Word: peaks
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Like the petroleum crisis of the past decade, which threatened the industrial might of the West, the oil slide is changing the balance of economic power. The price drop, from a peak of $35 per bbl. in 1981, has greatly reduced the flow of billions upon billions of dollars from consuming countries to the producers. The so-called petrodollar drain of 1979-83 had contributed to the worst global economic slump since the Great Depression. But cheap oil will act as a giant tax cut, or perhaps a lottery jackpot, for the consumers and businesses of such large industrial countries...
...price war began when Saudi Arabia got fed up with its OPEC partners. For years the kingdom, which holds about one-fourth of the world's oil reserves, tried almost single-handed to prop up prices by curbing its production. The country wound up slashing its output from a peak of 10.3 million bbl. a day in 1981 to ! a low of 2 million bbl. a day last June. During that time its annual oil revenue fell from $113 billion to $28 billion. Many of the other twelve countries in OPEC, meanwhile, conducted a thriving business by secretly cheating...
...used to carry out its covert operations all over the world. Owned by a holding company, the Pacific Corp., that was itself a CIA front, Doole's empire included Air America, Civil Air Transport, Southern Air Transport, Air Asia and dozens of small puddle-jumper lines. Together, at their peak in the mid '60s, these CIA "proprietaries" added up to an airline that was almost the size of TWA, employing nearly 20,000 people (as many as the CIA itself) and operating some 200 planes. Even the CIA was not sure just how many. Asked by then Deputy Director Helms...
...made an estimated $41 billion in IRA deposits for 1985, an increase of 14% over last year. Most consumers waited until the last few weeks before the tax deadline, even though they could legally have made last year's contributions anytime after Jan. 1, 1985. "This is the absolute peak of IRA mania right now," declares Brian Smith, senior vice president of the U.S. League of Savings Institutions...
Even though Crimson hurler Gerri Rubin wasn't in peak form yesterday--yielding seven hits over the course of the seven-inning contest--she settled down in the middle innings to stifle any Terrier comeback hopes...