Word: billions
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Dates: during 1970-1979
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...When the measure failed to pass, he switched to the Republican solution--oil price decontrol. He did not, as he should have, make his decision to decontrol oil prices conditional on a strong windfall profits tax. Nor did he push for legislation requiring the oil giants to invest the billions they will gain from his decontrol decision in energy development. (The Senate-passed windfall profits tax leaves the oil companies with a mind-boggling $314 billion take on Carter's decontrol decision. That's more than double the annual appropriation for defense spending.) Instead, the oil companies may well choose...
Carter has thrown in his lot with the alternative annointed by the oil industry, pushing his $88 billion crash plan for synthetic fuels. Kennedy has opposed Carter's plan, saying that the country should not make the nuclear power mistake again--investing massively in an energy source before knowing its costs. Already, doubts about the environmental and economic soundness of synthetic fuels are cropping...
...results give nine billion years as the approximate age of the universe. Most previously accepted estimates of the universe's age ranged from 15 to 18 billion years. (The Earth and the solar system are about 4.6 billion years...
...latest episode of rhetorical overkill may have won him some election campaign points, coming when oil companies have been announcing unexpectedly high profits. Last week, following reports by other major oil companies of large third-quarter profit boosts, including Exxon's 118% rise to a record $1.1 billion, the Standard Oil Co. of California announced a quarterly gain of 110%. Ten of the largest U.S. oil companies showed third-quarter gains averaging...
...fuel, which cost 25? per gal. in 1970, is now 70? and rising fast; today fuel accounts for about 30% of an airline's operating costs, up from 16% only two years ago. Having earned more than $1 billion in the first nine months of 1978, the industry cleared only $580 million in the same period this year, and all carriers are scrambling to cut costs. TWA has laid off 2,500 employees; and United, which was grounded by a long strike last spring and is now being hurt by passengers cashing in and flying on half-fare coupons...