Word: demand
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Dates: during 1970-1979
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...taxes that oilmen must pay, of putting limits on profits and keeping controls on prices, perhaps ultimately of breaking up the companies or moving toward partial nationalization. There was not much discussion that holding down profits might also reduce exploration and production, that holding down, prices would fire up demand for even more oil imports. At the same time, the U.S. may have to move toward more dependence on foreign oil because a major new report cast doubt on the future expansion of domestic nuclear power (see following story...
...reason is that the annual growth of demand for electricity has fallen to around 3%, from the steady 7% through the 1950s and '60s. Meanwhile, the time required to bring a reactor ''on line'' has stretched out to a dozen years after the start of construction. Reasons for the delays: public opposition, cumbersome regulatory and licensing procedures, and the fact that reactor designs have not been standardized; each plant is custom-built, and the NRC demands many design changes while it is being erected...
...system works--supply and demand curves didn't meet in the right place," he added...
TODAY'S HOLLYWOOD PRODUCER hunts for film scripts like Nero once combed for concubines, but while the Roman mogul's search uncovered ample talent, the Sunset Boulevard set's has unearthed little. The insatiable public demand for commercial properties so far outstrips the screenwriters' meager production that producers are forced to fall back on proven story ideas. The resulting list of products reads like a Porcellian Club roster--Godfather II, Jaws 2, Rocky II, and Gone with the Wind...
...mostly in denim and corduroy, has been cropping up increasingly, combined with close-fitting T shirts, dressy silk blouses, and short boots. Response to the new look so far has been liveliest in New York City and Miami, where buyers for department stores are having trouble keeping up with demand. French versions of the baggy jeans, dubbed "Texas," sell for more than $75 at such trendy New York stores and boutiques as Bendel and Henry Lehr; U.S.-made baggies are cheaper. Bloomingdale's reports that it has sold almost 5,000 of the new jeans...