Word: gas
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Dates: during 1970-1979
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...would never suffer such hyperinflation, but that if it ever did, the whole economy would be shattered and the democratic political system would be endangered. Yet in 1979 the economy showed a remarkable resiliency and a resistance to deep recession. People learned to cope. They reduced their spending for gas-thirsty big cars and such little luxuries as hardcover books, records and tennis equipment. But they kept right on spending for other goods, particularly the high-quality and the durable, in part because they figured that almost everything would cost more tomorrow and they had better buy products that would...
People in certain fortunate industries and regions will probably avoid adversity, as they did in 1979. Those in the Southeast generally did well because the region's beneficent climate and low wage rates continued to attract business. The Southwest surged because its oil and natural gas were in heavy demand. Farmers in the Midwest grain belt and the far West prospered, largely because a hungry world increased its call for what America produces best: food. Average farm incomes increased 117% from 1970 to $23,263 per family in 1978 and are higher now. The region that fared best...
...Dacca, Bangladesh, eager buyers crowd around empty tanks to wait for deliveries of scarce and costly kerosene. In Dar es Salaam, Tanzanians line up for hours for deliveries of sugar and other basic necessities that are hopelessly delayed, partly because there is little gasoline for trucks. Gas is rationed; service stations are closed three days a week; and President Julius Nyerere urges his Cabinet members to ride bicycles to work. In Rio de Janeiro, Brazilian cab drivers crowd the streets and snarl traffic during a three-day strike to protest a 58% rise in gasoline prices. Meanwhile, riots break...
...tapped just about all the easily recoverable oil and gas it is likely to find within its own land area. Now the most promising areas for new finds of these fuels lie offshore, under water depths ranging from a few yards to 1,000 ft. or more. Oilmen have been drilling into the outer continental shelf since the mid-'50s, and the 20,000 wells they have sunk, mostly in the Gulf of Mexico, account for 14% of the nation's current domestic oil production and 23% of its gas. The next place they hope to develop...
...rything's goin' my way": so go the lyrics. What nook or dell of the U.S.A. in the shadow of the 1980s echoes them? Doubt and the rage of impotence stalk the land. People worry about whether they can gas up to cross a state, let alone found one. With three trusty assistants -his horse, his saddle and his gun-the cowboy hero of Oklahoma!, Curly (Laurence Guittard), is his own man. Where is the man who would dare or would be permitted to carve out his personal destiny that way today? There is a winning comic figure...