Word: billions
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Dates: during 1970-1979
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...products, the $75 million settlement included a novel provision. Getty agreed to pay one third, or $25 million, into an escrow account to be administered by the DOE to "provide relief to economically disadvantaged people in meeting their energy expenses for this winter." These funds will supplement the $1.35 billion in Government grants that Congress has appropriated to help the poor pay their heating bills...
...fund may soon be swollen like a Christmas stocking with more cash. In the past 22 months, Paul Bloom, 40, the DOE's special counsel, has brought 150 enforcement actions totaling $7.2 billion in claims against 35 large oil companies for violating the complex, controversial federal price regulations. So far the DOE has won consent decree settlements amounting to $660 million from Kerr-McGee, Cities Service, Phillips, Gulf, Mobil and other companies. They agreed to settle by posting lower future price increases than the maximum allowed under Government regulations. Getty also chose this method for the remaining $50 million...
...A310 because the planes are so much alike: both are snub-nosed, wide-bodied, twin-engined, fuel-efficient craft. But the Boeing seats seven passengers abreast and the Airbus eight. The TWA order for 767s will probably grow to 40 or 45 by 1987. Total cost: $2 billion. Coming on top of orders from United, American and Delta, the TWA deal further assures Boeing's world supremacy in commercial plane manufacturing...
...fact, the aerospace industry is the U.S.'s second largest exporter (after agriculture), and sales of commercial jets and spare parts make up $5 billion of the industry's $9 billion contribution to the U.S. balance of payments. Until the mid-70s, U.S. planemakers had about 80% of the commercial market in the non-Communist world. But the technological success of the Anglo-French Concorde convinced Europeans that they could become powers in mass-transport aircraft competition. The Airbus consortium of West Germany, France, Britain, Spain, The Netherlands and Belgium rolled out the economical A300 and smaller, more...
...miles and better suited to shorter European distances. Except for the planes that it sold to Eastern two years ago, Airbus has yet to crack the U.S. or Canadian market. The battleground is spreading to the Middle East and North Africa, but with an astonishing backlog of almost $20 billion in orders, Boeing is still way ahead...