Word: output
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Harvard, which earlier this season dropped a 77-44 decision to Princeton, the 35-point output was the squad's worst in the league since a 60-35 loss to Dartmouth in the 1948-'49 season, and the 36-point deficit its most lopsided league defeat since a 59-point loss to Columbia...
During 1985 the U.S. economy performed below its potential, sputtering along like a Corvette with a clogged carburetor. America's output grew only 2.3%, compared with a full-throttle 6.6% in 1984. But TIME's Board of Economists, * which met last week in Manhattan, predicts that the country will rev its engine again this year. The group believes that the gross national product will expand by about 3.3% during 1986, a brisk if not blistering pace...
...brought on the oil windfall is a global production binge. The Organization of Petroleum Exporting Countries is pumping about 17.5 million bbl. a day, 2.5 million bbl. more than the industrial world can use. The glut showed up in earnest late last year after Saudi Arabia nearly doubled its output in order to regain the market share it had lost to rival producers...
...that the group has in effect abandoned any effort to curb its production, thus ensuring a worsening global glut. Meeting in Vienna under dark snow clouds, a committee of oil ministers from five OPEC nations--Venezuela, Indonesia, Iraq, Kuwait and the United Arab Emirates--declined to propose any new output limit for the 13- member group. Their decision goes along with the strategy being pursued by Saudi Arabia, Kuwait and other wealthy oil producers, who are flooding the market with excess petroleum. These countries aim to push prices excruciatingly low so that non-OPEC oil countries, notably Britain and Norway...
...OPEC go from a strategy of one-for-all to a free-for-all? The cartel's disintegration began in 1981, when prices started sliding because of worldwide overproduction, partly caused by consumption cutbacks in many oil- dependent nations. To sop up the surplus, OPEC imposed output limits on its members. But that only provided a chance for such new producers as Mexico and Britain to steal business from OPEC countries, whose market share consequently dropped from 63% in 1979 to 38% currently...