Word: restrained
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Dates: during 1970-1979
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Company officers are extremely wary of divulging details of their business, and slips can prove costly. Example: much of Saudi Arabia's ability to restrain OPEC from driving up prices has depended on whether the Saudis can convincingly threaten to boost production enough to create periodic petroleum gluts. Yet high Aramco officers are among the few people who know the real size of Saudi Arabia's production capacity. Last spring Exxon and Socal divulged to the Justice Department, in its ongoing anti-trust investigation of the oil industry, that Aramco had little spare capacity. That statement helped...
...ought to restrain all the dumb things he says...
...matter what steps the nation takes. But the best hope for avoiding real trauma is to cut consumption, conserve supplies and, at the very least, make do with 700,000 bbl. less of crude per day. Such an effort would put some slack in worldwide petroleum supplies and help restrain prices. More important, it would also show Iran and the world that the U.S. can start breaking its addiction to the demon...
...state the real level of inflation, Eastern style. Even those governments that admit to a low level of "inflation" cook the books and obscure the situation with huge state subsidies that hold down prices of certain essentials. The Soviet Union will spend about $31 billion this year to restrain the retail price of food; frozen turkey sells at $1.81 per lb. and milk at 20? a pint. It will also spend $7.5 billion to hold average monthly electricity and heating bills to $4.50 and the monthly rent for a standard three-room apartment...
...alert. The Pentagon sent the aircraft carrier Kitty Hawk toward a South Korean port and rushed two Airborne Warning and Control planes to the area to monitor North Korean military movements. U.S. diplomats in Peking and Moscow urged the Chinese and Soviets to use their influence to restrain North Korea. Washington also warned North Korea that the U.S. would "react strongly in accordance with its treaty obligations to any external attempt to exploit the situation...