Word: beare
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Dates: during 1970-1979
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...focus of the trouble is the jumpy and uncontrolled spot market, that loose network of brokers and hustlers who buy and sell available crude wherever they can for whatever the market will bear. OPEC sells most of its oil under contracts that can run from a month to a year or more, but cartel leaders watch the day-to-day spot market closely; when spot quotes climb, insatiable oil producers begin demanding more for their shipments...
...best places in the world to study history, at least as a graduate student--should transmit so little of its wealth to non-specialists. However, apart from the institutional problems of trying to do everything in no-time flat, the very scholarly brilliance of the departments must bear a good deal of the blame...
...play in a field or in a country pasture--the old team morale. But if the team can not find anywhere else besides a pasture to compete against a visiting team, then all the games would have to be played away--an expense the Department of Athletics refuses to bear. "If we had to send a team away all the time, it could get very expensive," Janus says. The restriction on playing area keeps club sports like gymnastics from joining the varsity ranks...
Carter has denounced both OPEC and the oil companies repeatedly, writhing resentfully when accused on being the industry's man in D.C. Yet, he alone must bear responsibility for letting OPEC set the tune on oil prices, and for handing the oil companies hundreds of billions of dollars in excess profits...
November's price increases bear out his prediction. Global oil supplies are plentiful, yet prices continue to soar. The oil companies "are stockpiling oil as fast as it can be produced," reports the Wall Street Journal...