Word: soon
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Dates: during 1970-1979
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Though the swami faces up to 20 years in a Swiss slammer, he is unrepentant and rejects the charges as part of the "filth spreading round the world." Whatever the law decides, placid Winterthur will not soon forget the time the cuckoos escaped from their clocks...
...Louisville's Churchill Downs. There could be no surer tipoff that Kentucky Derby time is at hand. The counterfeiters were betrayed by their brazenness. They sold phony $50 tickets to an imaginary grandstand at the 105th Run for the Roses this weekend. But their act of daring is soon to be outdone by a few intrepid horse owners. They plan to put up entries against Spectacular Bid, one of the most heavily favored colts in the history of the Derby. Many track watchers believe the big gun-metal gray colt will take this year's Triple Crown...
...getting all members to agree to price-propping production quotas. But Libya has been cutting back on its normal deliveries by 17% since April 1, while Iran, whose production is now at 4 million bbl. a day, is actually pumping only two-thirds of its prerevolutionary volume. Others may soon follow with cutbacks of their...
...from its dependence on petroleum, especially imports. Energy Secretary James Schlesinger is probably too pessimistic when he warns that a severe global supply squeeze could come as early as the mid-1980s, but the nation will be in increasing jeopardy anyway. The threat is not that some day soon there will be much too little oil, but that consumers will have to pay ever more extortionate prices to get it. Says Guido Brunner, the Common Market's energy commissioner: "We have to realize that the age of cheap energy has come to an end, not because of diminishing supplies...
...cartel's share of the world market has dropped slightly, from 65% in 1973 to 58% now, as a result of increased output from Alaska, Mexico and the North Sea. But it would be foolhardy to expect that OPEC will any time soon lose its ability to control prices. Saudi Arabia alone has more than 25% of all proven world reserves; its daily output of 8.5 million bbl. is indispensable to Western Europe and Japan, and provides more than one-fifth of all U.S. crude imports...