Word: pinching
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Dates: during 1970-1979
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Ford Motor Co. too is feeling the pinch, with sales of its big Thunderbirds down 41% for the year so far, and purchases of Mark Vs off 24%. But the plunge-of-the-year award so far goes to the Cougar, which had sold 18,775 by mid-June in 1978. For the same period this year, fewer than 3,000 Cougars have been bought-only 35 of them during the middle ten days of June. At Chrysler, sales of Dodge Aspens are down 30% for the year. The company's hottest autos are the subcompact Dodge Omni...
...situation in the Midwest had not yet reached panic stage, although some dealers predicted that parts of Michigan and northern Illinois, including Chicago, may feel the pinch beginning this week. The truckers' protest was one reason for apprehension, the inability of a major pipeline running through St. Louis to acquire crude oil was another. The 130 Sunoco stations in Indiana were also running...
...abound that Americans are losing patience with the Administration's weekly parade of officials to testify before congressional committees on "scapegoat of the week" questions, like whether it is the oil companies or the gasoline retailers, or even Government bungling itself, that is to blame for the energy pinch. In a remarkable press conference last week, Energy Secretary James Schlesinger expressed optimism about gasoline supplies for the remainder of the summer on the basis of a one-week increase in foreign oil imports. Yet almost in the next sentence, he was attacking the oil industry for not refining...
Stockpiles of these so-called distillate fuels are dangerously low, down some 15% from a year ago, and they will not be replenished quickly because the Administration is urging oil companies to step up their refinery runs of gasoline instead. The $5 subsidy is supposed to help ease the pinch by boosting diesel and heating oil imports from refineries in the Caribbean. Yet Europeans are every bit as dependent on scarce supplies of diesel and heating oil as Americans are, and they too get deliveries from the Caribbean refineries. The Carter Administration claims that the Europeans' panicky...
...squeeze is being aggravated by competition from Western European importers, who are paying premium prices to buy up heating oil that is refined in offshore Caribbean refineries and normally goes to the U.S. market. To ease the pinch, the Administration is now providing a temporary $5-per-bbl. subsidy for U.S. importers to match the European price. This has infuriated Europeans, who rightly argue that U.S. policy is fueling a price war that will hurt everyone...