Word: nassaue
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...barons of the Middle East, environmental cleanup expenditures and other indirect expenses that U.S. consumers are hardly accustomed to having tacked onto their electric bills or service-station tabs. "The days of cheap energy are definitely behind us," Robert Dunlop, chairman of Sun Oil Co., told the Nassau conference...
...current prices and projected growth in demand, the nation's out-of-pocket expenditures for foreign oil might reach $17 billion annually v. $8 billion this year. That staggering annual outflow of dollars for oil is not inevitable, however. As Secretary of the Treasury George Shultz said at Nassau: "We must struggle against these projections so that they do not become accurate predictions." Another projection shows that between now and 1980 the oil-producing nations of the Middle East and North Africa alone stand to collect a quarter-trillion dollars for their natural riches, nearly all of it from...
...Nassau conference, Democratic Senator Henry Jackson declared: "The oil companies acting alone cannot be credible bargainers with OPEC." M.I.T. Economist Morris A. Adelman has gone even further, accusing the multinational oil firms of merely acting as tax-collection agents for the oil exporters. Both he and Jackson have suggested that the U.S. and other big oil consumers join together in a concerted diplomatic effort to break the OPEC cartel...
INDUSTRY. Today's factories consume 39.5% of all energy supplies. Shearon Harris, president of Carolina Power & Light Co., revealed at Nassau that his company is helping to teach customers who consume more than $500,000 worth of electric energy a year how to reduce their usage by up to 10% through changes in design and operating processes. Recycling can also produce big savings. In the nonferrous-metals industry, for example, recycling uses only 20% as much energy as is required to refine the metal originally. Freeman stressed the point: "Our solid wastes by and large contain a better-grade...
After yesterday's Radcliffe win, the Sprints boils down to a rematch of the tight Princeton-Radcliffe contest. Three weeks ago in Princeton, N.J. the women from Old Nassau hung a heartbreaking one-second setback on the 'Cliffe eight...