Word: levelling
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Dates: during 1980-1989
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...OPEC would lead to a boost in crude prices. But the cartel is still fueled more by friction than by fellowship, and oil prices are plunging. Last week the cost of West Texas Intermediate, the benchmark grade of U.S. crude, dropped 4%, to $14.18 per bbl. -- its lowest level in nearly two years. Reason: although OPEC agreed last month to hold daily output to 15 million bbl., some 20 million bbl. are flooding the market each day. Among those exceeding their quotas are Iraq, Kuwait, Saudi Arabia and the United Arab Emirates. If Iran and Iraq forge a lasting peace...
That could be good news for consumers. If crude-oil output remains high and prices stay down, gasoline and heating oil will eventually cost less. But it will take at least two months for the benefits of OPEC's overproduction to trickle down to the retail level...
Four years is a long time in an athlete's career, and eight years at a world-class level of competition is almost an eternity. Yet it is a dozen years since U.S. and Soviet teams met at a Summer Olympics. Historians will long debate President Carter's 1980 decision following the invasion of Afghanistan to snub the only Olympics ever held in the Soviet Union. They will debate as well whether the Soviets avoided Los Angeles four years later out of fear about security, as claimed, or as retaliatory tit for tat. To most athletes, the underlying stratagems...
...rather, their nation does. American athletes do not lack heart or soul. Too often, they lack training time and money. The Soviet system is more extensive, more orderly and more pragmatic: if an event, however obscure, is in the Olympics, the Soviets want to compete at the highest level...
Many consider Bilozerchev beatable, especially at the hands of his teammates. Yet the burden he carries will be greater than theirs. Says Coach Aleksandrov: "It was Dima's charge to raise the sport to the next level. If he is remembered for only medals, it will be a failure...