Word: outputs
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Dates: during 1970-1979
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...other members of OPEC have never increased production enough to make up for the curtailment of supplies from Iran. The situation raises two questions: 1) Which products should be rushed out? The Department of Energy has never seemed able to make up its mind whether to urge maximum output of gasoline or of distillates (heating oil and diesel fuel), though last week Schlesinger came down firmly on the side of distillates. 2) How fast should refineries run down their stocks of crude oil in order to supply gasoline, heating oil and other end-products right...
...better get used to coping with shortages. The one in 1973-74 disappeared quickly after OPEC turned on the spigot following the end of the Arab oil embargo. The cartel seems unlikely to do so again, and even if it did, no one could trust an increase in output to last. Meanwhile, the threat of economic slowdown and runaway inflation in the non-Communist world gets stronger every...
...hold the line" with a raise of a mere 20% to 25%, arguing that this will remove the need for premiums and surcharges. But only a sharp increase in production will accomplish that, and so far the Saudis have given no sign of being willing to boost their output of 8.5 million bbl. per day by more than...
...plan would also help set a free-market ceiling price for oil in the U.S. itself. Reason: If OPEC tried to sell crude at a higher price, customers would turn to the synthetic fuel instead, and rising demand would encourage companies to boost output and build more plants. Says the bill's author, Pennsylvania Democrat William Moorhead: "The need for this approach is clearly established, and private enterprise is just not powerful enough to go it alone." Adds Irving Shapiro, chairman of Du Pont chemicals: "During war we declare a national emergency, pass a war powers act and give...
...fervor of this painting, almost literally an opposition of fire and ice, is comparatively rare in Chardin's output. Generally his still lifes declare themselves more slowly. One needs to savor the Jar of Apricots, for instance, before discovering its resonances, which are not only visual but tactile: how the tambour lid of the round box accords with the oval shape of the canvas itself and is echoed by the drumlike tightness of the paper tied over the apricot jar; how the horizontal axis of the table is played upon by the stuttering line of red-wineglass, fruit...