Word: oiled
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Dates: during 1990-1999
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...pipeline network. The breach sent fuel prices soaring in the futures markets, interrupted supplies throughout Northeastern states (the pipe runs as far north as Linden, New Jersey) and forced the Houston ship channel to close down for several days. On Friday two other pipelines began leaking oil that seeped into Galveston...
...embattled Prudential Securities brokerage firm was charged today in New York with misleading 100,000 investors about its sales of $1.4 billion in risky oil and gas limited partnerships during the 1980s. But federal prosecutors, as expected, agreed to set the charges aside for three years if the company fulfils various obligations, including doubling a $330 million fund set up to reimburse investors. The upshot: a long criminal probe is now officially closed...
...overseeing Pyongyang's nuclear capabilities. Under the proposed accord, North Korea would reportedly freeze its nuclear-weapons program, allow for regular international inspections of its facilities and abide by the Nuclear Non-Proliferation Treaty. The U.S. in return would help Pyongyang meet its energy needs with coal and fuel oil and eventually help arrange for the construction of nuclear power plants worth billions of dollars...
...among the fastest-growing items in the U.S. economy, they are still running well behind imports, resulting in a gargantuan and growing trade deficit. That, however, comes about in part because the country must import such huge quantities of raw products, from coffee and bananas to crude oil, that it either cannot produce at all or not in the quantities it needs. The great fear of a few years ago was that foreign rivals would also take over manufacturing businesses, particularly high-tech firms, and reduce the U.S. work force to hamburger flipping. That fear is pretty much gone...
Even professionals and middle managers, coping with the pervasive insecurity generated by wave after wave of cutbacks, may respond not by working harder but by adopting a to-hell-with-this-company attitude. A geologist for a Houston-based oil company relates how she lost all her onetime great enthusiasm for her job after successive waves of layoffs. The worry became so great, she says, that "I would come home and go to bed earlier and earlier just not to think about my job." She was briefly promoted to a manager's position, then returned to being a geologist again...