Word: outputted
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Arabs are encouraging these bilateral pacts because they want to take advantage of international disarray while they can. Since the production cutbacks began in October, other countries have stepped up their output. Indonesia's daily production has gone from 1.3 million bbl. in September to 1.4 million bbl.; Nigeria's from 2.1 million bbl. to 2.2 million bbl.; Iran's from 5.8 million bbl. to 6 million bbl. If these and other production increases continue and demand remains checked, a return to pre-boycott levels of production by the Arab states could lead to a temporary world...
Indonesia's strongest card is its rapidly developing petroleum industry. The oil crisis has enabled Suharto to boost the price of the daily output of 1.4 million bbl. from $4 to $10.80 per bbl. in the past year. The oilfields are owned by the state oil company, Pertamina, which estimates that it will have a daily output of 2 million bbl. by 1975. The problem is that the nation's new-found oil riches have contributed to the conspicuous consumption of the Indonesian rich (who make up only 3% of the population) but have hardly touched the lives...
...first solid evidence appeared last week that the energy shortage -whatever its causes or true dimensions -is hurting the economy. The Federal Reserve Board reported that industrial production fell .5% in December, the sharpest drop in 2½ years. Main causes: a decline in utility output as consumers cut their use of electricity and gas for the first time since World War II, and a slump in the auto industry. In the first ten days of the new year, automobile sales were off 27% from last year. General Motors' deliveries were down a staggering 42%, largely because buyers were...
While it stunts industrial output and cramps consumers, the oil emergency has also stalled the movement toward reform of the international monetary system. The values of major currencies have been wildly gyrating-some up, some down. The dollar has been rising against other currencies because the U.S. has much more oil than Western Europe or Japan and thus stands to be hurt less severely than they by the energy emergency. In the past six weeks the dollar has climbed about 10% against the French franc, 8% against the German mark and 7.5% against the Japanese...
...exploit that lode, the industry has to change radically. Estimated demand will grow this year by 10%, to 660 million tons, but domestic output will not keep up with it. Forecasts for 1974 production range from a repetition of last year's 590 million tons to 650 million tons. Indeed, several New England utilities have already contracted to buy coal from Poland. The industry is having some trouble raising money for expansion. Investors worry particularly about the three gritty problems that bedevil coal...