Word: petros
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...editorial writers and just plain folks by the millions were griping that if Jimmy Carter were to get his way, Europeans would wind up shivering through next winter in unheated homes. To the Europeans, it looked once again as if the world's most powerful nation-and premier petro-pig-was trying to push its energy agonies off on its allies. At issue was the Carter Administration's quiet announcement three weeks ago of a "temporary" U.S. subsidy of $5 per bbl. on imported diesel oil for trucks and tractors and heating oil for homes, factories and office...
...nearly two years, federal investigators have been probing overpricing in the oil industry, and last week they made their biggest charges yet. Even as the General Accounting Office was leaking a report criticizing the Department of Energy for foot dragging in its petro-probes of smaller middlemen, DOE was accusing seven of the largest oil companies of overcharging refineries by $1.7 billion since 1973. The alleged method: selling petroleum at far higher prices than permitted under domestic crude-oil controls...
...more inflation. He relies heavily on the economic theories of New York Republican congressman Jack Kemp's balanced budget, which Martin Feldstein, professor of Economics, has called something "politicians can digest in 30 seconds and talk about for months." Clark also said he would dissolve the nationally-owned corporation Petro-Canada, a concession to Lougheed, despite the fact that foreign multinationals control 95 per cent of petroleum sales. His promise ran into tough sledding, however, and he has weakly backed...
...fact, Big Oil is hardly the voracious, devouring money muncher that the White House contends. That distinction belongs to OPEC, which provides the world with half its daily petro-ration and, by controlling the supply, fixes the price. Having hiked the base price 14.5% since January, the cartel has lately tacked on expensive premiums and surcharges and now threatens price increases in June. The rises are a major reason why inflation hit 13% in this year's first quarter...
...Marshall, c 3 0 1 0 Peccerillo, lf 3 0 1 0 Pearce, 3b 1 0 0 1 St. John, ss 3 0 0 0 Blood, cf 3 1 1 0 Totals: 25 3 7 3 NAVY AB R H BI See, rf 4 1 1 0 Petro, lf 3 0 0 0 Seiler, 2b 2 0 1 0 McKee, c 2 0 2 1 Mullikin, ss 3 0 0 0 Roberts, 3b 3 0 0 0 Cox, cf 2 0 0 0 Komlo, dh 3 0 1 0 Ravener, 1b 3 0 1 0 Totals...