Word: boosting
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Dates: during 1970-1979
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Besides stricter conservation, one vital policy for the U.S. is to boost the use of coal and the production of syntheic fuels, including shale oil. The U.S. could be producing as much as 6 million bbl. of "synfuels" a day by 1990, equal to about 75% of all current imports. Jimmy Carter wants the financing for his own more modest synfuels program to come from his proposed windfall profits tax; it would be levied on the increased revenues that U.S. oil companies have been earning since price controls on oil began to be phased out last June. But Congress must...
...decision to boost defense spending was one of the most dramatic changes in the presidency of Jimmy Carter, who once vowed to reduce the Pentagon's bud get. Said Carter: "Regardless of other disagreements, we are united in the belief that we must have a strong defense." By increasing military spending, he simulta- neously improved chances for the passage of SALT...
Company officers are extremely wary of divulging details of their business, and slips can prove costly. Example: much of Saudi Arabia's ability to restrain OPEC from driving up prices has depended on whether the Saudis can convincingly threaten to boost production enough to create periodic petroleum gluts. Yet high Aramco officers are among the few people who know the real size of Saudi Arabia's production capacity. Last spring Exxon and Socal divulged to the Justice Department, in its ongoing anti-trust investigation of the oil industry, that Aramco had little spare capacity. That statement helped...
Fast food chains such as McDonald's, Wendy's and Howard Johnson's would suffer. Restaurants near population centers would surge. So would air travel, as people flew on vacation instead of driving. That would boost sales of more fuel-efficient jets, and Boeing, Lockheed, McDonnell Douglas and other planemakers would benefit. But resorts in South Florida and New York's Catskills would be hit hard because most people go there by car. Roadside motels would suffer, but rents of apartments and values of houses close to city centers and public transit would climb...
...threatening to flood the world market with crude, a tactic that Petroleum Minister Ahmed Zaki Yamani successfully employed as recently as late 1976. The key reason is that the Saudi fields are reaching maturity, and it would take years of work and billions of dollars in fresh investments to boost daily production of about 9.5 million bbl. by very much for any length of time...