Word: gal
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...Vegas the only sound that rivals the clink of coins is the rush of water. At the Mirage, a flashy hotel complex on the Strip, a cascading 39-ft.- high waterfall gushes 135 gal. per min. Fountains adorn the entranceways to banks, hotels and condominiums. Development communities market "waterfront living" on artificial lakes that sit like giant puddles in the middle of the Mojave. Even the names -- Montego Bay, Shoreline Estates, The Lakes -- reinforce the illusion that water flows abundantly in this desert oasis...
Thus Exxon's oil slick, which holds the North American record for volume (11 million gal.), cleanup costs ($2.5 billion) and bad publicity, has now set a new high mark for penalty payouts -- almost 40 times as great as any previous spill. Nonetheless, one critic denounced the settlement as an inadequate "back-room deal," while company chairman Lawrence G. Rawl declared that it "will not have a noticeable effect" on Exxon's financial results. But Attorney General Dick Thornburgh said it "sends a very important signal that there are criminal consequences for this kind of activity...
...apparently would like, most consumers can live with that, and business had been forecasting such a price for 1991 before Iraq's invasion of Kuwait last summer. Gasoline prices are lower than before the invasion, if the effect of a new nickel-per-gal. federal tax is discounted. Cheaper jet fuel is welcome news for the nation's tortured airline industry...
...estimated 1.1 billion liters (294 million gal.) of crude oil had escaped from Kuwait's Sea Island terminal before allied bombing raids on pumps feeding the facility reduced the torrent to a trickle. That makes the spill by far the largest ever, not 12 times the size of the 1989 Exxon Valdez disaster, as originally thought, but 27 times as large. And that does not include oil that began gushing last week from a second spill farther north. The magnitude of the mess is such that "it can't be cleaned up," says Jim Rhodes, of ABASCO, a maker...
...Middle East. The U.S. is more reliant on foreign oil today than at any time since the 1973 oil shock; imports have doubled since then, and last year accounted for more than half the trade deficit. Though last fall's budget deliberations did produce a token 5 cents-per-gal. increase in federal gasoline taxes, the possibility of further levies may have been scuttled when Republican pollster Robert Teeter found that Reagan Democrats were the idea's fiercest opponents...