Word: outputted
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...protested angrily. The result was a "compromise," under which the Pentagon will keep 600,000 bbl. of its fuel at least for a while. Also, the FEO prompted scare headlines by announcing, in one set of hastily prepared allocation regulations, that gasoline production would be cut 25% below 1972 output, and took a full day to correct the figure...
Banks, who managed only 11 points in the first 20 minutes, took over the second half, dominating the game with his scoring, rebounding, and blocked shots. Aside from his point output, he also swept the boards for 28 rebounds and handed out six assists...
More important, the Government exempted so-called new oil from price control. New oil encompasses both crude from new discoveries and oil that an existing well produces in excess of its output during a 1973 base period. In response, oilmen have sped the pumping of existing wells to their Maximum Efficient Rates* and made greater use of expensive secondary recovery methods, such as injecting water at high pressure into a well. The American Petroleum Institute estimates that as much as 5,000,000 bbl. might be recovered in this fashion. As Wayne Swearingen, chairman of Tulsa's oil-drilling...
Food prices will still be troublesome during early 1974, despite record 1973 crops and prospects for an even bigger output this year. One reason: foreign demand for U.S. farm goods remains extremely high because supplies of wheat and other items are still tight worldwide. The 1973 inflation in wheat, corn and soybeans showed how much havoc heavy export demand can wreak on U.S. prices. In addition, all the ups and downs of controls last year caused cattlemen and hog raisers to limit production sharply. That means that meat prices will stay high or even rise in the months immediately ahead...
Labor unions have seen to it that wages go only one way: up. Manufacturers sometimes can offset the higher costs by raising output per man-hour; but service industries, which account for more than 40% of the economy, find that difficult. And as U.S. industry grows more concentrated, businessmen can raise prices more confidently than they could if there were more competitors around who might undercut them...