Word: excessive
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...proposed that Congress roll back uncontrolled prices of "new oil" from a recent high of $10 a bbl. to $7, and Federal Energy Chief William Simon said that his office would not oppose some price reductions. Congress is also considering several bills aimed at depriving oil companies of any "excess profits" that might result from rising prices...
Punitive Tax. A bigger worry for oilmen is that Congress will hastily enact a punitive excess-profits tax without having any idea of what an excess profit is-or where the companies' great earnings came from. They did not come from price gouging in the U.S. but largely from big sales overseas, where demand is even higher than in America. Exxon, for example, reported an 83% increase in profits from oil that it bought, refined and sold in Europe and elsewhere in the Eastern Hemisphere v. only a 16% increase from its business in the U.S. Domestic operations have...
...something worse than a defeat: it was a failure. And this failure, like a bad marriage that does not end, has demoralized, corrupted and embittered, as a simple defeat would not have. Viet Nam is the name of a catastrophe to the spirit. A fatally casual adventure-in-excess has done to America, he argues, what crossing the Rhine did to the Roman Empire in 6 A.D., what invading Holland did to Spain in the 16th century. The final consequence is a "devaluation in national identity," a collective loss in self-esteem that has left Americans profoundly confused about just...
More important, the Government exempted so-called new oil from price control. New oil encompasses both crude from new discoveries and oil that an existing well produces in excess of its output during a 1973 base period. In response, oilmen have sped the pumping of existing wells to their Maximum Efficient Rates* and made greater use of expensive secondary recovery methods, such as injecting water at high pressure into a well. The American Petroleum Institute estimates that as much as 5,000,000 bbl. might be recovered in this fashion. As Wayne Swearingen, chairman of Tulsa's oil-drilling...
SCHIZOPHRENIA. Doctors know that two groups of drugs, which include chlorpromazine and haloperidol, are remarkably effective in relieving the thought disorders, hallucinations and extreme withdrawal of schizophrenia, a chronic psychosis that affects one person out of every 100. Both drugs, if administered in excess, can produce symptoms similar to those of Parkinson's disease, a neurological disorder characterized by uncontrollable tremors and lack of coordination. Parkinson's disease is caused by a lack of dopamine, a substance that transmits nerve impulses, in the brain centers that coordinate movement. Biochemical and electrophysiological studies have shown that chlorpromazine and haloperidol...