Word: costs
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Dates: during 1970-1979
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...follow the rising cost of crude oil and its effect on the world economy, the subject of this week's cover story, TIME correspondents and writers had to report, evaluate and coordinate the outcomes of two important summit meetings in cities 6,000 miles apart. In Tokyo, correspondents from three news bureaus were on hand when leaders of the U.S. and six other petroleum-importing countries met to forge a common strategy on the oil problem. Washington Correspondents Johanna McGeary, Gregory H. Wierzynski and George Taber followed President Carter throughout the talks and on an odyssey that included state...
...supposed to be the price rise that would somehow stabilize the chaotically climbing cost of petroleum on world markets. So much for wishful thinking. Instead of a single, stable price for crude, the 13-nation Organization of Petroleum Exporting Countries last week gave the oil-thirsting world its worst petro-gouging in more than five years. Rich and poor alike, the oil-importing nations are still struggling to recover from the recession that followed OPEC's huge price rises of 1973 and 1974. The latest assault, which is expected to send an incredible $182 billion cascading into the cartel...
Though the cartel made a halfhearted effort to pass off the new price structure as a ceiling on the rising cost of crude, not even the delegates seemed to believe it. With world demand exceeding supply, nations appear willing to pay virtually any price. Said one Indonesian delegate: "We're faced with a shortage of oil that seems irreversible. It is hard to believe that prices can be kept down." The former U.S. Ambassador to Saudi Arabia, James Akins, now a private oil-industry consultant, asserts, "The first time that any oil-importing nation offers a price above...
Harvard will eventually upgrade all of its 37 properties in the river area, but is cleaning up only ten now to estimate the cost, John Wilson, vice president for property management, said yesterday. He added no cost estimates are available...
Security for the protest cost LILCO an estimated $250,000, and the Suffolk Co. police $150,000 more; the expenses, naturally, would be passed on to ratepayers and taxpayers. The occupation attempt brought construct on, normally light on a Sunday, to a one-day halt, a short-lived moral victory. Proceedings for the arrested clogged District Court in Hauppauge for a week, and about half of the protesters have turned down an offer to have the charges dismissed in six months and instead opted to plead not guilty and demand a jury trial. Self-defense, they'll say, and repeat...