Word: though
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Dates: during 1970-1979
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...Though the cartel made a halfhearted effort to pass off the new price structure as a ceiling on the rising cost of crude, not even the delegates seemed to believe it. With world demand exceeding supply, nations appear willing to pay virtually any price. Said one Indonesian delegate: "We're faced with a shortage of oil that seems irreversible. It is hard to believe that prices can be kept down." The former U.S. Ambassador to Saudi Arabia, James Akins, now a private oil-industry consultant, asserts, "The first time that any oil-importing nation offers a price above...
...Libya, which pumps some 2 million bbl. daily and is the cartel's fifth largest producer, were to take such a step, the additional squeeze on world petroleum supplies would be devastating. Even though Gaddafi has made bombastic threats before and never carried them out, the shares of Occidental Petroleum and Marathon Oil, both big users of Libyan crude, came under such intense selling pressure on the New York Stock Exchange that trading had to be briefly halted. Only later was it learned that the irresponsible threat was probably inspired by nothing more than pique. Earlier in June...
...nation's fuel shortage was partly relieved when the rancorous independent truckers' strike showed signs of waning. Though it continued to cause trouble in some areas, it was apparently running out of gas in others. In Tennessee, truckers making deliveries were still the target of vandals and snipers. One driver was informed over his CB radio that he was losing a right wheel. When he stepped out to have a look, he was shot and wounded. Because of that and other incidents, Tennessee Governor Lamar Alexander declared an energy emergency, put state troopers on a twelve-hour...
...Though the truckers vowed to starve the country into submission to achieve their demands, they so far have fallen considerably short of that goal. By and large, food has continued to roll across the nation's highways, but there have been widespread losses and threats of shortages. In California, thousands of acres of ripe lettuce and potatoes were plowed under for lack of trucks to ship them east, a loss that is calculated at $15 million to $25 million. In Florida some farmers face ruin unless 2,000 truckers can be found to ship $50 million in produce...
...RECENT edition of the New York Times Book Review, a critic arguing for the persistence of decadence in modern society chose David Bowie as one of his prime examples. That seems both gratuitous and unfair, as though Bowie's sheen of bisexuality and world-weariness alone could spell the decay of an entire civilization. And whatever objections you may have to Bowie's recent music, no one could call it worn-out or impotent...