Word: outputted
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...authors warn that the Organization of the Petroleum Exporting Countries remains powerful despite the excess oil supplies that depressed prices earlier in the year and the group's inability to set production quotas in Vienna two weeks ago. If the oil producers could find the political will to curtail output sharply, say the authors, a barrel of crude oil that now costs $34 could reach $72 by the year...
This formidable axis would enjoy not only substantial military aid from the Soviet Union but also the enormous oil reserves of Iran and Iraq (before the war, combined output reached as high as 8 million bbl. per day) to pay for such arms. More important, Islamic revolutionary ardor could rapidly sweep through the gulf sheikdoms, as well as Saudi Arabia's oil-rich eastern province, particularly if encouraged by Khomeini militants who are so imbued with the notion of a Shi'ite holy crusade. As Iran's military machine gathers its strength at the Iraqi frontier...
...Squeeze on Business. While governments have expanded, private industry has been pressured by high interest rates, rising taxes and wage demands. Wages, even after adjustment for inflation, have gone up faster than labor productivity, the amount of output per worker. In other words, businessmen have been paying more for labor but getting less for their money. On top of wages, businesses must pay ever higher payroll taxes. In West Germany, such taxes amount to 21.5% of an employee's wages...
...beginning, Lopez Portillo had both luck and geology on his side. When he took office, Pemex, Mexico's national oil company, had begun turning up one oil and natural gas discovery after another in the country's southern Tabasco and Chiapas states. With an output of some 2.7 million bbl. per day, Mexico became the fourth largest oil producer in the world...
...would be the grandest engineering project of all time. At least a dozen northerly-bound rivers would be reversed. By channeling 37.8 billion extra cubic kilometers of water a year to the south in European Russia and 60 billion cubic kilometers in Siberia, the project would greatly increase farm output in such arid regions as Uzbekistan and Kazakhstan, where the high birth rate of the largely Muslim population could overtake food production...