Word: crude
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...King Feisal of Saudi Arabia, the biggest Mideast producer, at first decreed a 10% cut in output. But by week's end, as the war seemed to be going against the Arabs, he announced a total ban on oil shipments to the U.S. Presently, 3.4% of the crude oil consumed daily by the U.S. comes from Saudi Arabia. Libya, Algeria and Abu Dhabi also announced embargos...
...program starts out under two heavy handicaps. The first is that in order to keep from shivering this winter, the U.S. will have to import huge quantities of heating oil from Europe; but Europeans, worried that the Mideast war will cut off their crude-oil supplies, may not make the fuel available. Already Italy and Spain have clamped strict controls on heating-oil exports...
...York's First National City Bank are putting together a combination of funds, which might include money from Saudi Arabia and Kuwait, and credits and interest guarantees from the U.S. Government's Export-Import Bank. By 1977 the pipeline is expected to carry 80 million tons of crude a year, and transit fees are expected to total $150 million annually...
...program he used was the same as the one on which the book was based. Beyond this, Boyle shares the view of many computer experts that so many factors are involved in mathematical modeling on a global scale that even the best computer programs are still far too crude to make really accurate predictions...
Structural changes in the economic, social and political spheres of a society will always give rise to feelings of unease, to the sense that change is imperative. But these changes, crude Marxism notwithstanding, will not by themselves create a revolution. The task of revolutionaries is not to create social movements, not to tell Vietnamese peasants or U.S. students that all is not well with their world. Revolutionaries must provide a reasonable explanation for that confusion. The battle of ideas is the primary task, and socialists in this country have not even begun to deploy their troops...