Word: much
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Dates: during 1970-1979
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Instead there is a lot of talk. Much of it in impenetrable spaceflight jargon. Scanners, deflectors, warp speed, linguacode-words like that are always being barked into the intercom. But it is never to the point: it is hard to decipher where the starship Enterprise stands vis-a-vis the mysterious intruder from outer space. When the crew are not jabbering in technocratese, they are into metaphysics, one of the characteristics of the old Star Trek television show and a major reason for its cult vogue among the half-educated...
...there was a small glimmer of hope in Washington last week. Showing welcome signs of moving more directly and forcefully to curb energy use, the White House was considering a high federal excise tax on gasoline, perhaps as much...
...labeled a "synchronized recession." Now no one can be sure how high the cartel will push oil prices beyond their present official maximum of $23.50 per bbl., but demand for petroleum makes a substantial increase certain. Single shipments of crude are being sold on the spot market for as much as $40 to $45 per bbl. This shows just how much people are prepared to pay for oil in the pinch that has been created by the loss, for much of this year, of some 2 million bbl. of crude per day from Iran...
More and more OPEC members are discovering that they can collect just as much by cutting production. Kuwait, Iraq, the United Arab Emirates, Algeria and Libya have all announced cutback plans for 1980, and others are likely to follow. Warns Gulf Oil Corp. President James Lee: "We estimate that OPEC could cut its exports by about 8 million bbl. per day, or nearly 25%, and still maintain balanced economies for its members." Reason: as the cartel sold less oil, the price for the diminished supply would automatically surge...
...year. Instead of a projected balance of payments surplus in 1980, the U.S. could wind up with a deficit of $15 billion, further weakening the dollar.* Overall, the combined balance of payments deficit for all industrial nations would climb from this year's $16 billion to perhaps as much as $40 billion in 1980. Developing nations would be hurt worst, since many of them have no exports of real value to count on at all. Their debts, which already total some $300 billion, would swell by perhaps another $60 billion, requiring poor nations to borrow yet more billions...