Word: somes
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Dates: during 1970-1979
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The Iranian oil cutoff and ever higher OPEC prices have raised the possibility of still further energy action. "It is clear that we must embark on new initiatives in all sectors and rethink what is possible," says Deputy Energy Secretary John Sawhill. He adds that the Administration is considering ways...
Gas exploration began to rise at about the same time, as producers finally started to figure out where they stood with the complicated Natural Gas Policy Act, passed in October 1978. It created whole new categories for natural gas and raised ceiling prices on some of them. The category of...
Another spur is that profits of ten of the largest oil companies increased an average of 94% in this year's third quarter, and managers have attempted to divert public criticism by pumping up exploration budgets. A number of independents are still holding back until the windfall profits tax...
Some billion-dollar losses
Since 1977 Russia has ordered four waves of price increases covering everything from books and cut glass to gasoline, plane fares and chocolate. Last July Soviet cars jumped 18% and carpets and restaurant meals rose 50%. Czechoslovakia lifted its rate for children's clothing, fuel, postage and rents, while...