Word: fueled
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Dates: during 1970-1979
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...Oval Office, although he would like adjustments in a trade relationship that heavily favors the U.S. In fact, he preceded his visit with a generous Mexican offer to the U.S. PEMEX, the national oil company, has begun shipping 2.4 billion cu. ft. of natural gas to the fuel-starved U.S. through pipeline connections at Nuevo Laredo, Reynosa and Matamoros; the gas will have a price tag of more than $5 million. And with Florida's vegetable crops devastated by the winter weather, Mexico is shipping tomatoes in quantity to the U.S. from vast agribusiness farms below the border
Forecaster Otto Eckstein reckons the damage-in higher imports of oil, gas and food, higher prices for domestically produced fuel, fruits and vegetables, and lost wages-at about $6 billion. Meaning: consumers' ability to buy things other than food and fuel will be reduced by that much. The figure, though lower than some other experts are calculating, is scarcely minor: it equals more than half of the $11.4 billion that President Carter proposes to pass out in tax rebates this spring...
Some job losses due to natural-gas shortages, warn experts, will continue through the spring because some communities have burned in February natural gas designated for April delivery. Diversion of refinery runs from jet fuel to heating oil threatened disruptions in airline flight schedules...
...Holding Fuel. Gas producers, based mainly in the South and Southwest, have indeed been holding back fuel that could be fed into interstate pipelines for shipment to the East Coast and the Midwest, because the Federal Power Commission will let them charge no more than $1.44 per 1,000 cu. ft. for it. Instead, they have been selling the gas in the states where it is produced, mainly Texas and Louisiana, at uncontrolled prices of around $2. Indications are that the amounts of gas thus diverted are vast. Interstate pipelines took 67% of all new gas produced...
...ground, gas producers are putting their balance sheets ahead of the public interest. Yet, there is nothing that the Government can do about this kind of withholding. Producers have a legal right to sit on gas until they judge the price to be proper-so long as the fuel lies under private land. But a quarter of all U.S. natural gas is pumped from fields leased from the Government. Producers are obliged in their leases to exercise "due diligence" in getting that...