Word: importance
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Dates: during 1970-1979
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Cheaper by Sea. The longer-term and more important issue is not who gets the taxes but who gets the oil. Because a pipeline from western Canada feeds the U.S. but no pipelines directly serve eastern Canada, it has been cheaper for the East to import oil by sea from Venezuela and the Middle East than overland from the West. But rising import costs are making western oil economical in the East, and by the end of 1975, a pipeline extension will supply the East directly. When it opens up, western leaders would like to continue selling...
...detente with the Americans. Perhaps coincidentally, on the same day he ousted Heykal, Sadat liberalized Egypt's foreign investment laws, encouraging outside businessmen and guaranteeing their investments won't be nationalized. In the same liberalization move, Sadat denationalized Egypt's movie theaters and made it easier for them to import American films. Between Lawrence of Arabia and Exodus, he hopes that popular support for settlement with Israel is bound to grow...
...hand by the end of the marketing year in July, the slenderest reserve since the end of World War II. A strong winter wheat crop, which begins trickling onto the market in late May, would ease the pinch. To boost supplies in the meantime. President Nixon last week lifted import quotas that had been in effect since 1941, thus enabling U.S. customers to bolster their orders of Canadian wheat...
...report was coldly scientific, its source unassailably objective, its grave import unmistakably clear: at least as late as last October, an effort to conceal evidence in the Watergate scandal was still in operation in the innermost reaches of Richard Nixon's White House...
...today account for two-thirds of the nation's energy, will be able to meet only 40% of demand. Nuclear, hydro, solar, geothermal and other nonfossil fuel sources will take care of another 20%. To fill the remaining 40% gap, the nation faces two likely choices. It can import much more oil and gas-and pay heavily in terms both of balance of payments and political dependence on foreign countries. Or it can turn to coal, which now provides 20% of U.S. energy -and pay heavily for developing this rich but problem-ridden resource. Right now, the betting...