Word: barrelfuls
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Dates: during 1970-1979
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Bathtub Sofas. "I pick up usable trash," says Hugo Mesa, a commercial designer in Los Angeles. "It's all potential pollution." In his hands, a discarded beer barrel becomes a leather-slung chair, old railroad ties turn into thick benches, tin cans take on new life as lamps. "Salvaged waste has value," agrees George Korper, proprietor of the Eco-Center store in Greenwich, Conn., which sells things like telephone-cable spools as $2 patio tables. Going one better, Mrs. Jerrald Dixon of Crown Point, Ind., makes "Old Woman in the Shoe" table centerpieces with plaster figures and her husband...
...Easy Job. The trouble is that much of this treasure is not recoverable with today's technology at today's prices. The Rocky Mountains of Wyoming and Colorado, for example, hold billions of barrels of oil imprisoned in shale. Estimates of the price that would have to be charged for oil crushed and burned out of that rock run as high as $5 a barrel v. $3.25 for crude oil pumped out of U.S. wells, and roughly $2 for Middle Eastern crude. In addition, the shale-extraction process piles up mountains of ash that would create environmental hazards...
There is no doubt the Japanese are increasingly unhappy with their dependency on American oil interests. Following the price hike from 23.2 to 28.5 cents per barrel on February 18 by the five major Western oil suppliers to Japan, Japan's Minister of International Trade and Industry urged the Japanese petroleum refining industry to put up all-out resistance to the price rise. At the same time, the Finance Minister stated Japan had to make epochal changes in her policy of securing natural resources for her industries...
...called Grenadier is now in business primarily to serve "the Connoisseur Collector with the finest examples of porcelain soldier figurines [bottles] available anywhere in the U.S." Moreover, unlike their contents, the bottles have a long-term value: Jim Beam's hapless gambler, clad only in top hat and barrel, sold in 1958 for $8 filled; today, empty, it commands at least...
...turnabout to settle some old scores. They argue that posted prices-the generally static figures on which their share is based -were imposed on them by the West decades ago, when oil was not as much in demand as it is today. They note with irritation that, while a barrel of crude in Western Europe yields an average of $8 in the marketplace, they get only about $1 out of it. The rest goes into production, transport, refining and marketing costs ($3), oil-company profits (50?) and taxes collected by the consuming countries ($3.50). Even more infuriating to the predominantly...