Word: embargoing
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Dates: during 1980-1989
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Their recommendations don't stop there. Greatly expanded strategic reserves and private stocks of oil-managed internationally, for the first time-would ease the threat of Middle East embargoes by allowing allies to draw down stocks. A "disruption tariff," imposed the moment imports seemed threatened, would steel U.S. consumers and muffle and embargo. Diversifying Western imports would also weaken its impact. Standby lines of credit for importing nations would ease inflation's increase in the aftermath of a cut-off. And coordinated international demand restraint and stockpile sharing, run by an effective international agency, would spur consumer solidarity against OPEC...
...natural gas-imposed to pacify a price-conscious public-has effectively discouraged U.S. production, necessitating foreign imports just when they most threatened U.S. security. Thus, imported oil's share of U.S. consumption boomed, reaching a peak of 47 per cent three years ago. "The painful 1973 Arab oil embargo seemed to have taught us nothing," Nye writes. Nor has America learned the lessons the 1979 Iranian Revolution's oil curtailment should have taught, they emphasize...
...matters, Block will take office with firm beliefs. He argues that food is America's greatest diplomatic weapon and will continue to be so "as other countries become more dependent on American farm exports and become reluctant to upset us." But he opposes the Carter Administration's embargo on grain sales to the Soviets, maintaining that it hurt only the U.S. farmer. Block also believes that federal regulators should get off the farm. Says he: "It's better to have regulation done by people close to the activity." Block would reduce federal meat and grain inspections...
...largest producer, is peaking. Until now, the Soviets, who pump more than 11 million bbl. per day, have been able to satisfy their own needs and those of their Communist allies. But the antiquated condition of Soviet drilling equipment, a situation that has been made worse by the U.S. embargo on high-technology exports to the Soviet Union, has delayed the development of new oil deposits. By 1985, the Communist nations may be forced to import oil from the Middle East, which would provoke new shortages and put intense pressure on prices in the world oil market. Toward...
...Georgia Power building is an example of the extraordinary efforts being made by American businesses to cut operating costs by conserving fuel. Since the 1973 oil embargo, commercial power consumption per employee has dropped an impressive...