Word: glut
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Dates: during 1970-1979
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While all this was going on, a temporary global glut of crude kept a lid on prices, stretching Gulfs once bountiful cash reserves and cutting into earnings. Last year profits fell 7.8%, to $752 million; in this year's first quarter, they fell another 7%. The need for a drastic reduction in outlays became urgent...
While the White House continues to urge Americans to conserve energy by driving at 55 m.p.h. and turning off the air conditioning, a severe oil glut is building west of the Rockies. At times, as many as 20 bulging tankers have been backed up in California's Long Beach harbor. Nearly half a million barrels of Alaskan crude, which oilmen had originally figured would go to the West Coast, are rerouted daily through the Panama Canal to the Gulf or East Coast ports at additional costs of more than $1 million. And although independent California oilmen are protesting...
...fact, there are several surpluses, amounting daily to some 500,000 bbl. of Alaskan crude, which must be shipped through the canal; at least 100,000 bbl. of California crude, which is shut in; and 50,000 bbl. of residuals. Jimmy Carter is considering federal action to ease the glut...
...Changeling is not a tame play--by the end of this Jacobean tragedy, only half the cast is left, the rest done in by knife, pistol or suicide. If your taste for violence isn't jaded by the glut on TV. you may find the 17th-century's approach more tasteful. The Leverett House production is fast-moving, and the actors fill it with moments of genuine horror and occasional humor as well. The Changeling is playing at the Leverett Theater tonight, Friday and Saturday (April 27, 28, and 29) at 8 p.m., with a midnight show on the 28th...
...gray-suited audience listens to William Youngren of Boston College expound on "Dr. Johnson, Joseph Wharton and a 'Theory of Particularity.' " In another, a panel of women professors bears down on "Sexism and Racism in Shakespeare" to an overwhelmingly female audience. But concern for the tremendous Ph.D. glut has invaded even these rarefied environs. At least a dozen sessions are devoted to the problem. At one, an angry panelist accuses senior faculty of callously taking on more and more graduate students in order to free themselves from lowly teaching assignments, even though the students have no hope...