Word: cutbacks
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...allocating OPEC supplies among the consuming countries, combined with some sort of joint conservation target. Proposals for an outright buyers' cartel to control consumption, much as OPEC controls production, are thought to be too ambitious. A more realistic expectation is a simple extension of the one-year 5% cutback in oil imports pledged by the 20-nation International Energy Agency last March...
...that the gas shortage had been contrived by the oil companies. Nonetheless, a probe was being pursued by the Federal Trade Commission because statistics showed that gasoline production may have fallen more sharply than warranted. Said Alfred Dougherty Jr., the FTC's Bureau of Competition director: "If this cutback in the production of refined products was not justified by a scarcity of crude oil or other legitimate business reasons, the current gasoline shortage may be contrived." Admitted FTC Investigator Ronald Rowe: "Right now, we have a lot more questions than we have answers...
...Washington against nuclear power and the mishap at Three Mile Isle last month. The author's model for determining the rate of power plant construction pits the pro-nuclear lobby against the "ecology" lobby and predicts that at a certain point a nuclear disaster will cause a catastrophic cutback in construction...
People accept and admire the technical expertise of oilmen; it is the business side of the industry that they suspect. They fail to understand why prices keep going up, especially when the announcement of an OPEC production cutback or an increase in the cost of oil that is a month or more away by sea from the U.S. seems almost immediately to send the price of gasoline leaping at the pump...
...surplus of natural gas to fuel industrial plants and utilities. Coal-powered electricity plants in the Midwest could export surplus electricity to the East and replace imported oil. One of our greatest errors was not to build up our strategic oil reserves. Had we done so, the Iranian cutback would have had less of an impact. We should move full speed ahead with the reserve plan now because there will be another crisis some time down the road...