Word: strains
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Dates: during 1970-1979
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...lending a bit of their new money to the governments of oil-importing nations. The Saudis, for example, have bought large quantities of U.S. Treasury bills, and Iran has extended a credit of $1.2 billion to Britain's nationalized industries. Such loans may slightly and temporarily relieve the strain on Western treasuries, but in the long run, the present situation is unsustainable. Eventually the Western nations will have to cut oil imports-at the cost of damage to their economies- unless the oil producers cut the price of petroleum to a level that their customers can afford...
...harm than good because it could discourage conservation and development of alternate sources of energy such as nuclear power. In any case, there is no certainty of even a small oil price cut. The outlook is for a continued flood of cash to the oil producers and continued severe strain for the rest of the world...
...risks. To increase domestic energy supplies involves such environmental gambles as oil spills at sea and strip mining on land, and as the election returns suggested, environmentalism can be a potent political issue. Conversely, to decrease energy consumption would slow the economy, which seems too weak to stand much strain. No matter what President Ford and the congressional leaders suggest, they will confront criticism...
...last Friday night: its first concert of the year boasted the most famous of the Beethoven symphonies, one of the best-known contraltos around and one of the most popular works of Charles Ives in the year of his centennial. The orchestra handled this overambitious program admirably, and the strain didn't show until the end of the evening...
Nixon's policy as of early '69 was to win the Vietnam War, in a way as Johnson had tried to win it earlier, but by a different method that would cost less money, put less strain on the balance of payments and cause much less dissent at home...