A Quote by Lawrence Wright
When the price of oil goes up, the entire Texas economy takes a deep breath. Millionaires blossom like rain lilies. News races through the countryside that the money train is pulling into the station. Hop on board!
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Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil.
The U.S. economy will tank if either China withdraws its money from the U.S. Banks, or Saudi Arabia stops depositing its oil money in U.S. bonds, or even if the oil trade goes off the dollar.
In 1995, when I was backpacking through Europe solo, I would head to the train station, look up at the big board, and decide right there and then where I would go that day.
The thing you have to remember is, oil and gas are commodities, and the more we use them the more the price goes up, like any commodity. Solar, wind - they are technologies, so the more you use them, the more the price goes down.
The towns and countryside that the traveller sees through a train window do not slow down the train, nor does the train affect them. Neither disturbs the other. This is how you should see the thoughts that pass through your mind when you meditate.
I was 16. In the middle of the night, I took a taxi to the Detroit train station - or maybe it was the Pontiac train station? - and got on a train to Chicago, then transferred to a train to San Diego where my boyfriend was living at the time.
Honey, I am the chief of my train. If critics want to hop on board, fantastic. There's plenty of room. The KP train is fun.
See with what entire freedom the whaleman takes his handful of lamps-often but old bottles and vials, though. ... He burns, too, the purest of oil. ... It is sweet as early grass butter in April. He goes and hunts for his oil, so as to be sure of its freshness and genuineness, even as the traveler on the prairie hunts up his own supper of game.
You see this in the oil industry time and time again. Fears that we've found the last oil, that we're going to run out, pop up constantly. And soon afterward, because the price goes up, huge new reservoirs are discovered.
In this time, we incorporate money and media, and it's split up like apartheid, where when you say "hip-hop," you think just rap records. People might have forgot about all the other elements in hip-hop. Now we're back out there again, trying to get people back to the fifth element, the knowledge. To know to respect the whole culture, especially to you radio stations that claim to be hip-hop and you're not, because if you was a hip-hop radio station, why do you just play one aspect of hip-hop and rap, which is gangsta rap?
A song without a hook is like a train without rails. It skitters all over the place, bangs into everything. Boom! Crash! There goes Grand Central Station. Crushed by a train.
Because deep-frying requires a high volume of oil, it's okay to reuse the oil a couple of times for economy's sake. When the color or smell of the oil starts to change, it's time to discard.
If the oil price goes down, Russia will go down. You can track the Ruble, you can track the stock market, just off the price of oil.
Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.
My wife will automatically quote and compare the price of diesel at every petrol station we drive by, like she's got oil-based Tourette's.
What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.
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