Word: crude
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Bruck seems nearly to adopt the tone and format of Stone's paper. The movie is compressed, ironic, a little crude in style, but vigorous and cutting in its anger. Stone used to box off conflicting quotations or incidental insights for ironic illustrative effect in the news letter, and Bruck does something similar here. He shows Stone making a general point about the dangers of newsmen getting chummy with their sources, then cuts away to a scene of Ron Ziegler playing tennis with an ABC correspondent, while Tricia Nixon looks on. He shows Stone elaborating on the general slipperiness...
...most in need, probably in the Northeast and on the West Coast. Existing legislation merely authorized the Administration to allocate fuel, but Nixon has used that power sparingly and reluctantly, and the program has faltered. The new legislation, which the President has said he will sign, includes gasoline and crude oil, both of which are now allocated on a loose voluntary basis...
...that they were now peering into a future that was at best murky. For one thing, no one is certain how long the Arab oil squeeze will last or of the exact size of the petroleum gap (estimates range from 2.5 million bbl. to 3 million bbl. daily of crude and refined products). Most important, there are no adequate models that might foretell how the U.S. economy will react to the first energy scarcity in its history. Explains Alan Greenspan, a consultant who frequently advises the Nixon Administration: "In classic forecasting, we have worked in a conceptual framework into which...
...second possible cause, he said, was that the government until recently maintained import quotas on crude oil, and the industry feared it would not be allowed to import enough oil to justify building the refineries...
...duck the impact of the shortages, it can be softened. Last week heating oil came under the Government's nationwide allocation plan to distribute fuel more equitably among and within the states. Propane has been subject to allocation for more than a month, though gasoline and crude oil are still exempt...