Word: gas
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Dates: during 1970-1979
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Then the city, already infected with urban blight, began to deteriorate. Industries disappeared, buildings were abandoned, people moved out. The Stockton mansion was torn down, and replaced by a gas station. E.J. herself moved on to college, to New York, to Europe...
Other automakers would be better off. The conversion to small models would bring forth a prolonged spurt in capital investment by the manufacturers and their suppliers for tools, dies, entire new plants. Eventually sales would surge because drivers would feel an increasing need to switch to gas-saving cars. As demand rose, particularly for the most economical vehicles, prices would ride up. Concludes Detroit Auto Analyst Arvid Jouppi: "We are awfully close to the $10,000 small...
...exhibitions and importing culture from the BBC for educational television, the oil companies appear to be going into social welfare programs. When Getty Oil last week signed a consent decree with the Department of Energy, which had accused the company of violating federal price regulations on crude oil, natural gas liquids and refined products, the $75 million settlement included a novel provision. Getty agreed to pay one third, or $25 million, into an escrow account to be administered by the DOE to "provide relief to economically disadvantaged people in meeting their energy expenses for this winter." These funds will supplement...
...Getty for giving in too easily, President Sidney Petersen signed the consent decree at least partly to avoid long litigation and a public relations black eye. Still hanging over the company are more DOE claims of at least $160 million for other alleged instances of overpricing oil and natural gas. This time Getty appears ready to go to court because executives are convinced they can prove to a judge that DOE is engaged in retroactive rule making...
...Register's circulation has declined some in recent years, mostly because fewer families find they can afford it along with their local evening paper. It is also being pinched hard by inflation and high energy costs. "The newspaper was built on the idea of cheap gas, cheap newsprint and cheap reporters," says Gartner. "It's a new game now." Fortunately, though, the paper can count on some old and deep loyalties. Explains Reporter David Yepsen: "The Register is part of the Iowa experience, like tall corn and snow days home from school...