Word: recoverable
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Dates: during 1970-1979
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To recover a portion of this spill and contain and dissolve the rest, Pemex, the Mexican State oil company, has put together a small army of 500 workers, 22 boats and twelve aircraft. But chances of halting the flow soon are dim because the undersea gauges and wellhead are blocked...
It was supposed to be the price rise that would somehow stabilize the chaotically climbing cost of petroleum on world markets. So much for wishful thinking. Instead of a single, stable price for crude, the 13-nation Organization of Petroleum Exporting Countries last week gave the oil-thirsting world its...
Because of the civil war, Nicaragua's economy, already reeling from an almost total withdrawal of foreign investment and a cutoff of U.S. economic assistance, has been dealt a blow from which it will take years to recover.
Any price rise will be too much. The world is still struggling to recover from the cartel's first blast of increases in 1973 and 1974, and the almost weekly current jumps have kept economists busy scaling back their global growth forecasts for 1979 and the 1980s.
"There is bound to be a profound debate on the identity of the party itself and on the whole idea of Eurocommunism," says Arrigo Levi, former editor of Turin's La Stampa. "Did it go too far or not far enough? The left wing will say we have to...