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Airlines, chemical manufacturers and other heavy petroleum users will benefit most from the falling prices. Consumers, too, will feel an impact. The average price of gasoline in the U.S. has dropped to $1.18 per gal. from $1.25 a year ago, and is likely to fall further. The surge in supply, though, could put a sharp kink in the profits of U.S. oil companies. Last week Frank Kneuttel, of the Gintel energy-research group, warned clients away from energy stocks. Said he: "The price is like a snowball coming downhill without a mogul to stop it." Falling prices will also hurt...
...most densely populated place, yet the demand for space inexorably devours the city's natural resources. In the past quarter-century, Mexico City has lost nearly 75% of its woodland, which reduces the water supply even as more water is needed. The city now pumps 1 billion gal. per day from natural wells (and loses 20% through leaking pipes), but that supply is so inadequate that an elaborate system of canals and pipelines is being built. These will theoretically bring in an extra 200 million gal. per day by the end of the century-when the need will have...
...most memorable remark this tedium produced was "Where's the beef?" Now, while tolerating the inevitable Mr. Mom jokes applied to Ferraro's husband, we should also have the more subtle pleasure of watching President Reagan tiptoe through the social land mines. Will Ferraro be a "gal," a "girl," a "lady"? There should be wonderful national bull sessions too: heated, sophomoric, serious. What is this "compassion factor" anyway? As if Elizabeth I were a dove. Sense and nonsense will gallop tandem through the land, and polls will be taken by the hour...
When Iran and Iraq started firing missiles and rockets at Persian Gulf oil tankers this spring, some energy experts predicted that gasoline prices would rise. But that has not been the case. Prices at the pump are drifting downward. The U.S. average was $1.246 per gal. just before the Independence Day holiday. That was the lowest midsummer price since 1979 and 2.4? per gal. below last year's Fourth of July level. Prices for leaded regular have, in some cases, dropped to around $1 in such metropolitan areas as Houston and New York...
...impossible: a tasty, low-cal, no-cholesterol, nondairy frozen delight-and make it all natural too, please. Only a dream, say cynics. Tofutti, says David Mintz. Bless you, say many converts who believe Mintz's Tofutti may be the answer. Indeed, Americans are licking up 40,000 gal. a week of his chilly concoction. Production has nearly doubled in the past month. Move over Frusen Gladje and frozen yogurt; this is the summer of Tofutti...