Word: decontrolling
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Energy exploration investments have become hot tax shelters recently because the decontrol of oil and gas prices has unproved the potential payoff. In 1978 public investors put $670 million into oil and gas ventures. Last year that shot up to almost $1.1 billion. If the energy search is successful, the reward is a pot of gold. If the drilling turns up a dry hole, there is a generous tax write...
When the arguing abated, the Republicans had a platform that supported Reagan's principal views. It endorsed the Kemp-Roth bill for a 30% tax cut over three years; called for more nuclear power and complete decontrol of oil prices; denounced the SALT II treaty as "fatally flawed" and demanded "military superiority" over the Soviets; urged the restoration of capital punishment; and appealed for the return of voluntary, nondenominational prayer in schools. All in all, said Platform Committee Chairman John Tower, the document represents "a rightward move" in keeping with the increasing conservatism...
...would shortly outpace production and the then known supplies. But on both occasions, higher oil prices prompted new exploration and, eventually, enough new oil finds to turn the looming famine into a feast. Now the rising costs and sometimes uncertain supplies of OPEC crude, together with the decontrol of U.S. oil prices, are prompting yet another all-out search...
...gallon of regular, vs. 77? last year -and sure to go up again soon. Prices now range from $1.14 in San Antonio to $1.27 in Chicago. Deputy Energy Secretary John Sawhill said last week that gasoline prices would soon increase up to 8? per gal., owing to decontrol of domestic crude oil prices and further OPEC rises. In a recent Gallup poll, 87% of those surveyed said that higher prices had pushed them to reform their driving habits. Even in autoerotic Los Angeles, the number of car pool applications received by the state transportation department has quadrupled. Drivers along...
...government's central role in reconstruction made the government's role in economic leadership seem natural. The experience of a stringent allied occupation led to a widespread desire for decontrol and deregulation. The 14 million German refugees who streamed to West Germany before the building of the Berlin wall in 1961 brought high motivation, special skills and training, and they brought relatively low demands on their initial conditions of work. The growth of the trading bloc in Western Europe opened a market for German goods and made obvious the importance of producing industrial goods which can be competitive...