Word: crude
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...Russians, claims Haldeman, were considering a "surgical" nuclear strike against the Chinese, designed to knock out new nuclear plants. But U.S. officials feared, among other things, that the Russians had only crude bombs with a radioactive fallout that might kill "every man, woman and child in Japan" and spread death "across Korea and Pacific islands where more than 250,000 American troops were stationed...
...that never leaves the state where it is produced (only gas piped across state lines is now regulated), but would raise the ceiling by about 19%. The increase would give producers more incentive to explore for new fields. The other section would increase the price of domestically produced crude oil by some 63% over the next three years through a federal tax on producers. This would bring prices to world levels set by OPEC and thereby discourage consumption...
...prices and rejected the oil tax, leaving it to a joint conference committee to thresh out a compromise. The committee has been stymied on the natural gas question and by the fractious and squabbling performance of its Senate members. As a result, it has not even got to the crude oil problem...
...shouted the protesters. They papered the walls with slogans of crude double-entendre: WHAT DID YOU GET US, ARNIE-THE SHAFT? Though the demonstrators pledged nonviolence, Miller did not enter the building. Charging them with "intimidation and threats," he postponed the meeting and later said testily: "There cannot be any further collective bargaining until this irresponsible action ceases." In his absence, members of the bargaining council took an unofficial vote. The panel of district leaders, reflecting deep dissatisfaction among the rank and file, voted down the contract...
...founded by William M. Keck, a flamboyant wildcatter ever on the alert for new oil, fresh profits and the main chance. In this pursuit, President Howard B. Keck, who took over at his father's death in 1964, is also relentless. Superior's success at sniffing out crude deposits has made it a darling of the New York Stock Exchange; last week its shares shot up 18 points to hit 279 and thus become the highest priced stock on the Big Board, ahead of IBM. Highly profitable (earnings were $51 million in 1976), Superior reportedly offered...