Word: crudely
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Dates: during 1990-1999
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...Tommy Mottola, according to industry speculation, though no successor has been named. Another possible catalyst for Yetnikoff's resignation is his depiction in Fredric Dannen's new best seller, Hit Men, a graphic portrayal of the music industry's seamy underside. In the book, Yetnikoff comes off as a crude, tantrum-throwing and philandering egomaniac. "He's a brilliant man with a strong self-destructive streak," contends Dannen. Says David Braun, a top music lawyer in Los Angeles: "Walter got lost in the fantasy of his job, his power and his ability to control a huge part...
...size of the oil deposit, however, is a mystery. The Interior Department's estimate ranges from 600 million bbl. of crude to as much as 9.2 billion bbl. At the high end, the oil reservoir would be roughly equal to Alaska's enormous Prudhoe Bay field, or more than the U.S. uses in a year. The Interior Department puts the odds of finding a commercially exploitable oil field in the refuge at 1 in 5, vs. the industry's typical success rate...
Even the most pessimistic forecasters were cheered when OPEC decided last week to allow its 13 members to increase production to make up the shortfall of roughly 4.6 million bbl. a day lost in the U.N.-mandated embargo on Iraqi and Kuwaiti crude. In the wake of the cartel's action -- Iraq and Libya did not attend the meeting in Vienna -- petroleum prices dropped about $2 in one day, to $26 per bbl. Toward week's end, however, traders began fretting once again about a possible gulf confrontation and a disruption in energy supplies; with that, the price for October...
...growth will drop from 3.7% last year to around 2.5% this year, but is projected to rise to 2.9% in 1991. Italy, which banned the construction of nuclear plants in 1987 and is the E.C.'s largest oil importer, is more exposed. Britain is the Community's only significant crude producer; its inflation rate, already 9.8% annually, is likely to climb higher, at least in the short term. But next year, some British forecasters predict, prices could start falling...
Many Asian countries, with the exception of Indonesia, China, Malaysia and Brunei, import nearly all their crude. Since they rely almost entirely on export markets to fuel their growth, they remain especially sensitive to the economic well-being of their trading partners. With oil prices rising and the U.S. economy slowing down, traders in the smaller stock markets are looking glum: in Taipei, shares have plummeted 65% from their year-end high, while the Bangkok market has slipped 40% in just two weeks...