Word: exportability
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...Supply. Within days of the outbreak of heavy fighting, oil shipments from Iraq and Iran were suspended, including crude deliveries through Iraq's pipelines to the Mediterranean. Between them, the two nations export just over 3 million bbl. per day, around 20% of gulf crude shipments, an amount that would not necessarily be critical at a time of a global oil glut. But there was the dire possibility that the Strait of Hormuz, 30 miles wide at its narrowest point, at the southern end of the gulf, might be closed because of the hostilities. Halting the flow...
...coming. The next tax bill, which will probably be passed early in 1981, is almost certain to contain some relief for Americans abroad. The Senate Finance Committee has approved an increase in the salary tax exemption to $50,000 for workers in developing countries or employees of largely export-oriented firms. The Administration has proposed a more modest measure that would lessen the tax load for Americans in hardship posts like the Middle East, but not for those, for example, in Western Europe, Canada and South Africa. Insiders believe that the Senate's version is more likely...
...best paid and most coddled workers, the miners had remained aloof from the riots of 1970 and 1976. Their burgeoning unrest last week was all the more alarming to Warsaw since coal and lignite provide 85% of Poland's energy and 15% of its hard-currency export earnings. The upheaval was also a personal blow to ex-Miner Gierek, whose birthplace and original power base was in Silesia...
...this year, the United Auto Workers and Ford petitioned Washington to roll back imports. They argue that the sudden surge threatens the domestic industry. Ford and the U.A.W. contend further that Japan is taking unfair advantage of an artificially weak yen and international trade rules that allow them to export their products cheaply to the U.S. They assert that as a result of this the essentially identical cars made in Japan can cost less in the U.S. than in other countries...
Barge and port facilities are also insufficient. The export demand for steam coal in Europe increased by nearly 100% last year, yet buyers are unhappy about the delays in delivery. U.S. piers have little storage capacity, so that railroad cars stocked with the black stuff wait weeks to be unloaded. Port channels are neither large nor deep enough to handle the traffic. Through most of the summer there were about 50 colliers at anchor on any given day at Hampton Roads, Va., the largest coal port on the East Coast...