Word: sell
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...about 80% of all drilling, were putting off new exploration. Major reason: uncertainty over the decontrol of oil prices and new natural gas pricing regulations. The turning point came in June when crude began to be decontrolled. Oil from wells "newly discovered" after Jan. 1, 1979, began to sell at $28.81 per bbl. delivered to the refinery, rather than the artificially controlled price of $13.86. The additional oil from older wells produced by "enhanced recovery" methods, like the injection of steam or chemicals, was also decontrolled...
...enough of anything that is popular. It is impossible now to buy detergents in Moscow, and meat is in chronic shortage. Even in summer, fresh fruit and vegetables can be hard to find. Most of these "luxuries," however, are available without long waits at the free markets where farmers sell produce from their private lots for inflated prices. Beef and pork go for around $4.07 per lb. rather than $1.36 in the shops, while potatoes, carrots, tomatoes, oranges and apples are all on sale at prices roughly six times higher than the official level...
Worse, Soviet oil production is falling below the target set in the 1976-80 five-year plan, and Moscow has begun to put a ceiling on its shipments. The East Europeans find it difficult to get more from OPEC because the cartel does not want to sell for Communist currencies. What can OPEC do with zlotys or rubles...
...Lagging technology. This results in generally low-quality goods that are hard to sell in the West. The inability to export much makes it difficult to buy the advanced machines that could produce goods more cheaply. The debt to the West of the Comecon nations is estimated to be $54 billion. In Poland, 50% of all hard currency earned this year from exports will go to pay interest, and that kicks up price levels...
...Most of these treasures-which next year will travel to Chicago, San Francisco and New Orleans-come from Bogotá's Museo del Oro (Gold Museum), which has collected some 26,000 ancient gold pieces, often buying them up from guaqueros (professional tomb robbers) who otherwise would probably sell them to foreign collectors...