Word: glutting
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...denim wove its way through the social revolutions of the '60s and '70s, clothing everyone from Yippies to Sun Day activists and pushing worldwide production last year to a record 750 million yds. Alas, that was more denim than there were fannies to fill it. Result: a glut of material and sharp cutbacks at the plants that make it, even though sales of jeans, jackets and other finished items have remained high. Wall Street analysts figure that U.S. production will drop this year to about 500 million...
...their future share. The new production, combined with a slowdown in consumption, has put off the day when the world will start running out of oil to the 1990s, or the early 21st century. Far from being menaced by scarcity, the companies just now must cope with a global glut...
Like almost everything else at Harvard. Freshman Week depends at lot on how you approach it. You and about 1600 equally nervous, eager, and thoroughly confused people will be subjected to a week ofn onstop sensory glut. You will see, hear, and do a lot of new things with new people, and even if you never stop moving aroung there'll be thngs that you miss, or will want to miss. There are, of course, several ways to cope with Freshman Week, and the patern you choose will depend on your attitude coming in and how quickly you can adjust...
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...
...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...