Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 2, 2008 10:29:09 PM CST

Learn about Newser Points »

supply and demand

supply and demand news stories

5 Stories

 Taliban Stockpiles
 Surplus Opium 

This year's crop was double global demand

New York Times New York Times Nov 28, 08 11:05 AM CST
(Newser) - The Taliban is stockpiling opium in Afghanistan, where high yields in recent years have led to a surplus, the UN drug office says. Poppy cultivation is less widespread than it once was, but the high yield offsets the contraction—and allowed the Taliban to make $300 million off opium last year, the New York Times reports. "With two to three hundred million dollars, a lot of war effort can be funded," said the UN official. More »

More about:  Afghanistan • Taliban • opium • poppies • drug trade • supply and demand • surplus

Home Builders Want Federal Bailout, Too

But critics warn adding to housing supply will only make things worse

Wall Street Journal Wall Street Journal Nov 24, 08 12:37 PM CST
(Newser) - Home builders, undeterred by the automakers’ troubles in securing federal aid, are campaigning for a $250 billion stimulus of their own, the Wall Street Journal reports. Saying that the economy can't recover until home prices stop tanking, the builders propose a plan, called “Fix Housing First,” where the feds would underwrite some percentage of new-home costs through tax credits and subsidies. More »

More about:  Financial Crisis • Congress • bailout • housing crisis • supply and demand • homebuilders • National Association of Homebuilders

ANALYSIS

 As Food Prices Rise,
 Lobster Treads Water

In Maine at least, local economies dodge the perils of globalization

Slate Slate Aug 20, 08 12:43 PM CDT
(Newser) - As global demand drives food prices to new highs, there’s one high-end food item whose price is in decline, Daniel Gross points out in Slate: lobster. In Portland, Maine, a pound of lobster costs slightly more than a gallon of gasoline, a ratio that historically was more like 4-to-1. And the prices get even lower farther upstate. More »

More about:  food prices • food industry • speculation • supply and demand • lobster • global food crisis

 OPEC May Boost
 Oil Output to
 Ease Prices 

Cartel may meet early and backpedal on current policy

New York Times New York Times May 9, 08 7:39 PM CDT
(Newser) - As crude hit $125 a barrel today, one OPEC member said the cartel may boost oil production to relieve prices, the New York Times reports. The move would conflict with OPEC's public stand that speculators, not oil supplies, have been keeping prices high. “We would consider among other options the possibility of increasing output as a way to ensure market stability,” Libya's top oil official said. More »

More about:  gas prices • oil price • Saudi Arabia • OPEC • Libya • investment • oil production • speculation • supply and demand

UPDATED

Oil Hits $104; OPEC Won't Budge

Cartel president blames 'mismanagement' of US economy for rising prices

Wall Street Journal Wall Street Journal Mar 5, 08 3:57 PM CST
(Newser) - Crude oil rose to a record $104.52 a barrel today after OPEC decided to hold production steady. “The oil market is currently stable,” said Saudi Arabia’s oil minister. “There is no need to increase even one barrel of oil.” The cartel blamed sky-high prices on “tremendous speculation,” the Wall Street Journal reports. Oil futures were up $5 on the day. More »

More about:  US economy • recession • oil price • oil • Saudi Arabia • OPEC • oil supply • commodities exchange • supply and demand

5 Stories

Today's Most Popular

Loading...

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »