Word: 1980s
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Dates: during 1970-1979
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Albert Carnesale, associate director of the PSIA who was present at the Kissinger talk, said Kissinger spoke informally for about two hours on "what kind of turns arms limitation might take in the 1980s...
...persuaded Pan Am officials to stretch the airline's thin financial resources to lease five of the planes for the New York-to-Tokyo run. Boeing also plans a brand new 180-to 200-seat medium-range 7X7, which should roll off the production lines in the early 1980s-just in time to compete with McDonnell Douglas DC-X-200 and Lockheed's "mini-trijet" derivative...
Britain's big hope remains a flood of oil wealth from under the North Sea in the 1980s. To dramatize it, Queen Elizabeth last week ceremonially pressed a button permitting oil from the first major field to flow into Britain. To muddle through until then, Wilson last week announced a program of aid to 30 industries selected for their promise of growth-but failed to say which ones they will be, whether the aid will consist of subsidies or loans or how much cash the government will put up. Until such details are spelled out, the program is little...
Whatever the figure, the stakes are high. In Britain, North Sea oil stands for nothing less than national survival, or so politicians have maintained for a decade. It offers an opportunity for Britain to become not only self-sufficient in energy but also a modest exporter, probably in the 1980s, pumping oil revenues into its sick economy, wiping out its balance of payments deficit and reversing 30 years of economic decline. Critics say the oil will afford no such panacea; they assert that Britain's problems run deeper than any cure offered by the North Sea. But even they...
...Norwegians, already rich in money and energy supplies, North Sea oil means a chance to become richer still as the "blue-eyed Arabs of the North." By the 1980s, Norway could be producing 1.8 million bbl. daily-ten times its domestic needs-and exporting as much oil as Iraq and Libya do now. For the other North Sea participants-Denmark, The Netherlands and West Germany-the waters already promise abundant oil and natural gas. It was in Holland, in fact, that a giant onshore gas discovery in 1959 pointed rightly to further riches under the North...