Word: cost
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Dates: during 1970-1979
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...June festival that he went home and invented a home oil refinery. It is about the size of a 55-gal. oil drum and, he says, can refine crude oil into gasoline and home heating oil at the rate of 12 gal. of each a day. The cost is slightly higher than retail: "This is not something you'll use to save money, but in an OPEC emergency it's ideal." He offers to custom-build the refineries for about $1,500 (you supply the power source...
...designation that has fallen on hard times since the demise of Lyndon Johnson's Great Society. Congressional liberals once took pride in supporting vigorous Government action to solve the nation's economic and social problems. But although most Americans still favor a high level of Government services, the increasing cost, waste and bureaucracy surrounding these services inspire many citizens to oppose Government operations that do not directly benefit them. Moreover, many of today's disputes have gone beyond the classic liberal-conservative debate. In a conflict between environmental damage and a loss of jobs, for example, there is no clear...
Robert B. Cashion '81, an assembly member from Winthrop House, said yesterday only a small number of students signed up because the cost of the roundtrip tickets was too expensive and because the train was returning too early on Saturday night. "I thought Amtrak acted a little unreasonably," he added...
...abroad, trade restrictions dramatically diminish the range of goods from which consumers can choose. Moreover, protectionism accelerates domestic inflation by forcing consumers to buy higher priced domestic goods instead of cheaper foreign products. A 1978 survey sponsored by retail organizations found that goods imported from Asia and Latin American cost, on the average, 16 per cent less than their American counterparts. Lower income groups then, the major consumers of these cheaper imported goods, suffer the most from the protectionist policies...
Fortunately, the only obstacle that means anything to oil companies--cost--may be decisive in the future of synthetic fuels. Cost estimates for liquefied coal have climbed from $7.50 per barrel of oil equivalent in 1973 to $20 in 1977, and they are still rising. Nevertheless, oil companies have pushed synthetic fuels as the solution to America's problem of dependence on OPEC. And President Carter's proposal for an $88 billion investment in synfuels shows that he swallowed the oil company line...