Word: embargos
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Dates: during 1970-1979
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During the 1973-74 Arab oil embargo, Virginia's Fairfax County school board decided to build an innovative, energy-saving school. Blueprints called for a partly solar-powered building, buried underground so that the heat generated by students, lights and machinery would not escape. When the board took its plan to the federal Energy Research and Development Administration in search of a grant, it got nowhere. Then, a Washington consultant for Saudi Arabia, who had read about the school, asked the board if it would be interested in a "private" investment. It was, and a $700,000 grant from...
...weather," agreed a U.S. Senate energy specialist, "is going to be to the gas industry what the Arab embargo was to the oil industry." Indeed, if the current weather had coincided with the oil crisis in the winter of 1973-74, the double impact might well have been calamitous. Just how to increase natural-gas supplies remained in dispute (see ECONOMY & BUSINESS), but the time for national dawdling on a comprehensive energy policy has clearly run out. "Jimmy Carter's first confrontation as President will not be with the Russians," said a senior Washington weather scientist."It is with...
Chile, with 79,600 men under arms (v. 63,000 for the Peruvians), would be the underdog in any set-to with its northern neighbor, partly because it has found modern weapons almost impossible to buy. Reason: the U.S. and Britain have imposed tight embargoes on sales of arms to General Augusto Pinochet's regime because of its callous record on human rights. Although Chile has begun receiving about 50 American F-5E and A-37 warplanes, ordered before the embargo, they may not be a match for Peru's Russian-made Su-22s, especially if Soviet training...
American-made F-4 Phantoms, which can easily handle the Su-22s and are eagerly sought by Chile's air force, are barred by the embargo. Chilean commanders also feel that they desperately need better tanks and more antitank and antiaircraft missiles. While Santiago has been able to make some purchases from private arms traders, the weapons acquired have been relatively unsophisticated and expensive. Moans a senior military analyst in Santiago: "Chile gets less for more...
Under a tacit agreement, the British government has left BP's managers free to go their own way, even when they have strained politicians' patience. During the 1973 Arab oil embargo, BP diverted shipments of Middle Eastern crude away from Britain, where prices were under government control, to Germany, where the market was free. The same year, BP pulled out of the unprofitable Italian market, with never a word from Whitehall about what that would do to Common Market solidarity...