Word: outputted
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...plans to drop a fifth of their flights next month, and a series of protests against the fuel cutbacks-by pilots, truck drivers, gas-station owners -gave a tinge of anarchy to the week's events. All the while, the Arabs deepened the chill by announcing further oil-output reductions...
...simultaneously ordered a penny-a-gallon cut in wholesale gasoline prices, but consumers will never see that one; it will be overwhelmed by other in creases permitted due to rising prices for crude oil. The purpose of the two moves is to prod refineries to shift more of their output to home heating oil by making it more profitable to produce, compared with gasoline...
Still, the shortages worsen. The New York State Public Service Commission last week proposed a statewide 5% cut in electrical power output, which would douse nearly all outdoor advertising and cause store-window lights to blink off after 9:30 p.m. and office-building and parking-lot lights to go dark three hours after the close of business every night. Texaco announced that its deliveries of home heating oil, diesel and tractor fuel to distributors this month will be 27% lower than in December last year. At that, the American shortages are mild compared with those in Europe, where bitter...
More than any other Arab, Yarnani designed the 1972 "participation" agreements which allowed the Arab Persian Gulf nations to buy a 25% interest in foreign oil companies. Early this year he sounded the first warning to the U.S. that the Arab nations might cut oil output in order to "correct" America's pro-Israel stance. State Department officials dismissed the warning as a bluff...
...thinks this inefficiency could be at least partially alleviated by restructuring lines of company communication and changing schedules. The job he wants would allow him to study a company's operating efficiency and suggest options and alternatives to relieve worker dissatisfaction and increase output...