Word: embargos
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Dates: during 1970-1979
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RESERVES. To provide a cushion in the event of another foreign oil embargo, the U.S. will stockpile 150 million bbl. of oil within three years and increase the reserve to 400 million bbl. by 1983. That would be roughly equal to less than one month's supply at current consumption rates. In addition, if there is an energy emergency sometime in the future, the President is authorized to prescribe gasoline rationing and other means of conserving fuels, order a production increase at domestic oil and gas fields and restrict exports of coal...
...Marriage. As it streamlined and liberalized its procedures, the Congress also fought to assert its authority as a branch of the Government that is at least equal in weight to the White House. In foreign relations, Congress stubbornly defied the President for months by refusing to lift the arms embargo it had imposed on Turkey for using American arms in its invasion of Cyprus in 1974. Not until October did Congress finally ease the ban, which severely damaged U.S.-Turkish relations and disrupted the NATO alliance in the eastern Mediterranean...
Ever since the 1973 oil embargo, once plain-looking companies that produced coal and other natural resources have been eagerly pursued as merger partners. Oil companies in particular have been looking them over as a means of getting in on the development of alternative sources of energy...
...common feeling that their fate is not in their own hands. Two related events galvanized them into a cohesive bloc: the 1973 decision by the ministers of OPEC to quadruple the price of oil, which had been $2 per bbl., and the Arab nations' imposition of an oil embargo at the time of the October War. The LDCs-even those not directly involved in oil exports or the Middle East conflict-were exhilarated. They saw both actions as proof that the industrialized West was vulnerable to collective pressures from the poor nations. "For the first time since the rise...
...coming in within the near future. The department is somewhat strapped for money and personnel, she explains. Somewhere, she says, the department also has a few "alcoholics," or pickled specimens, but she is not sure what has become of them. They might have been thrown away, she says. The embargo on more platypuses, she says, is almost guaranteed by the strict laws Australia has against killing the creatures...