Word: fourfold
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Bucked up by the fourfold increase in oil prices since the 1973 embargo, Exxon's total revenues rose by 61% last year to $45.8 billion, pushing the company for the first time ahead of General Motors, to top place on the FORTUNE 500 list in terms of sales. After-tax earnings also increased by 29% to $3.1 billion-the largest net profit ever reported by any industrial company. But Exxon's net in the first quarter of 1975 slipped 11% below the same period a year earlier, when oil prices were still rising; some Wall Street analysts expect...
...united policy for the cartel for a grand negotiation with consumer nations, perhaps this summer. Though much of the OPEC rhetoric was as blustery as ever, there were clear indications that the oil producers were ready to bargain with the countries that have been struggling to pay for the fourfold increase in oil prices over the past 1½ years...
...support of Israel. But there has been a marked change in the public atmosphere and diplomatic stance. One cause for this is the Arab discovery of the use of oil as a weapon, which began with the Arab embargo during the 1973 Middle East war and culminated in the fourfold increase in the world oil price. The effect has been to make Israel's enemies vastly richer and more powerful, while severely taxing the economies?and therefore the loyalties?of its friends...
...deterioration of Denmark's economy in the past year in large part has been caused by the fourfold hike in the price of imported oil (upon which 90% of the country's energy output depends). With its import prices rising twice as fast as its export prices, Denmark suffered a more than $ 1 billion balance of payments deficit in 1974. Unemployment, at a 22-year high, has cut deeply into some professions. "If you take the No. 6 bus on Thursdays," observes Architect JØrgen Andersen, 39, "it is full of architects on their...
...tensions, such injuries make up only 16% of the total. "The reduction in leg injuries has been bought at the expense of the arm and torso," the doctors say. Twelve years ago, sprained and broken ribs, arms and shoulders were relatively rare among skiers. Since then, sprains have increased fourfold. Arm and shoulder breaks have gone up by a factor of three, rib breaks by a factor of ten. Obviously, the force of a fall once absorbed by the legs is now being taken by the trunk, arms and shoulders...