Word: barrelfuls
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...hefty portion of the curriculum is devoted to technical training. The honor code scandal of three years ago was sparked by a take-home exam in "juice" (electrical engineering), a course many cadets disliked. In the halls of the classroom buildings, next to signs outlining how the barrel of a gun operates, huge posters declare: "Engineering is the foundation of a good curriculum...
...Iraq could cause a rise in world oil prices of 50% above its original projections by the end of 1981. Since petroleum prices are extremely sensitive to any long-term reduction in world oil supplies, a shortfall in Iranian and Iraqi crude could hike the contract cost of a barrel of oil from its current $32 to about...
Perhaps the greatest obstacle to accurate long range forecasting comes from the increasing possibility of future shocks which cannot be surmised from historical trends. Many petroleum analysts in the mid-'70s predicted world crude oil prices would hit a ceiling at $10 per barrel. Obviously, they did not foresee OPEC's tenacity or the Iranian revolution and subsequent supply disruption. The possibility of another significant oil supply shock within the next five years festered in the imagination of MR&A forecasters. The downfall of the present Saudi Arabian government looms on the horizon: "If CIA reports claiming the Soviet Union...
...exaggerating the threat of toxic wastes. But one thing is certain: the rapid accumulation of chemical-waste products poses one of the most complex and expensive environmental control and cleanup tasks in history. Says Douglas M. Costle, administrator of the EPA: "We didn't understand that every barrel stuck into the ground was a ticking time bomb, primed to go off." Predicts Dr. Irving Selikoff, director of the Environmental Sciences Laboratory of New York City's Mount Sinai Medical School: "Toxic waste will be the major environmental and public health problem facing...
...developed world now consumes; but they have neither the money nor the resources to pay for expensive oil. Said Carlos Castro Madero, an official of the Argentine Atomic Energy Commission: "Every watt of energy the U.S. fails to produce by nuclear power must be produced by oil. Every barrel of oil burned by the U.S. is a barrel for which we must compete on the market, and this means higher prices...