Word: demand
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Dates: during 1970-1979
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...than the "projected normal stock range." The fact is that less heating oil has been ordered by customers so far this year than during the same period in 1978. A relatively warm November has helped, but the Department of Energy gives much of the credit for the shrinkage in demand to high prices that in turn have led to greater conservation efforts. Citizens are discovering that plugging holes to keep cold air out and hot air in actually works?and saves money. This may not add up to Jimmy Carter's "moral equivalent of war," but the President's description...
More immediately, large segments of the nation would suffer from the decline in driving and in demand for cars. The old manufacturing centers of the Midwest and East-steelmaking Pittsburgh and Youngstown, tiremaking Akron, glassmaking Toledo, many others-rise or decline along with the fortunes of autos. St. Louis, Kansas City, Wilmington, Del., and dozens more cities are automaking centers. In the Far West (where public transit is grossly inadequate) and the Plains states (where communities are separated by long distances), people must drive or suffer immobility. Of course, they can and must do more car pooling. That is difficult...
...international financial system itself has been thrown into turmoil. In 1980, oil-importing nations expect to hit what economic jargoneers have labeled a "synchronized recession." Now no one can be sure how high the cartel will push oil prices beyond their present official maximum of $23.50 per bbl., but demand for petroleum makes a substantial increase certain. Single shipments of crude are being sold on the spot market for as much as $40 to $45 per bbl. This shows just how much people are prepared to pay for oil in the pinch that has been created by the loss...
...Libya are urging OPEC to switch from dollars to a so-called basket of currencies, which presumably would include German marks, Swiss francs and other Western money, and a fight at next week's meeting seems likely. In the doubtful event that OPEC did take such a step, demand for those currencies would send their value soaring on money markets as the dollar plunged...
...Register is a couple of steps to the left of Iowa opinion. Says Editorial Page Editor Gil Cranberg: "If I hated the paper as much as some of our letter writers do, I don't know why I would buy it." The paper favors abortion on demand, gun control and SALT II. It strongly supports Governor Ray, a moderate Republican, and pushed hard last year for the re-election of Senator Dick Clark, a liberal Democrat. The day after Clark was defeated, the Register published an editorial entitled "The Best Man Lost." Says Publisher David Kruidenier, grandson of Gardner...