Word: peak
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Dates: during 1980-1989
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...budgeted $35.7 billion for drilling and exploration this year, 14% less than in 1982. In the field, only 1,882 rigs were drilling in the U.S. in the first week of April (see chart). That count was the lowest in six years and nearly 60% below the December 1981 peak of more than...
...major companies have been feeling the pain as well. In their case, however, it has taken the form of lower profits rather than bankruptcies and losses. Earnings for the two dozen largest oil producers fell to an estimated $20.3 billion last year, down nearly one-third from their 1980 peak. Exxon, the world's largest industrial company, cut its work force by 7,000, closed some 3,000 service stations and sold off 17 tankers, but reported that profits still dropped 13%, to $4.2 billion. Texaco earned $1.3 billion, down about...
...costs in some areas are down some 40% from their peak levels of two years ago. The result, for those with the capital or a gambler's nerves, is low-cost ventures that can make even cheap energy pay off. Argues Sanford McCormick, president of Houston-based McCormick Oil & Gas Co.: "At today's costs, there's nothing wrong with the exploration business at $28 a barrel. I'll take that any time...
...always a terrifying entity, whatever its goal. One thinks of lynch mobs before rape mobs, but all mobs have the same appearances and patterns, the same compulsion to tear things down or apart. The object of passion is sighted and pursued. The mob rises to a peak of pure hate, does what it does, then slinks away, its energy spent. Perhaps every mob commits rape in a way. Anybody who has ever seen a mob in action senses its latent sexuality-the collective panting, the empty ecstasy. Even at the outskirts, the voyeur participates. Eventually he may run or protest...
...lied to her both to tease her and out of shyness. Freeman also concludes that Mead was mistaken in believing that adolesence in Samoa is without trauma. He cites statistics showing that teenage delinquency in Samoa can run as much as ten times that of some western cultures, the peak year for a youth's first conviction being at 16 years...