Word: oil
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Dates: during 1970-1979
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...Baptista Figueiredo, hippophile President of Brazil, on the oil crisis: "The only solution is to tighten belts, walk and keep a horse in your corral...
...some 150,000 bbl. a day from tar sands. A group headed by Shell has won approval for another project that will cost close to $5 billion and help lift output from the sands to an expected 500,000 bbl. daily by 1985. Meanwhile, Exxon's Imperial Oil plans to spend more than $5 billion to produce oil from heavy crude. These projects may be stretched out if some recent finds of conventional petroleum elsewhere prove more financially attractive. Some oilmen believe that two offshore strikes, in the Arctic's Beaufort Sea and along the Newfoundland coast, could...
There is little chance, however, that Canada will soon raise its net oil sales to the U.S., now a rather modest 100,000 bbl. a day, (vs. 425,000 bbl. from Mexico). Dedicated to energy independence and fearful that conventional oil will decline in spite of the recent finds, Canada is not even fully exploiting Alberta's capacity of 1.8 million bbl. a day. Says Mitchell Sharp, the commissioner of Canada's Northern Pipeline Agency: "The U.S. should drop any ideas it might have about a North American energy common market...
Like other New England cities and towns, Winooski (pop. 7,500), Vt., has every reason to fret about rising heating costs. During the long winter, temperatures there frequently plummet to -20° F or lower. But some Winooskians think they may have found a way to beat their rising oil bills. They are seriously looking into the idea of covering the town with a dome to reduce the escape of heat. Says the dome's chief proponent, Community Development Director Mark Tigan: "It would be the ultimate in Yankee ingenuity...
...Boston Harbor rally Saturday legislators, representatives of environmental groups, and the fishing industry called on the government to postpone its sale of offshore oil drilling rights on George's Bank until it can provide adequate oil spill safeguards to protect the area's fisheries...