Word: imported
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...prices would continue rising at a dizzying double-digit pace, forcing the Federal Reserve to stick by its anti-inflation policy of sky-high interest rates much longer than expected. The almost inevitable result: a deeper recession than so far forecast. Despite slumping growth, the nation's oil import bill, which is projected to total $61 billion this year, would leap to $96 billion in 1980. That in turn would keep the dollar's value dropping, while provoking yet more demands by oil states for compensating price increases. The vicious cycle would continue to drag the economies...
...Already Algeria and Libya have pushed their prices beyond the ceilings set by OPEC in June, and last week Nigeria jumped to $26.27 per bbl. Oil executives now gloomily forecast that the official OPEC ceiling could soon reach $28 to $30 per bbl., raising the U.S. energy import bill from some $65 billion this year to as much as $90 billion next year...
...Cairo who designed a land mine that looked remarkably like a camel turd. He put it in the diplomatic pouch and sent it to London. I'm not sure they knew quite what to make of it." Thibaut de Saint Phalle, now a director of the Export-Import Bank, discovered that Chinese pirates were very adept at blowing up Japanese ships, and he went to the offshore island of Quemoy to recruit them for the Allied cause. On the island, he remembers, he found himself living "in 12th century splendor. The pirates had stolen some very fine old furniture...
...same time, though, legislators last week took a step that spotlights Washington's weakness on energy policy. The Senate voted to give Congress the power to restrict any future presidential move to limit oil imports. Only last July, the legislators were applauding the President's statement that he would use quotas to ensure that the U.S. would never import more oil than...
...EXAMINATION of its immediate points, the larger import of Glashow's and Weinberg's work can be easily overlooked. Unified field theory was unsubstantiated as recently as the 1950's. Belief that it would ultimately be proven true was the exception: skepticism was the rule. The "glorious tapestry" that we now appreciate was periously close to never being woven. So not only was guage theory momentous, but it was propitious, for with its discovery, the pendulum of scientific opinion swung in the other direction. As Bamberg suggests, "there's now abundant optimism where once there was none...