Word: pump
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Dates: during 1970-1979
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...import bill, which once again has begun to grow after showing some brief signs of improving. This year, oil and natural gas imports will swell to $45 billion, up from $42 billion last year. Cornpared with conventional gasoline, unleaded fuel is more expensive to make, costs more at the pump, and gives a lackluster performance under the hood...
...Energy wants to stimulate production. To do so, it has drafted a proposal for decontrol of all gasoline prices, and last week the Administration announced that the President would send a decontrol bill to Congress in mid-January. Decontrol would immediately add up to 4? per gal. at the pump, on top of perhaps a 1½? increase as a result of the expected OPEC price rise. In addition, decontrol of domestic crude oil to bring prices up to world levels, which Carter pledged in Bonn last summer to accomplish by the end of 1980, would add an extra...
...stations has risen from about 62½? per gal. to more than 67? some Manhattan gas gougers now charge more than 90?. Given the fact that OPEC is about to raise the cost of crude oil again, and that this may add 2? or so to prices at the pump, for most U.S. motorists 1979 will clearly be the year of 70?-plus...
What we miss for this part of the great plebiscite is the services of H.L. Mencken to write about the Carnival of Buncombe, to lay about him in good humor over the "rogues and vagabonds, frauds and scoundrels" who pump "stale bilge" around this "lugubrious ball." But even a man of such laser eye as Mencken confessed that after damning politicians uphill and downdale for years, a certain faith in the process kept re-emerging and he looked to politicians "to be able, diligent, candid, and even honest." That is a tall order, but one suspects that we will...
...negotiations concerns Sinai oil. With unrest spreading in Iran, which supplies 40% of Israel's oil, Jerusalem wants to make sure it has an ironclad agreement to buy Sinai oil from Egypt. It also wants the Neptune Oil Co., a U.S. firm that currently has an Israeli contract to pump oil in the Sinai, to continue to do so. Egypt has refused to deal with Neptune, arguing that the company is working the Sinai fields illegally. Complicating these negotiations is the fact that they are tied to simultaneous bargaining over Israeli troop withdrawal from the Sinai...