Word: fueled
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Dates: during 1970-1979
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...will cost consumers a staggering $16 billion annually in higher prices, not to speak of a higher rate of inflation throughout the economy. And the distribution of this cost will fall most heavily on the elderly and the poor, who spend a greater proportion of their income on fuel...
...gasoline nudged toward $1 per gal., and growing numbers of service stations around the country rationed sales to $5 or less per customer, Congress began battling over Jimmy Carter's plan to raise fuel prices still higher. Already the strategy is drawing heavy fire from left and right for being everything from a giveaway to Big Oil to a bureaucratic interference with private business to a dangerous new fuel for inflation...
...almost total about-face. Until a few weeks ago, Democrat Henry Jackson of Washington, chairman of the Senate Energy Committee and Carter's principal Senate ally on energy, supported phased decontrol. But a trip back home to the Northwest changed his mind, as voters howled about rising fuel prices. Last week Jackson joined with Kennedy and Ohio Democrat Howard Metzenbaum, one of the Administration's bitterest foes in previous energy fights, in co-sponsoring a bill to overrule Carter and extend price controls for two years. With less than five weeks remaining before Congress's Memorial...
...have caused higher prices in the U.S. too. In addition, companies benefit because their stockpiled inventories of crude, bought at lower prices, also rise in value. That alone will be enough to anger a public already critical of the oil industry, and the continuing rise in gasoline and other fuel costs will only fan the resentments...
LICHTBLAU: We should use our surplus of natural gas to fuel industrial plants and utilities. Coal-powered electricity plants in the Midwest could export surplus electricity to the East and replace imported oil. One of our greatest errors was not to build up our strategic oil reserves. Had we done so, the Iranian cutback would have had less of an impact. We should move full speed ahead with the reserve plan now because there will be another crisis some time down the road...