Word: enjoyable
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Dates: during 1980-1989
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...citizens in petroleum-gulping countries from the U.S. to South Korea, oil so cheap is an unexpected and unbelievable windfall. A Vermont homeowner may enjoy a heating-fuel bill cut nearly in half next winter. An Italian consumer can celebrate the lowest inflation in 14 years. A family in Chad stands a better chance of getting adequate food because petrochemical fertilizers have become less expensive. A motorist in the Philippines can enjoy a 30% drop in the price of premium...
...fortunate ones can scarcely enjoy their energy feast, however, without noticing the look of distress on the faces of their neighbors. For the same plunge that benefits oil users has battered the regions that produce petroleum. In Saudi Arabia, an Egyptian worker is likely to lose his high- paying job and return home to poverty. A Mexico City family may no longer be able to afford meat and vegetables because government food subsidies have been slashed. A well-drilling entrepreneur in Oklahoma could face bankruptcy and the loss of his business to creditors. A bank loan officer in California...
...perhaps a lottery jackpot, for the consumers and businesses of such large industrial countries as the U.S., West Germany and Japan. Many economists think that bargain petroleum will bring a go-go era of healthy growth that could last until the early 1990s. Citizens are likely to enjoy a garden of economic delights, including a better chance of finding jobs, and lower prices for petroleum-based products ranging from polyester clothing to phonograph records (see following stories...
...most Americans, the question that gnaws like an engine knock is how much time they will have to enjoy cheap oil. Will it give the U.S. a long, easy journey or just a nostalgic joyride? The highly volatile price of oil could jump several dollars a barrel in only a few days, or it could lie low. Many energy experts have begun warning that oil prices below $10 per bbl. will set up the U.S. for another oil shock in the future. In fact, when adjusted for the inflation that has taken place over the years, today's oil price...
...others will increase workers' salar ies; some will fatten their profits. Adroit managers will try to do all three. But there is no doubt about the net result: Americans will have more money in their pockets, and they will be able to find fresh ways to spend, invest and enjoy their newly recovered wealth, at least...