Word: fueled
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Dates: during 1970-1979
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...glowing orb shrinks no further. But as it must to all stars, death eventually comes. How long a star lives depends on its mass. Generally, the more massive a star is, the shorter its life is. Stars with a mass significantly greater than that of the sun burn their fuel in a profligate manner and die young; a star ten times as massive as the sun, for example, burns 1,000 times faster and survives only 100 million years. The sun, which is some 5 billion years old, is only at the mid-point in life. Smaller stars...
...task for economists throughout the industrialized world now is to reckon the effects and costs of the two-tier pricing system. The new prices are expected to add $10 billion to the world's fuel bill. Among the major importers, the U.S. seemed likely to be hurt least. It still produces 60% of the oil that it burns, and a large share of its imports come from Saudi Arabia. The average price of crude available in the U.S. will go up no more than 3%, and that will push up the Wholesale Price Index a negligiblen...
Western Europe, which imports most of its oil and draws a large share from the OPEC countries that are raising prices 10%, will be harder hit. According to preliminary figures, the nine members of the European Economic Community will have to pay an extra $4 billion a year in fuel costs and will see their composite rate of growth in production shrink from 4% to 3.25%. The Japanese, who draw 37.4% of their oil from Saudi Arabia, were relieved. They believe their recovering economy can absorb the increase without suffering any serious cutback...
...hold there until the end of 1977. This is dramatically better than past doubledigit levels. But Board Member Robert Nathan, who manages his own consulting firm in Washington, feels that the inflation figures have benefited disproportionately from "windfalls" of relatively steady prices of food and fuel...
...fact, only two kinds of fuel are capable of supplying the massive amounts of energy that will be needed to replace the nation's dwindling supplies of domestic oil and gas. They...