Word: fueled
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Dates: during 1970-1979
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...both GM and Ford and tried to emulate them by expanding rapidly at home and abroad. The forced growth was ill-timed, haphazard and too fast. Chrysler entered the 1970s lacking the financial resources to weather three recessions, two oil crises and an enormous wave of environment, safety and fuel-economy regulations...
When Riccardo took over in 1975, the public was demanding smaller, more fuel-efficient cars, but Chrysler, unlike GM and Ford, lacked the money to retool and redesign quickly. With smaller sales than the other two automakers, Chrysler had to spend nearly twice as much per vehicle to meet Government rules. Pressed for cash, the company had to slash its budget for plant modernization...
Yergin also points out that buildings and residences, which now use 38% of the nation's energy, could be made much more fuel-efficient. The need is for intelligent construction codes and relatively simple improvements in insulation. All told, the Harvard team believes that solar and conservation can cover 22% of the nation's energy needs by the late 1980s -and up to 40% by century's end. These are enormously high estimates...
South Africa is ahead of the U.S. in its development of synthetic fuel. For a country boycotted by most of OPEC and without its own oil reserves, necessity has fired innovation. Sasol now provides less than 10% of the 240,000 bbl. a day of oil that South Africa requires, but the country is spending $6 billion to build two more Sasol plants, which are expected to meet about half of its needs by the early 1980s...
Keep hiking down Mass Ave and you'll reach MIT, which resembles a prestigious center of technological education and research. Actually, unless you're despondent because you chose Harvard and now yearn in vain for the chance to make rocket fuel, this area is boring...