Word: embargoing
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...from conservation by industry, while individuals blithely go along wasting fuel. Not only has demand for gasoline, which accounts for one-third of the nation's fuel bill, continued to grow fast, but U.S. dependence on foreign oil has increased by nearly 50% since the 1973-74 Arab oil embargo, and this year will reach some $50 billion...
...billion), reported a gain of 37.4%, to $955 million, by far the most impressive three-month earnings period in the company's history. Recalling the rough treatment that the press gave top management in the winter of 1974, when Exxon announced similarly enormous profit gains during the Arab oil embargo, the company avoided a press conference; instead, it announced the earnings by faceless press release. Chairman Clifton Garvin and President Howard Kauffmann even managed to be out of town on vacations, leaving any explaining to be handled by a monotoned vice president...
Weicker's 1976 Senate campaign platform called for rationing and decontrol of oil prices, two acts which he said last night would be the first national self-discipline since the oil embargo. "It would send the dollar shooting up," Weicker added...
...commentators as the greatest victories since Saladin defeated the Crusaders at the Battle of Hittin in 1187 and recaptured Jerusalem. Muslims all over the world took pride in the early Egyptian-Syrian triumphs of the war and the even greater economic triumphs that grew out of the 1973 oil embargo...
...risen by only about 10% from last year's strike-depressed level of 654 million tons, and consumption of the fuel has remained stagnant. Coal today supplies about 18% of U.S. energy needs, an increase of less than 1% since 1973, the year of the Arab oil embargo. Meanwhile, mines have closed, expansion plans have been shelved and by industry estimates, up to 10% of the nation's more than 200,000 miners have been laid...