Word: output
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Since peaking last September at $37.80 per bbl., oil prices have tumbled to below $25. This breather from high energy costs is going to be short-lived. In the past two years, members of the cartel have stuck close to their output quotas, which they demonstrated in last week's announced production pullback. That will bring crude prices above $25 per bbl. again. Should crude top $30 for a prolonged period, it will further eviscerate U.S. corporate profits and have a deeply corrosive effect on the entire U.S. economy...
...threat to the U.S., and Treasury Secretary Paul O'Neill has said as much. Nor is a meltdown in Turkey. But Argentina is only one of several dangerous financial storms brewing overseas that in combination could damage the U.S. economy. Think about sharply rising energy costs, lower output and an even shakier stock market...
...OPEC GETS POLITICAL Since peaking last September at $37.80 per bbl., oil prices have tumbled to below $25. This breather from high energy costs is going to be short-lived. In the past two years, members of the cartel have stuck close to their output quotas, which they demonstrated in last week's announced production pullback. That will bring crude prices above $25 per bbl. again. Should crude top $30 for a prolonged period, it will further eviscerate U.S. corporate profits and have a deeply corrosive effect on the entire U.S. economy...
...your Cadillac and outfit it with bulletproof glass, high-tensile body plastic, a siren and a slew of other security accessories. Since 1996 the firm's Brazilian revenues have surged more than sevenfold, to $14.5 million last year. In November, O'Gara opened a new plant to nearly double output. How solid are the cars? "Nine of our customers were attacked last year," says O'Gara Brazil president Adilson Parrella. "These people are safe today. That's a good feeling...
...charge of restructuring failing companies for the privately owned Polish Bank of Development. On the advice of Szlanta, the bank took over management of Gdynia's shares in 1996. He then used his personal banking connections to obtain desperately needed credits that would help boost the shipyard's output. He put the workers on round-the-clock shifts, which boosted productivity. In 1997 the shipyard was turning a profit of $16 million on $300 million in sales. The next year, net profits nearly doubled, to $30 million. Szlanta is highly motivated to keep the yard on a roll...