Word: petroleum
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Dates: during 1970-1979
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Aware that they could easily be used by Carter as foils in his drive to persuade the public to accept his program, most leaders of the oil and auto industries deliberately withheld their public fire?and ire. Said Frank Ikard, president of the American Petroleum Institute: "No segment of society is going to have everything its own way. But it would be tragic if strident divisiveness prevented the creation of a meaningful policy." Yet from Houston's Petroleum Club to Detroit's Athletic Club, leaders of the most affected industries were fuming...
While there is unquestionably a flow of foreign petroleum into Rhodesia, it has so far been impossible to determine whether any is from the Mobil subsidiaries, due to these regulations...
...intensely controversial issues before the country, the energy package is likely to generate the greatest tempest. Merely on the basis of leaked information, the program was already drawing heavy fire last week from labor leaders, the petroleum, coal and auto industries, and Congress. Small wonder, since the plan will raise fundamental questions about Americans' automobile-centered life-styles and their free-enterprise industrial system based on cheap and plentiful energy. A classic donnybrook is in the making, with the outcome very much in doubt...
...gasoline taxes might help to cut consumption but would offer producers no incentives to look for more oil. Declared A.V. Jones Jr., president of the Independent Petroleum Association: "The capital flow that this industry needs will be going to the Government. I just want to beg him, 'Say it ain't so, Jimmy...
...Suspicions about the oil companies cannot change the fact that we are running out of petroleum," he added...