Word: fea
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Dates: during 1970-1979
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...European culture. Americans are notorious in Europe for having no sense of history. This means that they do not grow up, as an Italian does, bombarded with dates and monuments and biographies. Every Italian town is a patchwork of architectural styles that children learn to identify. They are spoon-fea Church history, the history of the communist party, the history of the resistance, they memorize long lists of names and dates, and finally in high school they study both Italian and European history with great thoroughness. As a result the interaction between a society and its culture is something that...
...Federal Energy Administration's (FEA) removal of price and allocation controls from home heating oil. The FEA assured the public at the time that the price of the oil would increase by only two to three cents per gallon. After decontrol, however, the price of heating oil jumped by five to eight cents per gallon, making the added cost of this decision to American consumers more than $800 million, according to The Library of Congrvss...
...special Federal Energy Administration task force, headed by the SEC's director of enforcement, Stanley Sporkin, declared that the FEA had failed in its duty to police the pricing practices of the major oil companies. As a result, the task force asserts, the companies had possibly overcharged the consuming public "several billions of dollars." The FEA has begun new hearings aimed at tightening auditing procedures. This week the agency will open an investigation of alleged price gouging on fuel oil used in home heating; one consumer group is claiming the FEA permitted oil companies to overcharge by $2 billion...
...good year will provide at least a bit of breathing space for the manufacturers, who soon will be hit by costly new federal energy-saving regulations. A Federal Energy Administration study shows that air conditioners account for 7% of the electricity used in the U.S. The FEA estimates that air conditioning uses up the equivalent of 1 million bbl. per day of oil, or 2.5% of the U.S.'s daily energy consumption. More than 70% of all new homes built in the U.S. now have central air conditioning, and 53% of all older homes have at least one room...
...result, the 1975 Energy Policy and Conservation Act empowered federal regulatory agencies to set targets for higher efficiency from home appliances. On July 15 the FEA announced voluntary efficiency goals for the industry: by 1980, new central air conditioners should be 25% more efficient than present models, while room air conditioners should be 30% more efficient...