Word: benching
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...Mani Said al Oteiba, Oil Minister of the United Arab Emirates, to commemorate the marathon twelve-day meeting in London of the Organization of Petroleum Exporting Countries that ended last week. The minister's lament reflected the mood of desperation that led OPEC to slash its official bench-mark price from $34 per bbl. to $29, the first cut in the group's 23-year history...
...OPEC'S production has plummeted from 30.6 million bbl. per day in 1979 to a current rate of 14 million. Unless demand snaps back sharply, the target ceiling of 17.5 million bbl. per day will be irrelevant. Even after last week's reduction in the bench-mark price, many oil buyers still balked. Said Barry Good, senior oil industry analyst with the Morgan Stanley investment firm: "I have a sense that the traders believe the price has to drop more." U.S. Energy Secretary Donald Hodel predicted that the cost of crude would fall to about $25; some experts...
According to Marshall Goldman, a leading Sovietologist and professor of economics at Wellesley College, the Soviets began moving aggressively to increase their world market share as far back as 1981, months before sinking spot prices began to herald the end of the $34 OPEC bench mark. "By late 1981," says Goldman, "the Soviets were becoming cutthroat price cutters." Most of the cutting was done quietly; officially prices stayed in line with those of OPEC...
...coming to your town; it may even be there now. Look around. Hooded sweatshirts and cockeyed caps, leather bomber jackets and sheepskin coats heavy enough to bench press. Pristine white sneakers-"kicks" to you, Jim-laced up with byzantine complexity; luxury-label cords and knife-creased jeans; burnished belt buckles that might be police state special issue. Could be the population of the local high school, right? Standard teen-age uniform, right? You're whacked. Look closer, and start uptown. Def thrives at that address...
...most of the players skate off, two will linger on the ice. Freshman goalie Grant Blair will seem to wander aimlessly and senior winger Greg Britz will likely circle around the rink, sending a few more pucks into the empty nets, while Coach Bill Cleary stands at the bench, calling both...