Word: consumptionism
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From one standpoint, the whole situation is in the main simply a phase of the regular business cycle; from another, it serves to illustrate the shortsightedness of the mercantile community. The year 1920 should have thoroughly taught the lesson that higher prices mean curtailed consumption. Today the very merchants who...
On the return trip from Chicago to Lakehurst, tests of gasoline consumption showed more than a mile to the gallon. The total fuel cost on this leg of the trip was $150, a fraction of the coal bill for a limited train. And she could have carried ten tons of...
There is too much wheat. Canada, especially, has quadrupled her production. Meanwhile, owing to an unusually good wheat crop and a consumption still depressed by the War, Western Europe may consume only 500 million bushels.
Some experts claim.that the California production has passed its peak, and statistics bear this out so far; the week ending Sept. 15 saw a decline in the daily average production of 5,750 barrels over the previous week. A cheerful view of the oil industry was taken by Harry F...
This development has occurred without any special effort by petroleum companies to stimulate it; the latter have apparently felt that their first duty lay in supplying gasoline for automotive consumption, and feared the inroads upon the supply needed for this purpose which would be caused by a sudden and excessive...