Word: steepness
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Dates: during 1970-1979
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Since Americans use much more oil than anyone else, they need to cut back the most. As the Senate last week approved the outlines of a windfall-profits tax on the oil industry, Jimmy Carter was considering a steep new federal tax on retail gasoline. His economists argue passionately for it, but his political advisers worry about a backlash at the polls in November. Illinois Congressman John Anderson, a dark horse Republican presidential candidate, submitted a bill calling for a tax of 50? per gal., with the revenues to be used to chop Social Security taxes approximately in half. That...
...energy source, from coal and shale to wind, waves and the sun. Meanwhile, conservation of existing supplies is indispensable, and politicians would do well to face the issue. Concludes Milton Lipton, president of the leading petroleum advisory firm of Walter J. Levy Consultants: "Despite the inevitable inequities of either steep taxes or rationing, there comes a time when you have to say, 'Damn the torpedoes and full speed ahead.' I cannot think of a better time to ask the American people to accept either of those measures than during the current Iranian crisis. The political opportunity may never...
...when radio contact with the aircraft was lost, the three-engine jet rammed into the snow covered side of Mount Erebus and exploded. Nine hours later, search aircraft from the nearby U.S. airbase at McMurdo Sound spotted the wreckage strewn over a quarter-mile area of the steep slope at 2,500 ft. Despite blizzard conditions, three New Zealand mountaineers managed to land at the scene by helicopter; they confirmed that there were no survivors at the site that rescue volunteers later described as "a hellhole...
...steep rise follows an unexpectedly sharp decline earlier this year. Then, the major oil companies and the nation's 12,000 independent smaller operators, who account for about 80% of all drilling, were putting off new exploration. Major reason: uncertainty over the decontrol of oil prices and new natural gas pricing regulations. The turning point came in June when crude began to be decontrolled. Oil from wells "newly discovered" after Jan. 1, 1979, began to sell at $28.81 per bbl. delivered to the refinery, rather than the artificially controlled price of $13.86. The additional oil from older wells produced...
...Then we went up a very steep incline. It took a long time and it seemed like I was almost walking. By the time we got to the top, Eve Thompson from Princeton passed me. After that we hit a flat part and I got by her again. I kept looking behind me and there were people following me closely the whole way," Beckford said after the meet...