Word: yielded
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Dates: during 1970-1979
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...fixed interest rates. They fear that rampant inflation will make a rate that looks attractive now unfavorable in a decade or so. For American lenders, the advantage of buying the Yankee bonds is simple: they collect more interest. Foreign borrowers pay .5% to 1% more than the general yield on triple-A bonds issued by U.S. industrial corporations (now under 8% long term). Yet for foreign borrowers, this high cost of U.S. money remains competitive in most instances with interest rates in the Eurocurrency market, although currency fluctuations can make one or the other market momentarily more attractive...
...business, the U.S. Department of Energy is providing funds to assemble information on the Gulf Coast's geopressured zones. In theory, the water from these zones, emerging at a wellhead pressure of 6,000 lbs. per sq. in. and a temperature much above boiling, could spin turbines and yield heat for such purposes as oil refining, food processing and rice drying. The gas that is dissolved underground in the hot water fizzes out of solution at atmospheric pressure to be captured for fuel. The billion-dollar question is whether all this can be done at an economic cost...
...conference on geopressure at the University of Southwest Louisiana in November, a research team that had converted an abandoned gas well into a geopressured test hole reported recovering 10,300 bbl. a day of superheated gas-saturated brine, which yielded up 1.5 million cu. ft. of gas. The Department of Energy's David Lombard estimates that a geopressured well would have to yield 40,000 bbl. of water a day for five to ten years to turn a profit. Whether the reservoirs can produce at that volume is one of the questions to be answered by drilling a series...
Although Adam B. Ulam, professor of government, is not "a big fan of turkey," he will yield to tradition. "I'll eat whatever my wife gives me," he said...
Does this suggest that Americans are incapable of sacrifice for the national interest in the energy crisis? Not necessarily. Observers as far back as Alexis de Tocqueville have noted the typical American's willingness to yield self-interest for the common good. Yet the U.S., like every known democracy, tends to put off dealing with crisis until a bit after the eleventh hour. "Americans," as Dean Rusk once said, "have a way of doing at the end of the day what they don't want to do at noon...