Word: willingly
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Dates: during 1970-1979
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The House and Senate have already passed by large margins two of the three major Carter recommendations, and will soon begin working out minor differences before sending the legislation to the White House. One act would create an Energy Mobilization Board, which would be able to bulldoze through bureaucratic red...
On the other hand, Congress has decided to go more slowly than the President wanted in developing synthetic gas or oil from coal, shale and tar sands. In July Carter suggested spending $88 billion over the next decade to build some 40 synthetic fuel plants. But three Senate consultants concluded...
Shouting against the windfall profits tax, oilmen tirelessly contend that higher earnings will motivate them to search harder for oil and gas. Sure enough, as oil profits have marched up this year, so has domestic exploration. Steel drilling rigs, eight and ten stories high, are rising at muddy, cluttered sites...
Another spur is that profits of ten of the largest oil companies increased an average of 94% in this year's third quarter, and managers have attempted to divert public criticism by pumping up exploration budgets. A number of independents are still holding back until the windfall profits tax...
The most shocking news comes from Ford Motor's upper reaches, where glum executives are circulating a confidential memo projecting that the firm will lose just over $1 billion on its North American auto operations this year and probably the same in 1980. The estimated losses had been raised...