Word: copely
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...Caracas gathering itself revealed a cartel in deepening disarray over how to cope with the topsy-turvy world of petroleum. The yearlong production cutbacks in Iran have tightened supplies and stirred chaos in oil markets everywhere. Cartel members such as Algeria, Libya and Nigeria have been ignoring official OPEC price lists. Iran has been dreaming up gimmicks to lift the cost of crude under contracts already signed at lower prices. The favorite tactic: requiring customers to buy at least some oil at up to $45 per bbl. Customers who balked have been threatened with loss of their long-term supply...
...orthodox wisdom was that the U.S. would never suffer such hyperinflation, but that if it ever did, the whole economy would be shattered and the democratic political system would be endangered. Yet in 1979 the economy showed a remarkable resiliency and a resistance to deep recession. People learned to cope. They reduced their spending for gas-thirsty big cars and such little luxuries as hardcover books, records and tennis equipment. But they kept right on spending for other goods, particularly the high-quality and the durable, in part because they figured that almost everything would cost more tomorrow and they...
...Aunt Erma's Cope Book, Bombeck...
...Aunt Erma's Cope Book, Bombeck...
States and communities are in effect trying to cope on their own. Well before really cold weather had set in, the Hartford city council declared a "finding of public emergency" and authorized city managers to overspend by $500,000 for energy emergencies. Connecticut Governor Ella Grasso called the legislature into special session to ask for $5 million in appropriations and $11 million in borrowed funds to support loan programs to small oil dealers, homeowners and municipalities. She estimates that 40,000 families in the state will need help, mostly to pay oil bills...