Word: nationalization
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Dates: during 1970-1979
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...majority of the nation's apartment dwellers who do not have fireplaces, there are a few alternatives. Space heaters are selling well, though fire departments warn of dangers from liquid fuel and certain electric models. Safer and cheaper by far are the 79? sheets of transparent plastic offered as "indoor storm windows." Used in combination with Mortite and other caulking compounds (some offered in decorator colors), they can effectively seal out drafts around window frames, balcony doors and air-conditioning units. One Chicago store shows shoppers a quick how-to-do-it movie to help them with installation. Insulated...
...approximately in half. That measure would help cut consumption by moving the price of the fuel closer to the level that most of the rest of the world already pays. If Americans are unwilling to pay the price of necessary conservation, why should the cartel members, or any other nation, listen to anything the U.S. has to say about the burning issue of the 1980s: energy...
...offshore, under water depths ranging from a few yards to 1,000 ft. or more. Oilmen have been drilling into the outer continental shelf since the mid-'50s, and the 20,000 wells they have sunk, mostly in the Gulf of Mexico, account for 14% of the nation's current domestic oil production and 23% of its gas. The next place they hope to develop as a major energy source is a tough one: the floor of the ice-jammed Beaufort Sea, about 275 miles above the Arctic Circle, off Alaska's nearly barren north coast...
...Beaufort Sea, range up to 25 billion bbl., or nearly three times the reserves in Alaska's Prudhoe Bay field. Some oilmen believe that with a big development effort, Alaska's OCS could eventually produce 4 million bbl. a day, or enough to replace half of the nation's present oil imports. The Canadians, who have been drilling in their sector of the Beaufort Sea for two years, are very bullish on it: this fall Dome Petroleum Ltd. brought in a 20,000 bbl.-a-day strike, the biggest ever made in Canada. But huge expenses (Dome...
...controversy surrounding Aramco underscores the internal tensions within the U.S. over the nation's alarming dependence on foreign crude. The oil industry must have billions of dollars to expand U.S. drilling, exploration and other energy-producing investments that are needed to escape OPEC's hold, and Aramco's megaprofits are a big help. But to ensure those profits and continued access to foreign crude, the company has to walk a finer and finer line between the steadily diverging interests of producing and consuming states...