Word: output
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...decades, Statoil and Hydro relied on the plentiful reserves on the Norwegian continental shelf for almost all their output; last year that area off the country's north and west shores accounted for more than four-fifths of the two firms' production. That bounty has made this nation of just 4.6 million people rich. Government taxes on the country's oil business--Norway is the world's fifth largest exporter by volume--have helped bloat Norway's national pension fund to around $350 billion. But those good times couldn't last forever. With fields beginning to dry up, oil production...
...biggest rivals. After the megamergers of the late 1990s--such as Exxon with Mobil and BP with Amoco--the Norwegian firm ranks as only the 10th largest in the world in production. StatoilHydro might churn out 1.9 million bbl. per day, but that's less than half the daily output...
...Global Climate Disruption.” Holdren, who served on Clinton’s Advisory Committee on Science and Technology, said that the U.S. should lead the formation of a new set of global standards that would reduce the ratio of greenhouse gas emissions to economic output in the short-term and develop tradeable rights to emissions based on population in the long-term. The Kyoto Protocol, which commits nations to reduce greenhouse gas emissions, will expire in 2012. The U.S. has not ratified the agreement. “The United States must switch from being a laggard in climate...
...addition to the price increase, which went into effect Thursday, the government also said it will require the country's biggest refiner, state-owned China Petroleum & Chemical Corp., known as Sinopec, to increase output and imports of oil products. Sinopec said Wednesday it will run its refineries at full capacity in November, bearing "heavy losses" to guarantee market supply. It will also halt all exports of gasoline and diesel for the time being. As in the past, however, any losses will likely be covered by billions of dollars in government subsidies...
...works by leading local artists. Le Thiet Cuong, for instance, paints deceptively simple rural scenes that evoke his childhood when he was evacuated to the countryside because of war. A prodigious painter, he is sometimes criticized for pumping out too much too fast. Yet part of his purported output comes courtesy of a bevy of knock-off specialists who hawk canvases adorned with his forged signature. Just down the road from a gallery that sells his real works for $5,000, another art space sells fakes for just $300. Cuong has tried to police these dishonest dealers...