Word: solvently
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...adjournment date. But that slipped by as the legislators faced an agenda overburdened by an often impatient, deadline-minded President. Thus, they found themselves last week still on Capitol Hill, spending harried hours pushing through major bills and tying up loose ends. To keep the Social Security system solvent, the House passed a measure that would triple taxes by 1987?and will alienate a lot of voters long before that. Whether the Senate would go along?or even face up to the unpopular issue? before adjournment was questionable. The House also served bold notice that it would not even consider...
...Texaco does alright for itself. It is number four on a Fortune 500 list that boasts eight oil companies in the top 15 American corporations. While the public may not have the pergallon rate precisely right, they are not far off by thinking the oil companies are more than solvent...
...Sociologist Daniel Bell put it recently, "If economic growth, which has been the means of raising a large portion of the world into the middle class-and also a political solvent to meet the rising expectations of people and finance social welfare expenditures-cannot continue, then the tensions that are being generated will wrack every advanced industrial society and polarize the confrontation between the South ... and the advanced industrialized capitalist societies of the West." IMF directors would doubtless reply that that is a prophecy of apocalypse tomorrow-and they have their hands full warding off disaster...
...example, in most U.S. fields, two-thirds of the oil is left behind in drilled wells as the gas pressure decreases and the flow becomes weak. So-called secondary and tertiary methods, which involve pumping water or solvent chemicals into wells can bring out much more. In recognition of the high cost of such "enhanced" recovery, the Carter energy program would free oil produced by those methods from domestic price controls, thereby rewarding the producer with a handsome potential profit...
...indifference, indecision and delay," complained Donald L. Bower, president of Chevron U.S.A. But, he added, "there are measures our nation can undertake to slow and later reverse its increasing dependency on foreign energy." He stressed the need for additional discoveries and the widespread application of methods, such as pumping solvent chemicals into depleted wells, to get more oil out of older fields. "By 1985 more than 40% of total domestic production must come from new discoveries or enhanced recovery projects." Bower was pessimistic about the outlook for domestic natural gas. By 1981, he thinks, falling natural-gas supplies will...