Word: embargos
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Dates: during 1970-1979
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...data supplied by state governments, the letter warned that by the end of next week there would be a shockingly large shortfall of 8.9% in gasoline supplies. A rush by panicky motorists to gas up would virtually guarantee long, temper-fraying lines reminiscent of the 1973-74 Arab oil-embargo days. Hoarding would simply make the gas shortage worse and further drive up fuel prices...
...learned anything from its energy agonies? Apparently not. Five years after the Arab embargo gripped the nation in petroleum paralysis, the economy remains as vulnerable as ever to upheavals in faraway lands. All winter long the turmoil in Iran has brought chilling reminders of that fact, and last week came some of the scariest yet. It was hard to tell which were more frightening: signs that oil prices were about ready to leap again, or Washington's seeming impotence and inaction...
Terming U.S.-South Africa relations "worse than they have ever been before" Moose said the South African government believes the U.S. has taken a hostile attitude towards it. The U.S.-supported U.N. arms embargo and the continued psychological pressure against South Africa has hurt the South African government considerably, he said...
...University will allow Iranian students who are unable to pay their tuition bills because of the political situation in Iran and the current mail embargo to finish the term despite outstanding debts, a spokesman for the International Office said yesterday...
...week abandoned its drive to the end federally ordered 55-m.p.h speed limit. No matter. Most U.S. drivers laugh at the limit anyway. Meanwhile, homes and offices are overheated and empty skyscrapers are lit up like Christmas trees all night long. In short, five years after the Arab oil embargo, America remains a profligate consumer and waster of energy. If all the barrels of oil that the U.S. uses in just one day were laid end to end they would stretch the from New York to Calcutta...