Word: fueled
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Dates: during 1970-1979
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Nearly half the total deliveries entered as gasoline, diesel fuel, heating oil, kerosene and other products from refineries throughout the Caribbean. Now much of the loss will have to be made up by having companies divert non-Iranian oil to the Caribbean refineries, while sending the Iranian crude to European refineries instead. That will mean steeper prices for Europeans because much Iranian oil is being sold at prices far above the official OPEC maximum...
...Fluor Corp. and West Germany's Thyssen to build a $750 million, 200,000 bbl.-a-day oil refinery at Isfahan for the National Iranian Oil Co. The refinery has been a high-priority item for the Iranian government, which fears shortages of kerosene and diesel fuel during the winter. Last week, when the refinery was a month away from partial operation, Fluor called home its 52 remaining American employees, leaving Thyssen to finish the job. The few U.S. businessmen who remain in Iran represent a couple of banks and a computer company, and they are lying...
...other hand, Congress has decided to go more slowly than the President wanted in developing synthetic gas or oil from coal, shale and tar sands. In July Carter suggested spending $88 billion over the next decade to build some 40 synthetic fuel plants. But three Senate consultants concluded that such a program would be too much, too fast, and waste billions of dollars. As a result, the Senate this month passed a more modest $20 billion bill that will offer loans and price guarantees over the next five years to private companies to open perhaps a dozen commercial synthetic fuel...
...fashion industry has flourished for decades by staying ahead, periodically changing styles to shorten hems or narrow lapels. But Detroit's automakers are sinking knee-deep into red ink, as energy-conscious buyers increasingly switch their taste in cars to lighter, fuel-efficient models. Surprised by the speed of that change, manufacturers cannot turn out enough small autos to satisfy public demand, while outmoded big cars gather dust in dealer back lots. As a result, in the first ten days of November, Big Three sales plummeted 26% from last year's levels...
...Since 1974, AMC's line-up of cars has shrunk from six to three: Concord, Spirit and Pacer. While analysts say that they are not making money, the high-profit Jeep continues to rake it in. There was some sales softness earlier in the year because of its fuel thirst, but the Jeep rebounded strongly in September and October...