Word: oils
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Dates: during 1970-1979
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...from $4,000 to $6,000. Though that is about four times the average Korean's annual income, snake devotees believe the albino is a bargain: the typical 1½ ft.-long paik-sa, when tastily boiled and simmered, is claimed by Korea's version of snake-oil salesmen to add years to the life of the intrepid consumer...
...normal 5.8 million bbl. would require the return of foreign technicians, an unlikely possibility. Yet, said Schlesinger, unless Iran begins substantial production soon, frequent shortages of gasoline will show up this summer, and the U.S. will not be able to rebuild its stocks to avoid a scarcity of heating oil next winter...
Like fast-approaching storm clouds, the consequences of the political turmoil that shut down Iran's oil fields became clearer last week, presaging a period of trouble and uncertainty for Western nations. Higher fuel prices and some scarcities are inevitable in the U.S. President Carter warned that though the situation created by the Iranian cutoff is "not critical" yet, it "certainly could get worse." He said that the difficulties might be manageable if Americans "honor the 55-m.p.h. speed limit, set thermostats no higher than 65° and limit discretionary driving." Otherwise, the President added, "more strenuous action" would...
...pinch is already being felt. Exxon and Texaco notified customers that they are reducing deliveries of oil, gasoline and various refined products by as much as 10%. Other oil companies are expected to follow. The companies are also increasing their oil prices by up to 200 per bbl. Shortages of jet fuel have forced American, TWA and other airlines to juggle supplies to keep operating, and last week National reported that fuel shortages forced cancellation of its lightly traveled New York-Amsterdam flights. At the same time a sudden and unexpected lack of bunker fuel delayed ships sailing from some...
...that they produce. The increase is on top of the 5% OPEC rise that took effect last month and lifted the basic price to $13.34 per bbl. The cartel had scheduled a raise in steps to $14.55 by October. But at the present rate of increase, oil from Abu Dhabi and Qatar then would be selling at $16.32 per bbl. Other oil producers, notably such anti-Western militants as Libya and Iraq, are expected to make similar increases. Says one top U.S. oil company official: "I guess now the sky's the limit...