Word: crunchingly
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Dates: during 1970-1979
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...asked only, 'Which stocks do you recommend?' " he says. "Now, people grab me at lunch and ask about our stories on the oil crisis. People are genuinely interested and confused about the causes and prescriptions for solutions of such problems as inflation and the energy crunch...
...housing from falling through the floor. Besides, businessmen have cautiously avoided the excesses that in the past have led to precipitate tumbles. Inventories in warehouses and on store shelves are lean, although Otto Eckstein, head of Data Resources Inc., notes that the Iranian crisis and fear of an oil crunch have lately moved some businessmen to stock up in fear of more general shortages...
Iran started turning off its oil spigots last October and completely shut down exports on Dec. 26, but the resulting shortage in world crude supplies has not yet significantly hit oil-thirsty consumers. The crunch of '79, however, will soon become real enough to hurt. The last tankers loaded with Iranian crude have completed their monthlong, 11,000-mile voyage to America's East Coast ports and more and more large U.S. oil companies are cautiously beginning to husband their stockpiles to prepare for a long energy siege...
...military and civilian clothes, and it's commonplace to be stopped by some kid of 13 who pokes a submachine gun into your stomach." The language problem makes matters worse. "Only one correspondent in the international press corps here speaks Farsi," says van Voorst. "In a crunch you don't know whether a gunman is ordering you to lie down or stand...
...value of the mystic metal that thrives on crisis. Viet Nam's invasion of Cambodia, which began late in December, was one such event, but gold's biggest boost lately has been the winter-long turmoil in Iran. As investors have grown fearful of another energy crunch, the price has surged from under $200 per oz. in mid-autumn to a record $254 two weeks...