Word: barreling
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Dates: during 1970-1979
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None of that is really reassuring, though; the Arabs essentially have the West over a 42-gal. oil barrel. World oil use will more than double during the 1970s. Slaking that intense thirst requires continual swift increases in output, and there is only one place they can come from. The desert sands of the Arab nations hold at least 300 billion bbl. of easily recoverable oil, or 60% of the proven reserves in the non-Communist world. Merely by increasing production more slowly than the West desires-let alone reducing it-the Arabs could cause considerable discomfort...
...ironic that the international left is complaining about Allende's overthrow when all the Chilean army did was accept the Mao doctrine that "power comes from the barrel of a gun." Looks like the left can dish it out, but can't take...
...regime decreed that Libya would nationalize 51 %-enough for full control-of five major oil companies operating in the country, including properties owned by Exxon, Mobil, Texaco, Socal and Shell. The Libyan government also declared that the companies must raise the price of oil from $4.90 to $6 a barrel. If the oil companies give in to Libya, they may be forced to make similar deals with oil nations in the Persian Gulf...
...William E. Fornoff, 56, the blustery, barrel-chested former administrative officer of Baltimore County, a post he held under both Agnew and his Democratic successor as county executive, Dale Anderson. In June, Fornoff pleaded guilty to a charge of "impeding the enforcement" of federal tax laws, admitting that he frequently delivered quantities of cash to "a public official." In a strategy similar to that of Judge Sirica after the Watergate trial, Federal Judge Alexander Harvey II has delayed sentencing Fornoff, presumably so that he will cooperate fully with Beall in the investigation...
...feet pounded against asphalt, not astroturf, and the roar was not from the throats of the adoring thousands who used to watch him carry a football, shoot a basketball, and hit a baseball, but from the barrel of a gun, a .357 Magnum in the hands of an off-duty Sky Marshall...