Word: hiked
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...preliminary remark: the U.S. is an oil-producing country; it has more oil than Mexico. But does the U.S. sell its oil at a lower price? We have to link our price to the price of OPEC because otherwise we will only get the negative impact of the oil hike and not the positive effects. We act accordingly. But what Mexico does is to stay out of the speculative spot market. Our sales respect the price that has been fixed. We hate speculation. Mexico is not a country that speculates and it never will speculate...
...truckers made several demands of the Carter Administration. First they wanted an increase in freight rates. The Interstate Commerce Commission permitted a 6% rate hike, but that was not enough, the truckers complained, to cover the boost in fuel costs since the beginning of the year. The independents insisted on an increase in their share of the diesel fuel that is allocated by the Department of Energy. The Government responded by lifting the regulation that allowed farmers to get all the diesel oil they needed. The Administration hopes that the change will allow the truckers to get more fuel without...
Such gloom is justified; another substantial hike in oil prices could well nudge the Western world into recession. But for a number of reasons a new downturn might not be as severe as the one that struck in 1973-74. Then, the first round of OPEC price hikes helped kick off a global recession that quickly became the longest and deepest that the U.S., for one, had experienced since the 1930s. Moreover, when the oil price explosion occurred, the industrialized nations were all lined up at the crest of a simultaneous boom. They all skidded into recession together, and many...
...only he could go home again. But back in Manhattan lurk Billy's sister Abby, who clomps "the treacherous hike from the bathroom to the kitchen linoleum" in hiking boots; his twice-divorced mother; and her balding lover Henry, whom Billy catches poring over nymphet glossies in a porn shop. Epstein is at his best with fresh comic perceptions of growing up absurd in a multiparent home. He is at his weakest in describing Billy's moony infatuation with Zizi, which leads to the novel's adolescent denouement...
...Versailles, the first question for the seven summit leaders is what to do about the world's most effective cartel, the Organization of Petroleum Exporting Countries. OPEC representatives will meet in Geneva two days before the Tokyo assembly begins, and they will almost certainly approve yet another hike in the posted price for crude, which now averages $17 per bbl. Some Administration officials have been arguing for a tough line against OPEC, and believe that the U.S. should even use economic clout to arm-twist other industrial countries into endorsing it. Carter himself, however, is inclined to what...