Word: pump
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Dates: during 1970-1979
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...faith. The inventor, in a burst of Yankee practicality, foresaw the need for an alternative source of power. Another of the Rippe engines, the 911 pumper, was designed to enable water to run in whatever direction it wanted, including uphill. Nearly every piece in the show is supposed to pump either water or air, though why their inventor wanted to tamper with the elements in the first place is left unexplained. The machines' alleged creator, Jim Rippe's mythical great-uncle Jeremiah, was a visionary, not a man of the world. Consequently, his creations are best considered not as merely...
...This crisis hits me over the head every time I go to the gas pump," says Grant, "but the implications of this story go far beyond immediate personal considerations." Grant's experience abroad has helped him put into perspective both the economic and diplomatic aspects of this week's story, which was reported by TIME correspondents in more than ten countries. In Saudi Arabia, Beirut Bureau Chief Karsten Prager spoke with Oil Minister Yamani and other high government officials, and observed the Saudi Arabian land and lifestyle. "From 30,000 feet above," Prager says, "it seems somehow...
Global Change. Feisal's decision to scale down led the rest of the Arab world into a rare show of unity. In the Moslem Middle East, only non-Arab Iran continues to pump and ship oil in normal amounts. Last week, accepting the credentials of the new U.S. ambassador, James Akins, Feisal said that the Arabs were determined to stand fast this time and that they could not be "forthcoming" on the issue of energy as long as the U.S. held its old position on Israel. It is a measure of the rise of Arab power in world affairs that...
...probably climb an average of 9¢, to 50¢ per gal. Home heating fuel is expected to almost double in price, to 40¢ or more. Kerosene, diesel oil and jet fuel will all climb proportionately. Rising fuel costs will increase the price of electric power. Altogether, soaring fuel prices will pump $8 billion to $10 billion of pure inflation into the economy. Still, there is a limit to what consumers will pay. Even without Government restrictions, higher prices will force many Americans to forgo some of their wasteful ways: the long, speedy, aimless car trips; round-the-clock air" conditioning...
First Hop. American motorists felt the first pinch at the pump last week when gasoline prices rose between 1? and 4? per gal. By winter's end the price is expected to bound up to 50? per gal. v. about 40? now. Home heating fuel could climb as high as 40? per gal., almost double its current level, and jet fuel, kerosene, propane and other petroleum products will rise proportionately. Officials of the Cost of Living Council estimate that increases in the price of oil imports alone will inject about $5 billion of pure inflation into the economy, substantially...