Word: gulf
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Dates: during 1980-1989
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Dukakis tried to straddle the gulf between Blacks and Reagan Democrats. Now he stands to lose the support of both. If he openly attacks Bush's racist campaign, he will alienate still more Reagan Democrats while attracting very few more Black votes...
Already La Nina has been credited with a role in causing this summer's drought in the Midwest, the deluges that flooded Bangladesh in September and the severe hurricane season in the Caribbean and the Gulf of Mexico. While widespread attention has been paid to the greenhouse effect -- the trend toward global warming due to the increase of carbon dioxide and other gases in the atmosphere -- some scientists believe that this winter La Nina will bring on a dramatic, though probably temporary, drop in average global temperatures. Says meteorologist and oceanographer James O'Brien of Florida State University...
...brands: Winston cigarettes, Oreo cookies, Ritz crackers and Life Savers candy.) The RJR executives, with the help of the Shearson Lehman Hutton investment firm, hope to borrow close to $16 billion to finance the deal. If the transaction is completed, it would eclipse Chevron's $13.3 billion acquisition of Gulf Oil in 1984 as the largest takeover ever...
...past six weeks, three leading gulf producers -- Saudi Arabia, Kuwait and the United Arab Emirates -- have opened their spigots, increasing OPEC's total output nearly 10%, to 21 million bbl. a day. Because worldwide demand for OPEC's crude amounts to only about 19 million bbl., the overflow has created a price-dampening glut. West Texas Intermediate, the benchmark U.S. crude, fell earlier this month to $12.60 per bbl., a drop of nearly $3 from its level in August and more than $7 from a year ago. The price edged upward last week, closing at $14.92 per bbl., reflecting expectations...
...finite resource by bidding a combined $7.3 billion for the oil and natural-gas assets of Houston-based Tenneco, which is selling those properties to concentrate on its gas-pipeline and construction- equipment businesses. Chevron agreed to pay $2.6 billion for the firm's stakes in the Gulf of Mexico, while T. Boone Pickens' firm, Mesa Limited Partnership, will pay $715 million for Tenneco's midcontinent reserves...