Word: oils
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Dates: during 1970-1979
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...hour worked rose a mere .3% in the twelve months ending last September, a record that one high Administration official calls "an utter disaster.") The trade deficit that looked freakishly large at $26.5 billion in 1977 grew even bigger, and this time it could not be wholly blamed on oil imports -which actually went down, while other imports surged...
...which Carter considered "reasonable and predictable." But then price boosts speeded up from Jan. 1 onward far faster than anyone had expected. The 1978 rise of 9.5% compares with 6.8% last year. The increase was particularly unnerving because there was no obvious, overwhelming cause-no oil crisis or crop failure or wild speculative boom. Rapid inflation came to be recognized not as an aberration but as a terrifying built-in tendency, a consequence of too many demands being put by too many people on a limited amount of national wealth. In an April speech, Carter put the point...
...theory that more border guards will mean fewer U.S. jobs lost to foreigners. OMB is pro posing to chop the Energy Department budget from $10.5 billion to $8.8 billion. The cuts would reduce research into alternative energy sources and the rate at which the U.S. builds up its strategic oil reserve...
...supply the energy needs of Vermont for a month, are simply burned off, in part, because the U.S. Government refuses to pay the price that Mexico demands. The huge gas supply and the appalling waste are symbolic of the future promise and present uncertainty of Mexico's growing oil and gas discoveries, findings that are propelling the poor but potentially mighty neighbor across the river into the world of petropower and intrigue...
Interest in Mexico's energy wealth reached fever pitch last month, when Pemex, the government monopoly, revealed the latest strike in the Chicontepec field near the Gulf Coast city of Tampico. Pemex Chief Jorge Diaz Serrano estimated that the field would double the country's potential reserves of oil and gas to more than 200 billion...