Oil at record $70 a barrel; may rise more

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl eventThe nationwide average for regular unleaded is now $2.78 per gallon, or 55 cents higher than last year, according to the Energy Department. Despite the high price of motor fuel, demand continues to rise, albeit at a slower rate. Still, economists say the country’s financial engine remains strong, in large part because consumer spending, which accounts for two-thirds of total economic growth, has so far remained strong. Low interest rates have helped, by making it easy to borrow money. But, experts said there is another important reason why the high price of energy has not devastated the economy: On an inflation-adjusted basis, oil prices would have to rise above $90 to exceed the all-time highs set a quarter century ago when supplies became tight in the aftermath of a revolution in Iran and a war between Iraq and Iran. In 2005 dollars, the average price of crude in 1980 was just under $77 a barrel. Even that is somewhat misleading, though, because the economy is much more energy-efficient these days, analysts said. On Monday, light sweet crude for May delivery settled at $70.40 a barrel on the New York Mercantile Exchange, an increase of $1.08. It was the highest closing price since Aug. 30, when oil prices briefly climbed to $70.85, before settling at $69.81. WASHINGTON – Oil prices settled at a record high above $70 a barrel Monday, rising more than $1 on concerns about supply disruptions in Nigeria and diplomatic tensions between the West and Iran over Tehran’s nuclear ambitions. So long as these and other geopolitical issues persist, analysts said, it will be difficult for prices to fall too far – unless there is a significant drop-off in demand, which has not materialized. In the short term, oil prices could climb above $75, they said. “Where the top is is pretty hard to say at this point,” said New York-based oil broker Tom Bentz. Crude futures first surpassed $70 a barrel in late August in the immediate aftermath of Hurricane Katrina. The storm tore a wide path of destruction across the U.S. Gulf Coast’s oil drilling and refining industry, and caused prices at the pump to surge past $3 a gallon. More than 300,000 barrels a day of Gulf of Mexico output remains shut because of hurricane-related damage. The gasoline market was also delivered a jolt Monday, with Nymex gasoline futures jumping 6.18 cents to settle at $2.1697 a gallon – the highest level since late September. ABN Amro broker Lee Fader said the trigger for Monday’s rally was “heightened fear about military action” against Iran, which has said it would go ahead with plans to enrich uranium, defying the United States, Europe and United Nations nuclear experts. Iran says its nuclear ambitions are peaceful, but the West fears that the country is intent on arming itself with nuclear weapons. “If somehow this got resolved diplomatically,” Fader said, “that would definitely take a few dollars off” the price of crude oil. The market was also driven by the disruption of crude supplies in Nigeria, where more than half a million barrels a day of crude production capacity is being blocked due to militant violence.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

TRAGIC BOSTON HIT-AND-RUN VICTIM LAID TO REST IN DONEGAL

first_imgTragic Eoin McGrory was laid to rest in Donegal.The devastated family of a man killed in a hit and run incident in Boston has been buried in Co Donegal. Family and friends gathered on Sunday to wake Derry man Eoin McGrory whose remains had been brought home from Boston accompanied by his grief stricken bride of just four months.Shanique McGrory made the journey back to her husband’s native city accompanied by her daughter Monique and Eoin’s heartbroken mother Teresa. On Sunday mass was said at Our Lady of Lourdes in Steelstown, Derry for the young step father of one who touched so many hearts.His body was interned in Cockhill cemetery in Buncrana.In the days leading up to his funeral wife Shanique spoke of her determination to achieve justice for the man she says she will love for the rest of her life.Still reeling from the shock of his death she dismissed driver Ricky Prezioso’s claims that he is innocent and that he believed he had hit a pothole on the day of her husbands death. Keen cyclist Eoin, who is originally form the Shantallow area of Derry, died at the scene last Thursday after he was hit by a garbage truck driven by 41-year-old Prezioso in Charlestown, Boston.The father of one has been charged with leaving the scene after causing the death of the recently married Irish man.Eoin was the youngest of six children and had been living in America for the past 15 years.His family had been planning to visit him when they received news of his death.Grieving mum Teresa McGrory said: “We got the news from Boston early on Saturday morning. It was a terrible shock altogether. We didn’t expect anything like that at all. “The last time he was home was around seven years ago. I was thinking of going out there this year. He loved the bike and was always out cycling. He just died at the scene. It’s just awful.Eoin’s brother Phil paid tribute to his little brother.“He was bubbly and funny. He’s my wee brother. There’s only 13 months between us. He just got married before Christmas. He was happy and content,” he revealed.TRAGIC BOSTON HIT-AND-RUN VICTIM LAID TO REST IN DONEGAL was last modified: April 15th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:CockhilldonegalEoin McGrorylast_img read more

10 months agoWatford boss Gracia: Doucoure? The owners must decide

first_imgWatford boss Gracia: Doucoure? The owners must decideby Paul Vegas10 months agoSend to a friendShare the loveWatford boss Javi Gracia retains hope of keeping hold of Abdoulaye Doucoure.The French midfielder is being linked with PSG as a replacement for wantaway playmaker Adrien Rabiot.Gracia told Sky Sports: “Last season, every week we talked about Liverpool or Everton, all the clubs that were interested in him. We can still talk about it. For me, Doucouré is a great player, a very important player for us. “I do not know what will happen. It does not surprise me that other clubs want to sign him because he is a very good player.”He added: “It’s important for the club and the owner to know how important he is to us. But after that, they will choose what is best for the club. Sometimes, some players, like last season with Richarlison, decide themselves. It could happen again. We do not want him to leave, but it’s football.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

6 Members Of UNLV’s 1990 Title Team Got Matching “R.I.P. Coach Tark” Tattoos

first_imgNCAA basketballs sitting in a ball rack on the court.SUNRISE, FL – DECEMBER 21: NCAA basketballs in a rack on the court during the shoot-around proipr to the game between the Florida Gators and the Fresno State Bulldogs during the MetroPCS Orange Bowl Basketball Classic on December 21, 2013 at the BB&T Center in Sunrise, Florida. Florida defeated Fresno State 66-49. (Photo by Joel Auerbach/Getty Images)The 1990 UNLV basketball team, which defeated Duke by 30 points in the NCAA title game to win its only national championship, was one of the most tightly-knit squads in the sport’s history. And while 25 years may have passed since the team accomplished the feat, it’s clear that they’re still as close as ever.Earlier this week, former Runnin’ Rebels head coach Jerry Tarkanian passed away at the age of 84. To pay homage to their former coach, six former UNLV players – Larry Johnson, Stacey Augmon, James Jones, Anderson Hunt, Mo Scurry and Chris Jeter – got matching tattoos celebrating his life and their 1990 squad.Johnson and Augmon documented the entire process on Twitter early Wednesday morning.Rip coach Tark LJ Ice Hunt Nice Jeter Mo Scurry pic.twitter.com/4U3cekWNYc— Larry Johnson (@TheRealLJ2) February 18, 2015This is how we remember Coach Tark pic.twitter.com/y3UESuDDcH— Larry Johnson (@TheRealLJ2) February 18, 2015Roommate first, Ice pic.twitter.com/aw7moxPLTX— Larry Johnson (@TheRealLJ2) February 18, 2015MVP Hunt Nice pic.twitter.com/wckyWkplw1— Larry Johnson (@TheRealLJ2) February 18, 2015It’s on me now. pic.twitter.com/k9k0wKSv5m— Larry Johnson (@TheRealLJ2) February 18, 2015James jones pic.twitter.com/tCh9XmWsRu— realstaceyaugmon (@staceyaugmon) February 18, 2015Chris jeter pic.twitter.com/XxY995GuB3— realstaceyaugmon (@staceyaugmon) February 18, 2015Anderson hunt. MVP pic.twitter.com/TGaJkKEq5v— realstaceyaugmon (@staceyaugmon) February 18, 2015Mo scurry pic.twitter.com/Oc3JNdQOvF— realstaceyaugmon (@staceyaugmon) February 18, 2015RIP COACH TARK pic.twitter.com/QyetgoAQFy— realstaceyaugmon (@staceyaugmon) February 18, 2015Very cool. We’ll see if any other members of the team follow suit.last_img read more

No person excluded from NRC to be detained till all legal remedies

first_imgNew Delhi: The Centre on Monday said no person excluded from the final NRC list will be detained till he or she exhausts all legal remedies. In a statement, the Ministry of Home Affairs (MHA) also said the Assam government has made necessary arrangements to provide legal aid to the needy amongst those excluded from the final National Register of Citizens (NRC) through the district legal services authorities. “Persons left out of final NRC not to be detained under any circumstance till they exhaust all remedies available under law,” the statement said. Also Read – India gets first tranche of Swiss bank a/c details It added that such persons will continue to enjoy all rights as earlier, like any other citizen, e.g. right to employment, education and property, etc. The MHA said adequate judicial process is available for the people left out to appeal to the Foreigners’ Tribunals (FTs) within 120 days from August 31, when the final NRC was published. To facilitate the appeals, 200 new FTs will be functional from Monday, in addition to 100 already existing, it said. Also Read – Tourists to be allowed in J&K from Thursday According to the final NRC released on Saturday, out of the total 3.3 crore applicants, 3.11 crore figured in the list and names of about 19 lakh residents were excluded. Assam Chief Minister Sarbananda Sonowal had said last week the exclusion of someone’s name from the final NRC does not amount to the person automatically becoming a foreigner as such a decision can be taken only by a foreigners’ tribunal after following proper legal process. “No one should be worried. No one should panic. Government is here to take care of everyone. Even those who will be excluded from the final list will get enough opportunity to prove their Indian citizenship,” he had said.last_img read more

Gallery OSU vs Nebraska

Former OSU quarterback Cardale Jones chats with Cleveland Indians’ outfielder Michael Brantley and pitcher Josh Tomlin before the start of the Buckeyes game against Nebraska on Nov. 5. Credit: Alexa Mavrogianis | Photo Editor The Ohio State Buckeyes took on the Nebraska Cornhuskers in a Big 10 match-up on Nov. 5. The Buckeyes came away with a 62-3 win.

And then there was 1 Buckeyes only undefeated mens basketball team

In 2002, it took Ohio State football coach Jim Tressel 14 games to complete his only undefeated season at the school. OSU basketball coach Thad Matta has kept his team undefeated through its first 22 games this season, and is now finding himself jealous of the length of his football counterpart’s season. “Coach Tressel and I were texting, I don’t know, a week or so ago,” Matta said. “I said, ‘Be thankful you only have 13 of these as opposed to them coming at you like this.’” With their 22-0 record, Matta’s Buckeyes are the only undefeated team remaining in college basketball this season, an accomplishment that was reflected in Monday’s polls — OSU was a unanimous first-place selection in both The Associated Press’ Top 25 and the ESPN/USA Today Coaches’ Poll. Though the Buckeyes still have half of their conference schedule ahead of them, as well as the Big Ten and NCAA tournaments, Matta said remaining undefeated at this point in the season is an accomplishment in and of itself. “We’re the only team that’s still undefeated,” Matta said. “It’s such a long season, and I think that’s one of the great challenges.” OSU junior guard William Buford agreed with Matta that remaining unbeaten can be viewed as an achievement, as well as a vindication for preparation both before and during the season. “It’s kind of amazing,” Buford said. “It lets us know that all the hard work has paid off.” Buford said the key to the Buckeyes’ undefeated streak has been ignoring the big picture, and focusing on each task at hand. “We just take one game at a time,” he said. “We try to get better and better, day by day.” Matta said the Buckeyes have remained so focused on each step ahead of them that he doesn’t think they know how many games they’ve won this season. As for the team knowing how many losses they have — that’s a different story. “They do know that; I know that for sure,” Matta said. “I mean, you have six freshmen who have never lost a college game.” One of those freshmen is forward Deshaun Thomas, who said he doesn’t get as excited after a win as he did earlier in the season. “I used to get all hyped ’cause I was a freshman, but now it’s just on to the next one,” Thomas said. “It’s not over; we still got a long season.” The second half of the Big Ten schedule isn’t likely to be any easier than the first was for the Buckeyes. They still have road games against ranked Purdue, Wisconsin and Minnesota, as well as a home game against Illinois, which led OSU by as many as eight points in the second half of their Jan. 22 matchup. Matta said he knows it’s going to take the Buckeyes’ best effort each night for them to remain undefeated. “I think our guys understand now that this is for real,” Matta said. “On any given night, if we don’t play well, we’re not going to like the outcome.” OSU will look to advance to 23-0 on Thursday when it hosts Michigan, which the Buckeyes beat, 68-64, on Jan. 12 in Ann Arbor, Mich. Tipoff is set for 7 p.m. read more

Hierro denied to criticize De Gea

first_imgDavid De Gea made a horrendous mistake ahead of Portugal’s second goal of the game but Fernando Hierro didn’t want to criticize him as the whole team lose and win together.The new coach of the national team added that he was happy that his team never stopped fighting even though the circumstances weren’t good at times but they showed a great character and managed to fight back.Hierro spoke about his side’s performance and De Gea’s error as he said, according to Daily Star:“He’s one of us, we do not leave anyone behind.”David Villa, SpainQuiz: How much do you know about David Villa? Boro Tanchev – September 14, 2019 Time to test your knowledge about Spanish legendary forward David Villa.“We have put ourselves two times ahead and what Cristiano has done is to be expected.”“We have taken an important step, we have overcome adversity, the team has fought.”“We have not stopped believing and that is the important thing with all the circumstances.”“Diego was very good, he trains well and the team has been good in general.”last_img read more

Lazio owner talks about how the club has grown

first_imgSince taking charge of the Italian Lega Serie A club Lazio, owner Claudio Lotito has seen his team grow61-year-old Claudio Lotito took charge of Italian Lega Serie A club Lazio in 2004.Since then, he has seen his team grown into a better club.“Lazio achieved certain objectives that in the past were beyond hope,” the owner and president of Lazio told Football Italia.“Compared to the state of the club when I took over, now it has confidence that it is self-sustainable, is projected towards growth of the youth academy, where it has the highest ranking in Italy and is running the club in a virtuous manner.”Fonseca hints Smalling could debut tomorrow Manuel R. Medina – August 31, 2019 AS Roma manager Paulo Fonseca has hinted Chris Smalling could debut in tomorrow’s Derby Della Capitale between his team and Lazio.“This year, we took five players from the youth academy into the first team. We are the only side that focused on developing its own young players and will soon be able not only to face off with anyone but also have the solid foundations to make its mark on the international scene,” he added.“This all allows the club to become a reference point for others. The objective for Lazio is to get satisfying results for its fans that are also in line with the resources at its disposal.”“The fans are the essence of the system and without them, there would be no sport. It is also true that the fans must support their team while respecting the rules, not trying to replace the club owners, otherwise, there is confusion of roles. They can criticise constructively where views are not shared,” he commented.“We are turning Lazio into a model club in terms of results in line with resources. Football now is no longer about a patron who pours money in, but rather the ability to create new revenue and compatible choices with the resources available.”last_img read more