Word: oils
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Dates: during 1970-1979
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...Administration seemed to chalk up a qualified victory last week in the first major union settlement under President Carter's wage guidelines. After tense talks, the oilworkers finally wrapped up an agreement with Gulf Oil and Amoco. The deal more or less stays within the White House wage standard, which calls for a limit of 7% on pay and new benefit increases over the life of a contract...
...pact would give more than 60,000 of the members of the Oil, Chemical and Atomic Workers Union (OCAW) a 73?-an-hour pay boost in the first year, which is an increase of 8%, and a 5% raise in the second year. That averages out to just under 7% annually, but there is also a clause allowing a reopening of contract talks in the second year...
...first settlement under the guideposts, it may also set a pattern for this year's heavy calendar of labor talks. The Teamsters, whose contract expires March 31, will provide the next big test. Though they are expected to put up a tougher fight than the OCAW, the oil settlement is bound to have some restraining influence...
...surging price of heating oil is bad news for most homeowners, but not for Walt Schneider of Cannondale, Conn. Schneider's business is selling wood-burning stoves and fireplace accessories. Every time OPEC tacks yet another increase onto the price of a barrel of imported oil, fresh waves of Schneider's neighbors come streaming into his shop in search of a solution to their overheated bills...
...energy crisis, and nowhere is demand stronger than in New England, where good old-fashioned Yankee self-reliance and vast stands of hardwood forests stretching from the Canadian border to the New York City suburbs are combining to help free the region from its 80% dependence on foreign oil. Since 1970, the use of wood for energy in New England has grown sixfold, and in Maine, Vermont and New Hampshire a full 18% of all households now rely on the fuel as their primary heating source. People are simply finding that they can save money by putting a wood stove...