Word: glutting
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...Reagan Administration has done little to dispel the glow. As part of his budget-cutting efforts, Reagan has proposed dismantling the U.S. Department of Energy that was set up four years ago as a watchdog of the nation's energy supplies. Meanwhile, widespread chatter about a worldwide oil "glut" has further calmed nerves, and proof of abundant supplies has been readily at hand at the gasoline pump, where prices have actually been falling...
...secure, under the Angels' watchful eyes. Yet as they spread out to Boston and elsewhere, Sliwa's troops have implicitly broadened their self-appointed mandate. Here, they have promised to patrol streets in dangerous neighborhoods, particularly in areas known for severe racial tension. Encouraged by excessive media and a glut of enlistees, the Angels seem to be drifting toward a confrontational stance they could never have held when they were but a few squads of diehards operating out of Sliwa's New York City apartment...
...force, the highest since the worst Depression years of the 1930s. Yet inflation, which last week jumped to 11.5%, has not yet been "wrung out" of the economy, and that was the chief aim of Thatcher's monetarism. North Sea oil revenues have suffered from the international oil glut, and much of the treasury's eroded bonanza has had to pay for unemployment benefits. The fiercest riots in Britain in a century exploded last summer in cities throughout the country, reflecting not only deep racial problems but the bitter resentment of the young who could not find work...
...glut of crude causes tighter development budgets
...investment strategy must adapt to the times; and since January 1, Cabot says, a glut of oil on the world market caused by increased production in the Middle East as well as stepped-up conservation efforts has made oil issues less attractive, reducing their prices by an average 15 to 20 per cent from what they were eight months ago. As a result, HMC has been selling off many of its petroleum holdings, especially those in international firms...