Oil Prices Expected To Remain Stable:
The price for a barrel of crude has remained within the $70 to $83 range for some months now, and experts expect the price to hold for the short term future. Gasoline prices will climb to $3 per gallon during the summer months in the U.S. (See Clifford Krauss's article in today's New York Times.)
Expectations are that these figures are high enough to maintain exploration and continued conservation methods, while remaining affordable for consumers. In the meantime, natural gas prices remain relatively low.
What! I can no longer own a patent on your genes?!!
Stock prices plunged yesterday in the wake of a court decision that determined speculators could no longer claim ownership of nature's creation. Thousands of genes, produced by nature, not artificially, have been patented, allowing some companies to rake in massive profits while patients who couldn't afford medication died. That's free enterprise, right?
Judge Robert W. Sweet rejected the rights of patent holders on two genes yesterday in what should be a landmark decision. Patent holders claim they have invested millions of dollars into research and ought to be rewarded for their efforts, but plaintiffs in the case claimed the companies were reaping massive profits while holding patients hostage and at the same time arguing that nature created genes, not entrepreneurs. (See The New York Times' article.)
Drill, Baby, Drill!
President Obama announced an expansion of off-shore drilling that could include exploration off the Virginia shore, but, relax, there are still no plans to drill in Alaska's Bristol Bay, so, Sarah, you can still complain. (See the Washington Post story.)
The price for a barrel of crude has remained within the $70 to $83 range for some months now, and experts expect the price to hold for the short term future. Gasoline prices will climb to $3 per gallon during the summer months in the U.S. (See Clifford Krauss's article in today's New York Times.)
Expectations are that these figures are high enough to maintain exploration and continued conservation methods, while remaining affordable for consumers. In the meantime, natural gas prices remain relatively low.
What! I can no longer own a patent on your genes?!!
Stock prices plunged yesterday in the wake of a court decision that determined speculators could no longer claim ownership of nature's creation. Thousands of genes, produced by nature, not artificially, have been patented, allowing some companies to rake in massive profits while patients who couldn't afford medication died. That's free enterprise, right?
Judge Robert W. Sweet rejected the rights of patent holders on two genes yesterday in what should be a landmark decision. Patent holders claim they have invested millions of dollars into research and ought to be rewarded for their efforts, but plaintiffs in the case claimed the companies were reaping massive profits while holding patients hostage and at the same time arguing that nature created genes, not entrepreneurs. (See The New York Times' article.)
Drill, Baby, Drill!
President Obama announced an expansion of off-shore drilling that could include exploration off the Virginia shore, but, relax, there are still no plans to drill in Alaska's Bristol Bay, so, Sarah, you can still complain. (See the Washington Post story.)
Labels: The Economy
posted by Jim | 11:35 AM
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