Word: cuttingly
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Dates: during 1970-1979
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...trauma in Tehran threaten at any moment to choke off deliveries of nearly 3 million bbl. of crude per day to an oil-thirsty world, but it increasingly jeopardizes petroleum supplies throughout the Middle East. U.S. Government officials calculate that a widespread upheaval in the Persian Gulf could quickly cut U.S. imports by 4 million bbl. per day, or more than 22% of total consumption. On another front, the 13-nation OPEC cartel, which has raised petroleum prices by some 1,600% since 1970, is preparing to lift prices yet again when it meets next week in Caracas. Meanwhile Congress...
Gasoline consumption is the root cause of the nation's petro-woes, and any move to curtail it substantially would have broad and deep economic consequences. Though rising prices and the slowing economy have cut gasoline use by 4.7% this year, the fuel still accounts for just under 40% of the 18 million bbl. of oil that the U.S. burns each day. The Administration estimates that an immediate 50? boost in the cost of gasoline, which now sells at an average for all grades of $1.04 per gal., would cut consumption by 7%, the equivalent of about...
...cut in consumption of the size that would result from a 50? per gal. tax would pay important dividends both domestically and internationally. In the U.S. it would amount to an immediate and forceful warning to all Americans that energy conservation is now a national imperative. Overseas it would help loosen the world market for petroleum, make it at least somewhat more difficult for OPEC to raise prices, reduce prices on the spot market and send a signal to the U.S.'s increasingly skeptical allies that the nation is exercising leadership to curb energy use. Even with...
...years these intrepid Seekers of the Universe vanquished Klingons and Romulans before falling to the Ultimate Enemy, the Horribly Competitive Ratings War of 1968. At the end of the 1968-69 viewing season, NBC executives officially cut the Enterprise's "five-year mission" down to three years, and dropped the show from the network schedule...
Shingleton added that during the 1974-75 recession industries "cut back on recruiting and hiring," which later resulted in a shortage of middle management personnel. Many companies hope to prevent another such shortage by hiring at last year's levels, despite pessimistic economic predictions, he said...