Word: glutting
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...available substitute products or the unwillingness of would-be cartel members to cut production enough to maintain high prices. The copper exporting organization, for example, was weakened when industrial users began replacing that metal with plastics and aluminum, and effectively collapsed when the last recession produced a worldwide copper glut. The danger of other cartels remains remote -for now. Even so, individual nations may be moved to reduce exports, and those actions could severely tighten supplies and send prices surging...
...have been rebelliously out front browbeating the Establishment in waves of dissent that would have continued to expand after the 1960s. Widespread religious fervor would have found a channel in a holy crusade against technology. Assassinations would have been frequent. Unrest would have swept through high schools. A grain glut might have triggered an agricultural depression. A breakdown of the cities would have produced chaos beyond anything ever seen before. Some urban areas would have banned the use of gasoline-powered automobiles. Do-it-yourself facelifts would have been on the market...
What the collegiate sports world faces in the year ahead is a glut of women's tournaments. Schools often will have to shoose between an AIAW sponsored championship and an NCAA sponsored one. The result, if most teams elect the new NCAA competitions, could be the death of the AIAW...
Some experts believe the end of plentiful oil is at hand, while others foresee a possible glut if energy consumption becomes more efficient. Arnold Safer, vice president of the Irving Trust Company, has said, "Projected world oil shortages are analogous to a 'receding horizon'--no matter how rapidly you move toward the horizon, it is still the same distance away." Certainly the world oil supply cannot last forever. But our current problems stem from a lack of surplus capacity that makes us vulnerable to the slightest production cutback by the Organization of Petroleum Exporting Countries (OPEC). The oil companies have...
...outside the U.S. For many years during the 1950s and 1960s, Europeans complained about a "dollar gap." Greenbacks were the only currency that was accepted everywhere, though there were not enough of them around to finance world trade and development. But the dollar gap has since become a dollar glut. Due to heavy foreign spending, first to pay for the Viet Nam War, more recently for oil imports, the U.S. has exported enough dollars in the past decade to boost the reserves held by foreign central banks from $24 billion to $300 billion. Private international banks hold another $600 billion...