Word: lowes
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...natural gas prices and oil prices are no longer bedfellows in our present economy. As crude oil has skyrocketed from about $30 per bbl. in December 2008 to more than $70, natural gas has plummeted from nearly $6 per million BTU to under $3, recently hitting a seven-year low. To put these numbers in perspective, this makes oil more than four times as expensive as natural gas to produce the same amount of energy, according to the U.S. government's Energy Information Administration (EIA). (Read "Clean Energy: U.S. Lags in Research and Development...
...demand for gas, despite its low price, stays relatively low. Then layer on the effects of the recession: gas-intensive industrial production is down 12.8% since this time last year, according to Barclays Capital bank estimates. On top of that, there's weather: this has been a cool summer in much of the U.S., so less natural gas has been burned for electricity to power air-conditioning than in recent years. (Read "America's Untapped Energy Resource: Boosting Efficiency...
...Furthermore, just because house prices overall may be rebounding, that doesn't mean everyone benefits. Looking at the Case-Shiller data broken down by house price makes clear that the high end of the housing market is still in trouble. For low- and mid-tier houses - roughly, those costing less than $430,000 - prices in June rose between 2.3% and 2.6%. For more-expensive houses, prices nudged up just...
John Durham is a low-profile professional thrust into a decidedly high-profile assignment. The press-shy Connecticut prosecutor was tapped by Attorney General Eric Holder on Aug. 24 to investigate alleged mistreatment of terror suspects by CIA interrogators and contractors. His appointment came on the heels of a newly released Justice Department report indicating interrogators abused prisoners by, among other things, threatening to kill one man's family and choking another man to the point of unconsciousness. Durham, 59, is no stranger to top-level governmental investigations. In 1999 he was selected by Attorney General Janet Reno to probe...
...nationalist orthodoxy, to "take over" the party, implying that the only way the party could get its act together is to go back to the lock-step discipline of the RSS. This, however, would also entail a return to that group's ultra-nationalist values which would alienate Muslims,low-castes and religious minorities. The party now finds itself faced with a lingering existential question: whether to return to its core base and whole-heartedly embrace the RSS, or continue to project a more centrist image by distancing itself from Hindu fundamentalist dogma. The repudiation of Singh and his open...