Word: outputted
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...day?or 2.7% of the total used ?on the world market. Reasons: the fourfold increase in the price of oil has already led to a drop in consumption and the world's slowing economies use less energy than before. Even though several OPEC members reduced their output in a countermove, oil storage tanks in the consuming nations are nearly filled to capacity. Moreover, unlike the situation during last winter's embargo, the oil importers will soon be able to coordinate their response to the cartel's moves. Next month the U.S., Canada, Japan and all the Common Market nations...
...market based on supply and demand, or sophisticated manufactured goods, in which the price represents raw material costs, labor, machinery and R. and D.?and then is kept as low as possible by the pressure of international competition. Even when the U.S. attempted, unsuccessfully, to limit its agricultural output, the purpose was to prevent market prices of food from falling below farmers' cost of production in order to keep the farmer in business?an argument that hardly applies to OPEC. Since 1960, when the cartel was founded, the wheat that OPEC nations import, the planes they buy for their...
...belt tightening and building, building, building from scratch. The only country that came to our assistance with concrete, tangible help was the Soviet Union, and I am not saying this as a Communist, but as a Polish patriot. Now Poland ranks tenth in the world in terms of industrial output. But at the same time our country has a lot of shortcomings and some neglect in its infrastructure. We are now working to overcome these difficulties...
...natural gas, while transportation chiefs who gathered at a minisummit in Los Angeles were cheered by United Air Lines President Edward Carlson's demand that controls be clapped on all U.S. crude oil. (At present, "old" oil- the amount of oil a company produces equal to its 1972 output -is price-controlled at $5.25 per bbl.; "new" oil is subject to no control...
Venezuela, Kuwait and Libya, however, are now cutting production to eliminate that surplus. Venezuela, whose biggest customer is the U.S., has reduced output by about 450,000 bbl. daily, to a total 2.95 million bbl. One item on the O.P.E.C. Vienna agenda was the coordination of production cuts in order to make sure that prices do not drop...