Word: nationalized
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Dates: during 1970-1979
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...soon as the meeting ended, Brown seized the initiative. He told reporters that he had warned Carter that the scarcity of gas in California might cause an economic disaster, which could spread quickly and tip the nation into recession. The Governor suggested that Carter had "responded" by promising that California would get more gasoline. Said Brown: "May will be the worst; in June things will improve." Brown could not resist one extra dig at Carter: "Many people actually thought that the President was punishing California because of me. I don't believe that." Then he turned over the microphone...
...impose gasoline rationing, he angrily accused his opponents of having "apparently put their heads in the sand." Just the day before his meeting with Brown, Carter told 200 business leaders at the White House that the energy crisis "festers like a cancer, sapping away the basic strength of our nation...
Despite the grim example of California, most Americans still refuse to believe the crisis is real. According to the latest Gallup poll, completed in early May, only 44% of the public think the nation's energy situation is very serious, about the same percentage as two years...
...that is the argument heard these days from official South Korean sources. Surely it is one that thoughtful members of this academic community, and most particularly our colleagues who have labored long to understand and present the Korean case, will want actively to reject. South Korea is a nation that has suffered too long and come too far to have its government and its international friends betray its real interests in the very name of defending them...
...addition to the $14.55 base price set by the 12-nation Organization of Petroleum Exporting Countries (OPEC), members are allowed to add any surcharges they think the market will bear...