Word: cuttingly
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Dates: during 1970-1979
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...meantime, independent thinkers are busy hatching schemes to beat the system. "A great learning process is going on," says Madison Draftsman Dan Greco, who describes himself as a "lay expert" in conservation. On Block Island, R.I., where the last sizable stands of trees were cut and sent up the chimney decades ago, some residents are experimenting with drying and burning peat. Mantle kerosene lamps are in fashion through the Northeast: not only is their light soft and pleasant, but the heat they radiate is equal to almost half that of a small electric space heater...
...vent damper is an electrically operated plate that blocks the flue during an oil-or gas-burning furnace's off cycle, thus retaining the heat. The plate then rotates to an open position when the unit trips on again. Department of Energy studies show that dampers can cut fuel consumption by an average 19% annually. Several manufacturers produce the device; one is the Flair Manufacturing Corp., whose product costs from $200 to $400 installed...
Since Americans use much more oil than anyone else, they need to cut back the most. As the Senate last week approved the outlines of a windfall-profits tax on the oil industry, Jimmy Carter was considering a steep new federal tax on retail gasoline. His economists argue passionately for it, but his political advisers worry about a backlash at the polls in November. Illinois Congressman John Anderson, a dark horse Republican presidential candidate, submitted a bill calling for a tax of 50? per gal., with the revenues to be used to chop Social Security taxes approximately in half. That...
...career-long Aramco engineering manager, on down, executives remain determined to do nothing that would anger their Saudi hosts or jeopardize the company's concession. During the 1973-74 Arab oil embargo, Aramco's executives not only did as they were told by the Saudi government, but cut back production by more than requested just to show that they were good Saudi corporate citizens...
...influence over cartel price policy. On the eve of the Caracas gathering last week, Saudi officials proclaimed that the country could boost output almost immediately, perhaps to a hefty 11 million bbl. Meanwhile, the Saudi government is punishing Socal and Exxon for their indiscretion; Aramco is under orders to cut back deliveries to those two parent companies...