Word: petroleum
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Dates: during 1970-1979
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...based group that examines ethical implications of corporate investment, points out, U.S. subsidiaries in South Africa provide important strategic inputs to the South African government--for instance, they supply almost half the market for computers; a third of the country's motor vehicles; and over two-fifths of its petroleum. In these sectors and others, U.S. companies provide important military inputs and form the basis for much of the white-controlled apartheid economy. The companies provide crucial contacts with world markets, needed foreign exchange, tax revenue, and sophisticated technologies...
...National Energy Plan contemplates. Officially, Washington's answer is put bluntly by Secretary of Energy James Schlesinger: "We have no alternative." Unless coal is developed as rapidly as possible, the nation will have to squander more and more of its treasure on imported oil. Domestic production of petroleum, natural gas and nuclear power cannot expand fast enough to fill...
...Carter reaffirmed his belief that developing countries should have a bigger role in the making of international economic policies. He pledged increased U.S. contributions (now $1.9 billion a year) to international development agencies like the World Bank. But he noted that Venezuela and other members of the Organization of Petroleum Exporting Countries "have a responsibility to use their surplus wealth to meet the needs of the world's people...
...congressional forces opposing the sale TAR of planes to Saudi Arabia and Egypt have been strengthened by the latest hostilities in the Middle East, and may manage to veto the deal. At the same time, the U.S. is negotiating with the Saudis to expand their petroleum production in the light of the increased fuel needs expected in the 1980s. But such an expansion would require an expenditure of up to $6 billion, and the Saudis are reluctant to make it unless they receive from the U.S. a demonstration of good faith?namely, the sale...
...Deal liberal, Strout-TRB rails regularly against such familiar betes as conservative economists, gun lobbyists, petroleum plutocrats, union busters, segregationists and polluters. Yet he is also troubled by the rise of illegal immigration ("We have a duty to blacks here who are unemployed") and has a deep reverence for the presidency ("The office has a tendency to lift even little men up"). Says Strout: "I get indignant easy." Agrees Washington Post Columnist David Broder: "He must get out of bed every day as if it's his first chance to set the world right...