Word: gas
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Dates: during 1970-1979
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...told aides, "a loss of confidence in the future." Part of that concern, he inevitably learned, involved the President himself. For some time past, but more sharply this summer, the U.S. has been slipping into a morass of interrelated problems. One is the energy crisis, marked by its gas lines and soaring prices. One is the painful combination of inflation and economic stagnation. One is the widespread perception that Jimmy Carter has seemed unable to make a strong attack on either of the first...
...make headway against these problems, the President realized he also must start overcoming his chief political weakness, his reputation for hesitancy and indecision. Two weeks ago, returning from the Tokyo summit to a nation exasperated by a siege of gas lines, he compounded his difficulties by first scheduling a major policy speech on energy, then abruptly canceling it without a word of explanation. The Camp David summit, which began 48 hours later, represented above all an attempt to start rebuilding an image of purposeful leadership...
...major new find by Pemex. Director General Jorge Diaz Serrano estimates that the immediate area contains as much as 800 million bbl. of top-quality lightweight crude and "will considerably increase Mexico's oil reserves." Before this strike, the country's proven reserves of oil and gas stood at the equivalent of 40 billion bbl., well above those of both Venezuela and Nigeria but still far below Saudi Arabia's 160 billion bbl. Though Mexico is not a member of OPEC, it took a page from the cartel's book last week and lifted its prices...
America's tenth largest industrial company is like an old gas guzzler hurtling along the dangerous edge of a cliff, and in this difficult year the road is trickier than usual. Chrysler Corp., long plagued by uncompetitive products and a lack of cash, is expected to follow its first quarter $53.8 million loss with a second quarter deficit that could come close to $200 million. The company may end the year with a loss of more than $400 million, double last year's $204.6 million deficit. Chairman John Riccardo has made a dozen trips to Washington since...
...first experimental evidence that something quite extraordinary happened then," says Physics Nobel Laureate Luis Alvarez, who gave his son a helping hand. A supernova that could have wiped out the dinosaurs? "A very small probability," says Alvarez père. Also possible but improbable: a cloud of interstellar gas or a large meteorite. On with the parlor game...