Word: conservationism
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None of this means that the energy crisis is anywhere near over; indeed, all indications are that it will become a more or less permanent feature of American life. The Arabs coupled their announcements of production increases with gargantuan price boosts that will fan inflation throughout the West. And supply...
>Except in Britain, which is troubled more by a coal strike than by oil shortages, Christmas throughout Europe was surprisingly normal: on the Continent, lights glittered, traffic was snarled as usual, and retailers did a booming business. Only Sweden and The Netherlands are about to begin gasoline rationing. The Dutch...
Japan, for example, faces the prospect of having its oil bill leap from $7.4 billion in 1973 to about $14 billion in 1974. The cost will eat heavily into Japan's foreign-currency reserves, already dwindling at the rate of nearly $1 billion a month, and reduce the country...
The seemingly paradoxical move makes good bureaucratic and political sense. The chance that rationing will prove unavoidable cannot be dismissed, to put it mildly, and getting the machinery ready takes so long that the earliest Simon's plan could go into effect would be March 1. Any further delay...
Dark Days. From London, TIME Bureau Chief John M. Scott reported: "Suddenly last week Britain seemed thrust back to the dark days of the 1940s. The lights were going out again-or at least they most assuredly would if the government's conservation measures do not prove successful. Once...