Word: one-month
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...Usually, the oil companies draw down their inventories steeply during the winter months anyway, then use the spring and summer to replenish their stocks. But U.S. inventories are already 10% below what they were this time last winter; they now stand at some 298 million bbl., or about a one-month supply. So if Iran's production is not resumed soon, says Energy Secretary James Schlesinger, "we would face much larger drawdowns next winter than we will have the resources to maintain...
...situation, refineries should be able to tap emergency supplies from the Government's Strategic Petroleum Reserve, but the three-year-old program is a shambles. Construction work is far behind schedule at the massive underground salt domes along the Louisiana and Texas Gulf Coast, where approximately a one-month supply of oil, or 248 million bbl., is supposed to be stored by year's end. So far only about 80 million bbl. of crude-little more than a week's supply-has been stockpiled. What is more, Energy Department technicians are still struggling with technical problems regarding...
City officials also object to another part of the plan which gives Harvard a one-month option of purchasing property owned by any Faculty member covered by the plan--raising the old specter of University expansion...
...plan also gives the University the "right of first refusal," allowing Harvard a one-month option of purchasing property owned by a faculty member under the plan...
...indeed appallingly bad, with imports exceeding exports by some $16.4 billion since January, a nearly 50% in crease from the same period of last year. Yet last week the Commerce Department released June's trade figures and, though the monthly deficit was still $1.6 billion, it was the best one-month total in more than a year and showed a $600 million improvement over May. To blame the dollar's dilemma on the stymied energy bill also seemed a reach. It is undoubtedly a disgrace that the world's largest industrial nation and principal importer of oil has no comprehensive...