Word: embargoing
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...goes on, he would have kept the B-l bomber moving, gone ahead with the neutron bomb and the M-X missile. He also would have had less trouble than that fellow now in the White House in getting a Panama Canal treaty approved, in ending the Turkish arms embargo and in selling planes to Saudi Arabia...
...visions of an imminent energy Armageddon that seemed so plausible right after the 1973 Arab oil embargo have gradually faded, but the serious questions remain: How much oil does the world have left? When will...
Since the early talk about the crunch of the 1980s, the headlines have been full of seemingly good news about oil. Exploratory drilling activity has risen by 30% since the 1973 embargo. In the past year or so, oil has begun to flow from Alaska's North Slope, North Sea production has increased, and promising indications of oil and natural gas have been found in the Baltimore Canyon off the U.S.'s East Coast. Oil companies have also been exploring what are thought to be big deposits along China's coast. And in Venezuela, development is continuing...
Another sanguine sign: partly because conservation efforts (especially by industry) have had more effect than almost anyone originally expected, the annual growth in world oil consumption has been held to about 1% in the five years since the embargo, compared with the 5% to 7% increases in the extravagant days before. As a result, the OPEC countries have been holding their production well below full capacity; even so, they are preparing to end their two-year price freeze with an increase (perhaps 5%) next year...
...Greeks pulled out their 150,000-man contingent after Turkey invaded Cyprus in 1974. Walker thus found himself in the unenviable role of being an American general leading a Turkish army on Turkish soil at a time when the U.S. Congress was punishing Turkey with an arms embargo...