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...posted price for a barrel of oil in the Persian Gulf was $2.17. Then it was brought down to $1.79, and that lasted until 1969. So there were 22 years of cheap fuel that made Europe what it is, that made Japan what it is. Then the price of wheat jumped 300%, vegetables the same, and sugar in the past six years increased by 16 times. Can you imagine? So we charged experts to study what prices we should put on oil. Do you know that from oil you have today 70,000 derivatives? When we empty our wells, then...

Author: /time Magazine | Title: The World: A Talk with the Shah of Iran | 4/1/1974 | See Source »

...unpredictable ECAC hockey race comes to a close, the conference's selection committee began to sort out the wheat from the chaff yesterday by naming six teams to the playoffs and eliminating three from contention for the final two spots...

Author: By William E. Stedman jr., | Title: ECAC Seeds Icemen 2nd for Playoffs | 2/22/1974 | See Source »

...supermarket chain over his grapefruit in one of those flaked, weary Florida hotels. "We can't run our business any longer. There's got to be stability. It takes two years to plan and build a new store." Gasoline, highways, housing starts, employment and the price of wheat have all got to be calculated. That future is now chaos...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: Toward an Uncertain Spring | 2/18/1974 | See Source »

...everything possible to encourage another record harvest in 1974. A preliminary survey compiled last week by the Agriculture Department showed that farmers do indeed plan to grow more than ever this year. Provided that the weather and other imponderables cooperate, they should harvest some 2 billion bu. of wheat, an increase of 300 million bu. over last year's yield. The jump in corn planting is up 10%, to more than 77 million acres. In fact, the profits on corn are so high that on some farms corn is displacing acreage formerly given over to soybeans, long the superstar...

Author: /time Magazine | Title: PRICES: New Surge in Groceries | 2/4/1974 | See Source »

...feudal agrarian Communism. The band soon discovers that a scattering of other people near by have also survived the holocaust, among them some young women, who conveniently become Malevil's communal wives and future breeding stock. A band of loot ers begins devouring Malevil's newly sprouting wheat, the key to its survival, and so massacre is reinvented. There are no bleeding hearts after the Bomb - Comte is nature's true reactionary...

Author: /time Magazine | Title: Books: Instant Replay | 2/4/1974 | See Source »

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