Word: effects
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...they were removing the drill on the morning of May 28, they set off a massive "kick," in which high-pressure water and gas from the surrounding rock flowed into, rather than out of, the borehole. To prevent a potentially dangerous blowout, the drillers shut vents at the surface, effectively corking the pressure inside the well. But it was too late. Water from a pressurized aquifer thousands of feet below the surface surged upward, picking up debris from a layer of mudstone as it did. Davies compares the effect to a bicycle pump. When the pump is sealed, the pressure...
...makes their target clear: "Lapindo terrorist," one reads. The company provides food for everyone in the camp, along with services such as a medical clinic and a makeshift mosque. But the villagers are quick to recite a litany of complaints, from the quality of the rations to the health effects of the mud (though the government team says the gas coming from Lusi has no ill effect, locals complain of difficulty breathing and strange rashes). Mostly, though, they complain about money. On the orders of the Indonesian government, Lapindo has agreed to compensate the villagers with a total...
...prices; and so they find profits by selling their products abroad or by producing cheeses whose prices are not dictated by the government. Perhaps to make up for the lack of profits from regulated staples, non-regulated food items have experieced inflation of 32.7% last year. Perhaps reflecting the effect of price controls on the country's liquid milk industry, daily production levels are at 3.5 million liters a day when ithe industry has the capacity to process 12 million...
Chavez's harangues also have their effect. "Controls of these economic variables can work [to combat inflation]," says Orlando Ochoa, an economist and opposition sympathizer. "However, if you add an aggressive political speech [that threatens] private property... then things become worse, because the private sector becomes reluctant to invest and increase capacity." Indeed, business associations have already expressed concern that recent changes to the Law of Hoarding, Speculation and Boycotting could make it easier for the government to expropriate food-related businesses...
Other measures the government has taken to alleviate the food crisis have had a limited effect. In January, Chavez announced the creation of PDVAL, an affiliate of the state oil company, PDVSA, that has been tasked with assisting in food production and distribution; it has set up various distribution centers - such as the one in the Caracas train station - around the country. The National Institute for the Defense of Users and Consumers, INDECU, has been regularly making enforcement rounds, and temporarily shut down more than 500 businesses that were guilty of selling food above the regulated prices during one week...