Word: safer
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...high moral sense." That includes playing the not always grateful part of the only conscious moralist in Manhattan. Onscreen, Murphy accuses him of playing God (Woody's reply: "I've got to model myself after someone.") Offscreen, Murphy, who is a close friend, says, "Woody could have made a safer picture, like Annie Hall. This film is a lot tougher, harder-edged. And it was a bold step for Woody not to be a hero." This, according to another frequent co-star and pal, Tony Roberts, is part of his character. "He seems to strive for some kind of excellence...
...TIME interviewed at length five leading independent oil experts. They are: Morris Adelman, 62, professor of economics at Massachusetts Institute of Technology; Walter Levy, 68, the dean of petroleum consultants and adviser to governments and oil companies; John Lichtblau, 57, head of the private Petroleum Industry Research Foundation; Arnold Safer, 42, an economist of Irving Trust Co.; John Sawhill, 42, president of New York University and former Federal Energy Administrator. Excerpts from from the interviews...
...SAFER: There are some crude shortages, but there is no crisis of physical supply. In the longer run, there is no shortage in terms of proven reserves or potentially discoverable...
...SAFER: The problem is not a few cents more for gasoline. The higher cost of oil will drain an additional $35 billion a year from the world's purchasing power, and only about half of this will be recycled back in increased OPEC imports. Economic policy is virtually helpless confronting the simultaneous inflation and recessionary impact of this phenomenon...
...SAFER: We must stop allowing some oil companies to deduct from their U.S. income taxes the royalties they pay to OPEC. The companies would then have greater incentive to explore for oil in non-OPEC nations. We should emulate Japan and Germany and set up a program partially funded by the Government to finance the search for new oil finds. Finally, we should impose an import quota on OPEC oil and create a North American free trade zone for energy to encourage deliveries from Mexico and Canada...