Word: barrelfuls
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...move would mean needlessly perpetuating the cruel exigencies that conservation has forced on us. High prices for gas and heating fuel place an extraordinary burden on the poor, whose "conservation" efforts frequently mean choosing food over heat in the winter. The depressing economic influence of a $15-a-barrel tax on oil imports, according to Safire's own estimate, would cost us one million jobs. Liberal supporters of an oil import tax suggest that revenues from the tax be channelled to the poor, but, given the current political climate, it would be naive to expect such an allocation. The money...
...reduce their price but want some other major oil producer to go first. Two weeks ago, Saudi Oil Minister Sheik Ahmed Zaki Yamani suggested that Britain, which is not part of OPEC, might take the lead by lopping $2 or $3 off the $33.50 it charges for a barrel of North Sea oil. But British Prime Minister Margaret Thatcher is hardly eager to initiate a price cut that would slow the flow of oil revenues into Britain's struggling economy. Says a senior British oil executive: "Why should we be first? Why should Saudi politics be more important than...
...dealer named Lawrence Fleischman under the benign presidency of Terence Cardinal Cooke, masses of otherwise unsalable modern religious art have been decanted into the Vatican since the late '60s. The result, the Collezione d'Arte Religiosa Moderna, amounts to something between a pork barrel and a junk pile...
...recent downturn of inflation have caused the deficit figures to be larger than earlier projections for 1984 indicated. To combat this problem the Administration has included in the budget package a stand-by tax proposal which calls for a five percent tax surcharge as well as a barrel increase in oil taxes to go into effect in 1986 or 1988 if the expected economic recovery does not materialize. When asked why he does not want the contingency plan to take place in 1984, the President quipped. "Are you kidding, in an election year...
...also recoup some losses simply by pumping more oil. William M. Brown, director of energy studies for the Hudson Institute, believes that Mexico could fairly easily double its exports to 3 million bbl. per day in three years. That way, oil earnings would stay level even if the per-barrel price was cut in half. Other experts, however, believe Mexico would not have the wherewithal to make the investment required to double its output unless it could line up cash customers first. One willing buyer might be the U.S. Department of Energy, which under a one-year contract is already...