Word: currently
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Dates: during 1970-1979
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Since January, gasoline prices have risen by about 45%, to a current national average of $1.01 per gal. Daniel Lundberg, whose Lundberg Letter is widely regarded as the most reliable gauge of gasoline marketing trends, figures that prices are poised to jump to $1.18 per gal. by year's end, a startling 17% rise in a little more than a month. Reason: with the troubles in Iran, big industrial users of oil as well as gasoline will now begin building up their stockpiles and tightening the market, sending prices soaring. That will put a pinch on the already strained...
...increase when the cartel meets in Caracas on Dec. 17. Notes a top Carter Administration official: "Spot prices are the locomotive now dragging OPEC prices along." Adds Data Resources' Eckstein: "Our present forecast has OPEC prices going to $26 per bbl. during 1980, as a result of the current situation in Iran, and perhaps $29 in 1981. But if Iran's production shuts down completely, the resulting shortfall would mean that we could well be paying between $35 and $40 long before then...
...fact, an interagency White House task force last week reported that there is a "substantial risk" of a drop in OPEC output of as much as 3 million bbl., an amount just about equal to total current Iranian production. The drop would be caused by expected cutbacks early next year by Saudi Arabia, Kuwait, Iraq, Nigeria and Libya. Thus oil prices stand to rise considerably even if Iran does not reduce its current production...
...lessen the chances of making errors, Reagan carefully prepared for the battle during the months that he delayed making his formal announcement. He has kept on top of current events, and made sure his name has stayed familiar by writing a column of commentary for 105 newspapers and broadcast messages for 270 radio stations. He has traveled half a million miles since last March as a dinner speaker, charging up to $10,000 for each appearance and raising some $3 million for local Republican candidates. In recent months he has spent several hours a week being briefed intensively on both...
...every scientist agrees. Says John Ryther, another Woods Hole biologist: "I don't believe drilling will cause mass mortalities of fish." The Government maintains that the leases cover no spawning grounds on Georges Bank, and that the prevailing currents could easily sweep an oil slick to sea. Secretary of the Interior Cecil Andrus notes that of 292 million bbl. of oil produced last year from off-shore U.S. wells, only two spills exceeded 50 bbl., the largest losing only 135 bbl. Besides, the oil revenues that could be realized even from a small reserve at Georges Bank are hard...