Word: adopt
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...world oil prices and fundamentally changed the outlook for energy supplies. In effect, the 1973-74 Arab reduction in oil output and embargo transformed Middle East oil from a low-cost, secure supply to a high-cost, insecure source. That event meant that the United States needed to adopt an energy policy that would recognize the increasingly higher value and cost of energy supplies...
Unfortunately, the U.S. has yet to adopt a policy that is appropriate to that challenge. However, it is not surprising that it has taken so long to make relatively little progress in the energy area because of the vast sums of money involved, the varying perceptions of the Another major complicating factor is that different regions of the nation are fighting one another over the money involved...
Eckstein said Carter's moves are important because the "U.S. should adopt policies to affect the goals of the Soviet Union...
Finally, Khomeini has blown apart the comfortable myth that as the Third World industrializes, it will adopt Western values, and the success of his revolution ought to force the U.S. to look for ways to foster material prosperity in Third World countries without alienating their cultures. Says Richard Bulliet, a Columbia University historian who specializes in the Middle East: "We have to realize that there are other ways of looking at the future than regarding us as being the future. It is possible that the world is not going to be homogenized along American-European lines...
Iran and Libya urged that OPEC adopt the classic market-tightening tactic of cartels: production cutbacks of 5% to 10% that would keep prices high even if demand sags. But several members, including Venezuela, resisted on grounds that production levels are a matter of national sovereignty. Among those opposing the cutbacks was Iraq, which has invested heavily in oil development and is now pumping some 3.7 million bbl. daily, making it OPEC'S second largest producer after Saudi Arabia (9.5 million...