Word: outputted
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...amount of bombast could hide the concerned mood of the meeting. The recession in the industrialized world, caused in part by towering oil prices, has sharply reduced demand for OPEC crude. This has lowered revenues for oil producers, who have had to cut production. OPEC output, which averaged 33 million bbl. a day in 1974, is now down to an average rate of 27 million bbl. Cartel officials note that even with shrinking demand, oil producers are taking in more money now than they were a few years ago. Yet the more production falls, the closer OPEC comes...
There is a strong argument that such a stimulative policy would not only reduce unemployment but would actually shrink the budget deficits in future years. So long as the economy remains underemployed, tax collections will be low, and deficits will be huge. Each $1 of output in private enterprise adds about 400 to the tax revenues of the federal, state and local governments. Economists reckon that if the U.S. now had a "full employment" economy, it would be producing some $175 billion more goods and services annually, and federal and state governments would be collecting $70 billion more in taxes...
American reaction to the project is mixed. Physicist Glenn Werth, of the University of California's Lawrence Livermore Laboratory, praises it as both safe and economical. He notes that the Russians have already set off nuclear blasts to stimulate further output from old gas and oil fields, control runaway gas well fires and remove earth for strip mining without any major hitches...
Reyes figures if he can last another two weeks, grinding out about four pages a day (his maximum output so far), he will have something academically competent if not brilliant to show for his work here. He has a sort of "mystical" confidence that he'll finish the thesis on time, but he is often frustrated these days that so many friends ask how it's coming. He does not like playing the role of the bleary-eyed thesis writer talking about his opus...
...projects like the one announced last week by Guinea: it will join Saudi Arabia, Kuwait, Libya and Egypt in investing $400 million in a joint enterprise that will produce about 9 million tons t> of bauxite ore a year, an amount equal to 150% of Guinea's current output. Like similar deals arranged in the past two years with the Soviet Union and Yugoslavia, the joint venture with the Arabs underscores President Sekou Toure's point that Guinea is becoming less and less dependent on Western companies and markets...