Word: fueled
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Dates: during 1970-1979
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...White House has been in a sweat for months over a number of issues, but none stickier than a situation that can be traced to the good intentions of the President. On April 10, determined to set a fuel-saving example, Carter sent a memo to the General Services Administration, the Government's housekeeper, asking that thermostats in all federal buildings be set no lower then 80°. He ended up being too conscientious in Washington's long and sultry summer: high temperatures and humidity have frequently turned the White House into a steam bath...
Indeed, the threat of trouble from the unions put a damper even on businessmen's enthusiasm for the budget. One wealthy corporate executive called home to tell his wife to lay in an ample supply of gas for their camping stove, lest there be no fuel next winter in their Kensington flat. And in the two days after Howe delivered his budget message to Commons, the Financial Times stock index dropped 27 points. The Tories stoutly defended their drastic action. "This is a severe package," conceded John Biffen, Chief Secretary to the Treasury. "But the severity is made necessary...
...necessary component of any energy program, and Americans are more prepared to support the effort than they are given credit for. A New York Times/CBS News poll last week showed, for instance, that the public would far prefer gasoline rationing to the present skyrocketing price of the fuel...
...amendment to the Defense Production Act of 1950, would permit the Government to become the buyer of last resort for up to 500,000 bbl. daily of oil from coal, shale and other alternative sources. That would amount to about 8% of current U.S. imports. For now, the synthetic fuel is too expensive to compete with OPEC crude, but the Government's guaranteed market for the product would encourage companies to invest and get the new industry off the ground...
...plan would also help set a free-market ceiling price for oil in the U.S. itself. Reason: If OPEC tried to sell crude at a higher price, customers would turn to the synthetic fuel instead, and rising demand would encourage companies to boost output and build more plants. Says the bill's author, Pennsylvania Democrat William Moorhead: "The need for this approach is clearly established, and private enterprise is just not powerful enough to go it alone." Adds Irving Shapiro, chairman of Du Pont chemicals: "During war we declare a national emergency, pass a war powers act and give...