Word: embargos
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Dates: during 1970-1979
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Governor Carter's statement that as President he would declare "economic war" on the OPEC nations in the event of another oil embargo sounds fine on the surface, but it ignores the unfortunate fact that we need their oil more than they need our goods. Governor Carter's stand precludes negotiation or compromise, and exemplifies the rigidity that self-righteous morality can give to foreign (or domestic) matters. In his attempt to show strong moral leadership and support for Israel, Governor Carter has bitten the lands that fuel...
...start any significant oil-conservation programs, or to develop alternative sources of energy rapidly enough. Indeed, they have grown even more dependent on the Organization of Petroleum Exporting Countries; the U.S., for example, now imports about 40% of its oil, v. 29% before the time of the Arab embargo in 1973. Now, the consuming countries are about to pay the OPEC piper for their neglect. In mid-December, oil ministers of OPEC'S 13 member nations will gather in Qatar. "Are we going to hike our prices?" asks Iran's Hamid Zaheri, OPEC spokesman. His answer...
...number of other matters Carter advocates important changes in U.S. policy. In the Middle East he seems considerably less willing than Ford to court the Arabs by granting them economic and military aid and selling them weapons. While both candidates declare they would not tolerate any future oil embargo imposed by Arabs, Carter specifically warns that such an action would be regarded by him as an "economic declaration of war" warranting a virtual halt of all U.S. trade with the boycotters...
Spurred on by the Arab oil embargo and the demands of The Energy Policy and Conservation Act, automotive engineers in the past few years have improved fuel economy by cutting down the weight of cars, designing lean-burning, "stratified-charge" engines and developing electronic ignition systems that fire spark plugs at precisely the right time in the engine cycle. Last week the Ford Motor Co. revealed that it had developed still another way of saving gas. Ford President Lee lacocca announced that within two years, his company will offer six-cylinder vans and light trucks equipped with a device that...
...stage is set for a bruising grille-to-grille marketing battle. Superficially, GM seems to have picked an odd year to proclaim that less is more. During the 1976 model run, consumers, who had been choosing smaller cars ever since the late 1973 Arab oil embargo, unexpectedly shifted back to the bigger models...