Word: embargoing
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...Casual. Then abruptly he went off on another tack and got into trouble. "It would be almost as bad as Seven Days in May," he said, referring to the novel in which the military seizes power. "You can conjure a situation where there is another oil embargo and people in this country are not only inconvenienced and uncomfortable, but suffer. They get tough-minded enough to set down the Jewish influence in this country and break that lobby...
When he left New Delhi last Wednesday, Kissinger felt confident that India would accept U.N.-sponsored restraints on nuclear technology. In order to secure Indian cooperation on this issue, Kissinger assured Mrs. Gandhi that the U.S. would continue its arms embargo against Pakistan. But he purchased a warm leave-taking in New Delhi at the risk of a cool reception one day later in Islamabad...
...worst threats hanging over the economy has been the prospect that 120,000 members of the United Mine Workers would stop digging coal next week, when their union contracts expire. A mine strike would reduce U.S. energy supplies more than the Arab oil embargo last winter did; it would cause factory shutdowns and layoffs in industries far beyond the coal fields, and it would seriously worsen the gathering recession. For a while, a strike had seemed almost inevitable. But late last week the outlook brightened a bit, and the chance improved for the nation to avoid a long, damaging coal...
...first anniversary of the Arab oil embargo occurred last week amid anxiety about the ability of the industrial West to survive its dependence on high-priced Middle East oil. At the same time, two huge studies struck a note of surprising long-range optimism, at least so far as the U.S. is concerned. Their overall conclusion: by 1985 the nation can sharply reduce its reliance on foreign oil and make itself reasonably immune to energy blackmail-and with fewer wrenching changes in living habits than have been generally assumed...
...would be to build up a stockpile of oil sufficient to carry the nation through a year during which foreign producers withheld 1 million bbl. a day of potential shipments to the U.S. The policy would cost $4.7 billion, but that would be a bargain; without it, such an embargo would take a $33 billion bite out of national production. Blueprint does not firmly recommend any of the strategies it describes; its purpose is to outline a wide range of choices...