Thursday, June 12, 2008

Readings 6-12-08

Gazprom predicts oil will reach $250

Gazprom, Russia’s gas monopoly, on Tuesday predicted oil prices would reach $250 a barrel in 2009.

The striking prediction came as the International Energy Agency, the developed world’s energy watchdog, warned that record high prices were needed to choke off demand in order to balance the oil market.

They're choking off something.

Could this be categorized as a self-fulfilling prophecy?

Conmen abuse web address checks
Loopholes in the way addresses are checked by online stores are helping fraudsters cash in, say experts.

The flaw means goods bought with stolen credit cards do not trigger security systems that check addresses.

One more mine in the field.

Northwestern chemist investigates lost reds in Homer painting
More than 30 years ago, when Northwestern University chemist Richard Van Duyne developed a powerful new sensing technique, he never thought he would be using it to learn more about treasures in the Art Institute of Chicago's collection -- including a watercolor recently featured in the museum's exhibition "Watercolors by Winslow Homer: The Color of Light."

In Homer's watercolor "For to be a Farmer's Boy," painted in 1887, some of the red and yellow pigments have faded in the sky, leaving that area virtually without color. Van Duyne, Charles E. and Emma H. Morrison Professor of Chemistry in the Weinberg College of Arts and Sciences, is working with Francesca Casadio, a conservation scientist at the Art Institute, to determine what the original colors were.

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