Word: lowing
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Dates: during 1980-1989
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...dilute the impact of the committee's work and recommenations. We are also concerned by the name (Committee on Affirmative Action) since Affirmative Action is not, strictly speaking the issue--it is possible to legally follow Affirmative Action guidelines and still have a level of aggressiveness which is too low to be effective...
...Fearing a loss of market share to other OPEC producers, the Saudis boosted their output at least 15%, to more than 5 million bbl. per day. Just as it did in 1986, OPEC's longtime leader is trying to force restraint upon oil producers by pushing prices uncomfortably low. The Saudis last week sounded conciliatory, however, possibly because they believe their point is getting across...
...Low energy prices will help the industrial countries keep inflation in check. A $5 per bbl. drop in the price of oil typically translates into a 1% fall in U.S. consumer prices. Economists are predicting that U.S. inflation could reach 5% next year, vs. an estimated 4.5% for 1988. But if oil drops below $12 per bbl., says John Makin, director of fiscal policy studies at the American Enterprise Institute, inflation could ease slightly instead of rising...
...patch is relatively better able to withstand another round of low oil prices. The '86 energy rout forced many marginal producers to pack up their drill rigs for good. The firms that remain in the industry are better capitalized and more efficient. Even so, many oil-patch banks and real estate investors, still reeling from the last slump, may be unable to survive another...
...these are decidedly long-term investments. For the moment, oil prices seem capable of deep downward swings. Indonesia's Subroto, the OPEC secretary- general, has warned that prices could fall as low as $5 per bbl. if Saudi Arabia and the other overproducers were to keep flooding the market. If such predictions fail to spur the group toward cooperation over the next few weeks, OPEC may be setting the stage for the oil-price collapse...