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Word: oils (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Long before oil started to become as costly as gin, before the quest for "alternate energy sources" became the moral equivalent of war and before he started writing this week's cover story on "The Cooling of America," TIME Contributor Jack Skow bought his first woodburning stove. A city boy who now lives in rural New London, N.H. (pop. 2,943), Skow offers a modest explanation for his extraordinary foresight. "I was one of the first in town to get a wood stove, in 1973, because I went broke from electric heating bills." Since then, Skow has spent much...

Author: /time Magazine | Title: A Letter From The Publisher, Dec. 24, 1979 | 12/24/1979 | See Source »

...accompanies Skew's story, has two wood stoves in his home. He adds: "I have fitted the house with every form of insulation and heat-saving device short of an IBM 370 to run the furnace." Among them: storm windows, weather stripping, a new DOUG BRUCE fuel-efficient oil furnace and a clock-timer thermostat that shuts off the furnace at night. "The temperature drops by only 15° with the heat off," says Byron, "and then we use electric blankets-one of the greatest inventions of modern...

Author: /time Magazine | Title: A Letter From The Publisher, Dec. 24, 1979 | 12/24/1979 | See Source »

...London, Paris, Rome, Bonn and finally at the NATO meeting in Brussels. The allied governments previously had denounced Tehran for holding the hostages, but most of them are heavily dependent on Iranian petroleum and seemed unwilling to support any action that might cause Tehran to shut off their oil. Observed Harvard International Affairs Professor Stanley Hoffmann, who is on sabbatical in Paris: " There is on the part of Europeans a tendency to play spectator to world affairs as if they were at a stadium looking at other teams playing soccer and it did not concern them...

Author: /time Magazine | Title: Nation: Good Will Toward Men? | 12/24/1979 | See Source »

...many options on the crisis, said a high official, but "you wind up rejecting most of them because they could endanger the hostages or lead to the taking of more hostages." West German officials warned that if the crisis turned into an economic war that involved other Middle East oil producers, the U.S. might lose its present worldwide support...

Author: /time Magazine | Title: Nation: Good Will Toward Men? | 12/24/1979 | See Source »

...banks. Because of it, no sizable bank anywhere in the world is willing to extend credit to Iran. Most banks are also unwilling to handle Iran's international transactions, with the important exception of the Swiss and Japanese. They have made it possible for Iran to keep making oil sales, which amount to about $1 billion a week...

Author: /time Magazine | Title: Nation: Good Will Toward Men? | 12/24/1979 | See Source »

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