Word: crude
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...again. Energy executives meeting in Dallas called for a lifting of all price controls on oil and natural gas, while transportation chiefs who gathered at a minisummit in Los Angeles were cheered by United Air Lines President Edward Carlson's demand that controls be clapped on all U.S. crude oil. (At present, "old" oil- the amount of oil a company produces equal to its 1972 output -is price-controlled at $5.25 per bbl.; "new" oil is subject to no control...
...order to get from one to the other. Now, among these empty, intersecting streets, one stride seems enough; all the proportions have changed for me. You still pass by the burned debris (left by the fire of 1922) and piles of dirt which look like offal from the crude sprouting of reinforced concrete...
Maybe it was the fleshpots and schlag parlors of lovely Vienna, amid which the Organization of Petroleum Exporting Countries assembled for its quarterly meeting last week. Whatever the reason, the gathering of the 13-nation cartel that controls about two-thirds of the non-Communist world's crude oil eventually dissolved into a Mad Hatter's tea party of illogic. The sharply rising oil prices imposed by O.P.E.C. in the course of the past year have been largely responsible for spiraling international inflation. Yet delegates of the oil-producing nations, with only Saudi Arabia dissenting, voted to impose...
...Economics would dictate a cut at this time instead of a disguised increase in oil prices. World demand has been held down because, after the quadrupling of prices by O.P.E.C. in the past year, consuming nations cannot afford to buy as much oil as they would Eke and the crude shortages of last winter have given way to a surplus...
...before the little ship was boosted along by Jovian gravity on a flight path that will eventually carry it out of the solar system, it gathered more information about Jupiter than had all astronomers since Galileo first pointed his crude telescope at the planet more than three centuries ago. Now, after a lengthy study of Pioneer's wealth of data-including 80 photographs-scientists have put together a totally new image of the king of planets...