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Lower prices, higher sales, more profit at the gas pump...

Author: /time Magazine | Title: Business: Now, the No-Service Station | 8/22/1977 | See Source »

...loaded with the oil are due to be on their way to Long Beach, Calif., by the end of August. About 30% of the oil is to be transshipped to refineries on the West Coast. Standard Oil Co. of Ohio (Sohio), which is owned by British Petroleum, wants to pump the rest of the oil, which is not needed in the Pacific Coast area, to refineries in Texas through an existing natural-gas pipeline that would be modified for the purpose...

Author: /time Magazine | Title: OIL: A Pipeline To Nowhere? | 8/1/1977 | See Source »

Another difficult visitor-though hardly in the same league-preceded Begin to Washington. West German Chancellor Helmut Schmidt, notoriously solemn and often cranky, had been angered by Carter Administration pressure on West Germany to pump up its economy and to refrain from selling full-cycle nuclear plants abroad. Schmidt had also expressed fears that Carter's unsubtle, missionary foreign policy style and his human rights campaign were hurting detente and East-West relations. But Chancellor and President took pains to mute their differences, and both sides considered the meeting "an atmospheric success." Schmidt-whom Carter had called "Helmut...

Author: /time Magazine | Title: The World: The Chancellor's Ode to Joy | 7/25/1977 | See Source »

...almost equal the combined reserves of the Western Hemisphere and the Soviet Union. According to one current study, whether the world starts running short of oil to power its machinery as early as 1981 or considerably later in the century depends primarily on how rapidly the Saudis choose to pump out their crude. And high prices for the petroleum have given the Saudis an enormous pile of cash-reserves rocketed from $0.7 billion in 1970 to $27.8 billion last April-that confers tremendous leverage in world finance...

Author: /time Magazine | Title: POLICY: Saudi Arabia's Growing Petropower | 7/11/1977 | See Source »

...usual, Auchincloss steers confidently through the world he knows so well. He telescopes time with delight fully gossipy character sketches and crisp vignettes. His prose is clear and judiciously cool, though his attempts to pump drama into drawing-room confrontations may lead to such awkwardness as "But Ivy's words were still written like the smoke letters of an airplane announcing a public event across the pale sky of Clara's calm...

Author: /time Magazine | Title: Books: Auchincloss's Rules of the Game | 7/11/1977 | See Source »

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