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...President Nixon, who eventually decided to keep the quotas. In retrospect, that was a grievous error. The quotas helped prompt U.S. oil companies to build their new refineries overseas, where they had access to then plentiful and cheap foreign crude. U.S. refineries have about 3 million to 4 million bbl. less daily capacity than they would need to meet "normal" domestic demand of close to 20 million bbl. That lack will contribute to keeping supplies tight for years after the Arab embargo ends. Now Exxon, which accounts for about 10% of the nation's refinery runs, is almost doubling...

Author: /time Magazine | Title: OIL: Exxon: Testing the International Tiger | 2/18/1974 | See Source »

...Rosenberg claims that he wanted to create: "a Saturday night movie." Unfortunately, however, Rosenberg seems determined to explore all the current cliches of violence −blood spattering picturesquely in the murder sequence, revolting emergency-room and autopsy routines, the inevitable car-chase climax, which makes one almost sorry, in retrospect, that Bullitt and The French Connection were ever made...

Author: /time Magazine | Title: Cinema: Saturday Night Special | 12/24/1973 | See Source »

...first loss of the season, in the Crimson's opener at UNH does not look bad in retrospect. At the time it may have seemed ludicrous that Harvard should lose to a team it trounced last year 9-3. But so far this season the Wildcats have lost only twice against eight wins and lead the division with a 5-0 record. The team has climbed to number four in the national rankings...

Author: By William E. Stedman jr., | Title: Rock Steady | 12/19/1973 | See Source »

...security and domestic harmony," Bok said. "It was a principle worth defending, even by refusing to obey a presidential order." Cox's decision to surrender office rather than relinquish principle was made "in order to press its importance vividly on the mind of the nation," said Bok. "In retrospect, it appears he has taught us more in Government service than he could have hoped to achieve in those Harvard class rooms where we welcome him back with admiration...

Author: /time Magazine | Title: The Nation: Homily | 11/19/1973 | See Source »

...retrospect, it appears that he has taught us more in government service than he could have hoped to achieve in those Harvard classrooms where we welcome him back with admiration," Bok concluded...

Author: NO WRITER ATTRIBUTED | Title: Bok Commends Cox's Action In Defying Presidential Order | 10/30/1973 | See Source »

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