Word: deficits
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Dates: during 1950-1959
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Petrobrás' shortcomings cannot be hidden. It produces 50,000 bbl. of crude oil a day. must import the other three-fourths of the 200,000 bbl. daily consumption at an annual cost of $250 million-roughly equal to the current year's trade deficit. All the oil comes from a single area in Bahia, and Bahia crude is heavy and high in paraffin content, useful mostly for waxes, asphalt and fuel...
...which was presumably a richer economy than Egypt's. Confessed Nasser: "The past five months of union have not achieved the degree of production we had hoped for. I did not acquaint myself with the budget of the Syrian region before proclaiming unity. It seems there was a deficit in Syria's budget. Syria's reserve had all been spent. The task was very hard and complicated, but I hope we shall recover...
...gloomy situation, in which Y.P.F., the government oil monopoly, produces only 35% of the country's annual needs. Although reserves are estimated at 2.3 billion bbl., Argentina is forced to import about $300 million worth of petroleum products a year-a sum roughly equal to the 1957 trade deficit. The President then listed the precedent-shattering development arrangements with foreign companies. The main deals...
...case for the public to judge. But Joint Committee members considered the evidence so overwhelming that they found the Administration stand "a great mystery," as Washington's Democratic Senator Henry M. ("Scoop") Jackson put it. Actually, there was no mystery: faced with an embarrassingly huge deficit in fiscal 1959, the Budget Bureau wanted to postpone a third reactor until the need was unmistakably obvious...
...ninth inning the San Francisco Giants trailed Philadelphia 7-5, and faced the awesome task of making up the deficit against the Phillies' Dick Farrell, best relief pitcher in the National League. But not a fan stirred to leave Seals Stadium. Instead, the crowd settled back expectantly for the last of the ninth...