Word: cutbacks
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Dates: during 1970-1979
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...Norway and Denmark, which also have misgivings, Van Agt flew to Washington. He sought a delay in the NATO decision and a U.S. commitment to negotiate with the Warsaw Pact countries on reduction of nuclear arms in Europe. American officials gave assurances that the U.S. wanted to discuss a cutback of nuclear missiles with the Soviets, but insisted that the NATO partners should approve the missile-modernization plan on schedule...
More and more OPEC members are discovering that they can collect just as much by cutting production. Kuwait, Iraq, the United Arab Emirates, Algeria and Libya have all announced cutback plans for 1980, and others are likely to follow. Warns Gulf Oil Corp. President James Lee: "We estimate that OPEC could cut its exports by about 8 million bbl. per day, or nearly 25%, and still maintain balanced economies for its members." Reason: as the cartel sold less oil, the price for the diminished supply would automatically surge...
...analogous to a 'receding horizon'--no matter how rapidly you move toward the horizon, it is still the same distance away." Certainly the world oil supply cannot last forever. But our current problems stem from a lack of surplus capacity that makes us vulnerable to the slightest production cutback by the Organization of Petroleum Exporting Countries (OPEC). The oil companies have no incentive to develop enough oil outside OPEC to ease the threat of shortage. As long as demand doesn't change, they profit the most by cooperating with OPEC and keeping supply tight...
Dartmouth gained 180 yds in 54 carries, most of that on the cutting running of Dufresne. "They're big on the cutback," Crimson linebacker Matt Sabetti said yesterday. "When you play a team like that, guys on the other side of the ball have to be alert. I guess we just weren't up to snuff...
Jene L. Schwilck, president of the foundation, said yesterday during the past 21 years the organization "overspent its income," requiring a cutback in funding of current programs...