Word: highers
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Dates: during 1970-1979
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...Carrington has earned their respect is by selling the Foreign Office views where they really count: in the Cabinet. Says one Tory colleague: "Nobody can challenge him on foreign policy; and that includes Margaret Thatcher." After his deft handling of the Zimbabwe Rhodesia talks, Carrington's reputation stands higher than ever. As Owen graciously put it last week: "He is the man who did it, and I congratulate...
...Iranian oil cutoff and ever higher OPEC prices have raised the possibility of still further energy action. "It is clear that we must embark on new initiatives in all sectors and rethink what is possible," says Deputy Energy Secretary John Sawhill. He adds that the Administration is considering ways to boost gasohol production, force utilities to use more coal and other oil conservation measures. Such proposals would save as much as 600,000 bbl. of oil per day; up to now, the U.S. has been importing some 700.000 bbl. daily from Iran...
Shouting against the windfall profits tax, oilmen tirelessly contend that higher earnings will motivate them to search harder for oil and gas. Sure enough, as oil profits have marched up this year, so has domestic exploration. Steel drilling rigs, eight and ten stories high, are rising at muddy, cluttered sites from the Rocky Mountain foothills to Louisiana's Cajun country. Although domestic production is not expected to rise in years ahead, the new activity will keep it higher than it otherwise might have been. And there is always the possibility, however slight, that oilmen may get lucky and strike...
...Higher prices have persuaded oilmen to return to and redrill wells in the Williston Basin of North Dakota and eastern Montana, an important producing area in the 1950s. They are also exploring for oil in the Overthrust Belt, which runs down the Rocky Mountains, and they are going after gas in Oklahoma, the Texas Panhandle and central Louisiana. Across the country, small "stripper" wells and others that once would have been abandoned as uneconomic are being kept open...
...high-and low-priced versions of, say, furniture. But, in the old bait-and-switch technique, the cheaper items are often not available. The price of basic bread in Poland has remained officially unchanged for 15 years at 6? per lb.; but newer-style and more popular breads of higher quality that contain honey or bran and cost up to three times as much are also frequently unavailable...