Word: depression
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...higher than normal heating-oil demand during the last half of the winter. That, in turn, resulted in the production of more gasoline; two gallons of gasoline are produced whenever a gallon of heating oil is refined. The excess fuel went into storage tanks and is now helping to depress prices. The U.S. has gasoline stocks amounting to 250 million bbl., fully 13% more than at the same time last summer...
Such prospects depress the legions of ardent sports buffs in the Soviet bloc quite as much as fans in neutral and Western nations, as the Kremlin leaders well realize. It is a measure of the political importance they attach to the Games, and the depth of their anger with the U.S., that they knowingly took a step sure to stir deep unhappiness among their allies and their own people, as well as citizens of other countries who ordinarily pay little attention to international politics. In the Soviet Union, which has no professional sports as they are known in the West...
Nonsense, said Gulfs management, which argued that a royalty trust would increase individual stockholders' tax liabilities and could even depress the market value of the shares. Warned Chairman Lee: "[The Pickens group] is out to gut this corporation...
...consequences of such inaction could be severe. Even if the infant recovery survives, it may grow up deformed, with some parts of the economy performing far worse than others. Onerous interest rates could stall comebacks by the housing and auto industries. The high cost of borrowing money could depress capital spending and thus continue to devastate key business sectors such as steel, construction equipment and machine tools, which have barely begun to climb out of a deep slump...
...farmers for not producing was a giveaway to the dairy interests, fueled in part by the industry's campaign contributions to Congressmen. The meat industry feared that dairy farmers would cut production by slaughtering their older cows for beef, creating a glut of meat that would depress prices. And the Reagan forces contend that over a four-year period the new approach will cost the Government $500 million more than the bill they favored...