Word: oils
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Dates: during 1970-1979
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...ENERGY PRICING front, Carter's maneuverings to raise oil prices--allowing the maximum increases permitted by law and even considering other regulations to further raise prices--are appalling. When discussing deregulation of competitive industries in his State of the Union address, he shrewdly avoided mentioning his efforts to raise prices in one of the most concentrated, oligopolistic, profitable industries in the economy--big oil. Not only do the top eight petroleum refining companies possess 14.5 per cent of the the market, they also control the other stages of the production process. And as anyone who has taken Ec 10 knows...
...Carter's most recent press conference, one reporter asked the president to react to the fourth-quarter profits of the oil companies which reached 48 per cent, 72 per cent, 44 per cent and 134 per cent in light of the president's request that workers in the oil industry hold their wage demands to seven per cent. Carter answered that, like all good Americans, he would "like to see a good balance between prices and profits...
What happened between 1977 and 1979 to the president who was committed to regulation of oil prices and who launched this broadside on the oil industry at an earlier press conference...
...live in a nation and we believe in the free enterprise system, where market forces determine prices. But the oil and gas industry is not part of that system because prices are not free. They're heavily influenced by decisions made outside our country by the OPEC nations and they are heavily influenced by some control over the rate of production by American companies...
Today, they cannot return to the Crimea. We don't understand why the Soviets have such a policy. It is discriminative and hundreds of people have joined the great struggle. One man had a cannister of oil and he burned himself. When he was brought to the hospital, he said everyone must do this, and died. His name was Usmanov. Some thousands of Crimeans came to Crimea to attend his funeral and the officials could not disperse them. It was a great demonstration...