Word: buying
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Dates: during 1970-1979
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...basic situation: the cartel's 13 member nations are now pumping roughly 31 million bbl. of crude out of the ground each day, 2 million bbl. more than last year, but still 2 million bbl. less than nations want to buy in order to keep their factories humming. The shortage has set off a scramble that permits OPEC to charge almost any price its members wish; some U.S. officials fear that the cartel will ram through yet another 15% increase by year's end. The only way to head it off, say government leaders around the world (including OPEC leaders...
...driver in New York City has to wait in line for hours to buy a few gallons of gas, why is there plenty available for a driver in, say, What Cheer, Iowa? The answer lies in some complicated federal regulations that were originally designed, oddly enough, to prevent such inequities...
...jurisdiction in the matter. Chairman Henry ("Scoop") Jackson called the Senate Energy Committee together at the unheard-of hour of 7 a.m. last Wednesday to start work on his own synthetic-fuels bill. Said Scoop: "People who never saw the sun rise are now getting up before dawn to buy gasoline. We are getting started a little later than that." Both House and Senate leaders are promising floor votes on synthetic-fuels bills in July The leading possibility is a House proposal to have the Government guarantee a market and a price tc synthetic-fuels makers al a cost...
Says George Sullivan, national organizer for the Fraternal Association of Steel Haulers (FASH): "We have to live with innumerable rules and regulations that take up all your time. You have to get 197 different permits if you drive in 48 states. You have to buy a permit to buy fuel in a state and then tell them how many miles you drive and send them back money for driving through. When the truckers are making money, they can put up with all that. But when they're not making money, they get very hostile...
...solar "bank" to subsidize and lower the interest charged by commercial institutions for loans to buy solar equipment. The Administration forecasts that the bank, which will have initial funding of $100 million, will result in more than 100,000 new solar units each year...