Word: sun
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Dates: during 1970-1979
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This week begins what may be the 1970s' last extravaganza of American air travel: a record 8,000,000 vacationers taking off on 12,800 flights a day to spend the holidays with family and friends or at sun-warmed resorts. By Jan. 7, the splurge will end, and so will a 28-year era of soaring expansion for U.S. airlines. That day, new federal fuel allocations will start forcing flight cancellations and crew layoffs on a vastly greater scale than anything the industry has ever before experienced. Airline stockholders, oddly, could benefit by the profits of forced efficiency...
...demand and fat prices, such oil giants as Exxon, Mobil and Texaco, along with a host of smaller firms, are scouring the earth from Malaysia to Newfoundland for fresh finds. Next month, activity in Peru's Amazon River jungle will reach boom tempo as Union Oil, Tenneco, Getty, Sun Oil, Transworld and other companies begin drilling for what many geologists believe is the world's largest unexplored oil deposit. The most promising recent strikes have been under the turbulent waters of the North Sea, which has proven deposits of more than 12 billion bbl., v. 10 billion...
...Sun.-Tues. King Kong...
...Sun.: Cabaret...
BONNIE RAITT--Through Sun. Dec. 23 at the Performance Center, The Garage, 8 and 10:30 p.m., $3 on weekdays, $3.50 on weekends...