Word: crude
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...represent the true and original "God-centered" American political creed--to be the Founding Fathers' real heirs. To thwart the appeal of the flag, then, liberals must prove the moral bankruptcy of the nation the flag stand for. This strategy inevitably dissolves a mixture of tasteless religion-baiting and crude anti-Americanism, as shown by the demonstrator's response of "racism" to Falwell's remark that "The Founding Fathers had only one thing in mind...
Master of nuance, connoisseur of transparent things, Vladimir Nabokov disliked the blunt instruments of art. "I remember with delight," he liked to say, "tearing apart Don Quixote, a cruel and crude old book, before six hundred students . . ." Yet he lectured on the book at Harvard, partly because it was required reading but also because it struck some chord in the speaker. The lectures, reconstructed by Editor Fredson Bowers, disclose reasons for that resonance...
...have been among the best performers since fears of an all-out price war began ebbing last month. Says Merz Peters, an energy analyst for Brown Bros., Harriman: "Everybody's portfolio was underrepresented in oils." And for investors with a taste for a different speculation, futures contracts in crude oil began trading last month on the New York Mercantile Exchange and the Chicago Board of Trade. The two exchanges hope that the new contracts, which cover oil for future delivery, will set the price for the entire industry. New York prices hovered around $29 during the first seven days...
...companies and retailers alike. According to Analyst Dan Lundberg, the average price per gallon fell an astonishing 150 between July 1982 and last February, from about $1.30 to about $1.15. Lundberg says only a nickel of the drop is attributable to a decline in the price of crude. The other 10? came out of the oil companies' profits and cost them a total of $2.3 billion...
...raise questions. Without mentioning the company by name, Morton Winston, the president of Tosco, an independent refiner that has run into cash problems and expects a $40 million first-quarter loss, decried Arco's practices. Said he: "The majors are selling finished products below the costs of the crude required to make them-never mind the refining costs. That is not competition, that is the use or abuse of economic power...