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Dates: during 1980-1980
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...large reserves as a cushion against future price increases or production shortfalls. World reserves are about 300 million bbl. above normal for this period, and both the U.S. and Japan have decided to increase their stockpiles. Without that small world glut, OPEC would probably be pushing up prices even faster. Libyan Oil Minister Abdul Salam Zagaar, who is normally one of the OPEC hawks, said after the Bali meeting: won't ask for higher prices if the market won't permit...

Author: /time Magazine | Title: Business: Bali High for Oil Prices | 12/29/1980 | See Source »

...stopped flowing through two of Iraq's four pipelines, reducing exports by almost 1 million bbl. a Saudi Arabia is also threatening to its production and send oil prices $50 per bbl. Oil Minister Yamani is demanding that world energy companies carrying heavy stocks start them down faster and that West nations stop squirreling more oil away strategic reserves. Indeed, the Saudis prod Western countries to remind them that OPEC price restraint or petroleum production could end at any time...

Author: /time Magazine | Title: Business: Bali High for Oil Prices | 12/29/1980 | See Source »

...Department of Energy report released in January 1980 showed the price of fuel to the American consumer was rising faster than OPEC crude oil price increases--the report stated that between January 1977 and May 1979 the retail price of home heating oil has risen twice as fast as the price of crude. And, in 1980, the report predicted a typical family using home heating oil would pay an additional $130 from "unjustified" price increases...

Author: By Jennifer H. Arlen, | Title: Joe Kennedy Challenges the Oil Companies Citizens Corp. Brings Cheap Heat to the Poor | 12/17/1980 | See Source »

...Light will not stay a blinking baby for long. Beneath the garish fur beats a heart eveready for...well, let the box explain. "Give me a squeeze about 2" below my blinking light and I'll show you how good it feels to have a birthday hug (I blink faster when I get excited and happy...

Author: By Bill Mckibben, | Title: Every Child a Deity | 12/9/1980 | See Source »

...present, that is what is happening, and it can continue as long as corporations do not make the shift to robots faster than the natural rate of worker attrition, which now runs as high as 15% in the metalworking plants that are ripe for robotization. (One reason why Japan has been able to shift so extensively to robots is that Japanese corporations have a tradition of caring for their employees for life.) But as the robots take over more and more jobs-and they can do the more pleasant and interesting tasks as well as the dull and dirty ones...

Author: /time Magazine | Title: The Robot Revolution | 12/8/1980 | See Source »

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