Word: crude
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Good News. Ford also got tangled up with a compromise energy bill that would reduce the price of domestic crude by 12% and then allow it to rise gradually over the following 40 months. At least in the short run, that would be good news for Americans who own cars or oil burners. But it infuriated Reagan, the oil industry and the oil-producing states, which claimed that holding down the price of domestic oil would dry up capital needed for the risky business of drilling for new supplies. Ford was plainly damned if he vetoed the bill and damned...
ENERGY. To resolve a year-long stalemate with Congress over how to cope with the energy crisis, Federal Energy Administrator Frank Zarb actively intervened on the Hill to work out a compromise that would roll back the price of domestic crude oil by about 12%, then gradually phase out controls during the ensuing 40 months. Zarb estimated that the bill could cut the price of gasoline and fuel oil by as much as 2.5? per gal., then let it rise gradually...
...industry, a traditional bastion of Republican strength, is bitterly opposed to the bill. Oilmen argue that a price cut in crude oil would reduce the incentive to drill wells in search of new sources of supply. Reagan has urged the President to veto the bill. At week's end Ford's closest advisers were still not certain whether the President would turn down the bill, thereby repudiating Zarb and angering millions of Americans who drive cars or heat their homes with oil. The odds that Congress would overturn a veto are too close to call...
...Society, a travel-oriented organization based in Coral Gables, Fla., have another explanation. They believe that the Nazcas laid out their remarkable figures while being guided by observers hovering above them in a hot-air balloon. In an attempt to prove their point, I.E.S. members last month flew a crude balloon over the figures...
...nuclear fuel. But long-lived plutonium is deadly to man and must be handled carefully. A tiny speck in the lungs, for example, can cause cancer. More important, plutonium is the prime ingredient of atomic bombs; as little as 22 lbs. is all that is required for a crude fission bomb with the explosive force of 100 tons of TNT. Thus the material must be safeguarded so as not to fall into the hands of terrorists or blackmailers - and this requires tight security regulations. Nader and other critics worry about the unlikely prospect that such security measures would turn...