Finding Two. If a state plays this game it quickly reaches an absurd level. Just after the LoPresti micro-triumph New Mexico announced a $100 million investment to build…a spaceport (I really wish I was making this up). This will service Richard Branson’s Virgin Galactic and is obviously a necessary subsidy, because Branson, for some reason, has no cash. (See the December 2005 press release at http://ww1.edd.state.nm.us. Title: Richardson Announces $100 Million Commitment to Build World’s First Spaceport. Implicit subtitles: “Private Sector Baulks At Risky Project; We’re enlisting New Mexico Taxpayers To Provide Generous Help” and “Hooray! We’re Morons!”). Today, Kansas and Florida. Tomorrow, Low Earth Orbit. Who can stop New Mexico from operating like an aerospace banana republic? In search of good government I asked my friend Jeff Schwartz what could be done. Jeff is one of the smartest government guys I know, and he works for the Appalachian Regional Commission, which funds development work in states in their jurisdiction. “We’re on it,” he reassured me, referring me to their code (http://www.arc.gov/index.do?nodeId=1242#chap8). The ARC prohibits its money from going to “(A) Any form of assistance to relocating industries; (B) recruitment activities that place a state in competition with another state or states; and (C) projects that promote unfair competition between businesses within the same immediate service area.”Brenda Konkel recently wondered about the City of Madison's $700K loan to Tomo Therapy. Generally, I think governments should stay out of this. We're all better off if they spend time simplifying processes, taxes and paperwork.
Garlic may be good for a lot of things -- spicing up your diet, for sure -- but it seems to be no good at all at lowering your cholesterol.Another balloon pops. Perhaps the garlic farmers will need a subsidy of some sort to recover?
After conducting one of the most elaborate studies yet on garlic's effect on cardiovascular health, scientists at the Stanford University School of Medicine said Monday that they could find no benefit in terms of reduced levels of LDL cholesterol, the "bad" form linked to heart disease.
Christopher Gardner, a Stanford assistant research professor and lead author of the six-month study, said he was disappointed by the results, describing himself as a garlic lover whose office is an hour's drive from Gilroy, the generally acknowledged "garlic capital of the world."
"We really thought this was going to work," he said. "I was going to get the key to the city of Gilroy. I was going to get 'Dr. Garlic' license plates."
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| Gathering Storm, San Carlos, CA Airport: Thursday, 2/22/2007Click for larger photos | |
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| Above and below the clouds: Iowa and Madison: 2/23/2007 | |
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The murder of Anna Politkovskaya was at once unbelievable and utterly expected. She had been hunted and attacked before. I 2001, she fled to Vienna after receiving e-mailed threats claiming that a special-services police officer whom she had accused o committing atrocities against civilians (and who was eventually convicted of the crimes) was bent on revenge. While she was abroad a woman who looked very much like her was shot and killed in front of Politkovskaya’s Moscow apartment building. Polic investigators believe the bullet was meant for Politkovskaya. In 2004, she became violently ill after drinking tea on a flight to Beslan in North Ossetia, where, at the request of Chechen leaders, she was to negotiate with terrorists who had seized a school and take more than eleven hundred hostages, most of them children. The Russian Army, which had bungled its response to the siege, did no want her there. Upon landing in Rostov, she was rushed to the hospital; the next day, she was flown by private jet to Moscow fo treatment. By the time she arrived, her blood-test results and other medical records had somehow disappeared. She survived, only t be called a “midwife to terror.” The threats became continuous: calls in the middle of the night, letters, e-mails, all ominous, al promising the worst. “Anna knew the risks only too well,’’ her sister told me. Politkovskaya was born in New York while her fathe was serving at the United Nations, in 1958; not long ago, her family persuaded her to obtain an American passport. “But that was a far as she would go,” Kudimova said. “We all begged her to stop. We begged. My parents. Her editors. Her children. But she alway answered the same way: ‘How could I live with myself if I didn’t write the truth?’
No, this isn't an upside-down rainbow, and the photographer hasn't faked the picture. It's an unusual phenomenon caused by sunlight shining through a thin, invisible screen of tiny ice crystals high in the sky and has nothing at all to do with the rain.
Andrew G. Saffas, a Concord artist and photographer, saw the colorful arc at 3:51 p.m. on a beautiful day recently when a slight rain had fallen in the morning. He thought it was a rainbow, created by raindrops refracting sunlight the way glass prisms refract any bright beam of light.
Instead, what Saffas saw was what scientists call a circumzenithal arc, according to physicist Joe Jordan, a former NASA space scientist at the Ames Research Center in Mountain View, who is now director of the Sky Power Institute in Santa Cruz, which promotes solar power and other alternative fuels.
But then, that’s not news. I’ve been trying to get Joost working at home and was cursing it, but I was cursing the wrong party. Joost works fine at work. I can’t wait until Verizon finishes laying fibre on my street so I can get FIOS. Except Verizon hired the worst contractor imaginable to get the job done. They have been at it for more than two months on a street with fewer than 20 homes; they’ve managed to cut our cable and gas line and a neighbor’s electric line and they’re not nearly done. I’m about to go out with a shovel myself just so I can get rid of Cablevision sooner.At least Jarvis can look forward to fiber to the home, via Verizon. Locally, AT&T is content to spend money on advertising and resell us the copper lines we've paid for over and over and over.
The LAT's David Colker tells the story of how the last soap factory in town has managed to survive despite low-cost competition from China. It's clear that soap-making doesn't have a big future in Los Angeles, but the story also a tribute to the ingenuity that has allowed the company to find new markets and new operating methods.
Hoping to trim one of his biggest remaining expenses, electricity, he contacted the Department of Water and Power. "They told me if I could shut down by 1 p.m., they could give me a much better rate," Shugar said. He moved the plant's starting time back to 5 a.m. to meet the cutoff time, resulting in 40% savings.
One of his most valuable assets was his mechanical engineer, Cheng Lim, who came to Shugar from Jergens when that company closed its Burbank plant in 1992. Lim could have stayed with the giant company, based in Cincinnati, but "my wife did not want to go," he said. "Too cold there."
Lim adapted the Shugar production line for use by fewer employees.
First, let's agree that "media" is anything that people want to read, watch or listen to, amateur or professional. The difference between the "old" media and the "new" is that old media packages content and new media atomizes it. Old media is all about building businesses around content. New media is about the content, period. Old media is about platforms. New media is about individual people. (Note: "old" does not mean bad and "new" good--I do, after all, run a very nicely growing magazine/old media business.)
The problem with most of the companies Skrenta lists is that they were/are trying to be a "news aggregators". Just as one size of news doesn't fit all, one size of news aggregator doesn't either.
When he started, the Big Three completely controlled car sales in the United States. The only foreign company of any prominence was Volkswagen, and as Press recalled, Toyota’s modest sales were lumped with various tiny carmakers as “Other.” Still, soon after he arrived, Press realized he liked the company’s intimacy: he could meet face to face with top managers and exert some influence over marketing decisions. And he liked Toyota’s obsession with customer satisfaction. When he told me about his first trip to Japan, he seemed to be recounting a religious experience. “As a young person, you are searching for this level of comfort, you don’t know what it is, but you’re sort of uncomfortable,” he said. In Japan, as he put it, he found a home, a place where everything from the politeness of the people to the organization of the factories made sense. On that first trip, at a restaurant one evening, he tried a rich corn soup and asked the waitress for the recipe. She checked with the chef, who explained that there was no recipe; it had been handed down from his mother. The next morning, the waitress came to Press’s hotel room: she had found a cookbook with a recipe for the soup. Press, apparently, was still her customer. “That blew me away,” he said.Fascinating and timely.
It can be simplistic, and often a distortion, to accept a corporate executive as the personification of a corporation, especially one as large and varied as Toyota. Yet Press serves as an apt representative, and not merely because his career arc mirrors the company’s ascendancy. Like Toyota, he expresses himself in private with modesty and care, yet in public his speeches are bold, declarative and effervescent. In his office, he has an informal, relaxed presence and exhibits just a hint of an avuncular stoop; yet he loves to race cars and sometimes swims 5,000 meters a day. Press also has a fluency in the company’s arcane systems and history. Toyota is as much a philosophy as a business, a patchwork of traditions, apothegms and precepts that don’t translate easily into the American vernacular. Some have proved incisive (“Build quality into processes”) and some opaque (“Open the window. It’s a big world out there!”). Toyota’s overarching principle, Press told me, is “to enrich society through the building of cars and trucks.” This phrase should be cause for skepticism, especially coming from a company so adept at marketing and public relations. I lost count of how many times Toyota executives, during the course of my reporting, repeated it and how often I had to keep from recoiling at its hollow peculiarity. And yet, the catch phrase — to enrich and serve society — was not intended, at least originally, to function as a P.R. motto. Historically the idea has meant offering car customers reliability and mobility while investing profits in new plants, technologies and employees. It has also captured an obsessive obligation to build better cars, which reflects the Toyota belief in kaizen, or continuous improvement. Finally, the phrase carries with it the responsibility to plan for the long term — financially, technically, imaginatively. “The company thinks in years and decades,” Michael Robinet, a vice president at CSM Worldwide, a consulting firm that focuses on the global auto industry, told me. “They don’t think in months or quarters.”
I’ve already gushed about Bill Marquard’s business strategy book, WAL-SMART. In the book, this former Wal-Mart executive explains because of Wal-Mart’s unbridled success, this mega-retailer has forever changed the game of business from sourcing to distribution to pricing to inventory methods to merchandising. It’s now up to companies today (and tomorrow) to deal with doing business in the world that Wal-Mart has created and redefined.
Since Marquard spent time at Wal-Mart in the late 90s responsible for developing the company’s strategic planning processes, he has a very unique understanding of the company’s DNA. In the book, Marquard shares five key cultural underpinnings that make Wal-Mart the company it is. (Good stuff!)
It was like watching an era of sports history being erased. In early December, construction workers sawed through the multiple layers of drywall and metal studs separating a row of skyboxes at the Seattle Mariners' Safeco Field. They tore up the suites' beech-hardwood floors and carted away their oriental rugs and leather furniture. By the end of the week, the eight skyboxes were gone.
In a reversal that strikes at a cornerstone of pro-sports finances -- and of the way corporate America entertains -- teams around the country are ripping out luxury suites. These perches have been used to justify billions of dollars in stadium construction over the past two decades. But in many cities, they are losing luster with surprising speed, partly the result of factors that couldn't have predicted five or 10 years ago, from changes in tax laws to scandal-driven reforms on corporate entertaining.
"At GM, you can't even buy them a cup of coffee anymore," says Lin Cummins, the marketing chief at automotive supplier Arvin Meritor in Troy, Mich, which has let the leases expire for its suites in four different sports.
In a blog post today founder Pat Phelan says “Our allfreecalls provider in Iowa today took flight due to increasing pressure from a large USA based carrier. We are working on getting a new number up. We expect to be back in business on Monday afternoon.”
Dave Stark [450K PDF]:Regular readers of this newsletter will know that 2006 was, to put it mildly, a strange year in real estate. Despite continued record low interest rates and a relatively strong economic and employment picture, it’s well known that housing sales in South Central Wisconsin took a breather in the second half of the year.Dave Stark is a friend and long time customer.
What was particularly startling was how sudden and pronounced the change was from the first half of the year to the second. The good news is that, at least as of this writing, it appears that the recovery could be equally as sudden, and perhaps as dramatic.
For the year, sales of single family homes and condos were down roughly 8% in the area covered by the full South Central Multiple Listing Service. However, for the first 6 months of the year, sales were basically flat, down about 1%. For the second 6 months, sales were down 14.5%. In Dane County, the slowdown was even more dramatic; sales were down 4.7% in the first half of the year, but down 19.2% in the second half. For the year, Dane County was off roughly 12%. In Sauk and Columbia Counties, sales were actually up almost 4% in the first half of the year, but down almost 10% in the second half, and off about 3% for the year overall.
The question this all begs is: Why did this happen? And, perhaps more important: When will things turn back up?
When I added FilmLoop to the TechCrunch DeadPool last month based on rumors of mass layoffs, it was clear there was more to the story. The thirty person company had raised $11.5 million in capital and by any calculation should have still had at least $3 - $5 million left in the bank. They were trailing Slide, RockYou and Photobucket in their market, but had just launched a completely new platform that was getting good reviews. FilmLoop wasn’t dominating the market, but they were not on the ropes, either.
These issues pale in comparison to one problem that could make or break Toyota’s North American operations: their relationship with their hourly workers. In a confidential memo that accidentally ended up in workers’ hands, Seiichi Sudo, president of Engineering and Manufacturing in North America, discussed the cost of American labor and the steps they need to take to control those costs.Ed Wallace on the upcoming truck wars.
The memo, which was inadvertently stored on a shared computer drive, states the US auto industry pays some of the highest manufacturing wages in the world. It compares American wages to those in France and Japan (50 percent higher) and Mexico (500 percent higher). They project their American labor costs will increase by $900m over the next four years.
Well in 1962 I learned from Ben Graham how to assess businesses. He also had the cigar butt analogy for buying businesses...you can usually get one good puff out of it and it’s free. Berkshire made a lot of money after WWII (more than Pfizer and Merck) and then it steadily went downhill. Between 1955 and 1965 Berkshire went from 12 mills to 2 mills and they bought their own stock as mills closed. We bought 100,000 shares out of 1 million in 1962 at $7 3/8 and the company had $10-11/share in working capital...I knew I wouldn’t lose money because of the working capital. It was losing money but it was also liquefying assets by closing mills. Seabury Stanton was running Berkshire at the time and I went to go visit him. We had an agreement that Berkshire would tender $11-1/2 for my shares of the company. At this point, I could not buy any stock as I had inside information. A few weeks later I received a letter from Old Colony Trust containing a tender offer of $11-3/8. Early the following week, Seabury tendered the stock at 11 3/8. As result, I began buying more Berkshire. Other family members of Seabury Stanton sold their shares to me and I gained controlling interest in the company. The family members weren’t very happy with Seabury either really. We ran the mills until 1985. .
But it turns out that there was a lot more to the story. Google leaned hard on North Carolina lawmakers and officials, not just to get the fattest deal possible but to choke off the flow of information along the way.Barry Orton keeps up with AT&T's Wisconsin Lobbying.
According to documents obtained by The News & Observer of Raleigh, the company went beyond reasonable expectations of confidentiality to demand absolute secrecy while negotiations were under way, even asking participants to sign nondisclosure agreements; some legislators and local officials did so, but Department of Commerce officials did not. Google executive Rhett Weiss badgered Commerce Secretary Jim Fain about the state's adherence to process, complaining, for example, when lawmakers wanted an estimate of the cost to North Carolina in lost tax revenue, and threatening to kill the whole thing if Google didn't get its way.
Businesses need some measure of confidentiality when putting together this kind of transaction. Fair enough. But this is the people's business, and Google's high-handedness is an affront to the people of this state.
And then there's that whole "Don't be evil" thing. Google spokesman Barry Schnitt told me that the company's negotiations with the state were "very standard." If that's the case, and this is standard operating procedure for the company, then something has gone wrong in Silicon Valley.
Ryan peddled the cards until he got the camera. Forty-nine years later, the big picture hasn't changed much. He's still fighting and selling relentlessly.
"You've got to sell," he said, "because a lot of times you're a perfect stranger trying to convince somebody to do something they might not want to do. If I wasn't a coach, I'd probably be a salesman. I've got to have that competition."
Now Ryan sells Badger basketball - to recruits, to his players, to boosters, to the media, to the nation. With that slick exterior abetted by street smarts, he has transformed Wisconsin, once an off-the-rack program, into one of the hottest items on college basketball's shelf.
The 7th Circuit Court of Appeals ruled last week that police can place a GPS tracking unit on a suspect's car without obtaining a search warrant. In US v Garcia (2007 U.S. App. LEXIS 2272), decided Feb. 2, Judge Richard Posner found that such a device was a mere "augmentation" of police officers' natural ability to follow a car.
In the Garcia case, an information alerted police that Garcia used meth with her, said he intended to resume producing meth, and was taped on a security camera buying chemicals to make meth. The police found his car and attached a GPS tracking device. When they retrieved the device, they discovered that he had visited a large tract of land. They obtained consent from the owner to search the land and found a meth lab. As they were searching, Garcia drove up. They searched his car and found additional evidence against him.
This winter's edition of the Wisconsin Renewable Quarterly, now posted online, includes the following articles:
RENEW and Clean Wisconsin Defend Wind Power Project;
We Energies Cops National Honors;
Don Wichert: RENEW Founder and Tireless Advocate;
How I Fell in Love with My Solar Dryer;
PSC Approves WE Wind Project;
Doyle Sets Plans to Expand Renewables.
The Missouri Senate is considering one of the best-written pieces of legislation to come before it in some time: Senate Bill 284, the Missouri Video Franchise Bill. It should be a good bill, considering how much money AT&T spent to write it.The video franchise bill has something in it for every large telecommunications company: reducing public oversight, eliminating local control, cherry-picking high-profit customers and protection from prying public auditors. It would be wonderful - if it weren’t such a complete betrayal of the public trust.
SB 284’s most important feature is to strip local government of its authority to regulate companies that offer video services. Right now, local cable television companies receive their licenses to operate from the municipalities they serve. Cable TV companies get to use a city’s rights of way for running their lines. In return, local municipalities receive a franchise fee and are provided a few channels for local citizens and government to use, so-called PEG - for public, education and government access - channels. Until now, this arrangement seemed like a reasonable exchange for the huge benefit of accessing city rights of way.
With this background, let’s now explore three different alternatives for the future.I hope the Hollywood types listen. Music should be very inexpensive ($0.05/track) and widely, widely used.
The first alternative is to continue on the current course, with each manufacturer competing freely with their own “top to bottom” proprietary systems for selling, playing and protecting music. It is a very competitive market, with major global companies making large investments to develop new music players and online music stores. Apple, Microsoft and Sony all compete with proprietary systems. Music purchased from Microsoft’s Zune store will only play on Zune players; music purchased from Sony’s Connect store will only play on Sony’s players; and music purchased from Apple’s iTunes store will only play on iPods. This is the current state of affairs in the industry, and customers are being well served with a continuing stream of innovative products and a wide variety of choices.
Some have argued that once a consumer purchases a body of music from one of the proprietary music stores, they are forever locked into only using music players from that one company. Or, if they buy a specific player, they are locked into buying music only from that company’s music store. Is this true? Let’s look at the data for iPods and the iTunes store - they are the industry’s most popular products and we have accurate data for them. Through the end of 2006, customers purchased a total of 90 million iPods and 2 billion songs from the iTunes store. On average, that’s 22 songs purchased from the iTunes store for each iPod ever sold.
Ricoh and Adobe are offering users the ability to manage risk at the point-of-capture. Paper documents are scanned at the Ricoh MFP where the security policy is applied. To ensure the information remains safe, the security policy remains with the document through its lifetime, whether it is transferred inside or outside the corporate firewall.Wow. The Soviets denied ordinary citizens access to duplicating and copy machines....
In January of 2007, I travelled to Antarctica (specifically, the tip of the Antarctica Peninsula and environs) with my wife and stepfather.
This page is intended to offer a few stills, some movies and a thought or two on the experience. Nothing heavy, I assure you.
It is not my habit to promote my latest vacation. Antarctica is so extraordinary, and the tools for recording memories are (nowadays) so capable that I decided to "give it a go".
Those who skied Kirkwood 20 or more years ago found a typical day lodge with a cafeteria and slow lifts. It was the mountain people came for. They still come for it, only now they don't have to make the 40-mile trek into South Lake Tahoe to spend the night.I was one of those people who skied Kirkwood years ago. A Squaw Valley ski visit always included Jaguars and Mercedes-Benz (Oh Lord, Won't you buy me a Mercedes-Benz), while a fun outing to Kirkwood found the Jeep / 4-Runner crowd enjoying the mountain. It is nice to stay on the mountain, but miles of condos in the valley certainly changes the alpine views.
Off Highway 88 where Alpine, Amador and El Dorado counties meet, the Kirkwood Valley is growing up. Whether it grows with grace will be decided in the next few years.
Even with all the hammering and sawing, Kirkwood remains laid-back -- and growth has come relatively slowly. Ten years ago, the first phase of the village opened with 19 condominiums. The resort installed its first high-speed quad chairlift in 2001, with its second in operation last ski season. Dining choices are still sparse, but more diverse. Pretentiousness is unheard of. The 2000 Census tallies Kirkwood's population at 96 and Tim Cohee, president of Kirkwood Mountain Realty, says full-time residents still number fewer than 100.
TiVo revealed the other day that it's offering TV networks and ad agencies a chance to receive second-by- second data about which programs the company's 4.5 million subscribers are watching and, more importantly, which commercials people are skipping.
This raises a pair of troubling questions: Is TiVo, which revolutionized TV viewing with its digital video recording technology, now watching what people watch? And is it selling that sensitive info to advertisers and others?
The answers, apparently, are no and no.
"I promise with my hand on a Bible that your data is not being archived and sold," said Todd Juenger, TiVo's vice president and general manager of audience research and measurement.
Blind men and women have been the motor of modern history and the source of endless misery and destruction. Aspiring leaders of great powers can neither understand nor admit the fact that their strategies are extremely dangerous because statecraft by its very nature always calculates the ability of a nation's military and economic resources to overcome whatever challenges it confronts. To reject such traditional reasoning, and to question the value of conventional wisdom and react to international crises realistically on the basis of past failures would make them unsuited to command. The result is that politicians succeed in terms of their personal careers, states make monumental errors, and people suffer. The great nations of Europe and Japan put such illusions into practice repeatedly before 1945.
At the beginning of the 21st century only the U.S. has the will to maintain a global foreign policy and to intervene everywhere it believes necessary. Today and in the near future, America will make the decisions that will lead to war or peace, and the fate of much of the world is largely in its hands. It thinks it possesses the arms and a spectrum of military strategies all predicated on a triumphant activist role for itself. It believes that its economy can afford interventionism, and that the American public will support whatever actions necessary to set the affairs of some country or region on the political path it deems essential. This grandiose ambition is bipartisan and, details notwithstanding, both parties have always shared a consensus on it.
The Senate is teeming with courageous souls these days, most of them Republicans who have taken that brave step of following the opinion polls and abandoning their president in a time of war. Meanwhile, one of the few senators showing some backbone in the Iraq debate is being shunned as the skunk at the war critics' party.
Sen. Russ Feingold held a hearing this week on Congress's constitutional power to shut off funds for the Iraq war, and followed it up a day later with legislation that would do just that. The Wisconsin pacifist might not understand the importance of winning in Iraq--or the cost of losing--but at least there's an element of principle to his actions. He's opposed the war from the start and his proposal to cut off money after six months would certainly end it. It also happens to be Congress's one legitimate means of stopping a war.
Mr. Feingold's reward for honesty was to preside over what might have been the least-attended hearing so far in the Iraq debate. And those of his Senate colleagues who did bother to show up looked like they couldn't wait to hit an exit door. "If Congress doesn't stop this war, it's not because it doesn't have the power. It's because it doesn't have the will," declared Mr. Feingold. Ted Kennedy--one of two Democrats who put in an appearance--could be seen shifting uncomfortably in his seat.
That's because Sen. Feingold is coming uncomfortably close to unmasking the political charade playing on the Senate stage. Critics of President Bush want an unhappy public to see them taking action on the war.
Following the success of 2005’s A Moon for the Misbegotten, Artistic Director Richard Corley returns to America’s greatest playwright. Winner of the 1922 Pulitzer Prize, Anna Christie is the tale of a mid-western girl who loses and finds her way amid New York’s waterfront bars and barges, and the two men who fight for her body and soul. One of the finest female roles ever written, Anna Christie has been played by actresses as diverse as Greta Garbo, Natasha Richardson, Liv Ullman, and Celeste Holm.We enjoyed the Rep's production of Annie Christie. I'm always amazed at how well the actors adopt their character's language, in this case Swedish and Irish influenced English. Carrie Coon, Lea Coco and Craig Spidle were great. Go.
America's "love affair with the automobile" is being transformed -- but not broken up -- by forces that are redrawing the global gasoline and oil market, including higher gasoline prices, tightening environmental requirements, changing demographics, growing world oil demand and expanding fuel options, according to the new 2007 edition of Gasoline and the American People, by Cambridge Energy Research Associates (CERA).Media coverage.
Americans have been driving further -- 40% more than 25 years ago -- and using more gasoline in bigger, more powerful cars and other light duty vehicles. But higher gasoline prices have had a significant impact. The rate of growth in gasoline demand slowed sharply from its 1.6% per year pace (1990-2004) to 0.3% in 2005, and continued to grow slowly in 2006, at 1.0%. And for the first time in 25 years, motorists' average mileage went down. Overall, though, according to the CERA report, improved automotive efficiencies and one of the lowest fuel tax rates among Western countries have kept gasoline and oil's share of average U.S. household budgets at 3.8% in 2006, slightly above the 1960s' 3.4% to 3.6% level despite rising world oil prices.
