Word: outputs
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Dates: during 1970-1979
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...project would have enabled Alaskan production, presently set at 1.2 million bbl., daily, to increase to a full 1.6 million bbl., and thus help reduce dependence on foreign oil. Without the pipeline, it would be difficult to raise the North Slope output: the West Coast is already overflowing with Alaskan crude, and Sohio is having to ship some 350,000 bbls. a day of it via tanker through the Panama Canal, a process that adds up to $1 per bbl. to the cost. What is more, oil companies are barred from exporting Alaskan oil, even if the purpose...
...initial eight-year plan, unfurled in 1978, set some Olympian goals, including a 30% increase in China's grain production, a doubling of steel output and the completion of 120 major new industrial projects by 1985. Today the general commitment to modernization remains, but there is apparently a shift in strategies and priorities. The Chinese are suddenly worried about two key problems: 1) How to pay for the transfusion of technology that will be required? 2) How to absorb it into an economy in which education levels are low, "modern" machinery is out of date...
Malnutrition and even hunger prevail throughout Viet Nam. Agricultural output declined 15% in 1978, while prospects for this year are so poor that Hanoi has already scaled down its crop estimates from the stated targets. Following widespread flooding of rice lands last September, the monthly ration of food per person was cut from 33 Ibs. to 29 Ibs. Of that, ordinary peasants and workers are allowed only a little over 2 Ibs. of rice, the staple of the Vietnamese diet...
...increase Iran's oil production from its current rate of 700,000 bbl. a day, which is barely enough to provide for the country's needs, to 3.5 million bbl. in a few months. Though that is scarcely more than half Iran's pre-revolution output, it is a reasonably ambitious target, especially since the country's oilworkers have strong leftist sentiments...
Last week two more oil majors, following the lead of Exxon and Texaco, announced that they were gloomy enough over the continuing world oil shortfall to begin rationing fuel to big customers. Phillips Petroleum and Shell, the nation's largest gasoline seller, have either cut refinery output or reduced dealers' delivery allocations; the cuts range from Shell's maximum of 8% to Phillips' much more drastic 30%. And the reductions could get worse. "After the second quarter, it's anybody's guess what will happen," says an Exxon spokesman...