Word: demands
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Dates: during 1970-1979
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...gave an inch. On the key issue of whether or how to tie the Israeli-Egyptian agreement to a grant of autonomy for the Palestinians of the West Bank and Gaza, there was no sign of compromise at all. The U.S. has come out in favor of the Egyptian demand for a target date of autonomy one year after the treaty is signed. Israel refuses...
...companies on the small but highly volatile "spot market" shows that they can get away with it. Normally most petroleum is bought by oil companies under long-term contracts with OPEC suppliers, but 3% to 5% changes hands for whatever price a seller can get. In times of scarcity, demand surges-and so do prices...
...year's end. That would lead at a minimum to a halfpoint jump in consumer prices because oil is used not only for fuel but also as a raw material in chemicals, synthetic fibers and many other products. Rising fuel charges also will prod workers to demand more pay, which businessmen will pass on in higher prices. And as more dollars flow abroad, the greenback's value will tend to slump against other currencies, and Americans will wind up paying more for imports. The impact on the U.S. trade deficit, which last year reached a record $28.5 billion...
Even before the Iranian revolution, the problem of oil supply and demand was a difficult one for the importing countries. There was just no way known to us to cover demand in the mid-1980s from supplies that would be physically, not to mention politically, available...
...have not yet experienced supply shortages, but they are coming; they will be tough. Even in the second half of this year we may have severe problems covering our demand. But, although the supply problems are urgent, important and difficult, they can be handled by rationing and, if necessary, mandatory allocations. They are not as threatening as the inflation, balance of payments and overall financial problems resulting from the enormous increases in the spot price...