Word: embargo
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...Cuban President wants Mexico's help in persuading the U.S. to lift the economic embargo it imposed on Cuba in 1962. In a statement aimed at the U.S., Castro praised Mexico for an oil policy that had "clearly expressed that you do not propose to view Mexico's oil development as a part of North American oil needs." Castro drew a sharp contrast between the goals of his own trip and that of President Carter three months ago: "We haven't come to seek oil or gas, which seems to be the fashion these days...
...thirds of the state's drivers last week adopted an allocation plan-the first government-sponsored one in the nation in five years. The plan, made possible by legislation hastily drafted by Governor Jerry Brown, is that followed widely across the nation during the 1973-74 Arab oil embargo: drivers whose license plates end with an odd number can buy gas only on odd-numbered days, with even numbers only on even-numbered days. The plan will do nothing to increase supplies, or even to reduce consumption. It is aimed solely at reducing panic buying, and in its first...
...fragile condition of energy supplies found the President to be uncomprehending of the forces that could be unleashed by an energy crunch. He insisted in his best Sunday-school manner that U.S. citizens would voluntarily adjust to energy inconvenience. His uneventful weeks as Georgia Governor during the 1973 oil embargo further clouded his view. America could cope without a lot of shouting from above...
...Last week, for instance, a House committee sensibly refused to give Carter stand-by authority to order gas-station closings if supplies get too tight. The closings might well provoke motorists to start topping off their tanks, resulting in long lines at the pump just as during the Arab embargo...
...industry's big advantage is that it can produce more "facts" more quickly than any of its critics. Since the 1973 Arab oil embargo, the companies have greatly expanded their Washington staffs; Gulf Oil, for example, increased its corps of lobbyists, lawyers and aides from four to twelve...