Word: billings
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Dates: during 1970-1979
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...national attention with his management of the Iran crisis. They feel that whatever chance they have of catching Reagan is being diminished by their own inability to criticize the President and thus to draw attention to themselves. Last week staffers on one campaign even approached Republican National Chairman Bill Brock, urging him to lead the way in breaking G.O.P. silence about Carter and Iran. Brock agreed that all the party's candidates were suffering from Carter's political popularity, but shied away from leading a Republican charge at this time...
...profits needed to pay back its loans, the U.S. taxpayer could get stuck with a portion of the $1.5 billion tab. Assessing the action of his colleagues, Senator Barry Goldwater, the Arizona Republican who is a leading advocate of keeping government out of the private sector, called the bill "the biggest mistake Congress has ever made...
...projected increases are expected to raise the nation's oil import bill from about $62 billion this year to more than $83 billion, representing a rise in fuel costs of $80 for every American citizen. The increase, said Energy Secretary Charles Duncan, could add from 4? to 8? to the retail price of a gallon of gasoline in the coming weeks, and 3? to 7? to the cost of home heating oil, a major expense for consumers in the import-dependent Northeast. Several of the largest oil companies, including Exxon, Mobil, Chevron and Texaco, last week announced wholesale gasoline...
...foreign petroleum cannot be easily countered by cartel members. Operating through OPEC, their monopolistic, price-propping has placed an enormous and continuing burden on oil consumers everywhere. Economist Otto Eckstein, president of Data Resources Inc., estimates that OPEC'S policies have been bloating the world's oil bill by $40 billion to $60 billion a year. Says he: "We need that cartel like we need a tourniquet around our necks. Any form of free competition is going to lead to a more balanced result...
...more modest synfuels program to come from his proposed windfall profits tax; it would be levied on the increased revenues that U.S. oil companies have been earning since price controls on oil began to be phased out last June. But Congress must now wrestle with a Senate bill passed last week that would yield $178 billion in revenues by 1990 and a House bill that would raise some $277 billion. A compromise of $227 billion was agreed to last week, but details are not expected to be worked out before February...