Word: petroleum
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Dates: during 1970-1979
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...more serious danger is that the country may slide into anarchy. Government forces have been barely able to suppress uprisings by rebellious Turkoman and Kurdish tribesmen in the northern provinces. Although petroleum production rose above 4 million bbl. a day last week, the oilfields around Ahwaz are still largely in the hands of dissident workers' councils, which have held numerous sit-ins to protest low wages and poor working conditions. Some 3.5 million Iranians (one-third of the work force) are unemployed; thousands of them milled around the ministry of labor in Tehran last week, demonstrating for jobs. Meanwhile...
...economic policy, it's bad energy policy, and it's bad for the country." Legislators from Texas, Oklahoma and other petrobelt states argue that Carter's tax is unnecessary and that oil companies would spend the profits of decontrol on the search for more petroleum anyway...
Quotas, Entitlements and Regulation of the Domestic Oil Industry--John Buckley, vice president, Northeast Petroleum Industries, Inc., Science Center...
Military sources said six guerillas used a Russian-manufactured rocket in the attack. The petroleum is valuable to Rhodesia because its imports are restricted by United Nations sanctions...
Whatever the merits of the President's windfall tax proposal, his jabs at the "already large profits" of the petroleum industry were designed to appeal to the public's deep suspicions that oil earnings are particularly bloated. The grumbling is sure to increase over the next few weeks as the companies begin announcing their first-quarter earnings. They will probably show increases on the order of 20% to 40% or more over the first quarter of 1978. Reason: oil inventories acquired months ago are becoming more valuable as OPEC continues to push up prices...