Word: sky-high
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...passed last September's 47.8 million bbl. per day, and energy-conservation efforts are holding down demand. By maintaining a 55-m.p.h. speed limit and cutting back on other uses of fuel, the Federal Energy Office reports, the U.S. is saving 1 million bbl. per day. The present sky-high prices are discouraging consumption. Gasoline prices in the U.S. vary wildly according to the proportions of price-controlled domestic crude, uncontrolled U.S.-produced crude and expensive imported oil blended at different refineries. But on the average, they have risen more than 25% in the past six months...
...will have green-and-white checked vinyl-covered seats, red tweed weather-resistant carpeting, solid green jump seats and matching interior walls. Seat belts will be bright red and ceilings will be painted blue-with an occasional white cloud and colorful bird -symbolizing, no doubt, New York's sky-high fares. Says a Panglossian spokesman for Helen (named for no one): "Driver reaction has been surprisingly great. The drivers feel that it will stimulate bright conversation with their passengers." Chiefs of Helen Maintenance are trying to persuade the Checker Co. of Kalamazoo, Mich., to make the spiffy interiors...
...Debate. Recognizing these economic realities, the Saudis are striving to persuade the other members of OPEC (which includes several non-Arab states) to cut prices to a more reasonable level. They may fear that sky-high oil prices threaten the stability of the industrialized nations, where much of their petro-wealth is stored. Another reason: price cuts might prolong world dependence on oil by discouraging large-scale efforts to develop alternate sources of energy, such as the U.S. Project Independence. (One proposal being circulated in Washington, and presumably noticed by the Saudis, envisages spending as much as $98 billion over...
...than they did last year. Thus, instead of running up a combined trade surplus of $15 billion, as expected before the oil emergency, these nations could have a trade deficit of $20 billion to $25 billion. U.S. officials, including Treasury Secretary George Shultz, believe that the current sky-high prices will exact such a toll on the world economy that "something has to give." Shultz last week urged the oil-producing nations to cooperate with the rest of the world in reducing prices and "scaling down the magnitude of the financial problem...
There is always a new slant in women's shoes. Sky-high stiletto heels and the tiptoe look gave way to relatively level, short-heeled pumps, walking shoes and flats. Heels reared up once again with the platform look, which is still riding high. But now the heel has actually dropped below the toes in a new kind of footwear: the odd-looking clodhoppers known to a growing band of sole sisters (and brothers) as Earth Shoes...