Word: oil
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...cage. He has tried to coerce him with economic sanctions and schoolboy bluster - a policy course that ended in 2006, when Kim tested a nuclear weapon, precisely the opposite of the result Bush intended. Since then, the Administration has tried bribery, offering blandishments like free food and fuel oil in hopes that North Korea would stand down its nuclear program. Kim has responded a bit - his nuclear reactor at Yongbyon, which produced the fissile material for the North's estimated eight to 10 nuclear bombs, is being shut down. But Kim has refused to detail, as he had promised...
...all—it’s not as if there’s anything beautiful about the slow starvation of a mangy mutt or in the minced guts of a goldfish. Unlike filmmaker Werner Herzog, for example, whose macabre yet stunning Lessons of Darkness portrays the burning Kuwaiti oil fields of the Gulf War, many performance artists do not court any kind of beauty. Instead, they often redeem their projects with the vague notion of “protest” or discourse. Shvarts claimed her aim was to inspire “some sort of discourse?...
...heart of that growth for both companies were bumper profits from exploration and production units. Those at Shell's climbed 52% to more than $5 billion, and BP's did even better. But given the surging price of a barrel of oil, both businesses must share the plaudits with the markets. A spiraling dollar and jitters over supply have helped drive oil prices up almost a quarter this year, reaching a fresh record of almost $120 on Monday. An end Tuesday to the two-day strike over pensions by refinery workers in Scotland - which had earlier halted much...
...Shell. But results like these can rankle consumers caught up in a cooling economy as gas prices at the pump steadily rise. Little wonder that results like these aren't trumpeted these days, but rather carefully explained. Record profit announcements from major energy firms are nothing new; those inflated oil prices have triggered a string of them in recent months. But the slowdown currently underway in the U.K., for instance, "puts a bigger onus on these companies to explain lucidly what exactly that means," says Simon Webley, research director at the Institute of Business Ethics in London, which counts both...
Former University President Lawrence H. Summers and Harvard Corporation fellow Robert E. Rubin ’60 were among the participants in a Cabinet simulation that performed a mock response to a major disruption in oil at the Institute of Politics (IOP) Forum last night. = The simulation, called Oil ShockWave, was developed jointly by Securing America’s Future Energy (SAFE) and the Belfer Center for Science and International Affairs at the Harvard Kennedy School. The exercise consisted of a U.S. Cabinet responding to a worldwide oil crisis following terrorist attacks that hampered the global oil supply. The scenario...