Word: importent
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...leave the oil companies alone, the greatest petroleum geologists have told me we would not have to buy from OPEC." Reagan ignores the fact that before 1971, the Government was heavily involved in energy, largely by erecting tariff barriers to protect the prices of domestic oil and to limit imports. As for those future supplies that Reagan sees waiting to be drilled, the American Petroleum Institute says that if all the economically recoverable oil in the U.S. were being drilled, production would be increased by 4 million bbl. a day, only half of current import levels...
...import fee, amounting to ten cents a gallon of gasoline, will wipe out any gains from the rest of Carter's program by raising the consumer price index by more than half of 1 per cent, by administration estimates. Called a "conservation fee," it is really a budget-balancing hedge against possible Congressional failures to ratify the president's spending cuts. In this case, it may face legal challenge because the 1962 law authorizing import fees stipulates they cannot be used as a revenue source...
...decision that gave a spouse on trial the right to veto the intention of the other spouse to offer incriminating evidence in court. This latest ruling concerned Otis Trammel Jr., a California man who in 1976 was convicted, partly on the testimony of his wife, of conspiring to import heroin. In the opinion, Chief Justice Warren Burger explained that the old notions about married women having no separate legal identity had broken down "chip by chip," and that marriage was not what it used to be. When a spouse is willing to testify against his or her partner, he wrote...
...budget for fiscal 1981 and perhaps even for 1980; 2) Executive action to enact a program of credit controls that would curb the growth of bank lending to businesses or consumers; 3) a new excise tax on gasoline in order to cut energy consumption and curb the inflationary import of foreign oil; and 4) a request to Congress for permission to levy wage and price controls...
...Union and the OPEC price increase. The arms trade has become an essential part of our export business, without which the U.S. would face a serious balance of trade deficit and a severe economic slump in 1980. While the OPEC price increase adds a few billion dollars to the import side of the ledger, the grain embargo reduces export revenue by another few billion dollars, adding to an already large ($30 billion) annual shortfall. Now the nations of the world may not want American steel, American television sets, or American cars, but they love our fighter planes...