RTOR,” in some circles) was introduced nationwide in the mid-1970s as part of a broad, national fuel-saving strategy in response to the “Arab fuel embargo” of 1973–74 (context here). The goal was to save gas by minimizing idling.
In a tribute to former Senator Dale Bumpers, Senator Robert Byrd of West Virginia said:

The above discourse [...]

by m3t00 | in energy, law, standards | Also tagged , , | comments (0)