Word: crude
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Dates: during 1970-1979
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...crisis. The gasoline retailers blamed the oil producers for zooming prices at the pumps. Sniped Victor Rasheed, president of the Virginia Retail Dealers Association: "There has been some price gouging, perhaps, by the oil companies." The oil producers, in turn, blamed the problem on a shortage of crude, chiefly caused by cutbacks in pumping by the OPEC nations. Gulf Oil Corp. Chairman Jerry McAfee urged "that we avoid finger pointing and name calling that does nobody any good...
...nuclear energy. And third, I will point to the great danger that if nuclear energy is not developed fast enough, wars may become possible for the single reason of competition for oil and natural gas. And I think that the scarcity of oil and the rising prices for crude, which are a menace to the functioning of our economies, can lead to wars. This problem has to be understood as a grave one for the last two decades of this century...
...fine tuning seems momentarily to be replenishing crude-oil stocks largely because the Administration is now urging oil companies to go out and buy whatever crude they can acquire on the world market. Diesel fuel and heating oil remain critical problems. Diesel is still generally available to farmers and truckers, though at prices that brought a column of truckers to Washington last week to double-park their rigs in front of the White House in protest. But heating-oil stocks have dwindled to only about 85% of last year's levels, and they must be rebuilt by autumn...
...which many members of the University community have become accustomed of late. President Bok, in his refusal to address or even recognize the existence of the peaceful protestors who attended the opening, yet again demonstrated his unwillingness to confront the South Africa issue openly and forcefully. Meanwhile, the often crude and threatening efforts of Kennedy School administrators to deter the protestors from having their say--including their insistence that the demonstrators violated an "agreement" that never existed--reflects a frame of mind that values the forms of pomp and ceremony over the substance of debate about meaningful issues. We sincerely...
...point, that even if the big oil companies were withholding gas supplies in order to await higher prices, the overall scarcity of oil is real, absolute and ultimately irreversible. The U.S., with 28.6% of the industrial West's population, accounts for 70% of its daily consumption of crude oil. Even with U.S. gas prices going up toward $1 a gallon, Americans are still paying unusually low prices; Europeans for years have been paying two or three times as much for gas as Americans. The price in France was $2.44 a gallon last week. But Americans go on printing more...