Word: importent
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Dates: during 1970-1979
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...substantial" reduction in the price of oil with an argument that there is a minimum level below which the price should not be allowed to sink. He asked all the major consuming nations to join the U.S. in establishing a "common floor" for the price, to be maintained through import tariffs or other means...
...Paris-based International Energy Agency last week by Assistant Secretary Thomas Enders. IEA officials were noncommittal. Neither Kissinger nor Enders has said publicly where the floor might be. The level most often mentioned in Washington is $7 or $8 per bbl. That is far above the $2.65 import price that prevailed before the Arab oil embargo of October 1973, but it is also $3 to $4 below the $10.80 per bbl. basic price currently dictated by the 13-member Organization of Petroleum Exporting Countries...
...then Ford strode into the Oval Office to sign the very proclamation, to increase the oil-import fees, that the Governors had opposed. He made his short statement somberly, scribbled his lefthanded signature, then, looking up at the silent gallery of aides, newsmen and photographers, chuckled: "I don't see anybody clamoring for extra pens...
...economy is agriculture. China makes large grain purchases abroad because it is more economical to import some grain for coastal regions than ship it from the remote interior, but the People's Republic is self-sufficient in food. With 16 million new mouths to feed each year, however, it currently uses up at least half of its annual 4% increase in grain production just to keep pace with the population growth. Not bad-but not good, either, particularly since Peking needs an agriculture surplus to gain foreign exchange (through exports), which it needs in turn to finance the building...
...first Monty Python album (with a big foot crushing a TV screen on the cover) includes the immortal "Dead Parrot" sketch. Unfortunately it's an import and so more expensive than the ordinary record; this is compensated for, though, by the availability of MP's subsequent two albums as $1.99 cut-outs. These are both classics and include the "Argument Clinic," "Budgies," "Spam," "The Undertaker," "The Travel Agent," "How Long is it?" and Karl Marx on a quiz show. Each contains at least one run of five or six superb pieces...