Word: crude
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Just three years ago, the plan to develop synthetic fuels was to be another Manhattan Project, a dramatic, accelerated national effort to meet energy needs from American resources and help make the U.S. less dependent on foreign crude. Its cost: up to $88 billion, 44 times the World War II effort to build an atomic bomb...
Crowds lined the shores of the Charles Saturday to watch another crude flotilla of makeshift rafts exchange rounds of water balloons, fruit vegetables, eggs and less familiar objects. Thankfully, there were no dead mice this year...
Another Reagan policy that has paid off in lower inflation is the President's decision last January to scrap remaining controls on crude oil and refined-petroleum products. That helped to increase the glut in world oil markets, which caused the drop in world petroleum prices...
...widespread resistance was cooperating extensively with the old-line revolutionaries. Stuff and nonsense--"traditional" leftism was the wart on the log in the hole of the bottom of the sea. (By contrast, Podhoretz mentions Students for a Democratic Society (SDS) exactly once, and that reference is to their "crude..." propaganda--a laughable charge to anyone who has read The Port Huron Statement, one of the most troubling and insightful documents of the decade...
...result of the sliding price of crude and the rising deficit, the White House is actively considering a variety of tax proposals that would both raise revenue and keep consumption from jumping up again. Proposals under consideration include a $5 or $10 per bbl. surcharge on imported oil and an increase of 50 in the federal excise tax on gasoline. President Reagan has yet to indicate his position on these staff proposals...