Word: belts
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Dates: during 1970-1979
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...outside or "exogenous" factors that lie beyond the power of economists to control. They cannot be held accountable for poor grain harvests, such as occurred in 1972, for the harsh winters of 1977 and 1978, or for the weather of last year that cut into harvests in the citrus belt. Government economists also argue that price gouging by foreign oil producers is exogenous. True, but only partly so. Not only did inflation in the industrial countries encourage the 13-nation OPEC cartel to quintuple its prices in 1973-74, but the accelerating U.S. price spiral provides the cartel with...
That was the highlight of Freshman Week in Stoughton Hall. It was not entirely unheralded: I had had premonitions of disaster when I climbed up the four very long flights to my cavernous one-room double and stared at my roommate with the calculator looped around her belt. I had worried about the place when I met the guy downstairs who bleached his hair ash blond and posted death poetry, embellished by skull and crossbones, on his door. I got nervous when I heard the strains of opera punctuated by very loud and horrifyingly off-key singing in the room...
...most exciting strike was made in 1975 when a drilling crew hit oil and gas deep in northern Utah's Pineview Field in what is known as the "Overthrust Belt." A giant geologic knot that twists from southern Colorado to the Canadian border, the belt was not considered worth serious exploration at previous prices because of the tough and expensive drilling conditions. Pools of oil and gas are randomly located and perched on top of one another, and such formations make traditional exploration and analysis difficult, if not impossible. Says A.B. ("Pete") Slaybaugh, chief of Continental...
...nation's oil shale and some of its most promising new sources of coal and oil. The U.S. Gulf Coast may also be awash with dollars, as drilling companies search for hard-to-get methane gas in deep rock strata. In grain-growing Iowa, Kansas and other farm-belt states, some 1,000 service stations are selling gasohol, made from gasoline with a 10% lacing of grain alcohol, and Carter's program would enable production to jump. Says Robert Chambers of Iowa's A.C.R. Process Corp., an engineering firm for distilleries: "I've been dealing with...
Farther out, beyond the asteriod belt, Jupiter has been visited by several unmanned spacecraft, most recently Voyagers I and II. The most massive planet in the solar system has no surface to speak of, but the patterns in its stormy atmosphere and bands of swirling colors would please Dali. Also, Saturn no longer has a monopoly on rings. For hundreds of years, it looked that way, but since 1977 rings have been discovered around both Uranus and Jupiter. Surprise...