Word: lesses
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Dates: during 1970-1979
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...sitting on a Rolls-Royce." The horse will have only two serious rivals in the Derby: Flying Paster, the three-year-old California champion, and General Assembly, the first Secretariat colt to reach Derby status. Flying Paster lost but one race this spring, to a colt carrying 8 Ibs. less weight. General Assembly ran twice against Spectacular Bid last year and twice was soundly beaten. Eddie Arcaro admires the colt's delicate skill as well as his strength: "He's very agile; he strides beautifully. He's like a dancer." Conn McCreary, two-time Derby winner...
Some other Exxon executives are less circumspect. Mused one to Tompkins: ''What we're playing is something like Monopoly, only the board has been changed around, and the dice are loaded. Every time you roll you go directly to jail, and whenever you do collect money it is in rials or yen. Worst of all, you have to play blindfolded while your opponents get to cheat and knock over the table in periodic rages...
...street from each other, because their expenses vary. The price control formula permits dealers to offset the cost of gasoline, the rent on their gas stations, the wages of their employees and other overhead expenses, and still earn a profit. For competitive reasons, dealers normally sell at somewhat less than their maximum allowable prices; drivers shop around for the best prices when supplies are ample. But when a small surplus of oil turns into a modest shortage, companies are forced to cut back on gasoline shipments, and that lets retailers raise their prices right up to the federal ceilings...
...source, OPEC oil is cheaper than dirt. The cost of drilling, pumping and moving it from the Saudi Arabian deserts to Persian Gulf ports, for example, is about 30? per bbl. That is less than 1? per gal, since there are 42 gal. in one barrel. But by the time the crude is shipped, refined and sold as gasoline to U.S. motorists, the price rises more than...
...barrel of oil can be refined into about ten different products, including 20 gal. of gasoline and 10 gal. of home heating oil. Of the two, heating oil is less expensive to make, and the oil majors spend little on advertising and transporting it. They sell this oil at about 48? per gal., a 14? markup, to wholesalers. These middlemen then sell it to retail dealers. Partly because the wholesalers pay for storage and the dealers pay for advertising and home delivery, they collectively add 14? to the final retail price of about...