Word: oiling
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Dates: during 1970-1979
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...spot market will probably get a further upward nudge from a separate Nigerian action, the abrupt nationalization last week of British Petroleum's exploration, marketing and production operations. The Lagos government declared that it was punishing BP for supplying oil to South Africa in violation of a Nigerian boycott, a charge that the company denies. The takeover deprives BP of an estimated 300,000 bbl. per day, but the Nigerian government is offering to sell the crude to any taker on the spot market, presumably including...
Ironically, OPEC's greed may yet inspire a determined conservation and development strategy to break free of dependence on imported oil...
Because various groups have blocked the projects, the U.S. has built no oil refinery on the East Coast since 1957, no deepwater port that can take a 300,000-ton tanker. Given the power of the many single-issue factions, given the complexity of the restrictions, how can the U.S. ever develop its energy...
Even such a fractional rise will irritate inflation-squeezed Americans. Nonetheless, higher exports of U.S. farm products are the best hope for reducing the nation's trade deficit, which is caused largely by oil imports. Since America's appetite for foreign oil will remain intense, it is necessary to sell more food abroad even if that means slightly higher supermarket bills at home...
...disaster. The California Supreme Court is still in turmoil as a result of last November's Times story reporting that the court withheld politically sensitive decisions until after the election. And the Times put three months and about $2 million into a 32-page special section on oil-rich Mexico published July...