Word: chosing
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Dates: during 1970-1979
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...split developed this summer, when most OPEC members boosted their prices from $14.55 per bbl. to a full $23.50, but the Saudis chose to go to only $18. Soon even the $23.50 barrier was broken as members began selling single shipments of oil on the spot market for as much as $40-$45 per bbl. Several members have by now begun selling crude under long-term contracts for about $26 to $27.50 per bbl., inviting additional leapfrogging increases. By going to Caracas with their petroleum once again priced close to cartel levels, the Saudis will be able to argue that...
...eight from twelve. Vacations, which had averaged five to six weeks annually, were reduced and dropped altogether for the first year. Also axed: the costly pension plan, which had been chewing up $900,000 a year, or between 6% and 7% of the operating budget. Instead, the shareholder-employees chose a combination of improved insurance benefits, bonus and profit-sharing plans, and the promise of eventual stock dividends
...last years of his life; any serious illness could have affected his performance in office and led to what many believe were unwise concessions to Stalin at the momentous Yalta Conference. Now a doctor has raised anew the suggestion that Roosevelt had terminal cancer, knew it, but chose to run for re-election in 1944 anyway so that the country, engaged in the war effort, would not be disrupted by a change in leadership...
...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 of the consent decree. Now the pipeline is so loaded with pending claims cases that Government lawyers are requiring the companies to stand in line to negotiate settlements...
...more freedom of choice will motivate them to develop more efficient, economical methods of fighting pollution. Example: the old regulations required Armco to install about $15 million worth of pollution-control equipment at its steel plant in Middletown, Ohio. Under a pilot project for the bubble plan, the company chose instead to spend $4 million to pave parking lots, seed other areas and put in sprinklers that will suppress iron oxide dust. These measures are expected to remove six times as much pollution as the costlier gear would have done...