Word: nationalizes
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Dates: during 1970-1979
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This is the Piceance Basin, the heart of a geological formation containing the world's biggest known deposit of oil shale. Locked in the mottled rock is the energy equivalent of about 1.2 trillion bbl. of oil, or roughly 40 times the nation's present proven reserves of liquid petroleum...
...frightening a natural cataclysm as had befallen the young nation. Buildings tumbled and forests were destroyed. Giant fissures opened in the ground, accompanied by a thunderous roar and a spreading sulfurous odor. Wrote one eyewitness: "The whole land was moved and waved like waves of the sea." The usually placid Mississippi became an angry torrent of whirlpools and rapids, overflowing its banks and possibly even briefly reversing course...
...final report by California's commission on judicial performance briefly stated that "no formal charges will be filed against any supreme court justice." It was a less than conclusive judgment and thus left impaired the reputation of a court long considered among the most enlightened in the nation...
...hastened by growing worry about the safety and efficacy of ECT and by charges that it was being used excessively and indiscriminately in institutions that were little more than "shock mills." Between 1972 and 1977 in New York State, for example, use of ECT dropped by 38%. Across the nation, according to a 1978 report by the American Psychiatric Association, one-third of psychiatrists have reservations about the practice...
...inflation outlook offers no reason for the Fed to pull back. Last week Carter's anti-inflation czar, Alfred Kahn, admitted that his earlier hopes for the nation to be out of double-digit inflation by next spring have been eliminated by increases in oil prices and mortgage rates. Kahn argued that inflation will not be brought under control so long as OPEC continues raising the cost of crude and the U.S. remains dependent on foreign oil. As a means of lessening that reliance, he said, the Administration had been considering a 500 per gal. gasoline tax and even...