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Word: oils (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

...time aides were urging him to choose a more subdued format. No matter where he speaks, Carter's audience will include not just the American people but the OPEC cartel. Until he presents an energy plan that sharply and permanently reduces the nation's dependence on foreign oil, OPEC will just grow richer and richer...

Author: /time Magazine | Title: Business: OPEC's Dangerous Game | 4/9/1979 | See Source »

...search of ways to beat the oil-import bind, some policymakers are beginning to look at an idea for motor fuel that was tried by American farmers in the 1930s: a mixture of 90% gasoline and 10% alcohol known as gasohol. Already it is selling briskly at about 500 filling stations in the Midwest Plains states, where the corn from which alcohol is commonly made is abundant. The blend is hailed by its champions as a wonder that yields about the same mileage as unleaded gasoline and offers an ever renewable source of energy. Moreover, gasohol could, if it replaced...

Author: /time Magazine | Title: Business: Rediscovering Home-Grown Fuel | 4/9/1979 | See Source »

...number of Department of Energy officials say that Carter's interest in gasohol is largely "symbolic," that he is talking it up mainly to provide some good news amid the Administration's talk of decontrolling crude oil and letting gas prices rise. Yet the presidential push will surely add to gasohol's growing popularity in Washington. Prodded by promoters, Congress last fall passed a law exempting the fuel from the 4?-per-gal. federal tax on gasoline. In January, the Environmental Protection Agency announced that it would permit service stations to sell gasohol instead of unleaded...

Author: /time Magazine | Title: Business: Rediscovering Home-Grown Fuel | 4/9/1979 | See Source »

Still, gasohol has its drawbacks and detractors, notably among the major oil companies. The Agriculture Department, critics note, estimates that it takes more energy to grow and harvest the grain and distill the alcohol from it than the alcohol produces when burned. For every 4 B.T.U.s of energy that are used to make alcohol, only 2.5 B.T.U.s are generated. Advocates argue that is not the point. Alcohol, they say, offers a way to boost stockpiles of liquid fuels, which are all that can be used in autos and which are in shortest supply...

Author: /time Magazine | Title: Business: Rediscovering Home-Grown Fuel | 4/9/1979 | See Source »

...Skepticism about gasohol still exists at the top levels of the DOE. A yet-to-be-released department study estimates that, under existing conditions, gasohol will account for less than 1% of the motor fuel consumed in the U.S. by 1985. That could change as distilling technology improves and oil prices rise. As one DOE official notes: "Right now, whatever our misgivings, our philosophy is to go with anything...

Author: /time Magazine | Title: Business: Rediscovering Home-Grown Fuel | 4/9/1979 | See Source »

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