Racing between OPEC meetings in Vienna, Saudi Arabia’s powerful oil minister Ali Al-Naimi told a reporter that the cartel was “determined” to keep the price of oil at around $25 a barrel, rather than risk a slump in the market by boosting its production. Wait a minute. $25 Al-Naimi said that in April 2003 — less than five years ago — when a barrel of oil cost one-quarter of this week’s whopping $100, and when prices were regarded as high enough to keep oil-rich countries happy
Tag Archives: racing
Barcelona reserves are beaten by Osasuna
Barcelona coach Pep Guardiola paid the price for fielding a team of reserves as his Primera Liga champions suffered a shock 1-0 home defeat to Osasuna on Saturday night. With one eye firmly on Wednesday’s Champions League final, Walter Pandiani’s goal proved enough for relegation-threatened Osasuna to pick up a crucial three points — although they remain in the relegation zone with just one match remaining
Excerpt: Betting my last dollar on a horse
I was thirty-seven years old. (In 1971). I had no job.
120 degrees + 150 miles – toilet = fun
Let’s just say it. The whole thing sounds insane. For six days, people from across the world — accountants, school teachers, farmers, CEOs — will run 150 miles, the equivalent of five consecutive marathons, across one of southern Africa’s most remote landscapes.
Real Madrid defeat hands Barcelona title
Barcelona were crowned Spanish champions for the first time since 2006 after Real Madrid were beaten 3-2 at Villarreal on Saturday night. Madrid twice came from behind to draw level, but goalkeeper Iker Casillas’ error in stoppage time gifted Villarreal the victory which leaves Juande Ramos’ side eight points behind Barca with just two games left
McLaren handed suspended three-race ban
World champion Lewis Hamilton and his McLaren team have escaped with a suspended three-race ban for "deliverately misleading" stewards at the Australian Grand Prix.
Vettel gives Red Bull first F1 win in China
German Sebastian Vettel won a rain-hit Chinese Grand Prix in Shanghai from Australian team-mate Mark Webber as Red Bull Racing claimed a one-two finish to record their first Formula One triumph.
Armstrong will be OK for Tour says Bruyneel
Lance Armstrong’s Tour de France hopes have not been affected by the fractured collarbone he sustained in the Vuelta Castilla y Leon on Monday, according to Astana team manager Johan Bruyneel.