Word: cuing
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Dates: during 1970-1979
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Flocking Suitors. In Wall Street jargon, Aztec had become a highly desirable "special situation," offering solid reasons for expecting big increases in profits. Total deregulation of gas prices could mean for Aztec a price of about $1.50 per 1,000 cu. ft. of gas-almost four times its current average. Nearer term, Aztec is suing Southern Union to force it to pay the fair value price for the portion of its gas not subject to federal regulation. A compromise has been proposed that could mean a substantial immediate cash inflow to Aztec...
...August, geologists studying the crater rim found that steam escaping from widening fumaroles. or vents, had caused considerable melting of snow and weakened several large rock outcroppings; they warned that as much as 40 million cu. yds. of rock, a mass three times greater than that of Grand Coulee Dam, could break loose, slide into the lake and trigger flooding. In September, researchers from Eastern Washington State College, wearing oxygen masks to protect them from the sulfurous fumes, made their way through cave passages in a 140-ft.-thick layer of ice and snow to reach the center...
High Fine. Last week the California air resources board fined American Motors $4.3 million and banned sales of the company's Gremlins, Matadors and Hornets with 304-cu.-in. V8 engines. The board accused A.M.C. of producing polluting cars and submitting reports that falsely showed they met California standards. In Detroit, A.M.C. officials denied intentionally making any false reports. They called the fine "unreasonable" and the sales ban unjustified since only about 1,000 cars were involved. Mindful of A.M.C.'s precarious competitive position (the company lost $27.5 million in the last fiscal year), the state may reduce...
...fall that permits interstate pipelines this winter to buy gas for shipment to industrial customers at the prices charged within the producing states rather than the unrealistically low ones formerly mandated on interstate shipments. The price of the unregulated intrastate gas ranges from $ 1 to $2 per 1,000 cu...
...drastic shortages as the main argument for a bill to decontrol prices of newly drilled natural gas rapidly and permanently. Last week the FPC granted rate increases that by July will raise the price of "old" gas in production before 1973 by 6?, to 29½? per 1,000 cu. ft. "New" gas from recently developed wells is going up 1?, to 52? per 1,000 cu. ft. But the Administration contends that these rises are insufficient to spur production of natural gas, which even at the highest price sells for less than half as much as the equivalent amount...