Word: bullish
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...drop in refinery production, Exxon's revenues increased 30%, to $20.6 billion, compared with $15.9 billion in last year's third quarter. Net income soared 118% to $1.1 billion. Earnings per share jumped from $1.18 to $2.60, but Garvin failed even to mention that bullish news in his statement...
...second issue appeared on newsstands, Goldsmith took a bullish stance...
...Another bullish factor is that investors have put a large cache of cash in short-term securities and money-market funds, and it is available to switch into equities when the time is right. This pile has been conservatively valued at $65 billion. Another $4 billion to $5 billion also could come into the market from Europe, where record amounts of cash have been stuffed into short-term securities. The Europeans are waiting to see if the Carter Administration is serious about defending the dollar and beating back inflation by maintaining tight fiscal and monetary policies...
...chapter on solar energy, written by Modesto A. Maidique, a business school assistant professor, is unabashedly bullish: "Given reasonable incentives, we believe that solar could provide between a fifth and a quarter of the nation's energy requirements by the turn of the century." The Harvard researchers have adopted the Department of Energy's extremely broad definition of solar to include not only power from the sun's rays but also hydropower and energy derived from the burning of "biomass," which includes wood, plants and other organic matter. The chapter's supposition is that rising costs...
...Mexico's No. 1 foreign customer (the U.S. now buys 85% of Mexico's oil exports). Schlesinger estimates that by 1985 Mexican wells will be able to match Iran's pre-crisis output of 6 million bbl. per day. The CIA is even more bullish. Its experts forecast that in ten years, Mexico could pump 10 million bbl. per day, which is slightly more than Saudi Arabia's current production. But López Portillo probably will not budge on Mexico's plans to increase production more slowly, to 2.25 million...