Word: important
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...projected increases are expected to raise the nation's oil import bill from about $62 billion this year to more than $83 billion, representing a rise in fuel costs of $80 for every American citizen. The increase, said Energy Secretary Charles Duncan, could add from 4? to 8? to the retail price of a gallon of gasoline in the coming weeks, and 3? to 7? to the cost of home heating oil, a major expense for consumers in the import-dependent Northeast. Several of the largest oil companies, including Exxon, Mobil, Chevron and Texaco, last week announced wholesale gasoline...
...storage tanks are brimming with a 100-day supply of oil-Tokyo's insurance policy against an unforeseen crisis in the Middle East. At week's end Prime Minister Masayoshi Ohira told subordinates that he was "gravely concerned" about upsetting relations with the U.S., which imports $26 billion worth of Japanese goods a year. He ordered the trading companies not to import more oil from Iran in the future than they did before the crisis...
...developing countries' oil-import bill jumped from $4 billion in 1972 to about $44 billion this year, and some have-not nations are openly complaining about OPEC. The worsening crisis over crude prices may create an ideological dilemma for Third World leaders like Tanzania's Nyerere who were originally strong supporters of commodity cartels...
...Muslims, the dilemma remains: if they are to develop economically, they must import Western technology. To master Western technology, they must send their young to be educated in the West. And that invariably means diluting their culture. Progress means better medicine and other mitigations of life's harshness, of course, but it also means the young women returning from Paris or Palo Alto in short skirts instead of chadors; it means 30% inflation, pollution, an open door to all the depressing vitality of the junk culture; it means the young leaving the villages and becoming infested with all kinds...
...Soviets also need a stable regime in Tehran if Iran is to become a secure source of energy for them in the future. They are rapidly running out of oil of their own and will need to import large amounts of foreign oil beginning in the early 1980s. Under the Shah, the Soviets profited from cheap natural gas pumped from the Iranian fields through the Caucasus. To Moscow's chagrin, the Khomeini regime quickly canceled the deal after it came to power...