Word: processes
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Dates: during 1970-1979
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...Corp., one of the world's richest industrial enterprises and perennial Most Valuable Player in the high-stakes game of international oil, the subject of this week's cover story. With help from Reporter-Researchers Lydia Chavez and Charles Alexander, Byron dissects the maddeningly complex, increasingly contentious process by which oil is discovered, delivered, refined, priced, taxed and, in too many cases, wasted...
Byron has been trying to understand that process for much of his career. A graduate of Yale and Columbia Law, he joined TIME in 1971 and reported from Bonn and London, often about business and energy, before becoming a New York-based writer two years ago. "I hear the same solutions proposed, and the same complaining I heard five years ago," he says of the current crisis. "It's like watching reruns of a depressing moviethe same scenes, the same actors and the same script...
...most severe broadside directed at the electoral process came from the Rev. Ndabaningi Sithole, Muzorewa's main rival in the election and a colleague of his on the Executive Council that runs the interim government. After the polls closed, Sithole declared the elections a thumping success; within a few hours, he was charging that "gross irregularities" had occurred. Sithole's opponents accused him of being a bad loser, since his party, a branch of the Zimbabwe African National Union, got only 14½% of the vote. Later, it was announced that his party had won twelve parliamentary seats...
OPEC'S production cutbacks are aggravating the operational headaches. To begin with, not every refinery can process every grade of crude. From high-quality Nigerian oil that contains almost no sulfur at all to the heavy goo that glubs from the ground in Kuwait, petroleum covers a wide range of viscosities and weights. But not all refineries can handle every kind of oil, and as OPEC's squeeze has intensified, supplies of light oil used for gasoline have tightened...
...process, the viewer should benefit. To be sure, cable TV may never win mass audiences for many programs. Its leaders have no intention of even trying to do so. That would mean duplicating network fare-and who would pay to watch something akin to the shows he now sees free? The networks are unrivaled at concocting programs that appeal to tens of millions, but in the process they have ignored the specialized interests that every member of the TV audience also possesses. Cable TV, in contrast, offers for profit the potential choice of programs to suit every taste...