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...agreement to set a maximum price was forced on the cartel by the current miniglut of oil. Greater conservation and the sharp recession in the U.S. have decreased the world's thirst for petroleum. OPEC's economics experts told the ministers at the beginning of the meeting that world oil production is now about 1 million to 2 million bbl. per day greater than demand. The excess output is acting as a restraint on countries wishing to push the price of oil ever higher. Said Sheik Ahmed Zaki Yamani, the Saudi oil minister, after the meeting: "The agreement...

Author: /time Magazine | Title: ENERGY: OPEC Raises the Ceiling | 6/23/1980 | See Source »

...Toronto fans' hunger for wins was mild measured against their thirst for beer. Ontario's priggish provincial government deemed the vending of alcoholic beverages at the ballpark immoral...

Author: By Laurence S. Grafstein, | Title: What If the Blue Jays Abscond With the A.L. East Crown? | 5/16/1980 | See Source »

...wife when Mom's illness was uncovered. He met Dierdre through their common analyst, Dr. James. In her apartment, while Henny's on the operating table, they spill out their tribulations and prayers. Their idiocyncrasies, it seems, know no bounds; as well as Dr. James, they share an unquenchable thirst for books. They talk in allusion, carry old volumes everywhere, and make love while reciting from yellowed Byron, cut just for the occasion. At least, they're about to, they're about to, when the phone rings. It's Valerie, the girl Scooper's escorting to Haiti...

Author: By Jamie O. Aisenberg, | Title: The Big Apple Turned Over | 12/11/1979 | See Source »

...line-up of cars has shrunk from six to three: Concord, Spirit and Pacer. While analysts say that they are not making money, the high-profit Jeep continues to rake it in. There was some sales softness earlier in the year because of its fuel thirst, but the Jeep rebounded strongly in September and October...

Author: /time Magazine | Title: Business: AMC's Charge | 11/19/1979 | See Source »

...long been legendary. The sales volume of the local liquor store in Charlottesville is third highest in the state. One Charlottesville wholesaler even offers a ''Dial-a-keg" service, complete with a fleet of truck drivers equipped with radio-telephone beepers, to keep up with scholarly thirst. But at a recent University of Virginia fraternity rush, guests actually drained the Pepsi kegs before the beer ran out. ''That had never happened before," says Associate Dean of Students Annette Gibbs, adding, "Boy, were they embarrassed...

Author: /time Magazine | Title: Education: Going Back to the Booze | 11/5/1979 | See Source »

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