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Old 2009-08-22, 12:09   Link #2252
LynnieS
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Join Date: Mar 2003
Location: China
Quote:
Originally Posted by Xellos-_^ View Post
most middle east countries have enough money in the bank that even if you reduce oil price back down to $20 a barrel (still need it for plastic). Countries that depend completely depend on oil like Nigeria and Venezuela would be completely screw through.

Won't be soon enough but i love to see how chavez finance his revolution with $20/barrel of oil.
Current versions of jet fuel with bio matter added use 20-50% of the stuff, so those kinds would primarily extend the supply of petroleum. Price may drop, but shouldn't be too bad. This new process seems to replace petroleum altogether, and may be able to be extended - although the article does not say one way or another.

Certainly for Saudi Arabia at least, the petroleum industry contributes about 45% to its economy, and if memory serves, most of the workers in the industry there are foreigners. There had been subsidies made by the Kingdom for barley, water, electricity and etc. in the past, which may/may not have been extended. If you lose income, foreign workers will either leave or be forced out, fewer subsidies can be afforded, and (possibly) more unrest. Not many countries do a particularly good job, IMHO, in managing their oil-generated cash for the future, so there is definitely a chance for problems there.

Lindsay Lohan goes loco in Manhattan after her phone was not returned

Quote:
It's hard to say what upset Lindsay Lohan more - that a Manhattan deli worker wouldn't surrender her phone or that he didn't know who she was.

The "Mean Girls" actress cursed out counterman Mohammed Hashan and called the cops when he dared to demand proof she was the owner of a left-behind BlackBerry, he said.
Tough times in the porn industry

Quote:
The adult entertainment business, centered in the San Fernando Valley, has weathered several recessions since it took off with the advent of home video in the 1980s. But this time the industry is not dealing with just a weakened economy. A growing abundance of free content on the Internet is undercutting consumers' willingness to pay for porn, and with it the ability of many workers to earn a living in the business.

For Stern, 23, the rapid decline of job opportunities in the porn business over the last year has been dramatic. She has gone from working four or five days a week to one and now has employers pressuring her to do male-female sex scenes for $700, a 30% discount from the $1,000 fee that used to be the industry standard.
Who said that "porn" is the one industry that would always... go up?
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