Word: forecasted
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Dates: during 1980-1989
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...pullout by Exxon from the Colony Shale Oil Project does not diminish the potential for synthetic fuels as an eventual solution to our energy problems. Government and private energy planners forecast rising world oil prices in the near future. All foresee the necessity for synfuels before the year 2000. The pullout by Exxon underscores the need for the Government to set a firm, long-term policy through the Synthetic Fuels Corporation for the development of a synfuels industry...
...February 1981, the Reagan Administration unofficially forecast that inflation would drop to 5.7% during 1982. At the time, the projection was dismissed as outrageously optimistic. Yet that figure now seems, if anything, pessimistic. The Data Resources Inc. economic consulting firm projects that inflation this year will be no more than 3.9%, and the experts say that it could wind up still lower...
Asked to make sense of Pharaoh's dreams about fat and lean cows and plump and withered ears of corn, Joseph took them as signs of coming events. The Book of Genesis records his forecast: "Behold, there come seven years of great plenty throughout all the land of Egypt. And there shall arise after them seven years of famine." Pharaoh was so pleased to get a fix on the future that he made Joseph the ruler of Egypt. If Joseph materialized now, politics would make it hard for him to get his old job back, but with his proven...
Even professional planners are learning (from bruising themselves on the future's impenetrable surface) to put only qualified belief in their own findings. Says Roy Amara, president of the Institute for the Future in Menlo Park, Calif.: "Anything that you forecast is by definition uncertain." Thomas J. Watson, founder of IBM, would surely have agreed, and perhaps not too long after forecasting "I think there is a world market for about five computers." Leon Eplan, ex-president of the American Institute of Planners and now chairman of the city planning department at the Georgia Institute of Technology, says that...
Production cutbacks will sooner or later bring an end to the liquidations, and thus no economists are forecasting that inflation rates will stay as low as they now are. The Reagan Administration's own official forecast sees the CPI rising by 7.3%. this year, vs. an 8.9% increase in 1981 and a 12.4% rise in 1980. That forecast not long ago looked optimistic, but now is at the upper end of the range of predictions being put forward by private economists...