Word: maximum
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Dates: during 1970-1979
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...would drive world oil prices through the roof. Another possibility would be a Government embargo on all trade with Iran, including food, but Carter would use the food weapon only as a last resort. Summarizing the planning difficulties, an Administration official noted last week: "The difference between minimum and maximum punishment is not all that great. This is very tough to calibrate...
...loss will have to be made up by having companies divert non-Iranian oil to the Caribbean refineries, while sending the Iranian crude to European refineries instead. That will mean steeper prices for Europeans because much Iranian oil is being sold at prices far above the official OPEC maximum...
Escalating spot market prices are, if anything, a bigger threat to the world economy than is the ever present danger of a cut in supplies. With spot prices now hovering at $40 or more per bbl., nearly twice the maximum official OPEC price of $23.50 for oil sold under contracts of three months or more, OPEC members are clamoring for a hefty new increase when the cartel meets in Caracas on Dec. 17. Notes a top Carter Administration official: "Spot prices are the locomotive now dragging OPEC prices along." Adds Data Resources' Eckstein: "Our present forecast has OPEC prices...
Scotto vowed to appeal; if his conviction is upheld, he faces a maximum of 20 years in prison and, after his release, will be barred from regaining his union post for at least five years...
...license to drive his new Chevy Citation, for example, pays exactly the same as a 35-year-old Hartford housewife climbing behind the wheel of the same model car for the first time. Drivers will receive premium reductions for each year of accident-free motoring, up to a maximum of five consecutive years. MIC estimates that people under 25 will pay an average of 55% less than they have been paying...