Word: short-term
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...waffling is immensely frustrating for Energy Secretary James Schlesinger. For the past two years he has urged conservation steps; Congressmen have done little more than nod politely. The present squeeze, Schlesinger argues, "is a warning, but the real danger is in the long run. We must take advantage of short-term crises to try to make fundamental long-term changes...
When supplies fall short of demand, even by a small amount, the number of deals is multiplied and the spot price spurts to whatever the market will bear. The official OPEC price, under which most oil is traded on short-term contracts, is now $13.34 per bbl. But last week some desperate, we'll-pay-anything customers took spot shipments of oil at $28 per bbl. Meanwhile, a number of sellers have been asking, but not necessarily receiving, as much...
...proof that in normal agricultural use the herbicides hurt humans and promised court action to stop the ban. But the EPA said it had no choice. Explained Deputy Administrator Barbara Blum: "The warning signals from the miscarriage study, the preponderance of strong animal test data and the low short-term economic impact compel emergency action. Taken together these facts sound an alarm...
Koshland said his experiments indicate bacteria are able to remember past experiences just as human beings can. By observing their tumbling activities, he discovered that the memory of bacteria is very sophisticated, including both long and short-term recall...
...also costly development of domestic sources and a switch to alternative fuels. Today's crisis may mean that needed reforms will get fresh attentions and new support. "Congress now realizes the seriousness ot the situation," says Energy Secretary James Schlesinger. " It is necessary to take advantage of short-term emergencies to sell the need for unpopular measures...