Word: oils
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Dates: during 1970-1979
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Indeed it was. Following Garth's script, Herrera hammered away on one theme: Acción Democrática had accomplished too little with the wealth that Venezuela had gained as a result of the rise in oil prices after 1973. Though the money enabled the Pérez administration to triple government spending in five years, to $10.7 billion in 1978, many of Venezuela's 13 million citizens felt that they had gotten less than a trickle of the oil windfall. Venezuela's per capita income has risen sharply and is now, at $2,357, South...
Houston sends potential customers little glass oil wells and packets of Texas chili mix. Says David Tester of the Milwaukee Convention and Visitors Bureau: "We are like civic whores. We'll do anything to bring a convention to our community...
...unleaded grades has grown dramatically, as federal antipollution laws have forced U.S. automakers to shift to production of cars unsuited for leaded fuels. Lead hampers the functioning of so-called catalytic converters, which remove pollutants like nitrous oxide from auto exhausts. Surging demand for unleaded fuel has driven Shell Oil Co., the nation's largest gasoline retailer, and Amoco Oil Co., the leading producer of unleaded gas, to begin limiting deliveries to dealers. Mobil and other companies are also hard pressed to meet demand...
Lead-free gasoline may be good for the atmosphere, but it is not good for much else. About 10% more crude is needed to produce a gallon of unleaded than leaded gas, and that extra margin increases the nation's oil import bill, which once again has begun to grow after showing some brief signs of improving. This year, oil and natural gas imports will swell to $45 billion, up from $42 billion last year. Cornpared with conventional gasoline, unleaded fuel is more expensive to make, costs more at the pump, and gives a lackluster performance under the hood...
...announced that the President would send a decontrol bill to Congress in mid-January. Decontrol would immediately add up to 4? per gal. at the pump, on top of perhaps a 1½? increase as a result of the expected OPEC price rise. In addition, decontrol of domestic crude oil to bring prices up to world levels, which Carter pledged in Bonn last summer to accomplish by the end of 1980, would add an extra 5? or 6? per gal. to gasoline costs, lifting fuel prices far beyond the President's own anti-inflation limits. These specify that companies...