Word: demands
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Dates: during 1950-1959
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...major factor in RCA's profit drop -the cost of launching color TV -was taking a sharp turn for the better, Board Chairman David Sarnoff reported last week. Since the first week in September, color sales to dealers have tripled. By last week growing demand had forced RCA to put its Bloomington and Indianapolis, Ind. color plants on overtime, and the company asked its cabinet suppliers to step up output...
...designs and higher-powered cars in 1955 and 1956 have only won back a 16.5% share of the market. But in 1957, Chrysler will be loaded for bear. Cautiously, Colbert himself says only that "our sales targets have been projected on the basis of an expected steadily increasing demand for our products." But Chrysler's brass clearly expects at least a 20% slice...
Actually, there is right on both sides. To stay healthy,, domestic producers must constantly find new reserves. Yet, in the past decade, while U.S. oil demand has risen 71%, proven domestic reserves have increased only 48%. One big reason is that oil is getting harder and more expensive to find. According to Independent Petroleum Association of America, the cost of finding, developing and producing oil and gas has jumped 43% since 1948 v. a mere 6.5% increase in the general level of crude-oil prices...
...main supply-and-demand argument against restricting imports, however, is the fact that domestic oilfields will not be able to keep up with rising U.S. needs under any circumstances. Says Otis H. Ellis, general counsel of the National Oil Jobbers Council: "We constantly hear that 'there is no security in foreign oil. A more appropriate slogan would be,"There is no security without foreign oil." " With one-seventh of the world's crude-oil reserves, the U.S. consumes 9,000,000 bbls. of oil daily, well over 50% of the world's production. The Chase Manhattan Bank...
...imports will disappear without Government restrictions. Says General Ernest O. Thompson, chairman of the Texas Railroad Commission, which controls the flow of oil from Texas fields: "The problem is on high center now, but time will eventually work it out." In the not too distant future, world oil demand will climb so high that all available production both in the U.S. and abroad will be needed. For the short run, restricting imports would not only place a heavy burden on diminishing U.S. oil reserves; it would also undo much of the good will the U.S. has built...