Word: conservationism
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Dates: during 1980-1989
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OPEC never had to worry about setting individual quotas during the palmy 1970s. The group jacked up the price of oil from $1.35 per bbl. in 1970 to $29 per bbl. ten years later. But the rising prices led consumers to make strenuous efforts at conservation and attracted a flood...
> Cabrillo Village Farmworkers Cooperative Housing, Saticoy, Calif. John V. Mutlow of the Mutlow Dimster Partnership, architect. Subsidized by the Farmers Home Administration, this adobe-style project was designed for low cost, conservation of energy and family privacy.
After recession took hold around the world and global trade slumped, interest rates began at last to decline. Even so, many countries found themselves increasingly strapped for dollars with which to pay their mountainous debts. Among the most surprising victims were a number of oil-exporting nations: Mexico and Nigeria...
Wharton Econometric Forecasting Associates calculates that the bill might create a mere 40,000 jobs by the end of 1984, at the price of a 1.4% increase in the inflation rate by mid-1983. Why vote for it? For one thing, highway and bridge repairs are urgently needed, and they...
Twice in the past ten years the Organization of Petroleum Exporting Countries has sent the price of crude oil spurting, bringing riches to the 13-nation oil cartel and economic agony to just about everyone else. But now the combined effects of conservation and worldwide recession have left oil prices...