Word: conservee
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With turmoil spreading throughout the oil-rich Middle East, it hardly seems the time to put energy on the back burner. Yet just when Jimmy Carter should be pushing hardest to cut consumption and conserve supplies, he seems to be taking a surprisingly soft approach. Not only has the Administration...
At year's end OPEC had almost come apart; at their December meeting in Caracas its members could not agree on any unified pricing structure at all. So long as supply barely equals demand, there will be leapfrogging price boosts; four countries announced 10% to 15% price hikes last Friday...
One of the most discouraging aspects of the Iranian crisis is how little it has moved the U.S. Government to counter the energy threat by taking dramatic action to conserve oil. Not only does the trauma in Tehran threaten at any moment to choke off deliveries of nearly 3 million...
Pessimistic moneymen scarcely seemed to notice some surprisingly encouraging news: U.S. consumption of oil is sharply declining. With prices rising dramatically and the nation's economy slowing, people at last are conserving energy. Gasoline consumption in October was down almost 8% from year-earlier levels; diesel and home heating...
Though the immediate crisis facing the world is the direct responsibility of the Ayatullah Khomeini and his pseudo-government in Iran, the danger would not be nearly so grave if the U.S. had not allowed itself to become so dependent on foreign oil. Under the circumstances, there is no guarantee...