Word: gluts
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Dates: during 1970-1979
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...wholly trustworthy: key parts rose more rapidly than the index as a whole. Farm products and processed foods and feeds went up a disturbing 2.3% in August alone. The OPEC cartel has announced a price increase of 10% on crude oil, but there is speculation that the world oil glut will hold actual increases to less than that...
...because of decontrol the price of gasoline will rise only 3? a gallon, and the nation's total oil bill will go up only $5.3 billion over the next twelve months. Main reason for their optimism: a belief that stiff competition among oil companies resulting from a world glut of crude will keep the price increases moderate...
...right. The liberals-William Douglas, William Brennan and Thurgood Marshall-remain in general agreement. And, to be sure, they are still often in the minority. The Wall Street Journal, for instance, has detected a majority trend toward favoring business, partly because of a desire to cut the glut of cases challenging all manner of commercial activity...
...asleep in an obscure motel, imagining a priceless array of artifacts. In the morning, a flea market of Victoriana awaits him in a parking lot below. Each objet d'art has been produced by his richly informed subconscious. Naturally there are the classic ottomans and clawfoot sofas, the glut of silver tea sets and bridal breakfast services. But there are also treasures from the velvet underground: choice items of bondage, plush Sadean literature, punishment costumes featuring removable posterior panels. It is all only a dream, of course. But in a way, Moore reminds us, so were the Victorians...
...their own: oil prices will be held at their present disruptively high level until Sept. 30 and may then be adjusted to reflect world inflation and price increases on manufactured goods the oil producers buy. The world recession has reduced demand for oil enough to create a sizable glut, but OPEC members are cutting production rather than making any substantial reduction in prices. "We are masters of the oil price," declared Messaoud Aït-Chaalal, chief Algerian delegate to the Paris conference...