Word: embargo
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...large share of the monetary reserves of the non-Communist world. But these forebodings could not take into account the world recession that has slashed oil demand. Today OPEC'S output is running at about 28 million bbl. per day, v. 33 million bbl. just before the 1973 embargo, and revenues are falling below expectations...
Though it was scarcely intended to be an aid to urban protesters, CB may be the fastest-growing communications medium since the Bell telephone. Used largely as a plaything after its introduction in the 1950s, it first invaded the air waves in force during the 1973 oil embargo, when speed limits were dropped to 55 m.p.h. and truck drivers installed the units to warn each other of radar traps. In the past year, the vogue has spread to a vast and vocal number of private-car owners, who have tied into a short-wave system* that today links an estimated...
...lifting of U.S. sanctions on trade with Cuba [Sept. 1] by U.S. subsidiaries does not alter our embargo on direct trade with Cuba...
...replace Abu Rudeis oil with American supplies if alternative Middle East sources should be cut off. Kissinger denies that the guarantee is any stronger, but some observers familiar with the negotiations believe that the U.S.−at least verbally−promised also to move such oil through any Arab embargo, presumably by means of U.S. naval support...
Barrage of Noes. After strong Administration lobbying, the Senate had voted to repeal the embargo last May by a narrow 41-40, but Ford lobbied even harder with the House. He pleaded with key Congressmen for their support of a major NATO ally. To help the bill's chances, he watered it down, providing mainly for a restoration of the $ 185 million in arms that Turkey had already contracted to buy. When the measure came to a roll-call vote last week, a series of ayes flashed on the House's electronic screen, and Ford led. Then...