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...felt the pinch more keenly than heating-oil customers. During the brutal cold snap last month, when temperatures hovered in the single digits even in parts of the Sunbelt, fuel oil was in such demand that some distributors ran dry. The clamor for supply pushed prices up as high as $1.50 per gal., a 50% increase in one month...

Author: /time Magazine | Title: Over A Barrel: Oil Supplies | 1/22/1990 | See Source »

...zero, the record high for the year." Lemonick was relieved to return to the relatively mild climes of McMurdo Station, where the temperatures hovered in the 30s. He might have enjoyed McMurdo even more had he known what was waiting for him back in New York City: a cold snap, with temperatures dipping into the teens. For all its ; harsh splendor, Antarctica suddenly seemed as welcoming as a summer beach...

Author: /time Magazine | Title: From the Publisher: Jan 15 1990 | 1/15/1990 | See Source »

Demands for lower-cost medications put pressure on the pharmaceutical industry. -- The cold snap causes crop losses and heating-oil price hikes...

Author: /time Magazine | Title: Time Magazine Contents Page | 1/8/1990 | See Source »

...growers who normally produce about 75% of the U.S. citrus crop (worth some $3.5 billion in 1989) had tried to prepare for the worst. They banked orange, lemon and grapefruit trees with extra dirt and fired up smudge pots to raise the temperature in their groves. But the cold snap -- with wind-chill temperatures of -5 degrees F as far south as Orlando -- lasted too long for such stopgap measures. Many strawberry, orange and grapefruit crops were completely ruined. Said Ben Abbitt, general manager of the Haines City Citrus Growers Association, Florida's biggest orange producer: "Mother Nature took...

Author: /time Magazine | Title: What Rimes with Citrus? | 1/8/1990 | See Source »

...military machine may still look formidable from 22,000 miles up, the altitude from which American spy satellites snap pictures of armored columns on maneuver. But at ground level, the Soviet army looks more like a lot of bewildered 17-year-olds, many of them far from their backward, non- Russian homelands, bouncing around in the back of clunky trucks on potholed roads leading nowhere useful to their country's devastated economy. Yet they are counted under the ominous rubric of 4.25 million men under arms in the Warsaw Pact. So are over a million troops, most of them draftees...

Author: /time Magazine | Title: Rethinking The Red Menace | 1/1/1990 | See Source »

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